Baltic index up for 12th day, smaller vessels firm The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, ended the previous week on a high as it climbed for the 12th consecutive day, as higher rates for smaller vessels countered weakness in capesizes.
Most top shipping banks stop lending to industry Thirteen of the world's 19 largest shipping banks stopped new lending to the industry amid an 'extreme' vessel surplus that's cut cash flows and led to vessel seizures, financier DVB Bank SE said.
Menlo Worldwide Logistics announces new leadership for North Asia Thomas Pan has been promoted to managing director, North Asia, for Menlo Worldwide Logistics (China) and Leong Choong Cheng has simultaneously been appointed deputy managing direct...
Hong Kong Airlines to stop live dolphin shipments Hong Kong Airlines has agreed to stop transporting live dolphins on its cargo planes after coming under pressure from the public. The carrier has promised to make a donation to a c...
Final approval for four lanes on national highway in northeast India The Indian Cabinet Committee on infrastructure has approved an investment proposal to widen a 132. 5 km long section of the national highway 200 between Chandikhole, Dubari and Ta...
Jungheinrich adds to range of forklift trucks Germany's Jungheinrich Group, one of the world's three largest suppliers of industrial trucks, warehousing technology and materials flow technology, has launched new additions to i...
Group Eurotunnel reports strong growth The Eurotunnel Group recorded strong growth in revenues to EUR 845 million (+16%) in 2011. Approximately 17.7 million t of freight passed through the Channel tunnel that year. Afte...
Jet Aviation appoints new general manager for Singapore affiliate Jet Aviation recently selected Gary Dolski to be new vice-president and general manager of the company's MRO and FBO facility in Singapore. The post includes responsibility for the...
New CEO of Svitzer Svitzer has named Robert Uggla as its new CEO with effect from 1 May. The company, which is represented in more than 100 ports worldwide, has some 4,500 employees and operates a fl...
Canadian railways increase car loadings Canadian railways carried 25.8 million t of freight in December 2011, up 11.5% from December 2010. The gain was the result of increases in both domestic and international cargo loa...
Budapest Airport: Turkish Cargo expanding further Turkish Cargo raised the number of its weekly flights to Budapest to two on 1 March. The subsidiary of Turkish Airlines sees significant potential in the Hungarian market and plans...
Boeing celebrates 1,000th B777 The US plane maker Boeing celebrated the 1,000th B777 at a special event last week. The 1,000th B777 jetliner will be delivered to Dubai-based Emirates, the programme's largest cus...
Volvo delivers 5% more trucks Volvo Trucks' deliveries for January 2012 rose by 5% to 6,822 trucks, compared with the year-earlier period. In total, deliveries in Europe amounted to 2,961 trucks in January, up ...
Gefco extends partnership with Dacia The French transport service provider Gefco, a partner of Dacia since 2008, has set up a multi-modal logistics solution for the car manufacturer that combines rail and road transp...
India plans investments in Indian ports India has revealed plans to build seven new ports costing some INR 7.6 billion by 2017. According to Rakesh Srivastrava, joint secretary of the ministry of shipping, two-thirds of ...
MSC has biggest fleet of very large container vessels The Geneva (Switzerland)-based Mediterranean Shipping Company (MSC) operates by far the world's largest fleet of very large container vessels. The company recently put its 43rd con...
Other box routes could follow Europe-Asia rate increase Container lines' customers are accepting of surcharges
Japan one year on: energy changes benefit shipping Record LNG imports and crude oil consumption is on the rise, both boosting global vessel demand
Size of new capesize ships set to explode Large capesize bulkers present a capacity challenge for ports
Small choice of ports for big bulkers The list of ports that can handle large bulkers is short
Rickmers eyes sale of older vessels Tramp owner denies three ships already sold, with 15 more going on market
ND Overseas has global ambitions French trucking group expands worldwide ocean and airfreight forwarding presence
Inttra sees 24% rise in its web-based service E-commerce ocean freight bookings provider records 22.4m container transactions
Looking into the crystal ball Deutsche Post DHL examines five different scenarios of the world in 2050
Let there be transparency Clarity is crucial when it comes to investigating casualties
Suezmax Atlantic rates stymied by reduced US oil imports Reduced delays in Turkish straits pressure Mediterranean rates
Greek owners have marginal share in bond haircut Owners could lose "a few million here and there", but may also have indirect exposure through Greek banks, say financial sources
Rich list shows rising offshore tycoons and demise of old shipping money Forbes names John Fredriksen and the Ofer brothers the world's wealthiest shipowners
Ibero and Costa woes hurt Carnival's first-quarter bottom line Company issues weaker annual profits guidance, but Micky Arison seeks to focus on the future
Master pleads guilty to drink charges after ferry collision Polish national remanded in custody in Northern Ireland
Prosecuting pirates War against piracy needs work on the ground
DVB ready to repossess, says Lunde Yet conservative lending means few loans go wrong, bank insists
Welcome voices Does the heightened discussion about shipping in China signal a government move?
