Hansa Treuhand's owner expects 130 container vessels to be scrapped in 2012 The owner of the Hamburg (Germany)-based Hansa Treuhand Group, Hermann Ebel, told the local press that he expects some 130 container vessels to be scrapped in 2012, after only 49 u...
Opening date of new JadeWeserPort still uncertain The problems with Germany's new JadeWeserPort have not been solved. The second delivery of the largest post-panamax container gantries from ZPMC has arrived and the equipment is be...
BNSF spending in California to maintain and expand rail capacity BNSF Railway (BNSF), one of North America's leading freight transportation companies, plans to invest an estimated USD 120 million on maintenance and rail capacity improvemen...
Switzerland's Stadler Rail building rack and pinion locomotives for MRS Logística in Brazil The Swiss rolling stock manufacturer Stadler Rail is building seven rack-and-pinion locomotives for the Brazilian cargo company MRS Logística SA. The order is worth about CHF 60 mi...
Pema continuing to break records After two record-breaking years in 2010 and 2011, Pema, one of Europe's largest manufacturer-independent commercial vehicles lessor, is continuing to chalk up successes and was abl...
New chairman for VDI load securing committee Ralf Ober, an authorised signatory of the road transport federation Westfalen-Lippe eG, has been elected as the new chairman of the Association of German Engineers' committee of ex...
Global road freight transportation services industry to hit USD 2,021 billion in 2017 The global road freight transportation services industry experienced good growth over the last five years and is expected to continue that momentum to reach approximately USD 2,021...
Iata applauds historic US-EU cargo security agreement The International Air Transport Association (Iata) applauded the recent agreement between the European Commission (EC) and the US Transportation Security Administration (TSA). The ...
"Green" Solar Impulse aircraft leaves Europe and lands in Africa Under the patronage of Morocco's King Mohammed VI and upon invitation of the Moroccan Agency for Solar Energy (Masen), the Solar Impulse aircraft of Bertrand Piccard and André Bors...
Delta Air Lines invests in Grupo Aeroméxico Grupo Aeroméxico has received USD 65 million from Atlanta GA (USA)-based Delta Air Lines Inc, as part of the latter's investment in Mexico's flagship carrier's capital stock. Delt...
Silver jubilee for boss of Hertzog & Partner Elmar Zitz, managing partner of Hamburg (Germany)-based Elmar Hertzog und Partner Management Consultants GmbH, celebrated 25 years of service to his company on 1 June. The trained ...
Karl Dischinger providing logistics services for Prodinger OHG Prodinger OHG, Germany's leading wholesaler for transport packaging, transport technology and industrial hygiene products, is investing EUR 9.5 million in a new warehouse in Herbol...
Ceva Logistics opens new vehicle logistics centre in the Philippines The SCM and logistics service provider Ceva Logistics has phased in its multi-user vehicle logistics centre in the Philippines. The state-of-the-art complex is located at Sta Clara...
Globe Express Services opens new locations in Bangladesh Globe Express Services (Overseas Group/GES), one of the world's top 100 global logistics providers, has added two fully licensed corporate locations in Bangladesh. One is in Dhaka,...
