Dry-bulk traffic to fall by 32% in 2011: China Cosco China Cosco Holdings Co, Asia's largest shipping company by market value, forecast a 32 per cent drop in dry-bulk traffic this year as expansion in the global fleet outpaces demand.
Top 5 tanker lines still calling at Tokyo ports The world's five biggest oil-tanker companies will still travel to the ports of Tokyo Bay, joining other shipping lines in judging them safe for crew and vessels.
Baltic's key sea-freight index drops The Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, fell on Tuesday as weak activity continued to weigh on sentiment.
ESC elects new chairman Denis Choumert has been elected chairman of the European Shippers' Council (ESC). Choumert is currently president of the French Shippers' Council, as well as procurement and logist...
Safer Skies: FAA installs 150th Alaska weather camera In an ongoing effort to improve aviation safety in Alaska, the USA's Federal Aviation Administration (FAA) has turned on its 150th weather camera in Talkeetna, a historic village w...
Salzburg airport expanding, Germany wants its say Salaburg airport (Austria) is expanding. Given its proximity to Germany, the German transport minister Peter Ramsauer has asked his Austrian counterpart, Doris Bures, to participat...
Tognum expanding production plants The propulsion and power solutions provider Tognum is expanding its manufacturing capacity in Europe. To this end Tognum will invest several million euro in its main plant in Fried...
Russian Railways and rail engineering companies develop new freight cars In the framework of the memorandum of cooperation between Russian Railways and Tatravagonka in Slovakia, the first batch of articulated flat cars (model 13-9851) for the trans...
USA: Union Pacific Railroad investing heavily in railtracks The US rail service provider Union Pacific Railroad will continue improving the state of Kansas' transportation infrastructure by investing nearly USD 19 million in upgrading ...
Canada: new recycling fees for tyres from 1 April The province of Alberta (Canada) is raising its fee for recycling medium-sized tyres, such as those used on lorries, buses and trailers on 1 April. The charge will increase from US...
India: no more overloaded vehicles on highways India is soon to ban overloaded vehicles from entering and using the country's national highways (NH). According to the road, transport and highways minister, C P Joshi, the nation...
Five airports in the Pearl River delta sign MoU for future growth The senior management of the five major airports in China's Greater Pearl River Delta (GPRD) region, including Guangzhou, Hong Kong, Macau, Shenzhen and Zhuhai, participated in the...
EU Commission promoting intermodal transport The European Commission has adopted a comprehensive strategy named Transport 2050 to promote a competitive transport system that will increase mobility, remove major barriers in ke...
NYK: "Yamatai" transports aid to survivors of Japan earthquake and tsunami The Japanese shipping company NYK has provided free ocean transport of relief supplies to the northeast region of Japan, where a massive earthquake hit on 11 March and triggered a ...
ESC: shippers largely welcome EU's ambitious roadmap for single European transport area The European Shippers' Council (ESC) says it welcomes the European Commission's ambitious plan to cut transport emissions to "at least 60%" of the 1990 levels by 2050 and...
Gebrüder Weiss planning new logistics terminal in Prague Gebrüder Weiss, the Austrian transport and logistics corporation based in Lauterach (Vorarlberg), is planning to build a new logistics centre in Prague (Czechia). The terminal is s...
Ekol selected as Monoprix' logistics partner in Turkey The French retail chain Monoprix has selected Ekol Logistics as its logistics partner in Turkey. The Turkish service provider Ekol Logistics now wants to strengthen its transport s...
SITL 2011 officially opened its gates The French transport and logistics exhibition SITL (Semaine Internationale du Transport et de la Logistique) was officially opened in Paris yesterday morning. The 28th edition of t...
Port of Constanta attracting major investments Major investments are being made in the Romanian port of Constanta's infrastructure in order to strengthen its position on pan-European transport corridors. For example, some EUR 3...
