Bumper harvests straining Australia storage capacity It is entirely possible to have too much of a good thing.
Market for container swaps still nascent The fledgling market in swap contracts to hedge exposure to volatile rates in the container freight market will take longer than expected to gain trading volumes as participants warm to the idea of using derivatives, brokers ACM/GFI said.
Maersk to retire 9% of Asia-Europe capacity Maersk Line, the world's largest container carrier, said it will cut 9 per cent of its shipping capacity on Asia to Europe, its largest trade route, in an effort to restore profitability.
East European LGV: Réseau Ferré de France and Alstom sign contract Réseau Ferré de France (RFF) has awarded the signalling work for phase 2 of the East European LGV (high-speed rail line) to a consortium comprised of Alstom Transport, the leading ...
BCT houses container scanner in Polish port A state-of-the-art scanner for container screening was recently installed at the Baltic Container Terminal (BCT) in Gdynia (Poland). BCT is operated by Philippines-based Internatio...
Gerlach AG granted AEO status Gerlach AG has become one of the first customs agents in Switzerland to be granted the status of authorized economic operators. At the beginning of February, the Swiss Federal Cust...
Australia: Pacific Highway Glenugie upgrade completed The final stage of the Pacific Highway Glenugie upgrade in NSW Australia has been officially opened to traffic, marking the completion of the USD 60 million project. The federal in...
A new "home" for Homtrans Homtrans Service GmbH & Co, an international forwarding company and IDS partner for Mecklenburg-Vorpommern (Germany), has moved. The company, a member of the Rieck Logistik gro...
Mercator unveils innovative cargo revenue management solution In partnership with USA-based Revenue Technology Services (RTS), Mercator (the commercial arm of Emirates Group IT) has developed a fully integrated cargo revenue management soluti...
LH Cargo Charter joins CEE network Cargo Equipment Experts Ltd (CEE), a Spain-based global network for cargo equipment, has welcomed Lufthansa Cargo Charter Gmbh as CEE member in the supporting industry carrier cate...
Airbus Military signs contract with Indonesia for nine C295 aircraft Airbus Military has signed a firm contract with PT Dirgantara Indonesia (PT DI) to supply nine C295 military transport aircraft for delivery to the Indonesian Ministry of Defence. ...
Switzerland: a call to change modal shift target to 1 million truck trips Astag, Switzerland's commercial vehicle association, recently presented its "Modal shift strategy 2030". The scheme's key points call for a legal adjustment of the country's aim to...
Menlo Worldwide Logistics announces key promotions in South Asia Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc, has promoted Thomas Koh and Chuan Peng Low within the company's South Asia organization. The two have bee...
Drewry publishes car carrier report Drewry Maritime Research has just published a new report on car carriers. It analysed a market that suffered less during the recession than most other sectors, but noted that the f...
Car maker PSA set to sell some Gefco shares The French car corporation PSA (maker of Peugeot and Citroen brands) recently presented relatively poor figures for 2011. For example, the company made an H1/2011 profit of EUR 405...
It's good to talk Why private maritime security firms need to engage with, not avoid, public relations
The luck of the gods Greeks rush in where mortals fear to tread
What price piracy insurance? Industry questions report's claims that prevention costs are disproportionately high
Insurers and shipowners invited to shape Somalia debate Penning meets experts before London Somalia Conference
Vessels in Arctic waters need to install crisis gear, says lobby Ships need equipment to avoid emergencies says Maritime Passive Safety Association
Owner says yes to scrubber system Spliethoff order shows that owners are taking the technology seriously at last
ITF campaigns to combat dockers' HIV stigma Employment rights should be protected
Lack of green spend hits manufacturers Owners' reluctance to invest in all but the most essential services continues to dent technology firms
VLGCs in Atlantic command $17,000 per day premium Asian customers opt for Atlantic rather than Middle Eastern cargoes as concern over supply continues
ACM turns down RS Platou offer London shipbroker will look to work together with Norwegian group's local team though
Price gap narrows between Asian and Atlantic bunkers Rotterdam and Houston fuel costs rise faster than Fujairah and Singapore this year
Japanese sell-offs drive secondhand dry bulker bonanza Brokers report a flood of vessels seeking offers
Brussels defends conference ban after neutral FMC study Europe will continue to spread the message that its repeal was the right decision
Deutsche Schiffsbank to run down 'non-strategic' customers Germany's second-largest ship financier to scale back its exposure
