Baltic index falls for third day in a row The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a third day on Friday as weak cargo business on the capesize and panamax markets battered sentiment.
Tanker owner withdraws US loan guarantee bid Overseas Shipholding Group, an owner of tankers that have called at Iran's largest oil terminal over the past year, said it withdrew a bid for a US loan guarantee after receiving 'indications' it would be rejected.
2011 profit drop for Sweden's railway The Swedish rail service provider SJ generated net sales of SEK 8.038 billion (EUR 910 million) in 2011, SEK 0.6 billion (EUR 68 million) less than in 2010. The corporate profit in...
Incheon airport develops mobile logistics information service South Korea's Incheon airport has started "Smart AIRCIS", which enables people to process logistics work by linking their smartphones to the system. The system offers avi...
Keep truck roofs ice-free The German automobile club ADAC has appealed to forwarding companies to keep the roofs of their trucks free of ice. Sheets of ice that form on top of HGVs in wintery conditions can...
US Transport Ministry proposes new rule for establishing training standards for railroad employees US transportation secretary Ray LaHood recently announced a proposal to require railroads to train and qualify employees in safety-related positions on federal railroad safety laws...
Schuck Stockstadt: new 24plus partner for Aschaffenburg The general cargo alliance 24plus is strengthening its services in the Rhine-Main region (Germany) by the addition of a new partner - the 50th in the domestic market. The newcomer ...
Boeing and SIA Cargo launch GoldCare operations Boeing and Singapore Airlines Cargo, a wholly owned subsidiary of Singapore Airlines (SIA), have entered into a maintenance engineering and planning agreement that results in GoldC...
Air Cargo Group air charter agreement with ACS The Air Cargo Group (ACG), a neutral air freight wholesale specialist, has signed a strategic partnership agreement with UK-based Air Charter Service (ACS). ACG chairman Christos S...
Better conditions for railfreight transport in Switzerland Railfreight transport in Switzerland plays a very prominent role. Around 36% of all freight traffic in the country is carried by rail, making it more than twice as important as pas...
Hapag-Lloyd holds its own in 2011 The German shipping company Hapag-Lloyd performed well according to provisional figures for business year 2011, despite an unexpectedly aggressive price war on the Far East trade l...
Bayswater again opts for Liebherr Bayswater Shipping & Forwarding has taken delivery of the second LHM 180 Liebherr mobile harbour crane. The company transports cargo between Singapore and Batam Island (Indone...
Port of Houston appoints interim executive director The US Port of Houston Authority recently appointed Leonard Waterworth as its interim executive director during a special meeting of the port commission. This body also approved a ...
UPS scoops up Kiala The US-based parcel service provider UPS recently took over the Belgian firm Kiala, headquartered in Brussels. Kiala provides practical delivery options for busy recipients who pur...
Norbert Dentressangle stores and distributes Tetley teas in UK Tata Global Beverages has awarded a three year contract to Norbert Dentressangle for the UK storage and distribution of Tetley teas. Employing more than 3,000 people worldwide, Tat...
CSAV completes $1.2bn recapitalisation $547m subscribed by Quiñenco which now owns 37.4% of CSAV
Maersk Line to withdraw 9% capacity from Asia-Europe route Rationalisation helped by vessel sharing deal with CMA CGM in west Med trades
Moore Stephens warns against tonnage tax shake up Shipping industry urged to join EU consultation
A tale of two ports Why London Gateway will inevitably target Felixstowe's customer base
Making the UK a hub for Europe? London Gateway and Felixstowe are not necessarily rivals
Let's hear it for the swotty kid Do not underestimate the importance of insurance
Let's give fracking a crack Better to make a buck from shale gas than to tilt at useless windmills
Six members join port equipment manufacturers' group Continued growth in PEMA match by wider range of research, recommendations and standards development, says president
Bromma grabs spreader orders at new terminals Swedish manufacturer predicts move towards tandem box lifts
Eukor tops 'most sustainable' league at Rotterdam South Korean car carrier had six ships in the Sustainable Top 25 last year as measured by the Environmental Ship Index
Frontline 'cautious' after fourth-quarter operating loss Tanker giant lowers its 2012 breakeven rates signalling that pressure has eased
Torm scrapes another short loan extension Three-week deferral of repayments
Enrica Lexie targeted by murder investigation Indian defence minister demands 'guilty must be punished'
