Baltic index up as rates of smaller vessels rise The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose for the 20th straight day on Wednesday, as demand in the Atlantic basin pushed up rates of smaller vessels.
EU plans to strike pirates on Somali coast The European Union will likely approve today plans to strike Somali pirate equipment on beaches, widening the scope of its naval operations four years into a mission to protect shipping.
Maersk unit to develop port in Costa Rica APM Terminals, the port operating arm of Danish oil and shipping group A P Moller-Maersk yesterday said it had won a concession in Costa Rica to develop a port, carrying an investment of about US$992 million.
Indian Railways carry 875.6 million t of freight Indian Railways carried 875.6 million t of revenue earning freight traffic between April 2011 and February 2012. The freight volume carried increased by 42.94 million t, or 5.16%, ...
BLS Cargo lands major contract The Swiss rail service provider BLS Cargo has landed a major contract from the Swiss steel industry. BLS is now hauling different steel products by blocktrain from Emmenbrücke (Sw...
AfDB supports road infrastructure development in Kenya The African Development Bank (AfDB) and the Kenyan government recently signed loan and grant agreements to support road infrastructure development in Kenya. The financial package i...
Tercat takes delivery of second batch of quay cranes On 16 March, the port service provider Tercat took delivery of four super post-panamax quay cranes for its new container terminal at Muelle Prat at the port of Barcelona (Spain). T...
Hong Kong airport reports double-digit cargo increase in February Hong Kong international airport (HKIA) recorded growth in all three traffic categories in February 2012. The cargo traffic division reported a double-digit increase of 18.6% over t...
Hellmann UK and DTC start overland shuttle services Hellmann Worldwide Logistics UK, partnered by the Nuremberg (Germany)-based Deutschen Transport-Compagnie (DTC), is offering another direct transport service to the federal states ...
Africa Container Lines launches new Alicante - Ghazaouet link Africa Container Lines, a shipping company specializing in services between Spain and the Maghreb countries, has launched a new ro-ro service from Alicante (Spain) to Ghazaouet (A...
Iata's secure freight programme gaining worldwide acceptance The International Air Transport Association (Iata) has announced that Malaysia's civil aviation authority has signed a memorandum of understanding (MOU) on expanding the secure fre...
Smiths Detection launches new air cargo scanner Smiths Detection has unveiled a new, dual-view X-ray inspection system designed to meet the growing global demands of screening large cargo, pallets and freight items on both passe...
Chairman nominated for Save our Seafarers campaign Alastair Evitt, president of InterManager and managing director of Meridian Marine Management Ltd, has been appointed chairman of the Save Our Seafarers campaign (SOS). Evitt, who ...
SBS appoints new USA director for human resources Supply chain provider SBS Worldwide has appointed Jim Frentheway as human resources director USA. Frentheway has worked in HR for a variety of USA-based companies for 24 years. His...
Austria's Lagermax group takes over Frikus The owners of Frikus Friedrich Kraftwagentransport und Speditions GmbH, based in Zettling near Graz (Austria), are divesting themselves of the Austrian forwarding and transport com...
Hellmann UK: new partnership with Rangel in Portugal Hellmann Worldwide Logistics UK, part of German logistics group Hellmann Worldwide, recently established a new partnership with Rangel Express and Logistics in Portugal. The allian...
Hanjin Logistics opens at Schiphol Hanjin Logistics Europe BV - a subsidiary of South Korea's Hanjin Logistics - has opened a new on-airport base at Amsterdam airport Schiphol. The new facility, which includes both ...
