No smooth sailing for survivors of Costa Concordia disaster When Walter Alderfer learnt last month about the Costa Concordia shipwreck off Italy, it brought back bad memories.
GPS users, beware of jammers and spoofers Satellite navigation systems are at risk from criminals, terrorists or even just bored teenagers, with the potential to cause major incidents from maritime disasters to chaos in financial markets, leading experts warned yesterday.
More armed guards on ships, navy presence deter pirates When tanker master Miro Alibasic takes one of his company's vast ships across the Indian Ocean, he likes to have all the firepower he can get on board.
Hanjin losing business Hanjin Shipping, South Korea's largest shipping company, slid deep into the red in 2011. The carrier's operating and net losses amounted to around EUR 332 million and EUR 555 milli...
Shanghai retains top slot Shanghai (China) managed to retain its position as the world's largest container port in 2011. The port loaded or discharged 31.7 million teu, whilst its biggest rival Singapore li...
airBaltic postal cargo up 24% in winter Latvia's national carrier airBaltic reported that its volume of airmail grew to 1.37 million kg in November and December 2011 and January 2012. This equates to 24% more than the sa...
HGV manufacturer MAN posts record turnover The German truck manufacturer MAN posted a record turnover of EUR 13.6 billion (+19%) in business year 2011, and sold a total of 155,520 vehicles. The company's forecast for 2012 i...
Renault Truck Commercial in UK invests in new vans The UK company Renault Truck Commercials has invested EUR 360,000 in a fleet of 22 Renault Master and Kangoo vans. With the vehicles the company plans to enhance customer service a...
PIA finalizes order for five B777-300ERs The US aerospace giant Boeing and Pakistan International Airlines (PIA) announced a firm order for five B777-300ER (extended range) airplanes. Valued at nearly USD 1.5 billion...
UIC launches SATLOC in Romania The International Union of Railways (UIC), together with the European Commission and the European Global Navigation Satellite System Agency, launched the SATLOC project in Bra...
New container hub in Czechia Metrans, a rail subsidiary of the German service provider Hamburger Hafen und Logistik AG (HHLA), is expanding its transport network in Central and Eastern Europe by the constructi...
DSV lifts turnover and profit in 2011 DSV A/S, the international transport and logistics service provider headquartered in Br'ndby (Denmark), boosted its consolidated turnover from DKK 42.56 billion (around EUR 5.73 bi...
Karl Gross banking on Egypt Karl Gross Internationale Spedition GmbH, a Bremen (Germany)-based forwarding company, has jointly entrusted the Egyptian trades region to Philipp Küffner and Yussuf Belmikdam. To ...
Etihad Airways introduces lightweight cargo containers UAE-based Etihad Airways and its unit load device (ULD) partner Jettainer have embarked on a programme to replace 3,000 containers from the original aluminium ULD fleet with enviro...
Norbert Dentressangle investing in Ireland The French logistics and transport company Norbert Dentressangle has established a new subsidiary company in order to grow its business in Ireland. With existing operations in Dubl...
Time Matters opens new sameday air station in Aberdeen Time Matters, the expert for global special speed logistics, consistently continues to expand its sameday air network. Effective immediately, the Scottish airport Aberdeen (ABZ) is...
Somaliland clears return of convicted pirates LAWMAKERS in Somaliland have reportedly passed legislation that would allow for pirates convicted abroad to be transported back to the breakaway enclave
NOL posts $478M in losses SINGAPORE'S NOL today posted $478M in losses for 2011, reversing 2010's $461M in profits
China LNG imports soar 60% in January IMPORTS of LNG to China soared to 1
Coustas cites liner 'drain' NYSE-listed box ship lessor Danaos has returned to profits in its latest quarter results, but the corporation also warned about tenuous market conditions ahead
Ultimate slip-up by JFC RUSSIA'S biggest banana importer JFC, owned by a St Petersburg ballet impresario, has filed for bankruptcy
$900M of drugs smuggled via Africa THE UN Office on Drugs & Crime has estimated that South American cartels are generating $900M per year from shipping cocaine through Africa
Drybulk snarls drop DRYBULK port congestion has dropped to year-to-date lows, thanks to substantial easing in Australia and China
Shell, Vela lock in MR tankers SHELL and Vela have locked in MR tankers, brokers said, continuing the trend of period hires for medium-range products tankers
Rizhao bond issue raises $78M RIZHAO'S port announced today it has closed its latest bond issue
Wilmar, ADM join forces SINGAPORE'S commodity trader Wilmar International today said it plans to collaborate with Archer Daniels Midland Co in ocean freight and fertiliser purchasing and distribution
Asciano's profits jump AUSTRALIAN port and rail operator Asciano today said its half-yearly profits jumped despite last year's strikes at its stevedoring unit Patrick
MSC's ULCS fleet dwarves Maersk's EVEN AS the box sector has its eyes on Maersk's Triple-E ships, MSC - the second-biggest container shipper - has been quietly increasing its fleet
DOT Awards KCS $54.6 Million Loan for 30 Locomotives Transportation Secretary Ray LaHood on Wednesday awarded Kansas City Southern a $54.6 million loan to buy 30 new diesel-electric locomotives....
Rotterdam Port Strike Ends After Three Weeks Dock workers on Wednesday suspended a three-week campaign of rolling wildcat strikes at APM Terminals container facility in Rotterdam that...