Giving up the goods Recent ruling has set a precedent in which a carrier can enforce a lien over a shipper's goods if there are outstanding invoices
Brazil drives Latin America's LPG demand growth Country invests in infrastructure to host 2014 football World Cup and 2016 Olympics
Oil companies snap up drillships for ultra-deepwater exploration Seadrill and Maersk Tankers ride a boom in demand
Tug-of-war for Mozambique's gas riches Shell and PTT raise bids to buy small East African gas explorer that has stake in Rovuma field
Cexim bank set to expand new shipping loans Posidonia 2012 EXCLUSIVE VIDEO INTERVIEW: Export credit bank prepared to tap $6bn pot as China sees its yard orders dry up
Weak Med trades hit Asia-Europe box volumes Industry figures show April drop
Wainio quits Port of Tampa Resignation took the board by surprise, says chairman
OSG stands by Morten Arntzen compensation package Proxy advisers cited irrelevant competitors in reaching negative conclusions, shareholders are told ahead of AGM
Qatar takes heart from rising Asian LNG demand Importers continue to turn away from higher-polluting coal
Crunch-time for shipping as small owners struggle with finance As restructurings expire, many players have limited access to alternative funds
Asia must tackle its yard glut to persuade banks to lend to shipping Posidonia 2012: losing excess capacity will restrict fleet growth and support recovery
Greece urged to act on cruise line demands Posidonia 2012: A bonanza awaits, but companies can easily be scared off by inappropriate policies, says European Cruise Council
Record scrapping forecast for bulkers Up to 58m dwt of the dry bulk fleet could be scrapped this year
Dolphin secures $1.5bn loan to help finance new drillship All eyes are on East African gas bounty, while Arctic presents challenges for drillships
Experts split over money's role in non-compliance with green regime Posidonia 2012: Is shipowners' reluctance to comply with new regulations driven by financial motivation, technical problems or just a lack of understanding?
Ignorance and poor paperwork blamed for bulk of US prosecutions Posidonia 2012: Shipowners urged to sharpen their awareness of environmental requirements
Danube states sign pledge to keep the river's trade flowing European Commission brings together ministers to avoid a repeat of last autumn's disruption
Shipping must shake its apathy over environmental regulation Posidonia 2012: Study needs input to reveal the true cost of compliance to shipowners
Coscol eyes 8% annual volume growth Fleet expansion and emerging-market demand support multipurpose vessel unit
Don't believe the hype There is no such thing as a green ship
Drydocks World unveils new subsea support vessel Hallin Marine model designed by STX Canada Marine
Boom forecast for Chinese corn imports China's voracious appetite for grain will feed demand for dry bulk carriers
US bill retains clause to scan all containers at port of origin Contentious provision takes effect next month
Whatever happened to the US driving season? Expected seasonal boost crashes and burns, dashing MR tanker owners' prospects
Russia and South Korea to collaborate on class Societies to explore polar routes and share human resources and expertise
Fixed cargo sizes limit innovative tanker design Posidonia 2012: Hatzigrigoris urges sector to unite to plan future fuel efficiency
Vale says valemaxes can benefit Chinese steel plants Brazilian miner launches fresh lobbying effort to gain access into China
Europe's banking crisis could help shipping, says Ted Petropoulos Greece's best-known ship finance guru shares his insights into the market
Nicaragua Canal An old idea has resurfaced, and why not?
MISC denies plan to sell NCB Port Holdings stake Chief executive quashes speculative reports of sale of terminal interest
Perils seen in yard glut THE BIGGEST danger in the newbuilding sector is excess yard capacity, creating fleet oversupply, not the scarcity of lending, Posidonia delegates heard this afternoon
India to add port capacity INDIAN Prime Minister Manmohan Singh has chalked out Delhi's plans for ports, roads and other infrastructure for the coming financial year
ESL imposes congestion surcharge at Chennai SEVERE congestion at Chennai's port caused by a three-day truck strike has led a shipping line to impose a freight surcharge
Cruise berthing changes urged GREECE'S egalitarian policy on port berths hinders the cruise sector, the Posidonia shipping conference was told today
Algeria to expand gas export capacity ALGERIA said today it hopes to raise natural gas export capacity to 90Bn m³ per year by 2015, from the current 60Bn m³/y
Blowing froth off cappuccino bunker report FURTHER R&D is needed to understand the "cappuccino" effect on bunkering, according to Germanisher Lloyd VP Alam Khorshed
China's coal demand heating up CHINA'S steam coal demand is likely to build in the next few weeks as temperatures rise sharply for summer, a drybulk consultancy has predicted
Dolphin gains $1.5Bn credit facility DOLPHIN International, the listed drill ship and rig operator controlled by Norway's Fred Olsen Energy, has signed a five-year credit facility accord for up to $1.5Bn
Korea Register allies with Russians THE KOREAN Register of Shipping told Fairplay today it is forming an alliance with the Russian Maritime Register of Shipping
Partners to develop gas fields SANTOS today signed an agreement with South Korean conglomerate SK Group and ConocoPhillips to develop the Caldita and Barossa gas fields in the Timor Sea
India seen as new LNG 'tiger' IF CHINA develops its shale gas resources much earlier than analysts predict, India could become Asia's most important LNG market, a conference in Malaysia was told today
Japan to step even harder on the gas JAPAN today predicted a big jump in LNG demand, with little short-term prospect of restarting its nuclear industry
Woodward Succeeds Fraser as Horizon Lines' CEO Sam Woodward was named president and CEO of domestic ocean carrier Horizon Lines, succeeding Stephen H. Fraser, who served as...
