PIL takes stake in Dalian shipyard FROM container shipping, Singapore's Pacific International Lines (PIL) has leapt into owning a shipyard for the first time.
TSA recommends fresh hike of US$400 per FEU A transpacific container shipping group has recommended a new rise in freight rates of US$400 per 40-foot unit (FEU) to take effect on April 15 in a bid to bring up rates from loss-making levels.
SAA increases service to Zambia Starting today (15 March), South African Airways (SAA) is increasing its service on Johannesburg - Lusaka (Zambia) route from 16 to 18 weekly. In addition to the South African Airl...
Horizon Lines appoints new vice-president in Puerto Rico The US carrier Horizon Lines has selected Richard Rodriguez as its vice-president and general manager for Puerto Rico. In this new role, he will be responsible for all on-island sa...
MOL to open new Singapore-Yangon SYX service The Japanese shipping company Mitsui O.S.K. Lines (MOL) and Thailand-based Regional Container Lines (RCL) are jointly launching a new service called SYX that will link Singapore an...
Spain: CAF's annual returns increase by 13% Construcciones y Auxiliar de Ferrocarriles (CAF), a Spain-based market leader in the design, manufacture, maintenance and supply of equipment and components for railway systems, re...
DB Schenker offers new intermodal transport capacity between Belgium and Italy DB Schenker is now offering new intermodal transport capacity between Belgium and Italy Semi-trailers can travel along the Antwerp (Belgium)-Novara (Italy) route now via intermodal...
Elvis AG lands transport contract for medical products Elvis AG, a European cargo alliance of global forwarders, has signed a major long-term international transport contract with Paul Hartmann AG. The agreement covers intercompany tra...
ICTSI: 2011 net income grew to USD 130.5 million Philippines-based International Container Terminal Services Inc (ICTSI) has reported consolidated audited financial results for the year ended 31 December 2011. The service provide...
Daimler North America recalling more than 100,000 trucks Daimler will recall more than 100,000 trucks in North America because of potentially faulty fuel lines. The recall encompasses models of Daimler's subsidiaries Freightliner, Sterl...
Strategic move between Saudia Cargo and Saudi National Shipping Company In a strategic move, Saudi Airlines Cargo Co and the National Shipping Company of Saudi Arabia have established a three-year agreement toward freighting NSCSA urgent goods and equi...
Heavyweight Air Express reports strong USA growth for Ethiopian Airlines Air cargo general sales agent Heavyweight Air Express recently reported its year-on-year traffic results for Ethiopian Airlines Cargo in the U...
Gefco is new logistics partner of Alpargatas The French logistics corporation Gefco has developed an individual solution for the Brazilian company Alpargatas, a flip-flops manufacturer that created the famous Havaianas brand....
Menlo Worldwide granted secure trade partnership by Singapore customs Menlo Worldwide Asia Pacific Pte Ltd, the global logistics subsidiary of Con-way Inc, recently received Secure Trade Partnership (STP) certification from Singapore customs. A volun...
Toll Group starts to fulfil gas transport and storage contract Toll Energy, part of the Australia-based Toll Group, has started to work on a AUD 45 million transport and storage contract, which is part of QGC's major Queensland Curtis Liquefie...
Busy US Gulf props up MR product tanker market Triangulation cuts costs between Europe, Atlantic and US Gulf
No regrets on Ecdis? In about four months the phased carriage requirements for the Ecdis will bite
Methodology at a glance Lloyd's List Intelligence offers comprehensive and transparent assessment of vessel lay-ups
One million teu idle by year-end Lloyd's List Intelligence expects inactive box ship capacity to hit 1m teu
Fears Libya is inching towards a new civil war New threat to oil supplies as Benghazi demands regional autonomy
Canines trained to sniff out crude oil Research shows dogs can detect oil up to 5km away
Chemical tankers eye biofuel opportunities High oil price could start biofuel boom, London conference is told
Has BG Group lost faith in Australia's coalbed methane? Decision to sell stake in Queensland Curtis LNG raises questions about extraction
Comment: splashing the cash? How do a reported rise in shipfinance and Cexim's credit lines scale up?
