Charterers stop covering cost of moving ships for loading Shipowners are paying as much as US$50,000 a day for fuel to get vessels that haul dry-bulk commodities to cargo-loading ports as customers stop covering those costs amid a glut of carriers, shipbrokers said, which could lead to ships being anchored rather than being kept in service.
Cruise lines use law and contracts to limit liability The wreck of the Costa Concordia has attracted those habitual companions of disaster: lawyers.
Port of Mersin takes delivery of two ZPMC container gantries The Turkish Black Sea port of Mersin received two container gantries from the Chinese manufacturer ZPMC. The cranes arrived on board a special heavylift vessel. Mersin port is oper...
Gruppe STEF: Laurent Lacotte named commercial director The French service provider STEF (formerly known as STEF-TFE) appointed Laurent Lacotte as its commercial director at the beginning of the year. Lacotte, who only joined the compan...
Korean Air copies Asiana Starting today (19 January), Korean Air is launching a twice weekly service between Seoul and Da Nang, Vietnam's third largest city. This link is the South Korean carrier's third d...
AirBridgeCargo adds Chengdu to scheduled network AirBridgeCargo Airlines (ABC) has commenced scheduled all-cargo services to Chengdu. The thrice weekly service, operated by a B747-400 freighter, adds the capital of Sichuan provin...
Network Rail announces framework agreements UK-based Network Rail has announced new framework agreements of up to seven years to deliver railway signalling projects worth approximately GBP 1.5 billion (about EUR 1.8 billion)...
New Safmarine CEO Grant Daly forms his team Shipping company Safmarine has appointed three new senior executives for the newly-established commercial team in Copenhagen. British-born Nick Gough, currently Safmarine's strate...
TX Logistik connecting northern Hessen to Italy The German service provider TX Logistik has launched a new intermodal rail service connecting Kassel (northern Hessen/Germany) to Verona (Italy). The train runs three times per wee...
Malaysia reduces speed limits and restricts the use of freight vehicles In Malaysia, the speed limits for federal and state roads will be temporarily reduced by 10 km per hour (kph) from 19-30 January. In conjunction with the coming Chinese New Year ce...
Kiel handles more than 6 million t of freight in 2011 More than 6 million t of freight were loaded and discharged at the port of Kiel (Germany) in 2011. This set a new record and equated to an 8.5% increase over 2010. The growth was p...
IRU hosts ECR online complaints desk The International Road Transport Union (IRU) is hosting the Euro Control Route (ECR), Disproportionate Fines and Sanctions online complaints desk as a cornerstone of the public-pri...
Air Baltic improves punctuality In 2011, the Latvian national airline airBaltic improved its 15-minute punctuality rate to 88.6% for flights linking North Hub Riga with destinations in Europe, the Middle East a...
Via Mat Artcare and Keller Swiss Group ink cooperation Via Mat Artcare AG, an art logistics specialist, and Keller Swiss Group AG, a leading specialist for private and business removals, recently signed a contract to establish a strate...
Agility releases second edition of emerging markets index Agility and Transport Intelligence launched the second edition of the Agility Emerging Markets Logistics Index, a measure of how change and instability in the last year affected 41...
SDV invests in Fast Overseas (Lebanon) and in Fast France After several years of co-operation, SDV International Logistics recently took a minority interest in the Fast Overseas group, present in Lebanon, Syria, Jordan and Italy. With USD...
Airfreight department of Hellmann Worldwide Logistics with new heads The German service provider Hellmann Worldwide Logistics reorganised its airfreight product with effect from 1 January. Benno Nelles, who has been a product manager for Germany at...
