New business development manager for Priority Freight Priority Freight, a Dover (UK)-based provider of time critical freight services, has appointed Stuart Jones as its new business development manager. Jones was previously with Sover...
Chep expands with pooling service for automobile industry's intercontinental goods flows Chep, a provider of pallet, container and crate pooling services, has developed the IcoQube - a standardised reusable receptacle for automotive products. The stackable IcoQube, whi...
DAF wins Irish Truck of the Year Award 2012 The DAF XF105 won the Irish Fleet Truck Award 2012 at the annual Export & Freight Transport and Logistics Awards in Belfast. The jury praised DAF's top-of-the-range model for i...
DB Schenker opens four new gateways to Russia The German service provider DB Schenker now sends its European land transport consignments to Russia via Berlin, Krakow, Riga and Helsinki. These four new gateways are closely link...
Non-commercial partnership UIRE and VDB Germany ink cooperation agreement Russia's non-commercial partnership Union of Industries of Railway Equipment (NP UIRE) and the German Railway Industry Association (VDB) have signed a collaboration agreement betwe...
Ibia appoints new chief executive The International Bunker Industry Association (Ibia) has appointed Captain Cliff Brand as its new chief executive. Taking up his new appointment on 24 October 2012, Brand will rep...
Norbert Dentressangle completes acquisition in Sri Lanka The French service provider Norbert Dentressangle (ND) completed the takeover of the freight forwarding operations of the Sri Lankan conglomerate John Keells Group on 1 October. Th...
4PL Central Station opens Dy Star Europe warehouse in Biebesheim near Frankfurt Dy Star Colours Distribution GmbH, based in the Frankfurt-Höchst industrial park (Germany), recently held an event with customers and logistics service provider 4PL Central Station...
Brand new A330-200F joining Turkish Cargo's freighter fleet The TC-JDR tail registered aircraft, which is joining Turkish Cargo's inventory as of today (9 October), will be deployed in the carrier's winter schedule network. The new equipmen...
Finnair banking on fuel economy and lower CO2 output The Nordic airline Finnair has selected Nordisk Aviation Products to provide its wide-body aircraft with lightweight ULDs, w...
G6 Alliance starts feeder shuttle between German ports and Gothenburg The partners of the G6 Alliance will start a dedicated G6 feeder shuttle from German ports to Gothenburg (Sweden) on 18 November. The port rotation of the servic...
'Nothing in principle wrong' with global claims True, but global claims often mask bad claims
Claims for sudden loss of power are running to millions of dollars UK P&I Club makes detailed analysis of more than 700 claims
Charter market split over footing the bill for fuel-efficient tonnage Cargill and other cargo owners may be calling for more efficient ships, but who is going to pay? Because there is already a chartering markets tug of war taking place over bunkers
Going round in circles Shipping cycle phases: from P/E to PE in a New York minute
Hellenic seals short period deals for two of its three bulkers AIM-listed owner keeps 2013 mostly uncovered to avoid locking in tonnage at low rates
AP Moller-Maersk targets oil and terminals Ten-year plan for $50bn gross investment sees conglomerate shift beyond shipping
APMT plans acquisitions to meet its targets Terminals business will invest $800m-$1bn in three or four new projects annually
Will Maersk split its business into separate listings? Analysts see clues in what the shipping giant did not say
JadeWeserPort signs first regular feeder operator Seago Lines is a sister company of shareholder APM Terminals
Loss-making lines 'in no position to start a rates war' Ceva Logistics boss gives a forwarder's-eye view of the Asia-Europe box trades
Greens press Hamburg government over Hapag-Lloyd dividend Opposition claims shipping line will delay promised pay-out until late 2014
Tokyo Gas plans to expand its LNG fleet Shipowners see threat in Japan Inc drive to control gas supply chain
Speculatively ordered LNG ships will struggle for long-term contracts Greek owners left vulnerable as China, Korea and Japan turn to home-owned tonnage
Stay vigilant As Asian growth slows, the region's central banks should boost their supporting role
Chemoil to sell Jurong Island terminal for $285m Glencore-controlled bunker supplier shifts to 'asset-light business model'
Contship Italia restructures to ride out the downturn Firm adjusts to poor domestic prospects as box traffic slows
'Major boxship loss' could wipe out insurance market overcapacity Cover for 18,000 teu vessel and lost cargo could reach $2.3bn
Africa's switch from charcoal stoves will lift LPG demand UN and World Bank push 70m people to turn to liquefied petroleum gas
China encourages private shipping firms to expand abroad Ministry of Transport issues guidance to support firms venturing overseas
Shipping economics just get worse Why is the industry so disconnected from its customer base?
