TUI to agree to Hapag-Lloyd deal German travel and logistics group TUI looks set to agree on the sale of its stake in container shipping company Hapag-Lloyd to the majority shareholder, the Albert Ballin consortium, this week.
IMO pledges support to Philippine maritime efforts in Manila UNDERSCORING the Philippines' importance as the largest supplier of seafarers in the world, IMO (International Maritime Organisation) secretary-general Koji Sekimizu visited the Philippines from Feb 7 to 8, his first official mission to a member state since he took office at the start of January.
New video shows chaos on doomed cruise ship Newly-released video footage of the bridge of the Costa Concordia moments after it hit rocks and keeled over shows the cruise liner's captain reacting almost casually as disaster unfolds.
Broekman Group in Rotterdam appoints new CFO Diederik Günther will be employed as CFO of the Rotterdam-based Broekman Group with effect from 1 April. Raymond Riemen (CEO) and Diederik Günther jointly form the statutory execu...
PCC Intermodal planning new connection to the Adria The Polish intermodal operator PCC Intermodal plans to launch a connection on the north-south corridor. The first train should run from the Baltic Sea to the Adriatic coast in spri...
Otto Scerri enlarges fleet with new Renault trucks Otto Scerri SA is a Castione (Ticino)-based Swiss company that is active in the production, sale and transport of aggregates, as well as well in the excavation business. To support...
GLS raises prices on 1 April On 1 April, the GLS group is raising its prices by an average of 4.5% for dispatching domestic and international parcels. The prices for private consignors - in the GLS parcel shop...
Eurotunnel Group 2011 increased revenues and transport performance In 2011 the consolidated revenues for Groupe Eurotunnel reached EUR 844.8 million, an increase of 16% compared to 2010 (11% like for like). The number of truck shuttles grew by 16%...
Pantos Logistics opens new logistics platform in Thailand Pantos Logistics has opened a new logistics centre in Laem Chabang (Thailand), to bolster its local warehousing and distribution business. The newly opened 10,000 sqm logistics cen...
Man Truck & Bus expanding in Saudi Arabia The German vehicle manufacturer MAN Truck & Bus has expanded its Saudi operations by launching a new unit in Riyadh. The expansion is a response to increased market demand for ...
Ipsen Logistics granted AEO-F certificate Ipsen Logistics, a global transport and logistics service provider based in Bremen (Germany), will be granted the status of authorised economic operator (AEO-F), which combines the...
Envirotainer wins IQPC's Cool Chain Excellence Award for 'Innovation in Quality Distribution' Envirotainer, which pioneered the world's first 'active' temperature-controlled air cargo container, has won the "Cool Chain Excellence Award for innovation in quality distrib...
Etihad Airways exceeds 2011 target Etihad Airways, the national carrier of the United Arab Emirates, reported a 2011 full year ebit of USD 137 million, on revenues up 36% to USD 4.1 billion (2010: USD 2.98 billion)....
Air Charter Service opens new branch office in India Air Charter Service (ACS), a global provider of passenger and freight charter flights, has opened a branch office in the port city Mumbai in western India. Charter services in Indi...
Huanghua Port in China opens another two new container berths Two additional berths for container vessels have been put into operation at the port of Huanghua's multi user terminal in Bohai Bay (China). The port's capacity will thus be incre...
Petkim to build new container port in Turkey Turkey's ecology and urban planning ministry has given Petkim the green light for the construction of a new container port. Petkim, a major petrochemical company, got permission af...
VLCC market to be hardest hit by Iran insurance regulation Daily exports of 2.3m barrels is equivalent to one VLCC shipment, so where will the alternative employment come from?
