Baltic dry index falls 3.5% to 3-week low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a third day on Friday as sluggish demand for iron ore cargoes continued to weigh on sentiment.
Private guards not seen as long-term solution to piracy Privately armed merchant ships have a 100 per cent success rate against Somali pirates, experts say, but using guards is wrapped in red-tape and dogged by fears over sending hired guns to sea.
Swan Container Line calls at Hamburg again Swan Container Line is set to connect Hamburg with St Petersburg again. The 868 teu "Robert" will make the first departure on 11 November. The 1,008 teu "Baltic Swan...
Russian Railways agrees terms to develop hybrid locomotive Russian Railways has agreed the technical terms of reference during the development stage of the TEM9H SinaraHybrid, a shunting locomotive with a hybrid engine. The project to deve...
DB Schenker Logistics bundles rail-related FTL activities DB Schenker Logistics has bundled its rail-related full truck load activities in Germany under the roof of Transa Spedition. Schenker Deutschland has thus transferred the activitie...
Carrefour to test Renault electric power truck Carrefour is set to test the electric 16 t Renault Midlum truck in France. The vehicle is the largest electric-powered truck on the roads. During the one year tests it will supply ...
Scottish haulier buys Dennison trailers John Mitchell Haulage and Warehousing, one of Scotland's largest family-owned hauliers, has taken delivery of 52 Dennison sliding skeletal trailers. They are replacements for exist...
Cargo declines in port of St Petersburg The four stevedoring companies in the Sea Port of Saint Petersburg group handled 8.6 million t of cargo in the first nine months of 2011, 5% less than in the same period in 2010. T...
Carsten Schmidt new Gefco Deutschland overland head The German subsidiary of the French logistics company Gefco has appointed Carsten Schmidt as the head of its overland operations. In this role, Schmidt will be part of the executiv...
DB Schenker Logistics expanding in Ulm DB Schenker Logistics is further expanding its logistics capacities in Ulm (Germany), thus securing faster access to sale and procurement markets in the region, explained Schenker....
Additional business for Ceva with Chrysler Group The SCM specialist Ceva Logistics has extended its relationship with the Fiat Group by signing new contracts that include supply chain management for all Chrysler Group brands (Chr...
DSV posts higher earnings in Q3 The global transport and logistics services provider DSV, headquartered in Brøndby (Denmark), posted a slight fall in group sales in the third quarter of this financial year, to EU...
Oman Air postpones new Zurich link Oman Air has postponed the launch of a Muscat-Zurich link to December. The original launch date was 30 October, but it has now been put back to 2 December.
WFS Paris CDG station awarded Iata Isago certificate Paris-Charles de Gaulle Airport has become the latest station served by Worldwide Flight Services (WFS) to be awarded a safety audit for ground operations certificate (Isago) by th...
Iberia launches Luanda service Iberia is launching a service between Madrid and Luanda today, making it the first airline with nonstop flights between Spain and Angola. The new link to Luanda is expected to enha...
CSCL lines up $1.1bn box order Chinese box giant confirms newbuilding deal that could total 12 10,000 teu vessels
Industry heavyweights in sustainable shipping drive Leading owners and shippers launch initiative to challenge slow pace of change
Financial support would allow green technology to blossom State should step in if private sector fails to finance environmentally sound shipping
Black Sea suezmax market set for further falls Brokers say price correction needs to occur between overvalued Mediterranean voyages and West Africa
CSR is simply good business Shipping interests are starting to take idea of corporate ethics seriously
The crisis of capitalism When we prosecute some poor captain for putting a ship ashore, while awarding generous severance payments and a vast pension pot to some reptile who has wrecked an entire company or even a nation, you have to wonder about priorities, and the meaning of justice
Shipowners must show they care about captured crews Given that crewing is a huge cost, some owners are already tempted to turn a blind eye to their responsibilities
HHI sales remain strong as drillships continue to be popular with owners Some $10bn of orders placed so far in 2011 as offshore, container and gas contracts rise
Ecopetrol takes VLCC for one year from MISC at $20,000 per day Colombian oil company pays slightly above broker estimates for 12-month charter deals
Asia-US west coast rates rise SCFI reports rates pick up on transpacific trips but declines on all other major routes
