Chinese lines lobby against Vale fleet China's largest shipping companies are lobbying the government to foil Vale SA's plan to build a US$2.3 billion fleet of the world's biggest iron ore carriers that will haul the steel-making material to the nation.
ScotRail wins innovation award Two ScotRail innovations have been recognised for helping to keep Scotland moving during the coldest and most prolonged winter for 100 years. The innovations were of huge benefit i...
USD 418 million for freight project in Adelaide Infrastructure Australia has placed priority on a USD 418 million project to ease freight transport by rail through Adelaide. The task to upgrade the Torrens and Goodwood rail junc...
Austrian intermodal node to become a reality thanks to EU funding A study paving the way for the construction of an intermodal node in the Vienna metropolitan area will receive EUR 2 million in EU co-financing from the 2010 TEN-T annual call. The...
EC says new tachograph rules will save companies lots of money The European Commission has proposed a revision of the tachograph legislation to make full use of new technological opportunities such as satellite positioning. This will make frau...
Volvo Trucks global deliveries to June up Volvo Trucks delivered 54,566 trucks in the first six months of 2011, an increase of 72% compared to the same period in 2010. The company showed an increase in all major markets, w...
Ian Adams resigns as IBIA chief executive The International Bunker Industry Association (IBIA) regrets the resignation of its chief executive Ian Adams, with effect from 31 July. Ian Adams has been at the helm of the ...
Gefco opens branch in Stuttgart Gefco Deutschland, the German subsidiary of the French logistics group Gefco, is continuing its expansion strategy and putting a new branch for overland traffic into operation in S...
Hamburg Süd christens "Santa Cruz" in Shanghai Hamburg Süd christened the container ship "Santa Cruz" in Shanghai recently. The "Santa Cruz" is the fourth newbuilding of a series of ten identical container v...
Munich airport welcomes planning approval for third runway FMG, the Munich airport operating company, has welcomed this week's positive planning approval decision by the district government of Upper Bavaria for the construction of a third ...
Etihad Crystal Cargo starts new freighter operation to Almaty Etihad Crystal Cargo, the fast-growing cargo division of Etihad Airways, the national airline of the United Arab Emirates, today commenced a new dedicated freighter operation from ...
Safmarine wins ocean award Shipping line Safmarine recently won the ocean award at Ceva Logistics' global supplier awards at a function hosted by Ceva CEO John Pattullo, COO Bruno Sidler and CPO Simon Boggis...
UPS realised gains in Q2/2011 The world's largest parcel service provider UPS has increased its turnover by 8.1%, from USD 12.2 billion to USD 13.19 billion compared with the same period of the previous year. T...
Ceva awarded ISO and OHSAS certificates in three European countries Logistics and SCM specialist Ceva Logistics has reached an operations excellence milestone, with all of Ceva's locations in Czechia, Slovakia and Hungary certified for ISO 9001 and...
Survey exposes the inherent conservatism of box shipping Lloyd's List poll reveals derivatives and regulation seen as destabilising by shipping executives
Torm achieves premium for long range tanker sale Price tag of $47m for four-year-old LR2 vessel appears high compared to broker estimates
US crude and gasoline imports slump US crude oil imports in the first half of the year have fallen to the lowest monthly average seen since 2000, with an estimated 8.8m barrels per day taken in the by the North American country, providing less employment opportunities for crude oil tankers
Medium range tanker rates inch up on more Atlantic cargo US gasoline imports rise slightly but brokers warn overall demand is still low
Koch charters medium range E Pioneer US energy company Koch Industries has chartered the medium range product tanker E Pioneer for three months, with the option of extending the charter for another two periods of three months
Global wheat trade forecast to grow 2m tonnes next year International Grains Council predicts total shipments should increase in 2011-2012 calendar year
Jawaharlal Nehru's cargo crisis reflects inherent national flaws Chronic congestion at India's biggest box port shows how inefficiency and bureaucracy have stopped the local industry developing much-needed capacity
Midwater supply balance tightening Petrobras demand is buoying the midwater market, just as heightened safety regulation in the Gulf of Mexico is introduced
Ultra deepwater drillers to benefit from Petrobras' strategy Technology-intensive service and equipment companies should also benefit, says Morgan Stanley
SBM and OSX line up FPSOs for offshore Brazil A second floating production, storage and offloading vessel is slated for the Lula Nordeste field in 2013 and five OSX vessels are in the pipeline
Petrobras reveals revised five-year business plan Oil giant to earmark extra $8.7bn on exploration and production in pre-salt fields