Eitzen Chemical posts $80m loss after huge writedown Small profit in fourth quarter of 2011 wiped out by paper loss of $81.5m in fleet's book value
Chemical tanker market will recover in 2012 Orderbook shrinks leaving space for rates rise
Nautilus warns against scapegoating Costa Concordia master Rush to blame detracts from investigation, union argues
Seacor profits hit by end of Deepwater Horizon clean-up Company says offshore marine business picking up in Gulf of Mexico
Bulk carrier fleet tops 9,000 vessels Newbuilding deliveries could push it over the 10,000 mark by year-end
Bank of Dalian named an SSFEC clearing bank Shanghai exchange targets customers in northeast China
Sweden plans new shipping strategy Country has struggled to halt exodus to rival flags
The sideways shuffle Capesize period fixtures more active as owners eye a lacklustre spot market
HMM legal campaign against Grand China reaches California Attachment order secured in Los Angeles
Tight little market The tough lending conditions of today should be regarded as the norm
Vale chief executive Murilo Ferreira talks 'game-changer strategy' Chinese ports understand advantages of VLOCs but CSA is 'not helping'
Belgian pilots return to work Strike ends at Antwerp and Zeebrugge
NOCC reduces new share placement Funds to pay for vessel acquisitions
CSAV tops shipper poll Loss-making carrier offers most flexible rates, say customers
Ticking timebomb Yesterday's killing of two fishermen off Kochi was an incident waiting to happen
Maersk's Asia/Europe capacity cut back MAERSK, the world's biggest box line, said today it is shuffling services to cut capacity, reduce costs and ramp up Far East/Europe rates
TORM get new extension TORM said today lenders have extended a deferral of repayments on its $1.8Bn debt
Iranian oil to Europe in March cut in half MARCH tanker shipments of oil to Europe from Iran will be about half of the 2011 total of 700,000 barrels per day, IHS Global Insight reported today
Drybulk disputes escalate GLOBUS Maritime has revealed a charter dispute with Greece's Allied Maritime, underscoring heightened owner-charterer friction in 2012
US judges award HMM attachment orders HYUNDAI Merchant Marine has secured legal approval for attaching Grand China assets in Alabama and California, court documents reveal
Tankers seen escaping production surge DESPITE the oil supply disruptions caused by Iran sanctions, production surged in 4Q2011, but analysts told Fairplay today this is not likely to hit tanker rates
Sept-Iles to add capacity CANADA'S government plans to contribute C$55M ($55.27M) to a project to expand the iron ore export capacity at Sept-Iles
Venezuela shipping fuel to Syria PDVSA IS reportedly offloading a cargo of diesel this week in Bania, Syria, in defiance of Western sanctions against the Assad government
Paragon reveals huge write-down NYSE-listed Paragon Shipping today disclosed a $271.6M impairment on its fleet value and admitted that it has breached covenants
Thai vehicle exports expected to recover REGIONAL securities firm UOB Kay Hian expects Thai vehicle exports to recover from their 20.4% y/y fall in January, caused by flooding
SDS fined for pollution ITALIAN shipping company SDS Navigation has been fined close to €1M ($1.32M) because one of its ships polluted the Mediterranean
Keppel sees healthy enquiry for rigs SINGAPORE'S Keppel is still getting lots of inquiries for rigs in line with continued growth in offshore exploration, according to analyst Jason Saw of DMG & Partners Securities
VINALINES springs surprise VINALINES has posted profits of 62.15Bn dong ($3M) for 2011, up 13% y/y
Shell takes LR2 tanker for premium BROKERS told Fairplay today that Shell has booked an LR2 tanker for $300,000 for a cross-Persian Gulf trip, a rare occurrence in the oversupplied market
Two-tier market opens for Supramaxes BROKERS told Fairplay today a two-tier market has opened up in the in the Asia-Pacific Supramax sector
Port of NY-NJ Hit Record Container Traffic in 2011 Container volume at the Port of New York and New Jersey in 2011 rose nearly 4 percent year-over-year, breaking the...
Box Ships Posts $5.6 Million Profit Container ship owner-charterer Box Ships reported fourth quarter net income of $5.6 million, bringing the Athens-based company's profit to $13...
TNT Rejects UPS $6.4 Billion Takeover Bid TNT Express rejected an unsolicited takeover offer of roughly $6.4 billion from UPS, but the Dutch delivery firm said discussions...
Caterpillar to Build Plant Near Savannah, Charleston Caterpillar plans to build a manufacturing plant in Northeast Georgia - equally close to the ports of Savannah and Charleston...
OOCL Boosts Rates From Europe to Asia $200 OOCL on Friday said it will raise freight rates on containers moving on the eastbound backhaul leg from North Europe...
Swift to Pay Port of Los Angeles $4 Million Swift Transportation, the nation's largest truckload carrier, will pay $4 million to the Port of Los Angeles to settle a...