Transpacific or bust Ill-timed cascade of tonnage will struggle to achieve economies of scale
Northern sea route sees rise in traffic Cargo volume to double this year
German banks plug covered bonds A 100-year-old style of German investment vehicle could be poised for a revival
Norway and Russia to ride fourth wave of LNG exports Arctic and Sakhalin reserves lead 2030 boom
Gazprom to build new port for oil exports on northern sea route Ice no obstacle for the Russians
Outlook darkens for Black Sea product tankers Russian exports of cleaner diesel will lead to more shorthaul voyages
All fuel off Costa Concordia by Friday But wreck removal will take up to a year
Capital shuffles suezmax charters in deal with BP Last crude tanker is taken off spot market
APM Terminals finalises Costa Rica concession Ports giant to invest $1bn in Moin Container Terminal
UK ports welcome review of habitats and wild bird directives Planning restrictions impose 'ridiculous costs'
Exclusive: Maran Gas orders two more LNG carriers from Daewoo Angelicoussis company confirms 11 orders
Keep LPG carrier ordering in check, warns broker New trade patterns support liquefied petroleum gas shipping market
LNG shipping to become 'two-pronged' Market to be split between two classes of ship, says broker Barry Rogliano Salles
CMA 2012: Shipping must accept the high price of low-sulphur fuel Fuel switchover the best solution to emission control regulation, says DNV chief
Erck Rickmers caught up in political row over Hapag-Lloyd sale Shipowner is also a member of the majority Social Democratic Party in the Hamburg parliament
South Korean shipyards to increase revenues 7% this year Chinese yards will close and other countries' shipyards will struggle to land orders
SeaFrance five on organised theft charges Fraud said to total hundreds of thousands of euros
Klaveness investigates fuel leaks from Bareli Oslo-based operator seeks to remove bunker fuel soon
Costamare raises $106m from follow-on offering Boxship owner will expand fleet and build liquidity
US Gulf holds supramax market lead Rates hit $22,000 per day out to Asia
No change for Jones Act conversions Restrictions on overseas repairs to over 7.5% of ships' steel weight will not tighten
Troubled tanker owners put quality and safety at risk A fine line between cuts and cutting corners, says Thome
Politically hoarse Exim banks ultimately support yards to save jobs
Doing it better Lloyd's List: Better Shipping will help owners get to grips with the challenges of asset management
Tangshan Port posts 31% rise in profits Surge in throughput continues
Hanjin Shipping plans to launch three box services in two months South Korea's top container line to work with Grand Alliance and Cosco
Storms hinder Rena salvage Response team monitors oil sheen from wreck
Middle East client converts South Korea VLCC order to LNG carrier Owner bets on strong demand for gas tonnage
Brussels warns six EU countries European Commission alerts six member states over failures on maritime accident investigations and on flag state rules
Ports of Auckland plans April lockout Ban on unionised labour follows four-week moratorium on plan to contract out jobs
Kiel's €1.2M expansion opens An extension to the port of Kiel opened today, just over a year after construction started
FastShip goes bankrupt FASTSHIP, which spent a decade seeking funding for its high-speed concept, has sought Chapter 11 bankruptcy protection in Delaware
Seaway opens optimistically THE ST LAWRENCE Seaway opened its locks to navigation on 22 March, optimistic the 2012 navigation season will see a continuation of 2011's increase in traffic
German agents slam cost hikes CARGO growth in Hamburg is likely to be strangled and traffic rerouted via Benelux ports if local port and handling cost increases are not curbed, port and liner agents have warned
USCG rejects foreign rebuild petition JONES ACT carriers were rebuffed by the US Coast Guard in their petition seeking clarification on foreign rebuild rules
Costamare raises $106M BOXSHIP lessor Costamare today priced its follow-on offering at $14.10 per share, a 9% discount to yesterday's closing price
Mixed reaction to UK budget THE UK Budget has inspired mixed emotions from players in the shipping industry
Vanino port attracts new bidder THE contest for control of Vanino, the bulk cargo specialist port at the northernmost end of the Sea of Japan, is heating up again, as the Mechel group has filed for government permission to bid
Hat-trick for Bumi Armada MALAYSIAN offshore vessel operator Bumi Armada said today it has won a third contract with Brazilian oil company Petrobras
HPH Trust to trade in Singapore dollar SINGAPORE-listed Hutchison Port Holdings Trust, currently listed in US$, will move to a dual currency trading platform from 2 April
MOL, Marubeni and Mitsui to participate in FPSO project MOL, Mitsui & Co and Marubeni today announced a joint investment in a long-term FPSO project in Brazil's pre-salt oil field
China's coal imports surge to new high in February CHINA'S coal imports surged to record monthly levels in February, according to customs data
Sanko woes boost Supramaxes BROKERS told IHS Fairplay today that Sanko Steamship's financial woes are helping the Supramax market, as charterers are steering clear of any ships owned and operated by the Japanese company
China imported more LNG in February CHINA imported 830,000 tonnes of liquefied natural gas in February, up 26% year-on-year, according to latest customs data
Stolt Valor CTL after fire THE 2004-built parcel tanker Stolt Valor has been declared a constructive total loss following a fire that started on board on 15 March when the vessel was in the Persian Gulf
BNSF Rates Unfair, Shippers Tell STB Shippers on Thursday got their shot to tell the Surface Transportation Board that it's unfair for them to pay higher...
DHL Express Adds Hong Kong-LA Freighter DHL Express is expanding next-day package service between Asia and the U.S. and Western Canada with a new flight connecting...
US Manufacturing 'on Track' for Growth, Report Says U.S. manufacturing recovery continues on track and should outperform overall GDP growth through 2013, according to a quarterly report by...
Spot Rates Ease in Asia-Europe Trade Average spot prices in the Asia-Europe trade slid this week for the third consecutive week following the huge March 1...
Lufthansa to Sell Jade Cargo Stake Lufthansa Cargo plans to sell its 25 percent stake in Jade Cargo International, the China-based carrier that grounded its freighters...
