Consultancy FutureShip in S'pore debut With ship owners and operators in cost-reduction mode, classification society Germanischer Lloyd has opened its maritime consultancy arm in Singapore, to help them cope with their biggest headache: energy costs.
Ship operator pays Glencore to lease vessel A surplus of ships, economic turmoil and higher bunker fuel prices have battered earnings prospects for the dry bulk freight market.
US refinery cuts to boost tanker rates The deepest US and European oil refinery cuts in as much as three decades may mean record fuel shipments from Asia this year, driving rates for vessels hauling petrol and diesel fuel to the highest since 2008.
Chinese to build new railway in Indonesia China Railway Group has been awarded a USD 4.8 billion contract by Indonesia's government to build and maintain a new railway line in southern Sumatra. The track will run from the ...
Portions of Texas interstate highways to see speed limit increase The state of Texas (USA) has said that miles and miles of its highways will soon see speed limit increases following Texas Transportation Commission action approving 75 mph design...
Germany's railfreight traffic regains pre-crisis market share According to the latest figures from Germany's statistical office (Destatis), the country's railfreight sector overcame the economic crisis and regained a market share of 17.7% in ...
Turkey: fewer Carnet TIRs and transit permits issued According to the Union of Chambers and Commodity Exchanges of Turkey (TOBB), 54,923 Carnet TIRs were issued in December 2011, equating to a drop of 5.4% compared to the same month ...
Inttra with more than 70 members Inttra, a leading provider of e-commerce solutions for the ocean freight industry, has significantly expanded its global alliance network to a total of 70 information solutions pro...
Seattle names APL top shipping line for environment The global container carrier APL has been named the most environmentally responsible shipping line at the port of Seattl WA (USA). The Singapore-based line topped all applicants ...
Korean Air is first airline to operate both B747-8 and B777Fs Boeing and Korean Air have celebrated the delivery of the airline's first B747-8 and B777 freighters. With the milestone delivery, Korean Air becomes the first airline in the world...
Air Namibia expands fleet with order for two A319s Air Namibia, the Windhoek based national airline of the Republic of Namibia, has ordered two new Airbus A319 aircraft. Air Namibia already operates two leased A319s on regional rou...
Executive reshuffle at TNT Innight Germany on 1 March TNT Innight Germany has announced that Thomas Steverding, who has been the company's director of operations and information and communication services (ICS) since December 2008, is...
UK: new managing director for Schenker Logistics DB Schenker appointed Helgi Ingolfsson as its new UK managing director with effect from 1 February. Replacing Jochen Muller who has moved back to Germany to a position within...
Saudi Airlines Cargo transports 73 t generator rotor from Chengdu to Jeddah Saudi Airlines Cargo has successfully transported a 73 t generator rotor from Chengdu (China) to Jeddah (Saudi Arabia) on behalf of Rabigh Electricity Company (RABEC). The rotor is...
135 candles on BLG's birthday cake BLG, a German service provider, is 135 years old. A group of 65 merchants founded the "Bremer Lagerhaus-Gesellschaft - Actiengesellschaft von 1877" in February 1877. They merged th...
FedEx Trade Networks opening new office in Lyon FedEx Trade Networks, the transport subsidiary of the US-based CEP and logistics corporation FedEx, recently opened a new branch office at Lyon Saint Exupéry airport (France). In a...
GAC Singapore celebrates and moves to new head office GAC Singapore is marking the 30th anniversary of its establishment by relocating to a new head office to enable future expansion of its operations. The company, which has significa...
Agility's project logistics business welcomes new president and CEO Agility has appointed Grant Wattman as president and CEO of its project logistics business.