Exclusive: Economou to pull tonnage from Heidmar Greek magnate woos tanker charterers
Indian steel boom could boost coking coal imports But iron ore and steel trades might suffer
China deploys more domestic tankers Quest for energy security to reduce reliance on Middle East
BP investigates charter department bribery claim Whistleblower claims senior official took kickbacks for favourable tanker rates
The sun also rises for supramax trade Earnings rise as nickel ore chartering lifts Pacific market out of the doldrums
Sanko vessel sale rumoured Sanko Mineral reported sold for $20m
Rotterdam World Gateway queries ECT court action Consortium seeks answers over pending €900m compensation claim
Pacific lines plan third rate increase April rise brings total hike to $1,100 per feu
Essar will carry Iranian crude as long as viable Ramakrishnan also rejects criticisms of Indian protectionism
Slow support Despite appearances, new lending for shipping is on the rise, mostly from Asia
EU may relax Iran insurance ban Decision unlikely before April as July sanctions loom
Don't ban the cheap stuff Fuels with higher sulphur content may still be useful as prices continue to rise
Ministers disagree on proposals to ban high-sulphur fuel in Europe Shipowners would be forced to buy more expensive fuels if 3.5% content limit is agreed
Klein to head Blue Star Former chief of Germanischer Lloyd will lead shipmanagement giant
Eagle prepares for life after Korea Line Talks continue but 13 ships may exit original charters
Exclusive: China Eximbank pledges $20bn to Cosco and China Shipping Bank extends credit lines to state-owned conglomerates
Sanko turns to out-of-court debt restructuring Alternative dispute resolution seeks consensus
ISC agrees sale of two car carriers Deal with NCC to pay debt
'Turbulent' year drives down Boskalis profits Delayed investment decisions squeeze dredging firm's margins
Ship lending defies downturn Intriguing data suggests fewer funds from Europe offset by increase from Asia
Korea Line non-payment adds to Eagle Bulk woes Crunch-time for supramax specialist after loss-making 2011
P&I shift on Iran ahead? THE EU might review its hard-line strategy regarding P&I cover for vessels calling in Iran, a shipping analyst says
UK slips summons to Russia's big banana VLADIMIR Kekhman, controlling shareholder of Russia's biggest banana trader JFC, has been summoned to face contempt charges in the UK High Court
Eagle shares under pressure SHARES of NASDAQ-listed Eagle Bulk are falling today after the company offered no concrete guidance on its debt restructuring
Upside seen for offshore DNB BANK analyst Kay Lim said today stocks of offshore companies can still build on their recent price growth
India iron ore fixtures rise INDIAN iron ore fixtures have surged to a 2012 high as authorities cut rail freight charges to boost shipments, drybulk consultancy Commodore Research said today
VLCC owners hail surge OWNERS of VLCCs finally have cause for cheer, with rates surging because of a rush to cover loadings for the first 10 days of April
Jinhui's profits fall 29% JINHUI Holdings today said its net profits for 2011 dropped to HK$259M ($33M), 29% down on a year earlier
Study warns of Oz proposal's cost PROPOSED changes to Australian shipping laws would increase drybulk freight rates by up to 16%, according to new economic modelling
Clock ticks for Eagle NASDAQ-listed Eagle Bulk, which is nearing a deadline on its bank negotiations, has revealed that Korea Line is "not performing" under its charter agreement
LA Mayor Villaraigosa on Port's Carbon Footprint, Competition (Video) Mayor of Los Angeles Antonio Villaraigosa details how the port has become an industry leader in cutting its carbon footprint...
CP to Haul Additional 2 Million Tons of Frac Sand Canadian Pacific Railway will haul an additional 2 million tons of frac sand annually through a recently signed multiyear agreement...
Cargo Transport Via Waterways is Most Fuel-Efficient, Says Study Water transportation remains the most fuel-efficient way to transport goods, according to a new report from the Texas Transportation Institute....
US-South Korea Trade Pact Takes Effect The U.S.-Korea Free Trade Agreement took effect Thursday, giving American exporters greater access to the South Korean market. ...
UP Names Butler VP, Marketing and Sales Union Pacific Railroad tapped Eric Butler as vice president of marketing and sales, succeeding Jack Koraleski, who has taken the...
Guinness Shipments to US Soar 244 Percent Irish brewer Guinness is tapping a deep thirst in America, with U.S. imports of Guinness's trademark Irish stout soaring 244...
Lufthansa Cargo Tallies Second-Best Annual Profit Lufthansa Cargo's operating earnings fell to $326 million in 2011 from a record $406 million in 2010, but it was...