Maersk Launches Direct Australia-Indonesia Service Maersk Line's new direct service between Indonesia and Australia is a major coup for the port of Tanjung Priok, which...
Freight Rate, Surcharge Update for Week of Feb. 13-17 Hapag-Lloyd imposed a general rate increase on the Indian subcontinent-Europe trade lanes, starting March 1. The planned increase will...
Adjusting the Learning Curve Employers across the U.S. are struggling with a paradox: Despite high unemployment, they're having a tough time hiring the right...
Educating 'Generation Logistics' The so-called Millennial Generation, with its native fluency in digital technology and natural aptitude for multitasking, could have been made...
New Thinking on Intermodal By now it is a well-established trend in North American transportation that freight is moving from the roads to the...
Phantom Revenue There's been a lot of handwringing in Washington over the seeming end of the happy era of nonpartisanship in transportation...
Dispatching a Dispute Q: We're a brokerage, and I have a couple of questions concerning our relationships with motor carriers. First, can...
Maersk Cuts Asia-Europe Capacity 9 Percent Maersk Line said it is cutting vessel capacity on the Asia-Europe route 9 percent in a bid to boost flagging...
Bromma's box boom Sweden-based Bromma has posted one of its best years ever with deliveries up 110% in 2011 and the orderbook 130% higher than at the end of 2010.In a press briefing ...
Maersk and CMA CGM get closer in Asia/Med trade Maersk Line and CMA CGM have agreed to work even more closely in the tradelane between Asia and the Mediterranean. They already operate two services jointly in ...
CSAV finally splits in two CSAV has completed its refinancing plan announced last year, including the raising of USD1,100 million from existing shareholders via a rights issue and additional ...
'One of the poorest periods ever' That is how management at Oslo-based Star Reefers described 2011. In an official statement accompanying the specialised reefer shipping company's annual results, ...
Iran oil threat spikes Brent A barrel of Brent crude climbed above USD120 a barrel yesterday - its highest price for eight months - on unconfirmed reports that Iran would pre-empt the European ...
Contrastive fortunes for San Pedro Bay ports The US bellwether ports of Los Angeles and Long Beach reported differing trading in January, with the former posting growth but the latter posting a decline in ...
Antwerp pilots return to work Four days of industrial action by Belgium harbour pilots at the port of Antwerp ended this morning allowing the resumption of traffic that had stymied about 60 ...
ICC: 'slight brightening' in world economic climate That is the conclusion of the latest World Economic Survey from the Paris-headquartered International Chamber of Commerce [ICC], compiled in co-operation ...
While...Zim Line and MSC also get closer MSC has agreed to charter slots to Zim Line on its two services between the East Coast of North America and the East Coast of South America from the end of March. ...
Americas pricing closes out week on a high Oil rose for a third day heading for the biggest weekly gain this year.
MEPC 63 sets sights on details of mandatory GHG measures Committee will consider study that finds while the SEEMP will have medium term impacts, the EEDI will have significant impact on the long term
IBIA to announce changes to board Results will be declared at IBIA's AGM on February 20.
BLT reacts to report of unpaid bunkers CEO Jack Noonan tells Bunkerworld the Partawati has been cleared to sail as the company looks to rectify the situation 'as expediently as possible.'
US Navy's push for alternative fuel comes under fire Heated debate over the use of money at a time of constricting budgets and the need to reduce our dependence on foreign fuel.
IMO gets stuck on environmental aspects of Polar Code After lengthy debate, sub-committee decides to put Environmental Chapter 'in the fridge' for a year.
European bunker prices stay within narrow range Avails of prompt product 'tight' in Rotterdam.
Fujairah prices firming Bunkerworld data showed that prices in Middle Eastern hubs were firming on Friday.
Maersk makes further cuts to Asia-Europe capacity More slow-steaming, more lay-ups and redelivery of time charter tonnage all being considered.
'US move to LNG as a marine fuel has begun' Wartsila to power two LNG fuelled offshore vessels in Gulf of Mexico.
Tax proposals threaten bunker sector Russian suppliers warn they could see sales fall by 25%.
Bunker prices firming in Asia as week closes Mixed demand in key Asian bunker ports, traders say.
MAN SE sees operating profits up 43% Company expects 'muted economic growth' to affect performance in 2012.
Bunker trading firm welcomes new staff Global Vision Bunkers appoints Lionel Isaacs to coordinate operations and market marine fuels and lubricants.
Middle East fuel exports to East Asia falling in March Refinery turnarounds hitting Saudi Arabian output.
- 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