Singapore trusts reflect industry credit tightrope Risk premium shows what investors think about ships as assets, especially if interest rates rise
China to narrow down energy security options Dependence on the Strait of Malacca as a transit route for imported commodities is seen as a point of weakness by China
Light at the end of the tunnel for medium range product tanker sector Head of d'Amico Internationale Marco Fiori says market fundamentals will gradually improve from 2012
South African tanker casualty identified Lloyd's List Intelligence correctly identifies tanker that ran aground near Durban
Finnlines vetoes dividend as first half earnings slide 9% Board predicts full year figures will show improvement after 'external disturbances' of stevedore strikes and Baltic ice
MOL awaits 10 newbuilds for CSW service to replace chartered tonnage Containerships purpose-built for serving Latin American ports
Thenamaris adds to Greek boxship newbuilding tally Well-known tanker owner among three Greek players confirmed to have contracted boxships with Hyundai Samho
TAL second-quarter profits double on leasing demand High prices for leasing and disposals push up revenues but decline in orders points to slowdown
Management and private equity carve up V.Group Ontario municipal employees' fund pays $520m to take control, but size of top managers' stake is a mystery
TEN blames rare quarterly loss on tanker market malaise Greek owner to look harder at opportunities in shuttle sector and LNG
Launch of second P&O superferry to be delayed due to vibration fault in first Spirit of France to undergo changes at STX Europe, followed by work on Spirit of Britain
Choked in Cochin DP World's state-of-the-art terminal is being stymied by its partner, the Indian government
The meaning of a deal It boggles the imagination that Cosco, a thriving, sprawling giant, cannot clear up arrears in a timely fashion
Grimaldi's Tunis woes continue New service ro-ro now kept waiting three days outside 'congested' port
Costamare matches forecasts as profit grows Boxship owner eyes more acquisitions but keeps its options open
Precious lives up to its name with 266% jump in profits Sale of newbuilding contracts boosts results as company says port congestion will help vessel utilisation in the whole dry bulk sector
Bailouts, bank writedowns and Greek shipping Could shipping survive another global economic downturn?
Greeks top the league of ship ownership by value Japan and China are runners-up as three nations control a 50% stake in global fleet
Chinese iron ore imports surge to sidestep big three miners China wants to cut dependence on Vale, Rio Tinto and BHP Billiton, in an effort to reduce their market influence and curb rising global prices
TEN swings to losses NYSE-listed TEN today reported much higher losses than expected and outlined its strategy for what it called the suffocating downturn
Escondida copper mine force majeur declared BHP BILLITON today declared force majeur on bulker shipments from Chile's Escondida copper mine
Fund snags V.Ships A MAJOR Canadian pension fund has agreed to acquire ship management giant V.Ships from Exponent Private Equity
Tanker grounding will cost South African public REMOVAL of a grounded product tanker will probably cost South African taxpayers up to $50M, a key maritime lawyer has told Fairplay
GenMar reeling from bad to worse RECENTLY restructured General Maritime has posted yet another poor quarter, falling well short of Wall Street forecasts
Royal warns on Med WIDENING unrest in the eastern Mediterranean has had a greater impact than expected on cruise demand, Royal Caribbean conceded today
Daewoo net profits fall DAEWOO Shipbuilding & Marine Engineering said its second-quarter net profits dropped by 3.6% year on year
Precious profit rises 80% THTHAI DRYBULK carrier Precious Shipping today said its net profits for 2Q2011 rose 80% year on year to 401.29M baht ($13.5M)
'Robust' Technip feels expansion fever FRENCH oil contractor Technip said today it sees a chance to expand in all its markets on the back of what it called a "robust" second-quarter performance
SAR's earnings rise SINGAPORE'S Straits Asia Resources, which ships coal from mines it owns in Indonesia, unveiled higher 2Q2011 earnings
Clean rates lifted IMPROVED demand-supply equations and pricier bunkers have lifted freight rates for Asia-bound clean products this week, brokers told Fairplay today
China steam coal imports rise in June RECOVERED shipments from rain-hit Australia propelled Chinese steam coal imports in June to a fourth consecutive monthly increase, IHS McCloskey reported today
Bulgaria-LUKoil start crisis talks RUSSIA'S Russian oil producer and exporter LUKoil told Fairplay it began crisis talks this morning with Bulgaria's government
CSCL warns of losses SHARES of Hong Kong-listed Chinese box carrier CSCL fell after it said today that it expects losses for 1H2011
Bad gets worse for VLCCs A BROKER described the VLCC market this week as "terribly bad", with earnings falling to as low as $2,000/day
Corpus Christi Prepares for Tropical Storm The Port of Corpus Christi, Tex. is still operating under normal conditions as it awaits an update on the...