Lloyd's List Intelligence: data snapshot 10 steps to rate recovery
A case for special treatment Cosco may have to sell key assets to avoid stock exchange penalties
US heads for a watershed year on ballast water legislation Parallel progress of IMO Convention will make owners take investment in new onboard equipment seriously
Ignorance is not bliss for shipping Why the UK select committee on energy and climate change is taking the wrong tack
Stashed cash can be a source of Greek hope Money that Greeks have tucked away in myriad safety deposit boxes and under mattresses could be switched back into economic circulation
A chill wind blows across the Elbe Short-term prospects are bleak for German ship finance, tramp owners and KG houses
VLCC newbuilding deliveries hit 36-year high in January Highest monthly influx into global fleet since 1970s tanker boom
Bulk carrier demand boosted by 20% rise in Chinese coastal trade last year Global vessel demand increases 9% compared with 6% seaborne dry bulk trade growth
Central Shipping orders product tankers at STX Dalian yard New Pistiolis family outfit seals deal for two 51,000 dwt vessels at $33m each, with options for two more
RS Platou Markets downgrades a third of shipping stocks Tanker companies are worst hit as boxship owners avoid sell category
Tanker demolition to hit 20m dwt Owners will scrap older ships rather than spend on special surveys
Knightsbridge Tankers poised to renew VLCC fleet Company delayed investments in fleet due to falling secondhand vessel values
Tighter chemical tanker supply, but no ordering yet Norwegian chemical tanker group reports improved spot market
Hammonia agrees $41.5m purchase for CMA CGM Wagner Sale of sistership CMA CGM Verdi linked to Greek company
Brazil set for retendering spree on concessions for 77 terminals Transport ministry aims to bring concessions dating from the late 1980s and early 1990s in line with the country's 1993 Ports Act
More ore in store at Australian mines BHP Billiton raises production forecast for current fiscal year by 8m tonnes
Trough in dry bulk market has passed, says DNB Bank Capesize rates could reach $20,000 per day again before end of March
SinOceanic Shipping completes $100m bond issue Company seeks alternative finance for three newbuildings
Nigeria hires private security firm to curb maritime crime Critics accuse government of nepotism for appointing Global West Vessel Specialist
G6 brings launch date forward March 1 start date for Asia-Europe service
Teekay Tankers prices follow-on at a discount NYSE-listed Teekay Tankers today priced a 15M-share follow-on offering at a 12% discount to yesterday's closing price
Bug overcomes cruise ship PRINCESS Cruises has been forced to cut a voyage short after repeated outbreaks of norovirus aboard the Crown Princess
Knightsbridge confirms slow payments BETTER results than expected were reported today by Knightsbridge Tankers, but it also conceded that charter-hire payments have been delayed
US dockers to resist cuts from automation HAROLD Daggett, ILA president, has said he will insist on union job guarantees when spring talks begin with US terminal operators
Iraq counts cost of potential Hormuz block IRAQ'S OIL ministry reportedly said today the country stands to lose exports of 1.7M barrels of crude a day if Iran blocks the Strait of Hormuz
Bourbon revenues rise 18.6% FRENCH offshore vessel operator Bourbon said today its 2011 revenues rose 18.6% to €1.01Bn ($1.34Bn), a result that could be a good indicator of offshore vessel market conditions
SOBRENA bidders named THREE bidders have expressed interest in the insolvent Brest ship repair yard SOBRENA, according to union representatives
Glencore raises Chemoil stake to 89% COMMODITY trader Glencore has stretched its acquisition spree, taking an 89% stake in Singapore-listed bunker supplier Chemoil
Rio adds $2.9Bn for WA plans MINING giant Rio Tinto today announced a further commitment of $2.9Bn for iron ore mine and port projects in Western Australia
G6 launching a month early THE NEWLY formed G6 Alliance said today it has moved up starting its Asia/Europe service to the first week of March - a month ahead of schedule
Box rate push seen failing SUPPLY-demand imbalances are persisting, which is likely to doom the current push by box liners to seek general rate increases, brokers predicted today
New VLCC fixed at loss THE VLCC newbuilding toll on the market has been highlighted by a deal fixing Maersk Ingrid at Worldscale 45, brokers told Fairplay today
Box charterers reject tramp ballasting HIGH BUNKER prices mean that box ship charterers are not willing to pay ballasting costs for tramps
Strike closes Israeli ports ISRAEL'S ports are closed today in line with a nationwide strike staged by its main trade union federation, Histadrut
LNG bunkering hindered A RISE IN Asian LNG demand would cause a decade's delay in paybacks in the region for LNG bunkering, Germanischer Lloyd warned today
Army Corps Adds Funds for East Coast Ports The Port of Jacksonville, Fla., will receive an additional $7.7 million and the ports of Charleston, S.C., and Savannah, Ga.,...
Trucker Maverick to Raise Driver Pay, Expand Fleet Flatbed trucking company Maverick Transportation is raising truck driver pay as it purchases new trucks and expands capacity to meet...
Senate Committee OKs Plug for Transport Plan Shortfall A Senate committee approved on Tuesday a $9.6 billion package to help plug a $12 billion shortfall in a bipartisan...
NC's Wilmington Container Traffic Jumps 11.2 Percent Container throughput at the Port of Wilmington jumped 11.2 percent last year from the previous year, as the North...
US Freight Shipments Up 3.9 Percent in December U.S. freight shipments hit an all-time high in December, rising 3.9 percent from the previous month, the largest monthly increase...
New Sea Star Chief Says 'Structural Changes Will Be Essential' The newly tapped president of Sea Star Line said "structural changes will be essential" so that the Jones Act carrier...
Analyst Says 2012 Truck Rates Could Rise 6 Percent Truckload rates are likely to rise anywhere from 2 to 6 percent in 2012 and even as high as 8...
Airports Expect Sharp Cargo Rise if Economy Improves Global air freight volumes declined by 1 percent last year, but traffic could improve quickly this year if the...