Strong Demand Boosts Heavy Truck Backlog The backlog of Class 8 trucks on order rose to 125,200 units in January, the biggest backlog since last July,...
Two Carriers Start Joint China-Thailand Loop OOCL and Regional Container Lines are teaming up to start a vessel-sharing service between China and Thailand in March. ...
Maersk Drops Option to Order Last 10 Triple-E Ships The decision by Maersk Line not to exercise an option to order another 10 mega-containerships with capacities of 18,000 20-foot...
LA Port Urges Supreme Court to Uphold Clean-Trucks Ruling The upholding of four of the concession requirements in the Port of Los Angeles' clean-trucks plan by U.S. Court of...
NOL Renews UP Contract for Intermodal Transport NOL Group renewed its contract with Union Pacific for U.S. rail transport of containerized cargo carried by APL, it liner...
Container Exports Dipped 0.2 Percent Last Quarter Weak volumes to Europe and the Mediterranean caused U.S. containerized exports to dip 0.2 percent in the fourth quarter, providing...
APL Parent Lost $478 Million in 2011 APL's parent NOL Group lost $478 million last year, reversing a $461 million profit in 2010, as high fuel costs...
Danaos Swings to Profit, Projects Weaker Charter Market Danaos reported net income of $9.1 million in the fourth quarter of 2011 against a year earlier loss of $8.9...
Maersk to Raise Asia-Latin America Rates Maersk Line imposed a new round of general rate increases on its Far East Asia services, effective March 15. ...
Port of Tacoma Traffic Rose 8 Percent in January International container volume at the Port of Tacoma in January increased 8 percent year-over-year, as imports surged 12.4 percent at...
CAI's container rental revenue soars in 2011 CAI International is the latest marine container lessor to announce bumper results for its fiscal year ending 2011, with turnover up 64% to USD106.7 million and ...
Liners face more grief from higher bunker costs With disastrous 2011 results in the liner container industry partly blamed on year-on-year 30% plus increases in fuel costs, the outlook for ocean carriers is not ...
Seattle port trucker protest resolved A protest by an estimated three to four hundred truck drivers at the port of Seattle in the Pacific North West over pay and safety issues has ...
Durban's performance improves Transnet Port Terminals (TPT), which is in the midst of programme designed to eradicate congestion at the Pier 2 facility at Durban Container Terminal (DCT), has ...
NOL hit by near half a billion dollar loss Worse-than-expected results for the final three months of last year propelled Singapore's Neptune Orient Lines [NOL] to a thumping USD478 million net loss for 2011. ...
DSV performs well in 2011 The Danish forwarder DSV performed well financially in 2011, despite Europe's economy slowing down in the second half of the year. Revenue for the year increased ...
Rena: complex salvage continues
Tenerife gets new terminal operator The Port Authority of Santa Cruz de Tenerife has appointed OHL Concessions and Maritime Group Davila to operate the new container terminal in the East Dock area ...
Critical point for idled fleet With the latest laid-up box tonnage report from Alphaliner showing just a marginal increase in the past two weeks to 288 ships, from the end-January 286, and with ...
NOL posts $478 million net loss for 2011 Reverses 2010 profits as average bunker prices rose 33% and overcapacity hit freight rates, outlook remains uncertain.
Prices firm across the board Icy conditions easing in Hamburg port.
Prices firm in Middle East, down in South Africa All fuel grades firmer in Fujairah.
'Timing is not right' for MBMs Round Table of international shipping associations say high fuel costs are already encouraging shipowners to become more energy efficient.
2012 Bunker Lunch highest attended to date Around 160 guests enjoy IP week's first marine fuel industry networking opportunity and launch of the Bunkerworld iPhone App.
MBMs high on agenda at upcoming MEPC meeting IMO committee will continue to consider a number of proposals for market-based measures to reduce GHG emissions from international shipping.
Indian bunker supplier sees upgrade in ratings Improvement in ratings due to 'improved profitability and favourable capital structure,' says ratings agency.
Mid-week bunker prices firming in Asian ports Slack demand at key Asian bunker ports on Wednesday.
Liner segment pulls down SCI profits in Q3 Losses in liner segment blamed on weak charter rates and high bunker bills.
Emulsion fuel 'soon' to be publicly traded commodity Emulsion fuel a strong, cohesive alternative fuel source, says Next Alternative, Inc.
New bulker design cuts fuel consumption, NOx emissions Sinopacific Shipbuilding's new class of bulkers can operate on all grades of fuel, including ultra low sulphur distillates.
International Bunkering opens Singapore office 'Natural step' to move even closer to one of its main markets, says CEO Carsten Ladekjaer.
Ten 'fuel efficient' diesel-electric PSVs ordered Swire Pacific and Northstar Shipping orders 'design for purpose' vessels at shipyards in Brazil, Japan and Spain.
Hong Kong fuel oil imports decline 20% in 2011 Bunker business in Hong Kong facing 'strong' competition from Shenzhen, local players say.
Brightoil in move to capture growth Agreements with affiliate reflect the company's strategy to capture expected growth in the marine fuel business.
Lanka IOC posts slightly higher quarterly profit 'Profits have been realised in lubricants, bunker and bitumen sales,' says company managing director.
Americas market subdued on European debt concerns Americas market remains flat as crude fell on speculation that fuel demand will falter as Europe continues to struggle with its debt crisis.
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