AP Moller-Maersk unveils non-shipping focus at capital markets day Group targets less volatile markets in five-year plan for diversified growth
Cut and run Body count will rise as banks foreclose and sell or refinance firms at market levels
Brussels probes Cosco Pacific concession at Piraeus Investigation launched into Greek state aid for Chinese port management firm
Military protection 'put together at speed' is no solution to piracy Using the armed forces to protect commercial ships creates new problems, Confitarma chief tells conference
Private equity funding 'won't be mentioned' in two to three years Conference warned about short-term investors seeking high rates of return
P&I clubs wrong to turn their backs on war risks, says Standard Club chief Decision not to issue blue cards is a poor state of affairs, says Jeremy Grose
Geogas orders LPG carrier at STX O&S Swiss trader books 9,000 cu m tanker for $27m with option for one more
US box import surge seen US BOX imports will probably stage a late surge, partly in reaction to the threatened October docker strike being called off, a shipper forecast predicted today
Maersk's box ships skip Iran DENMARK'S APM, which halted tanker calls in Iran in February, today said its Maersk Line box ships would also boycott the country
Two terminals dominate US LNG imports THE US LNG import trade has dwindled to contract cargoes from Trinidad to Boston's Everett and Georgia's Elba Island, new government data confirmed
Wärtsilä's China plans frozen AN ENGINE venture has reportedly been stymied for Finnish manufacturer Wärtsilä and China's Jingsu CuiXing Marine Offshore Engineering
Top plans third split EVANGELOS Pistiolis-led Top Ships confirmed today it plans yet another reverse stock split, as its shares once again flirt with the $1 minimum
IMF warns on global economy THE IMF cut its global GDP and trade growth estimates today and issued a stern warning on recessionary risk
Specialised reefer groups seen frozen out SEABORNE trade in refrigerated products will grow in the next four years, but box lines will mainly benefit, not specialised reefer operators, a leading consultancy has predicted
Box exports drop 8.3% y/y from Asia in August BOX EXPORTS from Asia fell by 0.8% in August, and by 8.3% year on year, the UK consultancy Container Trade Statistics said today
OSM car carriers auctioned THREE arrested vehicle carriers belonging to South Korean car carrier player OSM Shipping have been auctioned in Singapore after the company failed to repay its debt
Breaking diverts to India INDIAN breakers are continuing to bask in improving fortunes, as weakening prices in Bangladesh persuaded many cash buyers to divert tonnage to India
APM stresses wide reach DENMARK'S APM, widely perceived mainly as a shipping conglomerate, pointed out today to investors and analysts it relies on its terminal, oil and gas operations to be central drivers of growth
Pirates beget 'floating armouries' NIGERIAN pirates are expanding their scope westward, which is becoming a major concern for insurers, according to a lawyer who focuses on piracy
Japan seen being pushed back to coal HIGH LNG prices might steer Japan back to coal, shipping analysts have cautioned
HPH Trust gets 'buy' from Maybank MAYBANK has given a 'buy' rating for its initiating coverage of HPH Trust, highlighting the company's "far too attractive" distribution yield
VLCC rates near year low BROKERS said today the benchmark Ras Tanura/Chiba VLCC rate is failing to improve even though China has resumed work after its weeklong National Day holiday
Port Tracker Reaffirms Import Forecast Imports at 10 top U.S. container gateways are expected to increase nearly 10 percent in October as merchants wrap up their pre-holiday shipping season, the National Retail Federation and Hackett Associates said in their monthly Global Port Tracker report. Containerized imports through the ports are expected to total 1.45 million 20-foot-equivalent...