XPO Logistics Boosts Stock Offering, Sets $15.75 Share Price XPO Logistics increased its public stock offering by 2 million shares Thursday, putting 8 million shares of common stock on...
ICTSI to Operate New Terminal in Nigeria Global port operator International Container Terminal Services Inc. has been selected to operate a new container terminal near Lagos, Nigeria....
Maersk CEO: Ocean Carriers Have Idled 5 Percent of Fleet Container shipping lines have idled about 5 percent of global fleet capacity, or 800,000 20-foot equivalent units, as demand for...
Expansion in the Works at Indonesia's Tanjung Priok The controversial state-owned winner of a contract to expand facilities at Indonesia's Tanjung Priok says container handling capacity will double...
Long Beach Container Volume Declines Container volume in February at the Port of Long Beach declined 15.2 percent year-over-year. Imports from Asia were affected by...
Tanzania Revenue Authority introduces ECTS On March 12, the Tanzania Revenue Authority (TRA) introduced an electronic cargo tracking system (ECTS) covering all goods transported in both containers and loose ...
Dr Klein to manage Blue Star Holding Dr Hermann Klein has been appointed chief executive officer of Blue Star Holding, the company currently being set up to manage the combined fleets of E.R Schiffahrt ...
ICS 'impressed' with India's piracy strategy That was the message coming from the International Chamber of Shipping's [ICS] director of external relations, Simon Bennett yesterday, who was attending the first ...
South Africa's 2012 trade in positive territory Figures recently published by the South African Government suggest that from a trading perspective this year will be stronger than in 2011, but that progress could ...
CMA CGM to increase more rates Financially challenged CMA CGM has declared its intention to increase freight rates in the tradelane from Western Asia (Indian Subcontinent and Mid-East Gulf) to ...
10% jump in US imports underscores TSA's ambitions According to the latest monthly report by Global Port Tracker [GPT], March imports into the major US retail ports are expected to increase by 10%, versus the same ...
TSA presses for yet another rate rise Members of the Transpacific Stabilization Agreement are planning to raise freight rates in the Asia/US tradelanes by another USD300/FEU from April 15. It will be ...
ILWU Canada president: USEC labour negotiations 'blue print' for North America The US East Coast labour contract negotiations due to take place later this month could set a 'blue print' for North America and impact on labour relations in Canada, ...
Felixstowe's new rail terminal a step closer The construction of Felixstowe's new North Rail Terminal formally commenced yesterday. Once completed in the middle of next year, it will significantly increase ...
International trade in need of unified climate policy 'If countries want to trade with each other, they need to realise that it is necessary to talk the same language when it comes to emissions control.'
Trucks to pump out fuel and residue from grounded vessel Sources confirm that trucks are being transported to site which will be used in process of pumping out oil and residues.
Fujairah plans to significantly boost fuel storage capacity Port will raise tank capacity to 10 million cubic metres by 2014.
IFO prices softening in northern Europe Hamburg LS avails 'tight', a player told Bunkerworld.
Prices soften in Fujairah bunker market South African prices largely stable.
Complaint against bunker operations fails to win EC support Commissioner for the Environment sees 'no evidence' that Gibraltar is breaching EU rules.
Commodity trader aims to become global bunker supplier 'We are building a global bunker business, based on controlled intelligent growth with a high level of service,' says Tolson.
Russia fuel oil taxes could jump by 50% Sources say export duty could rise to $415 pmt.
Fuel oil stocks at 11-month high Arbitrage volumes surge while demand stays weak.
Supplier's new website includes contract and quotation forms Total Marine Fuels says 'everything has been brought up to date.'
Price movements mixed in Asian bunker markets No supply issues in key Asian ports.
New bunker trader joins Dan-Bunkering Kaseem Damilare Ayanlola will be based at the company's Copenhagen office.
South China fuel stock sees slight increase Inventories improved to over 1.3 million mt in the week ended March 14.
Slow steaming reaches 'optimal' level Surplus of boxes, ships will be around for 'quite a while', says Rickmers Maritime Trust Director Lim How Teck.
European ports 'satisfied' with EU moves on sulphur Ports applaud support for use of 'scrubbers.'
O.W. Bunker restructures Northern European trading division New regional management structure will see changes at firm's Aalborg, Copenhagen, Hamburg, UK and Russian desk.
BLT seeks to extend court order protection in US Applications in US court will ensure 'similar protection' of an order that prevents the arrest of its vessels in Singapore, it says.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