Stevedore Says It's Not Taking ILA Work A stevedoring company that plans to use workers from the Operating Engineers union to load military ammunition at Charleston said...
APL Terminal Project Gets Green Light in LA The Los Angeles Harbor Commission certified the final environmental impact report and approved the proposed expansion of the APL terminal...
LA Port Budget Includes $285 Million for Expansion The Los Angeles Harbor Commission adopted a 2012-13 fiscal year budget that includes projected capital expenditures of $285.7 million for...
John Arwood, Former TFL President, Dies at 80 John R. Arwood, who served as president and CEO of Trans Freight Lines and chairman of Kirk Line during a...
Tampa Port Chief Wainio Resigns Richard Wainio, director and chief executive of the Tampa Port Authority, resigned unexpectedly on Wednesday, saying he wants to leave...
Asia-Europe Spot Rates Slide for Fifth Straight Week Average spot prices on the Asia-Europe trade slipped again this week for the fifth week in a row, reflecting the...
Matson Completes Post-Separation Financing Matson Navigation Co. has entered a series of debt financing agreements as part of a previously announced plan to separate...
Shell, TA Sign Natural Gas Pact Energy giant Shell Oil and truck stop chain TravelCenters of America agreed to build and operate a nationwide natural gas...
ILA, ILWU Consider Alliance Against Non-Union Forces The nation's two dock worker unions may take the lead in forming a maritime labor alliance to protect their jurisdiction...
US Marines' Plan to Use Non-ILA Labor Upsets Union The International Longshoremen's Association may have to take on the U.S. Marines to protect its jurisdiction in the Southeast. ...
April Air Cargo Volumes Off 4.4 Percent Year-Over-Year Global air freight volumes in April declined 4.4 percent year-over-year, according to the latest figures from Airports Council International. ...
Freight Rates Are Again Profitable, Moller-Maersk's Andersen Says Container freight rates are profitable again and could rise further if trade picks up over the summer, A.P. Moller-Maersk CEO...
Neptune Orient Lines Names Wong South Asia President Neptune Orient Lines promoted Jason Wong to the position of regional president for South Asia. Wong, who...
Air France-KLM Cargo Slumps 8.8 Percent Air France-KLM's cargo traffic slumped 8.8 percent in May from a year ago, driven by a double digit decline in...
Maersk to Hike Rates on Major Trades Maersk Line plans to apply a series of general rate increases on major trade lanes that will take effect in...
ESL adds Chennai trade surcharge Chronic congestion at the Bay of Bengal port of Chennai is causing problems for several carriers with Hong Kong-managed Emirates Shipping Line (ESL) imposing an ...
Yangtze River cargo on the rise Container cargo levels are still growing at a modest rate along the Yangtze River Delta in China according to the latest statistics published by the Yangtze ...
Mixed blessings in Euro-Latin American trades Figures recently published by UK-based Container Trades Statistics reveal a very mixed picture in the Europe-South and Central America trades, with northbound cargo ...
Asia-Europe cargo volumes still down in April The latest information from the ocean carrier portal Container Trades Statistics reveals that exports from Asia to Europe remain in the doldrums. In April the 1.14 ...
