Hard disk could shed light on disaster DIVERS salvaged on Saturday a hard disk from Italy's capsized cruise ship with video footage that could shed light on the captain's actions, as another body was pulled from the wreckage.
Tanker rates to climb as much as 20%: Credit Suisse RENTS for ships hauling refined fuels will gain the most among oil tankers in 2012, rising as much as 20 per cent because of longer voyages and scrapping of older vessels, Credit Suisse Securities LLC said.
John Mc Donagh joins SASI consultants John Mc Donagh has joined Strategic Aviation Solutions International (SASI) as an associate responsible for Europe, the Middle East and Africa (EMEA) excluding Russia and the CIS. ...
New railway line opens in East China A new freight and passenger railway line from Qianjin to Fuyuan in China's Heilongjiang province is now open. The 169 km line is designed for trains running at 120 km/h. It is expe...
AWT Group strengthens Ostrava-Paskov terminal in Czechia The initial stage of the modernisation of Czechia's Ostrava-Paskov independent open terminal for intermodal transport has been completed. The invested sum of CZK 30 million (about ...
Renault trucks delivers 100 new Premiums to Jost Since 2004, Renault Trucks' market share in the Jost Group fleet has been constantly growing. Recently, 100 new Premium Long Distance vehicles were put into service by the Belgian ...
Ford renews HGV truck fleet with MAN tractors MAN Truck & Bus is to deliver 185 MAN TGX tractors to the Ford Motor Company. The latter has signed a five-year leasing contract for the vehicles. An additional 185 MAN trucks ...
Ports of Amsterdam handle 2% more in 2011 than in 2010 The ports of Amsterdam, Ijmuiden, Beverwijk and Zaanstad (all Netherlands) closed the year 2011 with a transhipment rise of approximately 2%. Total transhipment amounted to over 92...
AA Cargo leads in New York-JFK The US carrier American Airlines Cargo (AA Cargo) tops the list of cargo carriers by tonnage at New York's JFK International Airport, according to data provided by the Port Autho...
Hactl sees better end to 2011 Hong Kong Air Cargo Terminals Limited (Hactl) - the leading air cargo terminal operator at the world's No. 1 cargo airport - ended 2011 on a more positive note, with a narrowing ...
US rail service provider BNSF presents new chief marketing officer BNSF Logistics, a third party logistics provider in Texas (USA), appointed Jim Craig as its new chief marketing officer effective 17 January. Prior to joining BNSF Logistics, Craig...
Lufthansa Cargo names new Middle East/India general manager Lufthansa Cargo Charter Agency has named Steve Day as general manager (GM) for the Middle East and the Indian Subcontinent. Day will take up his new position on 22.January. The ne...
RBS announces sale of RBS Aviation Capital to Japanese consortium The Royal Bank of Scotland Group recently agreed to sell RBS Aviation Capital to Sumitomo Mitsui Banking Corporation, acting on behalf of a consortium comprising its parent, Sumit...
Fiege provides logistics for Media Markt online shop in Germany On 16 January - the official opening date of the Media Markt online shop - the German service provider Fiege shouldered all the logistics that are required throughout Germany for t...
Freja delivers for Antalis As of 1 January the name Freja, based in Skive (Denmark), can be seen on the trucks which deliver commodities from Antalis. Freja is one of the largest privately owned transport- a...
Coca-Cola outsources warehousing of finished goods to DB Schenker Logistics in Poland The Coca-Cola Company has awarded DB Schenker Logistics two businesses for its warehousing and transportation operations in Poland. The world's leading soft drinks producer from At...