NY-NJ Port Truckers Face Chassis Shortage Truckers that dray containers to and from many of the ocean terminals in the Port of New York and New...
Truckload Carriers Hungry for Acquisitions More than half of the truckload carriers polled in a recent survey said they would be interested in buying or...
Knight Profit Up 3.3 Percent as Costs Rise Knight Transportation kicked its profit into higher gear in the second quarter, but still struggled with higher purchased transportation, fuel...
Pacer Profits Triple as Business Model Shifts Intermodal middleman Pacer International's profit triple dyear-over-year in the second quarter despite shrinkage in top-line receipts, as the company transitions...
Corps Approves Corpus Christi Channel Expansion The U.S. Army Corps of Engineers approved the Port of Corpus Christi's request to increase the dredging depth of the...
ILA's Daggett Vows Aggressive Stance Harold Daggett took over as president of the International Longshoremen's Association on Thursday with a vow to fight automation, increase...
MOL Upgrades Panama-Brazil Feeder Service MOL is doubling the capacity of its CX1 feeder service running between Panama and Manaus, the Brazilian manufacturing center 800...
ODFL Profit Leaps 83.1 Percent Old Dominion Freight Line increased its profit 83.1 percent to $39.4 million in the second quarter, as revenue rose 30.4...
American Railcar Sees Orders Jump American Railcar Industries is seeing a big rise in orders to manufacture new units this year, with 2,200 more placed...
Asiana Cargo Plane Carrying Batteries Crashes An Asiana Airlines air freighter carrying lithium-ion batteries crashed early Thursday en route from Inchon, South Korea, to Pudong, China,...
YRC Worldwide Seeks New CFO YRC Worldwide named Jamie G. Pierson, a managing director with Alvarez & Marsal North America, interim chief financial officer while...
RailAmerica Swings to $8.7 Million Profit RailAmerica, operator of 43 small railroads in the U.S. and Canada, swung to an $8.7 million profit in the April-June...
Costamere's Profit Up 24.7 Percent Greek containership owner Costamare increased its profit 24.7 percent year-over-year to $26.2 million in the second quarter. The...
Global Air Freight Falls 3 Percent Global air traffic declined 3 percent in June from a year ago, reflecting the air freight industry's losing of market...
Lufthansa Cargo Reports $191.5 Million Profit Lufthansa Cargo posted an operating profit of $191.5 million in the first half of 2011, just 7.6 percent down from...
Ocean Carriers Hike India-Europe Rates Three major ocean carriers are hiking rates on westbound shipments from India to Europe, starting in early August. ...
JOC's Tirschwell Wraps Up Inland Port Conference (Video) Peter Tirschwell, vice president of Strategy for UBM Global Trade (parent company of The Journal of Commerce) wraps up the...
Air France KLM's Cargo Unit Slips Into Red Air France-KLM's cargo unit slipped to a $20.2 million operating loss in the three months through June from a $15.8...
Excel relaxes loans Gabriel Panayotides-led bulker owner secures breathing room from banks as rates hammer earnings.
MOL puts newbuilds to work Japanese shipping giant hatches plan to add ten containerships to South American loop.
Bank believes in LNG blitz Dahlman Rose analyst says Tsakos Energy Navigation has enough firepower to explore LNG fleet expansion.
Matson immortalised What does a US liner operator have in common with Marilyn Monroe, Mickey Mouse and the Golden Gate Bridge?
Hedge fund ups ante New York-based Rima Management emerges as a major shareholder in Peter Georgiopoulos-linked Aegean Marine Petroleum.
Finnlines back to black Ro/ro operator's earning power lifted by bigger fleet and increasing trade.