Panamax charter rates fall as relets enter market Prices for smaller boxships hold their ground but are expected to come under pressure
Navigator Gas buys newbuilds London-based gas carrier owner Navigator Gas has bought two medium liquefied petroleum gas carrier newbuildings for $52m each
VLCC Middle East rates slump 30% in a week The cost of shipping Middle Eastern crude oil to Asia on very large crude carriers has fallen 30% in a week as the oversupply of vessels allowed charterers to push for lower rates for cargoes loading at oil terminals in mid-April
Zim posts $54m profit in 2010 Returns to black after $423m loss in 2009
Antwerp takes radioactive precautions Box hub takes measures over potential radioactive contamination of ships which have called Japan
Mistral owner hits out at China over capesize dispute Turkish owner warns of pitfalls of using Chinese state-owned shiprepair yards after claiming to have lost $130m on vessel
Stopford calls for rethink on economics and environment Clarkson Research director says industry needs to overhaul its approach to analysing costs
Slow and steady will win the race The current economic turbulence may be enough to convince shipping that the market price of oil is not the only factor on which decisions can be made
Minoan Lines crashes to $51m loss Blames harsh economic conditions and surge in fuel costs for 2010 results
Bribe law leeway The UK's clarification of the Bribery Act should have little impact on shipping companies that do things in an above board manner
Angelicoussis orders LNG carrier in Daewoo contract swap Inks deal to convert a VLCC order to an LNG carrier
Dutch ports to scan boxes for radiation Government and port officials in talks over joint protocol for ship checks
MPC Capital suffers $55m loss KG financier sees surprise loss for 2010 after small profits in first three quarters
Topaz listing in doubt over Middle East unrest Company executives in talks with bankers to decide on planned $500m flotation
Safety not profit is Lloyd's Register's mission Class society's strategy could provide blueprint for more companies says boss Richard Sadler
Beluga denies its ships running low on supplies German heavylift operator rejects reports its vessels are running out of supplies
GL warns over Japan nuclear impact Disaster may trigger far-reaching effects on shipping says class society
Lloyd's upbeat on marine business growth Sector accounts for '1.7bn ($2.7bn) of gross premium written by insurer in 2010
UK puts onus on shipping companies to tackle bribery Companies legally required to have "adequate procedures" to tackle bribery in place from July 1
Bocimar gears up for handysize challenge Dry bulk operator upbeat on prospects as it prepares to grow fleet in 2011
China Cosco feels dry bulk pinch but box business still strong Sees full year profit of $1.1bn in 2010 but analysts warn of possible profitability decline ahead
Shipowners face legal claims for refusing Japan port calls Owners may be exposed to breach of relevant charterparty and "significant financial loss"
Grand Alliance to resume Nagoya calls on Thursday Shipping companies remain on alert as concerns over nuclear crisis persist
China Shipping Container Lines back in the black as Asia-Europe rebounds Company fleet to grow by 19% in 2011 after capacity remained flat in 2010
China Cosco feels dry bulk pinch but boxes still strong Full year profit of $1.1bn posted but predicts 32% fall in dry bulk traffic in 2011
How to establish a behavioural safety system
New British guidelines on limiting human error National Maritime Health and Safety Committee offers practical advice on how to improve safety culture both on board and ashore
Oman protests delay port development THE CEO of the Omani Port of Salalah has told Fairplay that the recent cabinet shuffle caused by nationwide protests will delay the country's port development
Zim records strong 4Q ISRAEL'S Zim posted profits of $96M for the fourth quarter, up from $81M a year earlier, helping it to record a dramatic turnaround in annual income for 2010
Khalifa awards crane contract SHANGHAI'S ZPMC has secured a contract to supply six super post-Panamax cranes for the first phase of the Khalifa mega-port, Abu Dhabi Ports has announced
MOL ship radiation levels 'very low' MOL HAS reportedly announced that radiation levels on one of its ships that was denied entry to China because of safety concerns are "very low"
Horizon investors abandon ship HALF OF Horizon Lines' market capitalisation has been wiped out in a day's trading in a frantic sell-off driven by fear of a potential bankruptcy filing
CSCL recovers to post profits CHINA Shipping Container Lines has posted net profits of 4.2Bn yuan ($640.6M) for 2010, reversing losses of 6.49Bn yuan in 2009 as the container industry continued to recover
Crewmen burnt in NZ TWO CREW members of the Bertram Rickmers container ship Tasman Campaigner have been burnt in an engine room accident in Tauranga, New Zealand
US grain supporting Supramax rates BROKERS have told Fairplay that US grain exports are the bright spot in a softening Supramax market
LNG newbuilding rush played down BIMCO analyst Peter Sand told Fairplay today that a rise in LNG demand as a result of Japan's radiation fallout is unlikely to lead to a rush to build LNG carriers
China COSCO swings to profits CHINA COSCO, the shipping arm of China's biggest shipping group, has posted net profits of 6.86Bn yuan ($1Bn) for 2010, reversing losses of 7.47Bn yuan in 2009
Horizon Aims to Restructure, Not Sell Liner Assets Horizon Lines has no plans to sell any of its container liner services as it seeks to restructure its finances...
Hamburg Sud, Alianca to Drop Chassis in Baltimore Hamburg Sud North America and Hamburg Sud subsidiary Alianca plan to stop providing chassis to shippers moving cargo with merchant's...
President Directs Purchase of Alternative Fuel Vehicles A new vehicle procurement directive by President Obama could start changing the makeup of the nation's automobile and truck fleet...
Chairman Powell to Retire from USA Truck USA Truck Chairman Robert M. Powell will retire May 4 after decades of service with the Van Buren, Ark.-based truckload...
Zim Swings to $54 Million Profit Zim Integrated Shipping Services rebounded to a $54 million net profit in 2010 from a $432 million loss a year...
Truckload Capacity Eases, Index Shows The Longbow Research Truckload Barometer dropped less than 1 percent this week, indicating the contraction of truckload capacity is slowing. ...
Former Customs Commissioners Join New COAC Team Two former Customs commissioners are among the 20 members of the new Advisory Committee on Commercial Operations of Customs and...
ATA Urges Separation of Highway, Transit Funding The American Trucking Associations is calling for "fundamental reform" of the federal surface transportation program to "maximize resources" for highways. ...
Freight Interests Testify on Transportation Bill Advocates for improved goods movement on Tuesday called for a national freight policy, improved connectors to ports, and a dedicated...