Global Container Terminals to rival Virginia Port with new tech launch Competition is hotting up among US east coast ports in efforts to be ready to handle the larger size vessels that will be abale to transit the wider Panama ...
Interest in Manta port concession grows Within a month of the Manta Port Authority issuing its tender for the development and operations of a new multipurpose cargo-handling facility, some 10 companies ...
Ocean carriers woes multiply All-in spot freight rates quoted to forwarders in Shanghai for cargo exports to Europe and the US fell marginally again up to Friday June 1, 2012, according to ...
CMA CGM still in financial trouble As with most other major ocean carriers, CMA CGM continued to haemorrhage serious money in Q1 12. It lost USD248 million on the bottom line, on top of Q4 11's deficit ...
Transport and logistics sectors lead the way in Dubai The supply chain and freight transport logistics sectors are expected to post continuing growth over the next one to two years in Dubai with a leading recruitment ...
Great Lakes shippers' 'light loading' plight It's estimated the U.S.-flag Great Lakes vessel fleet loses more than 8,100 tons of cargo for each one-inch reduction in loaded draft, forcing many vessel operators to shrink their carrying loads.
FMC: Complaints about personal goods to Brazil spike
FMC revises NRA rules The final rule to revise regulations for negotiated rate arrangements (NRAs) will eliminate some recordkeeping requirements to make them less burdensome for NVOs, the agency says.
Longshoremen highlight disputes with other unions Disputes over jurisdiction with other unions and vexation with the AFL-CIO are being highlighted this week by leaders of the two major unions for U.S. longshoremen...
House panel advances port security legislation The House Homeland Security Committee on Wednesday passed by voice vote the SMART Port Security Act, which attempts toenhance risk-based supply chain security programs.
Chinese shoes found with lead contamination Agency investigators seized from a Seattle-area distributor a shipment of children's shoes from China that contained three times the legal limit of lead, and ordered them to be destroyed.
Maersk kills Spondylus WCSA loop
NY/NJ port authority takes tenant's security deposit
Falling bunker costs raise cruise operator estimates 'If bunker fuel behaves itself, then it is likely that investor interest will recover and that CCL and RCL could trade to our $36 price target for both companies.'
Fujairah bucks firming trend South Africa sees prices climb.
European prices following 'firming trend' WTI crude oil futures were showing losses in trading on Thursday
US votes could delay development of biofuels 'Oil industry is trying to undermine a potential competitor,'says US Agriculture Secretary.
Higher BN lube available from Castrol's main hubs 'Cyltech brand now spans the 40-80 BN range,' says lube supplier.
Maersk to impose bunker surcharges in tanker sector 'Worldscale rates have not risen nearly as much as bunker costs,' says chief executive.
Fuel oil stocks fall in Singapore Western arbitrage arrivals to slacken in the weeks ahead.
AADA to lower bunker surcharges in July Decision follows the recent decrease in bunker prices in Hong Kong and South Korea.
Bunker prices climbing in key Asian ports Good supplies of bunker fuel in major Asian ports on Thursday.
Coscon advises bunker adjustment factor for international trades BAFs to affect trades in the Far East, Indian sub-continent, Europe, Mediterranean, USA and Canada.
O.W. Bunker expands operations in Lithuania Relocates 2,800 dwt Oxana bunker barge to Port of Klaipeda.
Chimbusco's Qingdao branch gets safety award Firm's Qingdao branch to be given 'favorable treatment' by marine authorities due to award.
China fuel oil stocks rise 4.7% on-week Increase partly due to higher imports from bonded bunker traders in East China.
Japanese refineries to lower bunker output in June Itochu Enex's exit did not 'severely affect' supplies of bonded bunkers, local traders say.
Fujairah terminal starts second phase of construction Phase two will be operational by the fourth quarter of 2013, says Socar.
CMA CGM confident despite Q1 loss Firm stated it had returned to break even in April as rates per container recovered and bunker prices fell.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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