Suezmax spot market rates fall on lack of cargoes West Africa to US voyage earnings down by a third over the course of the last week
How US containerised cargoes stack up A special report from the US Bureau of Transportation Statistics reveals the changing face of US trading partners
Europe's inland waterways lose modal share Trend undermines EU targets
Insurers lock horns with shipping industry Size matters, says Lloyd's Market Association
Lobby urges Brussels not to cut infrastructure spend EU has pledged $40bn to TEN-T
Safety foundation slams Costa Cruises' treatment of master Skagerrak Foundation calls for an investigation into Carnival's safety system
Pragmatism rules in debate over Greek bank nationalisation Shipping is central to the country's economy
Greek ship finance opinion split on likely impact of a default Some fear bank nationalisation would hurt smaller shipowners
Ocean Tankers ship fails to find bidder in Rhode Island auction RBS tipped to put Stavrodromi up for sale at lower price as separate legal fight looms with miscellaneous claimants
Facing up to life as a surviving captain Lost ships are more easily salvaged than their master's reputation
The fragility of world trade Iranian sabre rattling is reminder of the fragility of global trade
A date for the diary AP Moller-Maersk publishes its financial results for 2011 on February 27. They are expected to show a huge reversal of fortunes for Maersk Line, Safmarine and other subsidiaries that comprise the container division
Will deepening box trades crisis force lines into action? Mass lay-ups look probable, but it is not clear who will go first
Bocimar's spot market handysize fleet exposed to bulk downturn Belgian dry bulk operator seeks increase in charter coverage
US consumers fear LNG exports will raise domestic prices Consumer pressure to limit seaborne exports
All-change as US oil product exports exceed the country's imports Switch likely to be an anomaly, as country slashes refinery capacity by 27%
Capesize rates languish as owners begin anchoring vessels Market is eyeing return business after Chinese New Year and a possible uptick in iron ore demand
Brussels orders passengership safety review EU legislation to come under new scrutiny
Steel consumption to drop at South Korean shipyards Iron ore and coking coal trades will suffer in 2012
Piracy's modest decline The drop in piracy in 2011 shows that temporary measures are working, but expect only small gains without more committed action from governments
CSAV raises additional $312m Cash-strapped boxline plans $1.2bn capital increase
When two plus two equals five We need to implement not supplement existing passenger safety laws
Smit to start removing bunkers from stricken Costa Concordia Hot tapping will remove cruiseship's fuel oil
China Shipping unit scraps ship to avoid losses China Shipping HaiSheng offloads asphalt carrier for $1.2m to affiliated demolition yard
Project to standardise movement of arms is touting for members PMSCs give cautious approval as they wait to learn which coastal states are involved
Suezmax withdrawn from secondhand market Failure to find desired price could indicate that drop in asset values is imminent
Carnival to review safety and emergency response Company to audit all 11 cruise brands after Costa Concordia casualty
OOCL, Long Beach near pact BOX liner OOCL has tentatively agreed to a 40-year, $4.6Bn lease with the Port of Long Beach in southern California
Bosphorus ship taking on water TURKISH maritime authorities are today struggling to keep a cargo ship that took on water afloat following a collision with two other vessels near Istanbul
Viking warns of weak result VIKING Line, the Finnish cruise ferry company, says that its 2011 result will be significantly weaker than that of 2010 as volume growth has not matched expectations
FSL Trust back in black SINGAPORE'S FSL Trust said last night that it returned to the black with a $5.1M profit for 2011, reversing a $5.7M loss for 2010
Bocimar reports profit fall BELGIAN dry bulk carrier Bocimar saw profits fall 20% to €76.15M in 2011, as fourth quarter as profits stayed low at €17.12M
EC scrutinises Tirrenia acquisition The European Commission is to carry out a full-scale investigation into the planned takeover of Italian public sector ferry group Tirrenia by a group of leading Italian shipowners, indicating that it has "serious competition concerns" about the operation
DFDS issues profit warning DANISH ferry operator DFDS, has issued a profit warning following news that a new company will start a service in competition with one of its core routes
Samho price sets new VLCC low AN undisclosed London-based buyer is paying $28.3M for Samho Shipping's 2002-built Samho Dream, which was auctioned in Hong Kong on Wednesday, setting a new low for decade-old VLCCs, a sign of the worsening impact of oversupply on the market
Shin Yang buys Hock Leong stake MALAYSIAN general cargo shipping specialist Shin Yang has acquired a 70% stake in compatriot shipping agency Hock Leong Shipping for RM2,090,314.80 ($674,077)
Capesize rates tumble PANAMAX drybulk rates have dived, although not as badly as Capesizes
Iran's Hormuz threats will not last ANY attempts by Iran to close the Strait of Hormuz would be short-lived, said IHS CERA senior director Bhushan Bahree in a report today
West-Africa-East rates rise amid protests THE West Africa-East tanker route reached fever pitch this week as strikes and protests across Nigeria disrupted fixtures and resulted in surging rates amid a tight tonnage list
Heartland Express Profit Nears $70 Million One of the most profitable trucking companies in the nation got a little more profitable in late 2011,despite higher equipment...