Torm sells MR tanker as restructuring looms Vessel sold at $15m loss to reduce company debt
Richards Bay trade booms as India imports more coal More cargo but fewer miles for bulk ships
US gasoline demand decline to lead to more product tanker triangulation Latin American boom drives US oil product exports
Firearms restriction is big issue for training armed guards UK law in conflict with international code and could mean corners are cut, says director
TBS joins queue of claimants suing Allied Maritime Latest Rule B filings centre on tweendeckers surrendered to RBS in December
Capesize rates hover despite increased demand Oversupply of tonnage absorbs influx of Australian iron ore majors' inquiries
HCI Capital faces €15m net loss KG house expected to report negative result as market heads for crash
CMA CGM must boost liquidity says Standard & Poors Rating agency downgrades line and warns it to bolster cashflow or face another cut
Faster route to cutting CO2 emissions Super-electro-magnetic propulsion should reduce shipping's CO2 imprint to zero
China Shipping demands more government support Chairman seeks legal protection and higher tax credits
Dockworker unions brace themselves as automation comes to LA Exclusive Lloyd's List interview: US west coast prepares for new era post-Panama Canal expansion
K Line leases three capsizes to JFE Steel Newbuildings fix 15-year time-charter deals
Carnival vows to resuscitate Costa CARNIVAL execs underscored today that they will stand by their Costa brand despite its negative $500M swing in 2012 earnings
Lunde plays down shipping consolidation DVB BANK'S shipping boss Dagfinn Lunde today played down predictions that the sector is heading for more consolidation
TBS enters Allied fray TBS International, which is in Chapter 11 bankruptcy, has joined the queue of counterparties suing Greece's Allied Maritime
Concordia rocks Carnival results CRUISE giant Carnival Corp today said it has swung to losses and faces significant fallout from the Costa Concordia tragedy
Torm sells ship at loss DS TORM OF Denmark has agreed to sell the MR product tanker Torm Lana at a loss of $15M
Collision captain pleads guilty to being drunk A CAPTAIN reportedly pleaded guilty today to being drunk when his general cargo ship collided with a ro-pax in Northern Ireland
Auckland imposes private contractors at ports A BITTER port labour dispute today led to Auckland deciding unilaterally to contract out its box terminal stevedoring
Could boxes return to 2010 level? ASIA/EUROPE box rates could hit 2010's exceptional levels this year if operators succeed in their next round of general rate increases, a shipping analyst predicted today
Supramax rates rebound SUPRAMAX bulker rates are turning around across the board, with the Atlantic market improving
Veolia hints it might unload stake in SNCM VEOLIA has indicated that it could be ready to sell its controlling stake in its Mediterranean ferry subsidiary SNCM to Corsican authorities for a symbolic price of €1 ($1.32)
VLCC fixture surge boosts rates VLCC RATES turned around in the past two days, with charterers rushing to cover the last week of March and looking to early April
Inland Waterways User Fee on the Table The Obama administration is once again proposing a new user fee to pay for capital investments in the inland waterway...
US Trade Deficit Hits Three-Year High at $52.6 Billion The U.S. trade deficit rose to a three-year high of $52.6 billion in January as a 2.1 percent jump in...
Trucking Hiring Rose 3.7 Percent in February The trucking industry increased hiring 3.7 percent year-over-year in February, a slower pace than in January, according to the Bureau...
Maersk Announces Mideast-South Africa Service Maersk Line will launch MISA, a liner service linking key ports in the Middle East and South Africa. The...
YRC Worldwide Sells Stake in Chinese Freight Hauler YRC Worldwide sold its stake in Chinese trucking operator Shanghai Jiayu Logistics as it pares its business back to its...
Senate Weeds Through Transport Bill Amendments The Senate on Thursday worked through seven of 30 amendments to its two-year $109 billion transportation bill, including two of...
New 13,000-TEU Ship Delivered to Seaspan Owner-charterer Seaspan Corp. has taken delivery of the fifth in a series of container ships with capacities of 13,100 20-foot...
Trans-Pacific Air Cargo Rates Rise on Increased Demand Trans-Pacific air cargo demand is surging, driven by the launch of new high-tech products such as Apple's iPad 3. ...
Taiwan-China Ro-Ro Service Sets Sail The first roll-on, roll-off service between Taiwan and mainland China is now operating, signalling further liberalization of transport across the...
TNT, Emirates SkyCargo Sign Space Agreement A new deal between TNT and Emirates SkyCargo will boost capacity on air cargo routes from Asia to Europe and...
Judge Puts Bridge Project in Hands of Michigan DOT A Wayne County judge in Detroit on Thursday ordered the Michigan Department of Transportation to take over and complete a...
Standard & Poor's Downgrades CMA CGM on Liquidity Concerns Standard & Poor's downgraded CMA CGM's debt to B- from B+, citing concerns over the French ocean carrier's liquidity position...
A Tenuous Balance The mood among maritime industry executives gathered in Long Beach last week for the 12th annual Trans-Pacific Maritime Conference was...
ILA @ #TPM2012 If the Twitter-sphere at last week's Trans-Pacific Maritime Conference made noises, it would have sounded like popcorn on a stove,...
Crowd Pleaser Maybe it was the Southern California setting, but Harold Daggett's performance at last week's Trans-Pacific Maritime Conference left me thinking:...