Will lines find a path back to normality in 2012? Carriers must defend market share at any cost
Electric cars fail to spark Iran and the Middle East still hold the cards when it comes to oil supply
Shortsea shipping a pipe dream for US Modal shift towards the sea has yielded a mixed bag of successes and failures
Why shipping needs to see a shrink Reluctance to cut Asia-Europe box capacity sees critics question industry's sanity
Asia-Europe shippers feel squeeze from airfreight Overcapacity sees freighter operators struggle
BP pays premium for product tanker spot market charter Fixture cost BP around $5,000 more than similar booking by rival Shell
Matrix Oil locks in product tanker for 60 days at $14,500 per day Charterer secures vessel on time charter to avoid rising spot rates
Seadrill to make early move towards Brazilian spin-off Prospectus filed with Brazilian regulators for an initial public offering of shares in new entity
Greek aframax is sole tanker to export Syrian oil since start of sanctions LLI data shows that despite ban on crude shipments, product tankers and LPG carriers are still calling at Banias as they are outside EU restrictions
Exclusive: NITC vows to launch legal challenge to sanctions Tanker giant attacks 'baseless and hypothetical allegations'
Union: "Investigate before laying blame" PASSING the blame for the Costa Concordia tragedy onto the ship's captain could 'obscure important safety lessons', says a UK-based seafarer union
US safety review after 'Concordia' VESSEL safety and operating standards onboard US cruise ships will be the focus of a US Congressional hearing in February, the US House of Representatives' Transportation and Infrastructure Committee has said
Baltic Shipyard runs out of sparks BALTIC Shipyard, one of the two ailing St. Petersburg shipyards formerly owned by debt defaulter Sergei Pugachev, says that it is running out of electricity
ADF calls for action on sulphur limit French shipping companies have called on their government to gather support among other European countries to block the introduction of a 0.1% marine fuel sulphur limit by the International Maritime Organization in northern Europe in 2015
NAT prices follow-on NYSE-listed Nordic American Tankers today priced a follow-on equity offering to raise funds for fleet growth
Maybank predicts Keppel profit rise SINGAPORE securities firm Maybank Kim Eng predicts full-year net profit of S$1.48Bn ($1.16Bn) for Keppel Corp, a potential 4.3% y/y increase
Chinese bank wins Universal duping case SINGAPORE'S High Court has ordered Malaysian palm oil carrier Universal Shipping Group to pay damages of $2.896M for duping China's Bank of Communications (Hangzhou branch)
Santos posts strong Q4 figures AUSTRALIAN energy companies Woodside and Santos today reported strong revenue for the fourth quarter, despite falls in production
Demolition of drybulkers hits high THE demolition of drybulk carriers reached a 10-year high in 2011, with 566 ships of 25.47Mdwt scrapped, according to figures from Greece's Allied Shipbroking
Panama Canal workers walk out LABOURERS of the Consortium Grupo Unidos Por el Canal (GUPC) who work on the construction of the Panama Canal expansion and the third set of locks, have initiated their fourth day of strike
Costa Cruises confirms compensation Costa Cruises confirmed today that all guests on the tragic Costa Concordia "will receive a refund for the cruise and all material expenses relating to it."
Courage Marine offloads Raffles TAIWANESE drybulk carrier Courage Marine said today that it has sold 1984-built Handysize bulker Raffles for demolition
PTT set to bring forward LNG growth THAI oil company PTT is considering bringing forward plans to double capacity at its Map Ta Phut LNG terminal to 10M tonnes/year
Local pressure forces Aussie rail rethink BHP Billiton said today it has proposed a single rail corridor to the expanding Abbot Point coal port that can accommodate a number of rail lines, after local landowners raised concerns about plans for a multiple corridors
CSCL explains on losses China Shipping Container Lines (CSCL) has announced that the bad world economy, tough competition and a "dramatic increase in the price of oil" has dented a hole in its profits
Army Corps to Fix Mississippi River-Gulf Chokepoint The Army Corps of Engineers will begin clearing a chokepoint at the mouth of the Mississippi River that has restricted...
Halliburton to Build Sand Terminal in Colorado Halliburton plans to build a sand storage facility for the oil and gas industry on a 54-acre site at a...
LNG Engine Design for Container Ship Gains Approval International classification society Bureau Veritas approved the basic design of an engine for a container ship powered by liquefied natural...
China Ban Dampens Port of Virgina Container Growth Container throughput in the Port of Virginia in 2011 increased by a slim 1.2 percent year-over-year, as a Chinese ban...
Auto Part Imports Rev Up for 25th Straight Month Containerized imports of automotive parts rose 16 percent year-over-year in November, the 25th consecutive month of increased volume, PIERS data...
US Intermodal Traffic Surges 7.4 Percent Intermodal volume hauled by major U.S. railroads surged 7.4 percent year-over-year in the week ending Jan. 14 and skyrocketed 18.2...
Port of Oakland Slashes Emissions Up to 50 Percent Clean truck programs implemented by the Port of Oakland and the California Air Resources Board have cut harmful diesel emissions...
YRC Worldwide Rehires Russell for General Counsel Spot YRC Worldwide CEO James Welch is rehiring a former YRC vice president to serve as his top legal officer as...
EU Trustbusters Investigate Italian Ferry Takeover European Union antitrust regulators are investigating the planned takeover of Tirrenia, the bankrupt state-owned Italian ferry operator, by a consortium...
Union Pacific Profit Jumps 18 Percent to $3.3 Billion Union Pacific raised its net profit nearly 18 percent in 2011 to $3.3 billion on a 15 percent year-over-year increase...
US Cargo Theft Hits Record, Average Value Drops The incidence of cargo theft in the U.S. reached a record high last year but the value of the cargo...