Profit Skyrockets at GE's Rail Equipment Division Locomotive maker GE Transportation, part of General Electric, increased revenue 45 percent in 2011 to $4.9 billion on rising demand...
Stevens Transport Buys 1,200 Reefer Trailers Refrigerated trucker Stevens Transport is purchasing 1,200 temperature-controlled trailers from Utility Trailer Manufacturing to reinforce its growth plans. Demand...
Class 8 Truck Orders Surged 47 Percent Last Month Net orders for Class 8 heavy trucks rose to 30,293 units in December, reversing a decline in November and resuming...
Reduced Service Pulls Halifax Container Traffic Down Container throughput at the Port of Halifax in 2011 dropped 5.7 percent year-over-year, largely because three liner services cut or...
FDA Clears 19 Orange Juice Shipments The Food and Drug Administration has cleared 19 international shipments of orange juice tested for an illegal fungicide andreleased 12...
Freighters Push Changi Airport to December Surge New freighter services that included the launch of all-cargo connections to China helped Singapore Changi Airport to its busiest month...
Tax Incentives Push Kentucky Trucking Expansion A small trucking company is about to get a little bigger with some help from the state of Kentucky. ...
Los Angeles Saw November Air Freight Gain The recovery in U.S. shipping demand is showing up at Los Angeles International Airport, North America's largest gateway for trans-Pacific...
OOCL Revenue Plunges 11.2 Percent on Volume Decline Plunging Asia-Europe and trans-Pacific rates pulled down Orient Overseas Container Line's fourth quarter revenue 11.2 percent on a 2 percent...
MSC Hikes Rates From Europe to Middle East, Far East Mediterranean Shipping said Friday it will put a series of rate increases into effect on its eastbound services from various...
Lured Across the Border? The name of the game for ports in the Pacific Northwest is competition. They compete with California ports for West...
Direct to the Last Frontier The Pacific Northwest isn't just a gateway for imports; it's the gateway to the Last Frontier and home to a...
Putting the Brakes on Re-brokering Q: I'd forgotten about my letter regarding carriers brokering out freight until I saw it printed in the Dec. 12,...
Pep Talk For many companies, the big imperative in doing business through the 2008-2009 downturn was little more than survival. That's hard...
Japanese Shipbuilders Worry About Dwindling Backlog The 19.6 percent year-over-year decrease in Japanese ship export orders in 2011 is raising concerns that an order backlog could...
Two Carriers Join Emirates Shipping on China-India Service Emirates Shipping Line will enter a vessel-sharing agreement with Hapag-Lloyd and Regional Container Line on its service linking China, Southeast...
Sea-Air Comes Into Its Own Using a combination of sea and air cargo in trying balance the competing interests of cost and transit time for...
OOCL Signs 40-Year Terminal Lease at Long Beach The Port of Long Beach and Orient Overseas Container Line signed a 40-year, $4.6 billion tentative agreement that will make...
Ports of Auckland accused of 'hectoring' in dock dispute
NOL finalises vessel funding Singapore-based NOL, which owns the world's seventh largest liner shipping company APL, has finalised funding arrangements to the tune of USD1.14 billion for 10 ...
Daly has the Safmarine DNA
Bentley suggests remedy to US cargo diversion issue Former congresswoman Helen Delich Bentley has proposed a solution to the US cargo diversion issue that the Federal Maritime Commission is investigating (FMC) - ...
Emirates, Hapag-Lloyd and RCL to share slots on FE/South Asia string Emirates Shipping Line, Hapag-Lloyd and Regional Container Lines [RCL] are to merge their respective Hypergalex, CIS and RCI services in the Far East South Asia ...