Toyota suffers from island spat fall-out Anti-Japanese sentiment in China over the sovereignty of a group of uninhabited islands in the East China Sea has forced car maker Toyota to consider drastically ...
OOCL in winter schedule swap The Baltic feeder services of ocean carrier OOCL [Scan Baltic Express SBX] will be adjusted for the winter period in order the liner says, to offer 'an overall ...
Contship's new organisation Cecilia Eckelmann-Battistello, president of Contship Italia, the terminal operating, logistics and intermodal rail group, has announced that a new and simplified ...
Insurer overcapacity could be consumed by one major boxship loss The marine insurance market may be experiencing overcapacity in terms of current risks but future exposures could more than swallow up any capital available in ...
Navis upgrades TOS solution Navis, which is a specialist in developing terminal operating systems (TOS), has announced a further upgrade to its highly successful SPARCS N4 solution. According ...
World Bank forecasts stuttering growth in Asia The Washington DC-headquartered World Bank has published its latest review on the global economic situation, and it is predicting growth to slow by a full percentage ...
Satawu and RFEA to meet for talks today Despite the intense acrimony that has built up over the past two weeks between the South African Transport and Allied Workers' Union (Satawu) and the employers ...
Cargill's bulker blitz Cargill has fleshed out its period fleet with charters for three vessels in the past four trading days.
Golden cull awaits Golden Ocean has been tipped to cut its newbuilding orderbook in half in a move which will free up almost $100m.
Corinthian's cold charter ISP cruiseship wins new deal with Polar Latitudes for winter voyages.
GLDD scores a double Great Lakes Dredge and Dock has bagged a pair of contracts weighing in at over $30m.
Saved off Somalia Anti-piracy forces have come to the rescue of a seafarer injured on a Hafnia Tankers vessel off the Somali coast.
Rederi Gotland stronger Sweden's Rederi AB Gotland has boosted profit so far in 2012 as revenue rose.
Oh buoy An Isle of Wight ferry has smashed up a buoy off the UK after losing power.
Orfeas released The Greek tanker Orfeas , hijacked off Abidjan over the weekend, has been released without harm to the crew.
Mellquist in at RABT Helene Mellquist has been promoted to the top job at Rederi AB TransAtlantic's Industrial Shipping division.
Platt tips greater profit Tidewater is set to see profit improve this year as the offshore market pulls away from the trough, its CEO says.
Hurtigruten loses case The European Free Trade Association (EFTA) has backed a ruling that Hurtigruten received illegal state aid.
Keppel O&M reshuffles Michael Chia has been unveiled as the new managing director (marine) of Keppel Offshore & Marine.
KFS crew serve notice Kenya Ferry Services (KFS) workers have issued a strike notice that could paralyse the Likoni channel and Mombasa.
Isaac blow for earnings Fallout from Hurricane Isaac has led Credit Suisse to dim its third quarter profit forecasts for leading US offshore owners.
Dockers win deal Chilean port workers have ended their terminals strike after agreeing a new deal on pensions.
Nisshin sheds second MR Nisshin Shipping of Japan looks to have sold its second medium-range (MR) tanker this month as prices in the sector continue to feel the squeeze.
S&P sweeter on MISC Standard & Poors has raised its outlook on Malaysian owner MISC after the company announced plans to raise $1.7bn from the sale of a stake in an oil and gas unit on Friday.
Sentinel adds two more Singapore owner Sentinel Marine has returned to China for another two supply ship newbuildings.
Wilson delays Briclog buy Brazil's Wilson Sons has stretched the deadline to complete the purchase of compatriot offshore port services company Briclog.
Aban ties up rig India's Aban Offshore has seen its share jump after it won a new rig contract in Malaysia.
Daiichi plan pending Daiichi Chuo Kisen Kaisha is plotting further sales and newbuilding cancellations as it attempts to keep the lights on.