Charleston Container Traffic Rises 2.4 Percent Container traffic at the Port of Charleston rose 2.4 percent year-over-year, pushing up year-end traffic up 1.2 percent as the...
Asia-Europe Spot Rates Rise for Fifth Week Average spot rates on the Asia-Europe trade lane increased this week for the fifth week in a row, as European...
GATX Sees Gain in Profit, Pricing Rail equipment provider GATX is showing strong confidence in the U.S. freight market, saying Thursday it expects stronger shipping demand...
Increased Security Halved Somali Pirate Hijackings in 2011 Pre-emptive strikes by international navies and the presence of private armed guards on board ships nearly halved the number of...
Maersk Hikes India-Middle East-Europe Rates Maersk Line will raise rates on westbound trade from India and the Middle East to North Europe and the Mediterranean,...
New World Alliance Begins Third Trans-Atlantic Service The New World Alliance, consisting of three Asian ocean container carriers, will begin a service connecting north Europe and the...
SISI says container market to grow modestly in 2012 The Shanghai International Shipping Institute (SISI) believes that shipping markets this year will be affected by what it referred to as an improving economic situation.Its ...
INTTRA selects partner to boost shipping customers efficiencies New Jersey-headquartered e-commerce solutions provider INTTRA has announced that it will streamline its application development and quality assurance testing to ...
TNWA launches new service to capitalise on booming transatlantic The New World Alliance (TNWA) - APL Co. Pte Ltd (APL), Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL) - has announced the launch of a new transatlantic ...
Shareholders acquire more of CSAV cheaply CSAV's shareholders contributed another USD659 million to its bail-out fund via a rights issue launched in December. The price paid for the 3,222,357,834 shares ...
Bond auctions buck S&P downgrades Despite a raft of credit rating downgrades of eurozone states by Standard & Poor's [S&P] last Friday, France and Spain - who both lost credit status ...
Somali pirates challenged In its latest report the International Chamber of Commerce's [ICC] International Maritime Bureau said that the number of successful hijackings of merchant ships ...
LNG gains more credibility The future use of liquefied natural gas to power container vessels has gained more credibility with the approval of a 14,000TEU ship design by Bureau Veritas. The ...
Davos: Merkel to give opening address
Maersk Line ships to get mobile phones Maersk Line plans to enable the crews of 80% of its fleet to communicate ashore by mobile phones whilst at sea over the next two years. Approximately 400 vessels ...
Crude drops on surging gasoline inventories 'As long as we don't have a European recession, the market is poised for another run past $104.'
Milestone for containerships fuelled by LNG Bureau Veritas gives approval in principle for the basic design of a 14,000 twenty foot equivalent unit (TEU) containership.
Bunker prices show small movements in Rotterdam, Hamburg Weak bunker demand in Rotterdam.
Tanker defies detention order after taking on fuel UK coastguard agency says failure to carry sufficient fuel was a 'major non-conformity'.
Maersk Line joins Gothenburg Fuel Switch Program The fuel switch will lead to improved health and at the same time reduce our customers supply chain footprint, says Christian Juul-Nyholm.
Middle East prices largely stable No spot market in Durban.
Salvage firm to start de-bunkering 'at the weekend' Expert says Costa Concordia has 17 fuel tanks.
Red Sea ports able to bunker diverted-traffic Saudi officials react to tension over Iranian threats to Strait of Hormuz.
Fuel oil inventories at lowest level for over two years Singapore stocks down 6% week-on-week.
Kirby in 'solid position' to gain from market pick-up Earnings will continue to rise on stronger US chemical and refined product exports, says Dahlman Rose.
Asian bunker prices lack direction Demand mixed across key Asian bunkering hubs on Thursday.
Norwegian bunker trader to relocate office Bergen Bunkers to relocate to new office in Norway.
MOL develops world's 'first' portable gauge for bunkering New system uses pressure sensor to detect fuel level 'quickly and accurately,' says MOL.
Engine manufacturer wins contract to design, equip bunker tankers Rolls-Royce to equip bunker tankers and oil spill recovery vessels with its 'advanced' technology.
BIMCO updates EEDI calculator Update follows clarification on calculating the 'Required EEDI' for container ships.
South China fuel oil stocks slightly up Inventories increase by 10,000 mt to approximately 1.53 million mt in the week ended January 18.
Tight avails ease in Hong Kong Traders report arrival of replenishment cargoes from ExxonMobil and Sinopec.
Flowmeters installed on Georgian bunker barge Bunker supplier hopes to provide 'optimal and economic solutions' for bunkering in Georgian ports.
CSCL issues profit warning Expects to post losses for the year 2011 partly due to a 'dramatic increase' in oil price.
Brightoil gets shareholders approval Approval paves the way for the company to acquire an investment holding firm for $75 million.
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