Take care when trying to limit liability Owners seeking to limit liability in marine casualties need to keep a close eye on local law
We must find the culprits to blame for There is a good argument to have every piece of complex, onboard modern technology tested for compliance before it is handed over to the shipowner
Maritime technology must deliver on its promises New IMO convention raises questions over responsibility for non-compliant technology
South Koreans muscle in on ballast treatment market A number of the South Korean systems are closely linked with the country's shipbuilding facilities
Certificate deadlines add to bottleneck Shipowner groups urge a staggered solution
Strength in numbers German feeder and bulk co-operatives buy time before they face the wrath of Brussels
Hamburg overtakes Antwerp as Europe's second-largest box port German port reclaims the position lost in 2009 after 14.2% rise to 9m teu in 2011
Lantern brings $55m Rule B case against BLT in Connecticut Creditor targets local arm Chembulk and Deutsche Bank
Qatar Shipping Co buys Maersk stake in two LNG carriers it charters Vessels to be renamed Milaha after parent company, the former Qatar Navigation
Excel fixes four kamsarmaxes on 10-13 month charters Deals lift charter coverage to 53% despite continuing volatile dry bulk rates
Secondhand buyers wait for dry bulk asset values to fall Demand is building below the surface of a quiet sale and purchase market
15-year-old MR tanker sells for small premium over scrap value Small product tanker market fixed secondhand deals last week
OOCL exercises purchase options Two post-panamax containerships to be acquired from ER Schiffahrt at a reported $27m each
Tanker exodus from Iran starts in response to EU sanctions If operators cannot find insurance they will have little option but to pull away
Restore shipping ministry, Georgiadis tells Greek PM Minister lost his job after coalition partner withdrew support for budget cuts
Shipbreaker cherry picking sees demolition rates soften Prices fall $15-$20 per ldt across the Indian subcontinent
APM Terminals to build 3m teu port at Petkim Petkim Petrokimya a partner in Turkish container and general cargo hub
Britain to review oilspill response plans by end of year Changes will reflect end of emergency towing vessel cover
First Olsen settlement deepens Nordic American loss Non-delivery of newbuilding is good news, company says
Better omens Some intrepid investing can brighten a dark year
Time to move on Why carriers should look at index-linked pricing
China detains South Korean chemical tanker for alleged pollution Fortune Marine vessel FC Gloria held after phenol leak creates panic in Yangtze River city of Zhenjiang
Rickmers Maritime is back in the black But Singapore shipping trust warns of tough year ahead in the face of overcapacity
Institutional quintet corners more than 33% of OSG stock Value investors crowding in at bottom of market, says Morten Arntzen
China shipyard blast kills three 12 injured as sparks ignite gas
Singapore container volumes up 5.3% in January Robust figure beats last year but signals a fall-off from December
South Korea's box volumes rise 7% to hit record January high Transhipment growth offsets falling exports and imports
NOCC buys secondhand car carriers Company to raise $28m in new equity to fund the purchases
Port of London reports 1.5% increase in annual throughput Construction materials surged last year
Mexican oil ports shut TWO OF Mexico's three main oil export hubs in the Gulf of Mexico remained closed today because of stormy weather
Concordia lightering starts SALVAGE workers have reportedly started removing fuel from Costa Concordia, capsized since it ran aground off the Italian coast a month ago
Fredriksen plans VLCC orders - at his price NORWAY'S John Fredriksen, the biggest shareholder in VLCC and Suezmax operator Frontline, is prepared to pay $85M for new-order VLCCs, analyst Erik Nikolai Stavseth said today
NAT keeps losing NAT TODAY reported a higher quarterly losses than expected and confirmed it had settled the Nordic Galaxy newbuilding dispute
Bharati profits fall 93% INDIA'S second-largest builder, Bharati Shipyard, today reported a 93% year-on-year drop in quarterly net profits
PNG plans ferry inquiry PAPUA New Guinea's government has reportedly announced an inquiry, led by Australian authorities, into the fatal sinking of the ferry Rabaul Queen
Yard blast kills three CHINESE investigators are working today to establish how sparks ignited an explosion at Nanjing Wujiazui Shipbuilding, killing three workers, the China Maritime Service Network said
Rough patch seen for product tanker earnings GROWING newbuilding deliveries are eroding earnings in the product tanker market on both sides of the Suez, broker EA Gibson said today
MOL booking might hint softening for VLCCs MOL APPEARS to have somewhat beaten the softening VLCC spot market, with one of its VLCCs booked by Koch of the US for $20,000 per day for a year, brokers told Fairplay
Olso car carrier adds to fleet OSLO-based Norwegian Car Carriers (NOCC), formerly known as Eidsiva, has agreed to buy vehicle carriers from an undisclosed seller
Hanoi gives VINALINES restructuring orders THE VIETNAM Ports Association said today Prime Minister Nguyen Tan Dung has issued instructions for the restructuring VINALINES subsidiaries
China's box exports squeezed THE RISING yuan is making it harder for liners to raise freight rates, which is challenging the export sector, securities firm UOB Kay Hian warned today
Rickmers MT returns to profit SINGAPORE-listed Rickmers Maritime Trust returned to the black with net profits of $40.33M for 2011, reversing losses of $28.55M for 2010
Japan's Soma returns to coal business JAPAN'S port of Soma welcomed its first coal shipment since the March quake crisis last year
Oakajee sale clears final hurdle in Oz SHAREHOLDERS of Murchison Metals have voted to approve the sale of its stake in Western Australia's Oakajee Port & Rail Project to joint-venture partner Mitsubishi
APM Terminals to Operate, Expand Turkish Terminal APM Terminals signed a preliminary agreement with Petkim Petrokimya Holding to operate a Port of Petkim terminal and expand the...