SBM sees red Floating storage giant warns of net loss in the first half as legal battle over platforms erupts.
Pirates free Jubba XX UAE owned tanker released after less than two weeks without the need for a ransom.
Otto feels cancellation hurt The Singaporean ship builder is expected to book a loss in its second quarter as it takes a third cancellation on the chin.
Offshore tag team? Aditya Garware's Global Offshore and Per Saevik's Havyard tipped to be in talks regarding North Sea JV.
Profit doubles up at SSC Ow Chio Kiat-led car carrier makes big gains as earnings rocket up on a year ago.
TEN feels tanker pain Nikolas Tsakos-led owner talks of payouts and expansion despite second quarter loss exceeding the most bearish bets.
Supply dents CMES profit Chinese shipping company says tough markets have taken their on earnings but prospects better over longer term.
CSCL investors spooked Hong Kong-listed owners stock heads into reverse following profit warnings.
Loan lifeline for Sevan Offshore platform operator secures backing of stakeholders for short-term loan while restructuring takes place.
Daggett elected ILA president Daggett Harold J. Daggett was unanimously elected as the ninth president of the International Longshoremen's Association at the union's quadrennial convention in Hollywood, Fla., on Thursday. In a fiery acceptance speech to delegates, Daggett vow...
Hapag-Lloyd raises Far East to Med rates Hapag-Lloyd said it will increase rates by $200 per TEU for all cargoes and container types from East Asia to the Mediterranean and Black Sea, effective Sept. 1. The East Asia countries from which rates will be increased are: South Korea, Taiwan, ...
Panama/Brazil feeder boosts capacity Liner carrier MOL said Thursday the average vessel size will increase on a feeder service from Panama to Brazil that it jointly operates with Maersk Line. The service, which MOL dubs CX1, has operated with four ships (three from Maersk and one from...
Shippers ask STB for more rail competition A group of 40 shippers and business advocacy groups are asking the U.S. Surface Transportation Board for increased rail competition and improvements to the rate regulatory process. "While the STB's recent decision to lower filing rates for shipper...
Norfolk Southern 2nd quarter profit up 42% Norfolk Southern said it had second quarter net profit of $557 million, 42 percent more than the $392 million earned in the same 2010 period. Second quarter operating revenue was a record $2.9 billion, 18 percent more than in the second quarter of...
Industry groups encourage clean energy exports A group of large industry associations released a set of principles on Capitol Hill Wednesday to encourage lawmakers and administration officials to seek a more "coordinated and aggressive" U.S. clean energy export promotion program. The principle...
Swiss air cargo interest group formed A group has been formed to represent the interests and concerns of the Swiss air cargo industry. IG Air Cargo Switzerland said its main purpose is to provide a platform to discuss and harmonize the interests of cargo airlines, forwarders, airports...
Zepol releases trade compliance product Minneapolis-based trade intelligence company Zepol Corp. on Wednesday released a new trade compliance product. ComplianceMonitor aims to allow users to track essential U.S. import trade compliance information to save time and money and lower penal...
Markets dip but resist major moves Rotterdam tight for remainder of July.
Beached tanker threatens bunker spill Work to start Friday to remove fuel.
Bunker markets little changed after crude fall Prices holding up despite substantial dip in US crude futures.
Reports of propulsion loss 'back on the rise' US Coast Guard says engine failures linked to fuel switching 'back on the rise'.
Customs dispute hits IFO supplies Bulgaria's sole refinery running down operations after authorities revoke licenses.
External: Wired Bunkering
Bunker prices 'lagged behind' crude oil falls But Royal Caribbean Cruises says it is benefiting from energy savings initiatives.
Bunker prices mixed at Asian ports Mixed demand across in Asian bunkering hubs.
Shell global EVP for B2B and lubricants leaves company Tan Chong Meng to join PSA International as group CEO.
Australian credit firm finances dual-fuel ferry Incat gets financing to build high speed ferry which can operate on either LNG or diesel.
Call for use of MGO is 'beyond' California's power Measures 'forced on vessels without regard to the effect on the particular engine's operations', says Vice President of PMSA.
Heavier losses for Genmar in Q2 Losses primarily due to weak charter and spot rates and higher bunker costs.
Statoil Fuel & Retail to book gain from marine unit sale Transfer of its marine oil business to Malik Supply's subsidiary took place this month.
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