Italy demands right to try Enrica Lexie suspects Two members of vessel protection detachment remanded on murder charges
China's credit easing could boost dry bulk rates Central Bank releases $64bn to stimulate construction
Turbulent shipping markets mean a tough year ahead for P&I clubs Nine IG clubs announce 5% general increase
Supply outweighs demand in Indian subcontinent scrap markets Abundant vintage tonnage holds demolition rates down
ABP starts work on Grimsby terminal Lock free access to boost car carrier handling capacity
Forced sales to flood small boxship market as banks lose patience Aruba court orders auction of two feederships
European refineries face new closures New refineries in Asia and the Middle East replace ageing western capacity
DP World chairman checks progress at Embraport Top-level management tour of South America includes visits to Brazil, Peru, Argentina and Suriname
Penning demands global drive to tackle piracy UK shipping minister to chair talks at IMO ahead of London Conference on Somalia
Civilised offensive Xi Jinping showed how to get the message across during a port visit to Los Angeles
Maersk shows the way As lines aim to in effect double spot rates in the Asia-Europe trades, more ships are likely to be removed from service in the coming weeks
Moscow holds 'preliminary' talks over terminal operator for Taman Russia seeks European know-how for new Black Sea maritime complex
Beware the lure of cheap orders, warns Polemis ICS slams scramble for market share by 'obsessive' shipbuilding nations
Eight dead after bulk carrier sinks off China's Fujian province One seafarer survived, two still missing
MOEX settles Deepwater Horizon civil suit for $90m Settlement presses BP to seek a compromise
OSG abandons $241.8m Title XI loan guarantee application Tanker major says unexpected hit to liquidity will not affect its financial position
Box rates keep softening BOX RATES are continuing to fall as the post-Lunar New Year lull drags on because carriers remained slow to cut capacity
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
Iran halts crude early IRAN'S oil ministry has halted crude supplies to French and UK companies early to retaliate for sanctions against Tehran, IHS World Markets Energy reported today
Arms alarm Comorans MYSTERY surrounds 10 pirate suspects arrested by the Comoran Coast Guard
Bulker buyers see bargains BULKER buyers are looking today for bargain-basement tonnage, even as the BDI is slowly recovering after falling to a 25-year low this month
Kozmino exports to slow DESPITE strong output growth in East Siberian crude, future production is at risk due to a lack of new investment in the region
Japan imports record LNG cargoes IMPORTS OF LNG to Japan hit a record high in January and are expected to exceed 2011 figures over the course of this year, a shipping analyst has predicted
Sovcomflot seeks approval for SMNG takeover SOVCOMFLOT CEO Sergei Frank has written to Russian Prime Minister Vladimir Putin to seek approval of the tanker company's takeover of a government-owned offshore company
MR tankers reported sold en bloc BROKERS told Fairplay today that seven tankers had been sold to US investment funds in two en-bloc deals last week
NOCC raises $21M NORWEGIAN Car Carriers said it has raised NK120M (about $21M) through a private placement of shares after reducing the amount it wanted to raise late last week
Green VLCC demand rising AN INCREASE in orders for fuel-efficient VLCCs was predicted today as bunker prices have continued to gain amid a weak freight market
Oz to review reef development QUEENSLAND'S government has joined with Australia's federal government and the Great Barrier Reef Marine Park in a major assessment of pressures on the reef from development
How Vale could unlock China DRYBULK analyst Jeffrey Landsberg today said that Vale could improve its relationship with Beijing by joining China's iron ore trading platform
ICS Chairman Polemis Calls For Shipbuilding Moratorium A moratorium on newbuilding orders and an end to the battle for market share between shipbuilders are needed to combat...
Saudi Airlines, DHL Launch Dubai-Europe Freighter Service Saudi Airlines Cargo and DHL Global Forwarding will launch a new thrice-weekly direct freighter service between Dubai and Europe in...
Chinese New Year Hits Hong Kong Air Cargo Volumes Cargo volume slumped more than 20 percent at Hong Kong International Airport in January from December and by 17.5 percent...
United Arab Shipping Hikes US East Coast-Asia Rates Middle East carrier United Arab Shipping imposed a two-phase general rate increase on trades from Asia to the U.S. East...
Italian Vessel Guards Accused of Killing Indian Fishermen Indian authorities on Sunday arrested two armed security guards aboard an Italian merchant ship who are accused of killing two...
Japan's Trade Deficit Balloons to Record High Japan suffered a deficit of $18.5 billion in its trade with the rest of the world in January, up 207.7...
The Tides of March Then the world's largest ocean carrier launched its Daily Maersk service last fall, it set in motion a series of...