Diesel Prices Rise at Sharpest Pace in Three Months Diesel prices across the United States increased at the sharpest pace in nearly three months in the week ending Feb....
House Plan Would Bankrupt Highway Fund, Report Says An analysis by the Congressional Budget Office estimates the Republican-backed surface transportation plan would cause a $9.4 billion shortfall in...
Labor Attorney, Lidinsky Receive FMC Nomination A maritime labor representative has been nominated to the Federal Maritime Commission for the first time and the existing chairman,...
Teamsters Ramp Up Organizing Efforts at Seattle Rally The Teamsters union Monday ramped up its organizing efforts among port drivers in Seattle with a rally for owner-operators in...
C.H. Robinson Adds 500 Intermodal Containers C.H. Robinson Worldwide is putting 500 new intermodal containers into its U.S. shipping network as the freight broker seeks to...
Obama Wants to Hike Annual Transport Budget $30 Billion President Obama's 2013 budget calls for nearly $30 billion more on transportation infrastructure annually than the roughly $50 billion sought...
Transport, Communications Unions Form Alliance The Transport Workers Union of America and the Communications Workers of America are teaming up on bargaining and organizing efforts...
IMB Warns Ships Off Nigeria After Deadly Pirate Attack The International Maritime Bureau is warning vessels to stay clear of waters off Nigeria after pirates killed the captain and...
Asia Air Freight Rate Index Turns Upward Air freight rates for Asia outbound shipments rose 4.6 percent in January over the same month a year ago, the...
Rickmers Maritime Swings to $40.3 Million Profit Container ship owner-charterer Rickmers Maritime posted a $40.3 million net profit for 2011, reversing a $28.6 million loss in 2010,...
CEVA Launches Houston Outbound LCL Services CEVA Logistics will launch two less-than-containerload services this month from Houston to Singapore and Jebel Ali, the United Arab Emirates,...
Japan Economy Shrinks 0.6 Percent on Weak Exports The Japanese economy shrank 0.6 percent in the October-December quarter from the preceding quarter and 2.3 percent year-over-year, as weak...
APL Adds $750 to Asia-Europe Rates APL is joining the container shipping drive to push up pricing on shipments from Asia to Europe, announcing it will...
TUI Expected to Sell Hapag-Lloyd Stake This Week German tourism group TUI is set to sell a fresh tranche of shares in Hapag-Lloyd this week to the Albert...
India Export Growth Hits Three-Month High India's exports in January increased 10.1 percent year-over-year to $25.4 billion, the fastest growth rate in three months. Exports...
Taking the High Road Among state transportation officials, it's an inside joke. The absence of a federal highway program is taking states back to...
For the US, a Buyer's Market? Aging cars require replacement parts and generate new-vehicle sales. When people move, they tend to buy new furniture. And when...
Schneider Switches Gears, Modes Schneider National helped create the template for the long-haul truckload carrier in the decades after trucking deregulation in the 1980....
When 53 Feet Stretches Cross-Country Rising labor costs in Asia. Fuel prices at record winter highs. Asian currencies revalued upward. For retailers and direct importers,...
Air Freight's Imbalanced Expectations The trans-Pacific market appears to have flipped. In a reversal of the established traffic patterns of the past three decades,...
Keeping Up With the Jones Act We're all accustomed to reading articles, opinions and editorials on the plight of the global markets and the carriers involved....
FAA Authorization Bill Gets Wings The Federal Aviation Administration will finally be able to bring the country's air traffic control systems into the modern era,...
Barely Positive Train Control The government might give railroads another five years to install costly crash-avoidance technology because the industry is on track to...
Heavier Trucks Go Off-Road Bigger, heavier trucks just can't stay on the road in Congress. A provision in the original House transportation...
Ramping Up Dredging Support For what may be the first time, the U.S. has a transportation bill that acknowledges some goods move on the...