CMA CGM Raises Rates Again on India-Europe Service CMA CGM imposed a general rate increase on westbound cargo moving on its Epic service from India to North Europe...
Grand Alliance to Shift From Seattle to Tacoma The game of musical chairs in the Pacific Northwest will continue this summer when Grand Alliance carriers NYK Line, Hapag-Lloyd...
Marguisa starts new Antwerp/Equatorial Guinea service Madrid-based Marguisa Shipping Company has complimented its existing container and ro-ro services between Europe and West Africa by starting a new link, principally ...
Eurozone 'in mild recession' With the Greek bail-out deal taking the contagion heat off the eurozone for now, attention is turning to how some of the weaker single currency states can still ...
DP-DHL improves profitability The world's largest logistics agent Deutsche Post-DHL improved its profitability in 2011. Its revenue increased by 2.8%, up to EUR52,829 (USD68,414) million, out ...
Four idled VLCS units in latest mothballed boxship report Latest data from Alphaliner on idled boxship tonnage identifies 4 x 10,000TEU plus ships that are awaiting re-deployment, and eight post-panamax 8,000TEU ...
Fitch remains firm on DP World The London-based credit ratings agency Fitch Ratings has assigned a generally stable rating on DP World's debt, maintaining its BBB scores on the group's long-term ...
HMM targets Latin America; advocates move away from 'wild oscillating' rates The transatlantic and US-South/Central America trades have been targeted as growth areas by Hyundai Merchant Marine (HMM), its North America VP David Arsenault ...
Safmarine's optimism Moves by shippers/consignees to rationalise their service vendors, plus an increase in import traffic, have been singled out by Barbara van Rensburg, Safmarine's ...
ICG set for another 'challenging year' as profits tumble Dublin, Ireland-headquartered, Irish Continental Group [ICG], said it faced a challenging year after posting pre-tax profits down 30% in 2011 to EUR28.2 (USD37.3) ...
TBS enters Allied showdown Bankrupt tweendecker owner joins fierce race to freeze embattled Greek operator's Illinois assets as claims swell.
Carnival makes losing start US cruiseship giant's first quarter result turns red as it books charges for Costa Concordia and Spanish operation Iberos.
Ezra moves for funds Singapore-listed owners opts for a share placement to back subsea growth.
Concordia stuck for a year Costa Cruises says wreck removal could take up to 12 months as it evaluates short-list of salvors.
SCI ditches two more State-owned shipowner offloads older handymax and chemical carrier.
DVB devours comfort crumbs Dagfinn Lunde says bank has no fear about taking control of vessels as he backs all new ships to find funding.
Two more sold by Torm Danish owner follows up Torm Lana sale with deals for MR sisterships to Minerva Marine and Chinese interests.
Prabhu Daya seafarer arrested Police accuse first and second mate of Tolani Shipping-owned vessel allegedly involved in fatal collision near India.
Solvtrans goes Spanish Oslo-listed fish carrier owner places a NOK 240m order at Astilleros Zamakona.
He should have gone to Specsavers Why Captain Schettino wishes he had a spare pair of glasses, and why shipping masochists shouldn't beat themselves up.
Tacoma beats out Seattle Grand Alliance said to have opted for Tacoma over Seattle as its port-of-call in the US northwest.
Bunker prices uncertain as week ends Oil ended at its highest level this week.
Industry executives forecast 'mixed year' in 2012 With higher bunker fuel prices, it now costs carriers approximately $2,500 to ship a forty foot container from Asia to the West Coast.
Carisbrooke Shipping looks for ways to reduce all ship pollution Choosing Thordon Bearings lubricated propeller shaft bearings due to 'no risk' of pollution.
US Navy vessel makes use of alternative fuel blend Trip made use of 25,000 gallons of a 50/50 algae-derived, hydro-processed algal oil and petroleum F-76 blend.
Which way will the EU Sulphur Directive go?
Distillate prices rally in Southern Europe Low sulphur avails in Hamburg a bit tight, player tells Bunkerworld.
Prices fall in the Middle East Player in Suez reports product available only from mid March.
Backward step for global sulphur limit compliance Latest data from DNVPS indicate improvements in some ports but larger share of samples testing above 3.50% sulphur elsewhere.
Sulphur regulations putting thousands of UK seafaring jobs 'in jeopardy' Maritime UK responds to Transport Committee report with call for low sulphur fuel availability studies prior to 2015.
Week ends with IFO prices down, distillates up at Asian hubs Supplies of bunker fuels fine at major ports in Asia, say regional traders.
Buckeye highlights risks in firm's BORCO operations BORCO vulnerable due to limited customer base, political risks and potential structural issues.
Car carrier with hybrid electric power supply technology launched Vessel able to realise 'zero' emissions in harbor, says Mitsubishi Heavy Industries.
EU directive must not go further than MARPOL Annex VI, say UK MPs But MPs also say operators 'could have been more proactive' as tighter emissions limits have been under discussion for many years.
NYK expands broadband system to help reduce CO2 emissions Move part of company's goal of reducing fuel consumption by 10% over five years.
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