UK Probes Fake Bomb on UPS Flight The UK launched an investigation into how a fake bomb, disguised as a wedding cake box, was transported undetected on...
UK Competition Commission Orders Stansted Sale The UK Competition Commission ordered BAA, owner of London Heathrow and five other UK airports, to sell Stansted, the UK's...
Crowley Names Fox to Head Corporate Service Crowley Maritime appointed Carl Fox as senior vice president of corporate services as of June 1. Fox, who is...
CMA CGM Columba Opens Vietnam Terminal The CMA CGM Columba became the largest container vessel to call at a Vietnamese port when it participated in the...
Hanjin, Yang Ming Add Pacific Northwest Loop Hanjin Shipping and Yang Ming are adding a new joint weekly service to their networks between Asia and the Pacific...
Commerce Secretary Promotes Export Initiative Commerce Secretary Gary Locke called upon small and mid-size companies to increase their profits and hasten the U.S. economic recovery...
JPMorgan gets 2nd Ex-Im Bank guarantee The U.S. Export-Import Bank on Tuesday approved a second transaction under its new supply chain finance guarantee, a 90 percent guarantee to support up to $450 million of liquidity from JPMorgan Chase Bank to small and medium-sized suppliers of Pe...
Norbert completes purchase of TDG French trucking and logistics company Norbert Dentressangle said it has finalized the acquisition of Laxey Logistics Ltd., the holding company that owns transport and logistics group TDG, based in Manchester, England. The 241 million euro ($341 mil...
House committee has watchful eye on HOS rule Republicans on the House Transportation and Infrastructure Committee are concerned about a proposal to limit the work day of drivers and other regulations from the Obama administration aimed at the trucking industry, and plan to review how those r...
House approves 60-day FAA funding extension The U.S. House of Representatives on Tuesday approved a short-term Federal Aviation Administration extension that would continue to fund aviation programs and allow Congress to continue moving forward with a long-term FAA bill. The 2011 Airport an...
Diving into spill threat from sunken ships The American Salvage Association (ASA) and North American Marine Environmental Protection Association (NAMEPA) will co-sponsor a conference to explore the oil pollution threats from more than 8,500 sunken vessels worldwide, many of them during Worl...
Military Sealift Command renames field units The U.S. Navy's Military Sealift Command has renamed 11 of its component commands and organizations. However, the roles, responsibilities, reporting requirements and organizational structure of the Military Sealift Command and its components remain...
COSCO to operate vessel on Hanjin TP loop COSCO Container Lines will provide a vessel on a Hanjin Shipping-operated service between Southeast Asia, China and California beginning in mid-April, according to a report fromAlphaliner.COSCO already takes slots on Hanjin's SJX service, which ha...
Yang Ming-Hanjin to start Asia/PNW loop Yang Ming and Hanjin Shipping will start a new transpacific service connecting Asia and the Pacific Northwest on April 22, the South Korean container line said Wednesday. The service, which Yang Ming calls PNW and Hanjin calls PNY, will have a rota...
Drewry: Bulking up on breakbulk ships Demand for transport on multipurpose vessels is expected to grow at an "a rate higher than that of the container and dry bulk sectors," said Drewry Shipping Consultants, which has just published itsAnnual Multipurpose Shipping Market Review & Fore...
Horizon: No service cutbacks planned Horizon Lines' chief executive officer said Tuesday that despite the financial challenges facing his company, it plans to continue to emphasize providing a high level of service to shippers. Fraser "No customer buys from us because they like us nec...
Fujairah prices resume their climb Soften African markets soften.
Crude dips on low fuel demand Inventories climbed 2.95 million barrels to 355.7 million last week.
Prices for low sulphur material fall in European hubs HS bunker product posts price rises.
Neste Oil secures funding for research and development A $70 million loan from the Nordic Investment Bank will fund existing research into renewable raw materials.
Shipping line takes delivery of 'fuel efficient' carrier 'Eco-friendly' ships will 'enhance the competency of the entire shipping industry', says Hanjin CEO.
Maritime lawyer expects increase in engine failures to continue Emissions legislation is driving 'rapid advance' in engine development.
Residual fuel 'to lose' market share Bunker specifications 'favour a shift to marine diesel', says Purvin & Gertz.
Mid-week bunker prices rising 'Mixed' demand at key Asian bunkering hubs, traders say.
High prices hitting bunker demand Libyan conflict has pushed up prices until 'no one wants to buy anything,' says Middle East based trader.
Trafigura acquires ExxonMobil's marine fuels businesses in Central America 'New era' for fuel supply in Central America, says chairman of subsidiary firm Puma Energy.
Wärtsilä to build LNG-powered wind farm installation vessels Offshore wind farm installation vessels designed to operate within ECAs, says Wärtsilä.
Japanese bunker supplies 'slightly improve', demand slackens JX Nippon Oil & Energy resumes bunker offers from its Negishi refinery.
Sinopec Zhoushan starts bunker deliveries at Shekou First deliveries of 500 mt and 1,500 mt of 380 cSt grade completed in Shekou, says company source.
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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