UK government's ports policy statement welcomed Economic significance of ports and the contribution which ports can make to the UK economic recovery is recognised, says major ports group
US warned of port investment shortfall Federal funding slow to match port investment in preparation for the Panama Canal expansion
Global law enforcement turns attention to Somali money launderers Up to 40% of ransom payments could be used to fuel neighbouring countries' housing booms
High utilisation rates boost CAI Box lessor forecasts increased demand
Capesize rally faltering Rates begin dropping as cargo demand from China's steel mills falls
IOPC elects new director Former director Willem Oosterveen decides against a second term after long-term sick leave
European freight forwarding survey points to fall in throughputs Danske Bank index signals that expectations have dropped
MOL orders two LNG tankers for 20-year contract with Osaka Gas Vessels will be first to use continuous cover over Moss-design tanks
Significant investment needed in South American ports New study predicts problems in handling 13,000 teu vessels efficiently
Aldo Grimaldi given standing ovation for contribution to Italian shipping Owner wins Cristoforo Colombo prize at the third Lloyd's List Italian Shipping Awards
Costamare backs strength of major box carriers No likelihood of collapses or mergers among the big charterers, says Greek charter owner
EU and Australia launch anti-piracy forum Meeting of Commonwealth heads of state is platform for countries to make stronger commitments
North P&I look to ASP for new chairman Pratap Shirke takes over top role
Proposed ban on US damages lawsuits sparks outrage Cruise lines to be main beneficiaries if non-US citizen crew unable to sue for injury
Maersk shuns call for ship recycling in South Asia Switch in policy will take time and clear evidence of improvement in the work conducted in the yards
Greek owners warn US of trade 'havoc' in piracy fall-out Two sides agree reaction has been inadequate, claims owners' body
NW Europe intermodal price rises sought PRICES for intermodal box moves among major ports in northwestern Europe are bound to increase sharply, according to German block train operators
Beware stealth asbestos NEWBUILDINGS are likely to contain asbestos even if they are certified as free of the deadly material, a London conference has heard
Precious unveils shock drop in profits THAILAND's No 2 drybulk carrier Precious Shipping said today that 3Q2011 net profits dropped 8.3% year on year to 199.78M baht ($6.5M)
Disputes increasing as earnings drop QUARRELS among shipowners, charterers and suppliers are increasing as earnings slump, according to German defence club Schutzverein Deutscher Rehder
Russia mulls joining Europe's shipping lobby A SHIPPING lobbying group's new boss has said Russia plans to join the European Network of Maritime Clusters
Athens to seek a wider shipping economic role GREECE'S shipping tsar has revealed that Athens will soon present the parliament with legislation meant to increase shipping's contribution to the Greek economy
Tonnage tilt aids Exmar EXMAR, the listed Belgian gas carrier operator, enjoyed a strong recovery in 3Q11, as freight rates firmed while the tonnage balance tilted toward owners
Pacific Basin voices optimism on demand HONG KONG'S drybulk carrier Pacific Basin said today it expects demand for Handysizes will hold up, even as China's economy cools
MHI wins LNG JV newbuildings JAPAN'S leading carrier MOL and Osaka Gas International Transport today agreed to joint ownership of two LNG carriers to be built by Mitsubishi HI
October fright for Capesizes CAPESIZE rates have plunged across the board in the biggest fall since 19 September
KL staff spared the axe LAYOFFS will be excluded from Korea Line's rehabilitation, Fairplay was told today
Floods hit Supramaxes SUPRAMAX rates in the Pacific have been battered by the floods in Thailand and slowing Chinese iron ore demand, brokers told Fairplay today
Economist Says China Currency Key to U.S. Manufacturing The key to boosting U.S. manufacturing exports is to stop China from manipulating its currency, not striking free trade agreements,...
Electrolux's Jensen On the 'Lack of Peak Season,' Shipper-Carrier Relations (Video) Bjorn Vang Jensen, vice president of Global Logistics for Electrolux, Singapore, gives his assessment on what he says was a...
Former ILA Checker Pleads Guilty to Loan-Sharking A reputed New Jersey mobster and an International Longshoremen's Association checker pleaded guilty to state charges involving waterfront loan sharking...
Rena Cargo Owners Begin Filing Claims Cargo owners have begun lodging claims against Mediterranean Shipping Co., the charterer of the grounded Rena in New Zealand. ...
Jefferies' Leung on Shipping Prospects for 2012 (Video) Man Leung, senior vice president, Transport Analysis for Jefferies, Hong Kong, dicusses his thoughts on this year's peak season, gives...