Carriers Give Incentives to Drive The battle to recruit and, just as important, keep truck drivers is getting fiercer among truckload carriers as freight demand...
Facilitating Trade When project logistics company Agility released its Emerging Markets Logistics Index 2012, 10 of the top-ranked countries hailed from the...
Uncommon Growth for Forwarders For many years, non-vessel-operating common carriers were considered a stepchild of the maritime industry, but that ship turned around in...
East Coast Ports See Growth in Containers East Coast container trade volume rose 5.5 percent in the first 10 months of 2011 compared to the same period...
Advancing Technology - With Job Guarantees? Shippers and carriers view this year's East and Gulf Coast longshore labor negotiations with a sense of trepidation and an...
Ports Working on the Railroad Ports along the Eastern Seaboard are putting money where their hopes are, investing in projects for better landside access by...
Bigger Ships, Faster Growth Through the 'Other' Canal A funny thing happened on the way to the 2014 completion of the new Panama Canal locks. The volume of...
The Big Bang That Wasn't The Federal Maritime Commission, in perhaps the most extensive study in its 50-year history, concluded the European Union's 2008 repeal...
Paved Over Intentions President Obama's recent call to nearly double infrastructure investment over the next six years highlights two conflicting forces in transportation...
Durban closes in on three million TEU In 2011, South Africa's largest port Durban handled 2.7 million TEU, a 7.3% rise on the 2.5 million TEU processed the previous year. This was more than double the ...
China's leader-in-waiting tours LA box terminal Concluding his week-long PR charm offensive visit to the US on Saturday, the heir apparent to the Chinese presidency, Vice-President, Xi Jinping, visited the China ...
La Spezia grows traffic by just 1.7% Northern Italy's La Spezia's container traffic increased by only 1.7% last year, up to 1,307,274TEU. The port remains capacity restrained, so was unable to benefit ...
TAL also registers strong 2011 Purchase (NY)-headquartered TAL International is the second lessor to post very strong results for its 2011 fiscal year which ended December 31, 2011. Moreover, ...
Hoyer puts fizz into beer transport The Hamburg-based Hoyer Group, which specialises in tank and container tank supply chain management services, has upgraded the range of services available to brewers. ...
Iran bans oil sales to France and the UK In retaliation to the European Union July 1 embargo on the import of Iranian oil, Tehran announced yesterday that it was imposing an immediate curtailment on 'exporting ...
Colombo Port transhipment growth slows Total container throughput at the Sri Lanka hub port of Colombo increased by 3% last year - versus 2010 - to 4,262,887 TEU but could not match the phenomenal 19.4% ...
Maersk cull underscores GRIs Maersk Line's shock announcement on Friday that it was to 'remove 9% of its vessel capacity' on the Asia - Europe tradelane - whether it was juggling with figures ...
FMC's Euro antitrust study: no negative impact on US trades
Prices lack direction in Rotterdam, Hamburg Piraeus bunker market 'so-so', a player told Bunkerworld.
Prices slightly firm in the Middle East Prompt deliveries tight in Fujairah.
A snapshot of 2011 Overview of 2011 test helps determine which quality concerns may be hindering the supply of ISO 8217:2010 of compliant fuels.
Petromedia launches Bunkerworld iPhone App 'Subscribers can have instant access to the latest news stories and prices, straight to their handset.'
Bunker prices mostly down in Asia Demand mixed across key Asian bunkering hubs on Monday.
Paper outlines methodology to predict marine engine performance Model can predict fuel oil consumption and NO(sub)x emissions with 95% confidence interval.
High bunker costs 'big worry' for shipping firms Shipping Corp of India's chairman expects recovery in shipping by mid-2013.
Tanker operator losses widen in Q4 Even as bunker prices remained 'relatively stable' during the quarter.
Eco tankers could make 'significant difference' on owners' profitability Soaring bunker prices adds pressure on costs, highlighting advantages of fuel efficient ships, says shipbroker.
Long term biofuel demand could 'radically alter' fuel market Biofuel demand to increase from $82.7 billion in 2011 to $185.3 billion by 2021, says Pike Research.
Gas engine technology marks 'new era' for shipping industry MAN Diesel commemorates 100-year anniversary of the M/S Selandia - the first ocean-going ship which used diesel instead of coal.
Sri Lankan supplier to upgrade Trincomalee storage facility Various steps for upgrading works are 'under way,' with the first phase to complete in two-three years, says LIOC Managing Director.
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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