No End in Sight for Labor Stoppages at Rotterdam Port A labor dispute at APM Terminals in Rotterdam that has disrupted shipping at one of Europe's largest container handling facilities...
Shipowners Urge Heavier Hand Against Pirates Shipowners urged governments to take a heavier hand to captured Somali pirates and their financiers, as the threat to trade...
OOCL Seeks Rate Hike on Asia-Australia Services OOCL will extend its largest rate increases to Asia-Australia services, starting March 15. The Hong Kong-based line said rates...
MSC to Raise Rates From Europe to India Mediterranean Shipping will apply a general rate increase on all cargo from North Europe to ports in the Indian subcontinent....
Court Rejects Challenge of NY-NJ Port Monitors A federal appeals court affirmed a lower court's decision that the New York Shipping Association acted prematurely in challenging a...
Atlantic Container Line to Launch US-Baltic Ro-Ro Service Atlantic Container Line later this month will launch a weekly roll-on, roll-off service from the U.S. and Canada to Finland...
G6 Alliance Speeds Up Asia-Europe Service Launch The newly formed G6 alliance of ocean carriers has sped up the launch of its Asia-Europe service by a month...
ILA's Daggett Seeks Guaranteed Jobs at Contract Negotiations International Longshoremen's Association President Harold Daggett said the ILA will enter this year's contract negotiations seeking guaranteed minimum staffing and...
World Bank says intra-Africa trade must rise A new report published by the Washington (DC)-based World Bank has revealed that it is often more difficult for countries in Africa to trade with each other than ...
Chinese ports' growth rate slows for 2011 China's top 10 container ports' rate of volume growth eased in 2011 - while their combined volumes rose by 9.7% compared to 2011 to 129 million TEU, this ...
TS Lines takes slots on China-Japan slings TS Lines has taken slots on Chinese carrier Goto Shipping's services between China-Japan following the closure of most of Grand China Logistics' loops in this market, ...
Germans look outside the eurozone for growth Germany's trade surplus with the rest of the world reached EUR158 (USD210) billion last year, with exports from Europe's largest economy hitting a record EUR1 trillion ...
India's economy cools The Indian government's central statistics office has significantly downgraded the 1.2 billion populated nation's GDP growth prospects for the current financial ...
G6 Alliance brings forward Asia-Europe service changes The Grand Alliance (Hapag-Lloyd, OOCL and NYK) and New World Alliance (APL, HMM and MOL) have advanced the introduction of the Asia-Europe schedule changes announced ...
Cargotec reports robust sales and firm orderbook Cargotec, the Finland-based manufacturer and supplier of solutions for handling cargo, has posted very strong results for its fiscal year which ended December 31, ...
Laid-up box tonnage now includes 8 x VLCS The number of idled containerships has soared to 286 for 750,900TEU as at the end of January, according to Alphaliner, up from the 268 676,000TEU reported mothballed ...
Rotterdam welcomes opening of hydrogen factory Oil companies are investing in cleaner production processes because of more stringent environmental requirements.
WFS starts more court proceedings Supplier is claiming $338,000 for fuel supplied in September and October last year.
Mixed prices movements in Rotterdam, Hamburg Prompt product tight in Rotterdam.
Fujairah bunker prices stable Good product avails and bunker demand in Durban.
Bunker prices hit tanker operator's results Hedging instruments mean Odfjell pays well below BWI benchmark.
ICS objects to Bahamas proposal on CO2 reduction 'Many governments seemed more interested in how much money can be raised from shipping than reducing emissions,' says ICS.
Analysts say Glencore/Itochu 'marriage is over' Glencore move has 'bought out' Chemoil's other shareholder.
Sailing ships 'have great economic potential' Second vessel joins sailing fleet carrying commercial cargoes.
Ice causing disruption in Hamburg Tugs used as ice breakers in north German ports.
GL's FutureShip in partnership with energy management solutions firm FutureShip and Marorka to provide integrated solution to emission reduction and fuel efficiency.
Bunker fuels firm at major Asian ports mid week Demand for bunkers generally below average at key Asian ports on Wednesday.
Decision to upgrade Los Angeles port vessel under review US House Committee on Oversight and Government Reform questions the upgrade of Angelena II.
Colombo facing 'acute' supply tightness Dry docking of bunker tanker affecting marine fuel cargo supplies to the port, says local traders.
US terminal company sees 25% growth profit Magellan Midstream Partners posted quarterly record income of $110.3 million for Q4 2011.
Crowley Maritime forms alliance with towing company Allies with PB Towage Ltd., part of the Pacific Basin Shipping group.
Chemoil shares rising after Glencore move Glencore has raised its stake in the marine fuel supplier to 89.04%.
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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