TSA's Conrad Asseses the Peak Season, Capacity Directions (Video) Brian Conrad, executive administrator for the Transpacific Stabilization Agreement, USA, discusses his thoughts on how the 2011 peak season went,...
Saia Profit Soared in Third Quarter Multiregional less-than-truckload carrier Saia nearly doubled its net profit year-over-year in the third quarter as revenue rose 14 percent to...
Toy Imports Drop 9 Percent in September Containerized imports of toys fell 9 percent in September, their eighth straight month of year-over-year decline, and are unlikely to...
LA Confident on Clean-Trucks Program at Supreme Court The Port of Los Angeles will enforce all concession requirements in its clean-truck program upheld in a recent ruling by...
ABF Freight Builds Profit as Tonnage Declines Arkansas Best swung to a $12.3 million net profit in the third quarter from a loss a year ago despite...
YRC Worldwide to Stay on Nasdaq Exchange Struggling trucking giant YRC Worldwide may stay on the Nasdaq stock exchange despite the low value of its stock, a...
RailAmerica Profit Up 13.7 Percent, Carloads Down RailAmerica, operator of 43 small railroads in the U.S. and Canada, saw profit in the third quarter rise 13.7 percent...
Rail Signs Pointing Higher The railroad industry expects to keep hauling more freight in the months ahead, but the profits should remain strong whether...
Deep-Six the HMT The Federal Maritime Commission voted this month to investigate how important the Harbor Maintenance Tax is in prompting shippers to...
Pricing Under Water In case you were stuck at an airport and missed the latest travel news, most major U.S. airlines raised their...
Averaging Out Loss Q: Can you explain something called "general averaging" as it applies to marine carriers' liability for cargo loss and damage?...
Japan Recovery Pushes ANA Cargo Surge All Nippon Airways reported a 72.1 percent gain in group net profit in the first half of its 2011 fiscal...
Marseilles Container Traffic Falls 6 Percent Container traffic at Marseilles, France's largest port, fell 6 percent year-over-year in the first nine months of 2011, largely because...
International Shipholding Q3 profits, military contracts
China Shipping loss deepens in Q3
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.
Big China Shipping order for 10,000-TEU vessels
Magnets? Sirens? Second ship aground near Tauranga A second container ship has run aground near the port of Tauranga where authorities are struggling to salvage the wrecked Rena. The 660-TEU Schelde Trader hit rocks after it lost power leaving Tauranga.
Rena clean-up costs mount Costamare says its containership Rena is a total constructive loss. The incident will have a financial impact on the company but says it has insurance for pollution, salvage, clean up response, hull and machinery and third party claims.
Bunker prices uncertain in the Americas Crude futures lowered as Japanese factory production dropped in September.
Bunker tanker shortlisted for Dutch award The vessel incorporates a range of fuel efficiency and emission-minimisation technologies.
'First movers' integral in LNG bunkering future Study says LNG has potential to become solution for many ships in North European ECAs when fuel sulphur content is restricted to 0.10%.
Ganas joins Noble Group Move follows the departure of previous colleagues to the same company earlier this year.
Fujairah market firms 180 cSt product limited in Cape Town.
Bunker markets firm across Europe Wide range of prices in the Rotterdam spot market.
German port to start LNG bunker supplies Gasnor says it is 'an important step' towards providing LNG in the region.
Cruise company sees Q3 profits climb But looses on fuel option portfolio mean 2011 outlook has been downgraded.
High bunker prices mean 'bigger ships' 'The way oil prices are going you have to operate the biggest possible ships,' says container line chief executive.
'State of the art' bunker terminal to open next year UK facility forms part of Cockett Marine Oil's 'ambitious plans.'
Week ends with firm bunker prices Supplies of bunker fuels mixed at key Asian ports on Friday.
Vopak launches 620,000 m3 storage terminal at Amsterdam port Terminal will have capacity increase to 1.2 million m3 in Q3 2012.
Japanese firms order LNG fuelled gas carriers Each carrier capable of carrying 75,000 mt of LNG.
Dam being built around Rena's submerged fuel tank Submerged starboard tank contains 320 mt of oil.
Hong Kong shipping groups welcome possibility of ECA HKLSA and HKSOA 'pleased' to see Hong Kong government intending to 'inject much needed impetus.'
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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