CSAV throughput back to 2010 levels In December 2011, troubled Chilean liner CSAV carried 201,000 TEU - over 90,000 TEU less than the same month of a year ago, and back to monthly levels the then ...
Long Beach and OOCL strike 'in principle' agreement over Middle Harbor The US west coast Port of Long Beach (LB) has reached a tentative agreement on a 40-year, USD4.6 billion lease with Orient Overseas Container Line (OOCL) for the ...
IMF and World Bank in call to action Ahead of next week's Davos summit of the World Economic Forum, a powerful group of leaders have urged governments to implement free trade, reform their economies ...
Carriers holding all the fixture cards With the top-ranked ocean carriers chartering in around 50% of their operating fleet it follows that the liners are able to dictate the terms and periods in the ...
SDV expands presence in Middle East France-based SDV International Logistics has acquired a minority interest in FAST Overseas Group, a small freight forwarder specialising in Lebanon, Syria and Jordan. ...
Cantor drops Genmar Wall Street equity analyst kicks OTC-traded tanker owner to the curb while market waits for Chapter 11 exit.
Wilson shaves Shandong deal Oslo-listed operator cuts $88m newbuilding contract in half as Chinese shipbuilder struggles with delivery clock.
Cape owners to drop anchor? Talk of lay-ups grows louder as Baltic Dry Index continues its losing run.
Otto fires profit warning Lion City-listed shipbuilder tells investors it is still counting the cost of vessel cancellations.
CH Offshore pens charter Singapore-listed owner inks a long-term deal for an anchor handler with a view to a sale.
Doug down tanker bets Jefferies analyst cuts rate forecasts amid fears of slowing oil demand, with new numbers turning DHT red.
Uljanik falls to loss Croatian bulker and tanker owner posts deficit for 2011 after revenue shrank and costs rose.
JJ Sietas sacking 350 Insolvent German yard's administrator "adjusts capacity" as bankruptcy proceedings due to begin.
NewLead defends crew claim ITF says crew on ship with hull cracks has exceeded contractual nine-month service period, but owner says extensions were agreed.
Prophet of doom TradeWinds is today putting the fun back in the bulker market as we start the search for the Baltic Mystic.
A message to the master A bad week for the cruise shipping industry, a tanker king is upbeat on LNG while Nobu Su takes a different position.
Star Princess barred Falklands Islands refuses entry to Princess Cruises vessel with sick passengers on board.
Frontline 2012 in focus Handelsbanken begins coverage of John Fredriksen's latest venture with a reduce rating as it waits for newbuildings to disappear.
Prices uncertain as week ends Futures fell below $100 per barrel on Friday.
Prices weaken in Rotterdam, Hamburg Tight avails oh LSFO product in Hamburg.
Little price movement in Middle East markets Moderate demand in Fujairah.
EU regulators considering unilateral action on CO2 emissions Launch of online public consultation on ways to reduce shipping's greenhouse gases.
Number of alerts unchanged year-on-year DNVPS says it issued three bunker alerts relating to product from Singapore in 2011.
Prices firming in Asia as week closes Weak demand at major Asian bunkering hubs.
Indian downstream logistics firm expands into bunkering India's bunker market poised to grow, says President of Aegis Group.
French firm acquires stake in Turkish oil storage facility Acquires shares in Ceyhan depot in southeast of Turkey .
Legal practice advises Sinopec on Fujairah oil storage acquisition Transaction involves 'complex legal issues' specific to oil storage terminal projects, says Norton Rose.
French shipping association rallies support to delay 0.10% sulphur limit ECA sulphur regulations a 'timebomb,' says European shipping organisation.
Bubbles? 2011 saw a sharp increase in the number of claims of 'cappuccino' bunkers - but what really constitutes entrained air in bunkers?
Wilhelmsen offers anti-pollution compliance service in China Company able to provide clients with ship pollution response contracts at all Chinese ports.
LNG-fuelled box ship receives DNV's approval in principical 9,000 TEU vessel's LNG tank will be designed to leave space for container cargo.
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