Who's Who Among 3PLs There's no shortage of challenges for global third-party logistics providers. Market volatility - from Europe's sovereign debt crisis and imminent...
Supply Chain Synchronicity The past few years have brought radical changes to the supply chain management world. The climate in which companies operate...
All Systems Go, If Visible The IT capabilities shippers value most are directly related to execution-oriented activities and processes such as transportation, warehouse/DC management, electronic...
Africa Opens Up Ten of the world's top-ranked emerging markets are in Africa, according to Agility's 2012 Emerging Markets Logistics Index. Damco...
Thinking Globally, Acting Locally Third-party logistics providers may approach emerging markets in different ways, but one thing is certain: Doing business in them isn't...
APM Terminals to establish new terminal outside of Izmir APM Terminals and Petkim Petrokimya Holdings have agreed to build a container terminal next to Petkim's petrochemical terminal in the port of Aliaga, just next ...
Vietnam container growth slows Ports in Vietnam encountered a much slower performance in 2011 than they did in 2010 with the total number of containers handled edging up about 7% to 7.06 million ...
Carriers' claims processing unsatisfactory, says Containerisation International's Asia shipper panel
New ships join Safmarine fleet Safmarine has phased into its operations two new ships, including the first of 3 x 4,500TEU WAFMAX units owned by the AP Moller Maersk group but painted in the ...
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UK trade gap narrows as imports decline The UK's imports declined sharply in December to narrow the nation's trade gap in goods and services to GBP1.1 billion - compared to GBP2.8 billion the ...
Barloworld to offer terminal solutions Barloworld Handling of the UK has announced that its team of ports and terminals specialists is prepared to offer free advice and site surveys to companies/facilities ...
Substantial progress on EU/India FTA The final details of a free trade agreement [FTA] between the European Union and India are being negotiated which could see bilateral trade double from last year's ...
Pirates take bulk carrier The EU NAVFOR has confirmed earlier reports that a 22,051dwt Liberian-flagged bulker, en route from Egypt to Singapore was pirated last week and is now under the ...
APL to start phasing-out chassis in US APL has announced that it will begin phasing-out its US fleet of cargo container chassis during the first half of 2012.The Singapore-based shipping line said it ...
Global Vision Bunkers announces new appointment Jiang Zehua begins with immediate effect, and brings with him a wide experience of the local Singaporean market having worked for Onsys and Brilliance Marine.
New research could change the operation of diesel engines Looking to provide 'game changing solutions' for the world's merchant shipping fleet to improve the combustion process.
Prices mixed in Rotterdam, Hamburg Average demand and avails in Piraeus.
Prices softening in Fujairah Low bunker demand in Fujairah.
Contract signed for 'largest ever' marine scrubbing system Retrofit of fully integrated scrubber system will clean the exhaust gases for the main, as well as the auxiliary engines, of the vessel.
Black Sea: Ice-free ports see spike in bunker demand Georgian supplier says 'adverse weather' is disrupting ports further north.
LNG bunker vessels key to commercial development LNG as marine fuel 'will rapidly see a decline in commercial interest' unless bunkering can mirror HFO supply procedures.
Singapore bunker sales down month-on-month Trader blames 'triple whammy' of high bunker premiums, high crude benchmarks and weak freight rates.
High viscosity fuels accounting for a quarter of samples above 3.50% sulphur Overall share of fuels testing above global sulphur limit shrinks further though some ports see ongoing problems, DNVPS data shows.
Iranian bunker volumes continue to decline Latest figures point to another year-on-year fall.
Asian bunker prices generally down Demand generally average at Asian bunkering hubs.
Shipping tycoon eyes new fuel efficient tankers Improvements in ships' bunker consumptions will make investment 'worthwhile,' says John Fredriksen.
Aegean bunker fleet to install hull inspection software Hull Inspection Software to ensure more efficient vessel inspections while minimising costs.
Legal firm predicts more shipping insolvencies Lenders less tolerant of persistent defaulters, increase enforcement of troubled loans, says partner at Norton Rose.
180 cSt stocks improving at Far East Russian ports Oil terminals discharging 180 cSt cargoes with 'less delays' due to improved weather, traders say.
Buckeye full year profit surges on acquisitions Largely due to acquisition of BORCO and assets from BP North America.
New Moroccan oil terminal focuses on bunkering Mission is to supply bunkers to vessels within and outside port limits, says local port authority.
Debunkering operations start on stricken Costa Concordia Operations will take 28 working days subject to weather conditions, says salvors.
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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