Double deal for Hellenic Hellenic Carriers has found short period contracts for two of its bulkers.
Chemoil offloads storage Chemoil is selling its oil storage facility in Singapore as part of a move towards a more asset-light strategy.
Vinashin revenue plunges State-run Vietnamese shipbuilder Vinashin has seen revenues plunge in the first three quarters of 2012.
Flaminia crewman dies A Filipino crewman injured three months ago in the MSC Flaminia fire has died in Portugal.
Geogas adds another Switzerland-based Geogas has ordered a new LPG carrier at STX Offshore & Shipbuilding in Korea.
Chartworld sells cape Chartworld looks to be down to just one capesize bulker after selling an eighteen-year-old unit for scrap.
SFI eyes bond market Ship Finance International looks set to tap investors for more funds less than a week after issuing new shares.
Candies gets 5 year fix Oceaneering International has entered into a five-year charter for a subsea support vessel from compatriot Otto Candies LLC.
Port Klang prang A German feeder containership and a Japanese panamax bulker have collided off the Malaysia's Port Klang.
NEWSFLASH: Pattullo to step down as CEVA CEO John Pattullo will retire as chief executive officer of CEVA Logistics, effective Oct. 12, the company announced Tuesday.
INTTRA enhances platform integration, booking process
U.S. bribery charges for CBP officer, associates
House Committee chides Chinese telecom giants The committee report released Monday said Huawei's "assertions denying support by the Chinese government are not credible." Huawei and ZTE were dinged in the report for disregarding intellectual property rights.
Trucker buys OOCL chassis, eyes national co-op Memphis, Tenn.-based IMC Cos. has acquired more than 1,500 container chassis from OOCL (USA) and is speaking with other trucking companies about creating a pool to buy chassis from other ocean carriers.
Saathoff leaves Freeport for Houston Port Authority She recently withdrew her name for consideration as the permanent port director and resigned her post to take advantage of the opportunity in Houston, Bill Terry, chairman of the Port Freeport commission, said.
Washington Notebook: Asia-Pacific slow growth expected, World Bank says
Drewry sees continued reefer trade growth The research firm forecasts continued growth in perishable reefer cargo for 2012, and said "beyond that, population growth levels and GDP levels will see trade increase at an average rate of over 4 percent a year to 2016."
Bunker prices continue falling in Fujairah Fuel oil avails were good in most markets.
MGO prices show gains across Europe But fuel oil stays on downward path.
IMO to update GHG estimate Figures from the 2009 GHG study are out of date as they fail to take global economic downturn into account.
Bunker sector wins new concessions More developments in India to promote Kochi as a bunker hub.
Recovery next year, in India SCI chairman believes Indian shipping market will bounce back next year.
Attempt to block ECA enforcement branded 'callous' 'Without ECA rule, pollution from ships burning dirty fuels will continue to cause severe health problems,' say US environmentalists.
French port hit by strikes Protest fuelled by fears of job losses.
Stolt-Nielson tanker division posts loss 'Overall market conditions remained soft,' says group CEO.
South African strike threat fades But biggest union remains on strike.
Saudi minister soothes oil markets Oil state will continue to work on moderating prices.
Mixed outlook at key ports Supplies of bunker fuels were fine at key Asian ports on Tuesday.
Philippine authorities suspend shipping firm's operations Ferry lost power while trying to switch between different bunker fuels.
Chemoil sells Singapore terminal to Oiltanking for $285 million Structural changes in the marine fuels market favour asset-light business model, says Chemoil.
LNG as marine fuel 'all about collaboration' 'There has to be a group of stakeholders who want it to happen,' says Lloyd's Register analyst.
Dual-fuel engines with electric propulsion 'more efficient' Solution able to increase cargo capacity by 3 to 5% due to optimised engine layout, says GE.
BP adds low sulphur to Singapore operation Move meets ECA need for low sulphur material, says company.
Brightoil makes 'advances' in upstream business Plans to 'actively explore' business projects to enhance its leading position in the industry.
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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