APM Terminals Gets Green Light on Moin Project Costa Rica gave the final go-ahead for APM Terminals' 33-year concession to build and operate a $992 million container terminal...
Costamare to Sell 7.5 Million Shares, Purchase Ships Container ship charter owner Costamare said proceeds from the sale of 7.5 million shares in a secondary offering on the...
FedEx Profit More Than Doubles FedEx Corp.'s profit more than doubled during its fiscal third quarter, fueled by record holiday package shipping, higher profit for...
Port of Mumbai to Waive Charges on Collision-Affected Traffic Bowing to intense pressure from the local trade community, India's Mumbai Port Authority agreed to waive charges levied on vessels...
Japan Posts Surprise Trade Surplus Japan posted a surplus of $396.39 million in its trade with the rest of the world in February after incurring...
G6 to continue serving Poland via transhipment The new G6 alliance between the Grand Alliance (OOCL/NYK/Hapag-Lloyd) and New World Alliance (MOL/APL/HMM) will no longer call directly in Gdansk with its Loop ...
Auckland unions accuse PoA of unlawful lock-out After being encouraged to return to the bargaining table yesterday by an Employment Court judge, the management of the strike-plagued contracting-out Ports of Auckland ...
BIFA rues fuel tax hike The British International Freight Association [BIFA] said it is 'disappointed' that the fuel duty increase planned for August was not scrapped in yesterday's UK ...
Yang Ming stalls delivery of 4,500TEU series Contained in a regulatory filing advice, Taiwanese carrier, Yang Ming has postponed the delivery of 5 x 4,500 TEU boxships, stemmed for the second half of ...
Hapag-Lloyd clarifies 2011 results Hapag-Lloyd has confirmed more details of its financial performance in 2011. According to the consolidated financial statements approved yesterday by its Supervisory ...
Port of Long Beach's Lytle unveils strategies for 2012
Idled boxships: approaching one million slots The latest numbers published by Paris-based analyst, Alphaliner, suggest that the one million redundant slots watershed is not too far away - with the figure as ...
New chief for Norway owners Color Line chief executive Trond Kleivdal promises to be a good helmsman as he takes over as president.
Short score for Ocean Rig George Economou's drilling venture nets near $70m deal for semi-submersible off West Africa.
Costamare aims for $106m Greek boxship owner prices new stock offering at $14.10 as shares sink to $14.07.
Bareli slipping under water Work to remove bunkers and boxes from Klaveness containership continues but vessel appears to be in a dire situation.
Capital cashes in tanker Evangelos Marinakis-led owner sells one of its smallest ships as it secures period deals for two suezmaxes.
Vernicos adds another Greek owner snaps up second second-hand tug in three weeks following Asian raid.
DHT could buy VLCC brace Svein Moxnes Harfjeld-led owner will have the firepower to swallow a couple of five-year-old VLs following effective recapitalisation, Jefferies says.
Over-exposed in the Caribbean Male couple arrested on Celebrity Summit in Dominica after they were spotted having sex - on gay cruise.
ICAP sees Atlantic bright spot Broker finds a crumb of comfort in Italian steel figures following string of furnace shutdowns in response to slowing construction.
Croatia back to square one More crisis talks due after government rejects privatisation bids for two shipyards.
Cosco Corp makes PSV move Singapore-listed shipbuilder secures offshore breakthrough with four-ship contract from US owner.
Havila hooks Petrobras pact Njal Saevik-led offshore owner wins a fourth PSV period deal with Brazilian titan.
India pleads for cover IOC and Hindustan Petroleum ask Iran's national oil company to insure tanker shipments as US sanctions bite.
Berglund takes PB hot seat Ex-Stena and OSG bigwig fills the vacant CEO's chair at Hong Kong-listed bulker owner.
Rotterdam players report 'paltry' demand Prices softening in European markets.
Prices mainly falling in Middle East and South African ports Good bunker demand in Fujairah.
Fuel oil stocks still climbing Singapore on-shore inventories at highest level for ten months.
LR introduces 'ECA calculator' Aims to support the decision making process as shipowners consider different scrubbers versus distillate fuels.
Berglund to leave Chemoil Announcement says he is to become Executive Director and CEO of dry bulk operator.
Asian bunker prices largely flat Marginal changes in IFO prices in Singapore, Hong Kong.
Turkish player supplying IFO Trial period has gone well, says Oiltrade Marine.
Dan-Bunkering appoints senior trader 'Natural step' to promote Jesper Glistrup.
Brightoil places 'key focus' on risk management Plans to pursue opportunities where there is 'an appropriate balance between risk and reward.'
MISC seeks compensation from bunker supplier Move follows the reversal of a district court decision in the US that paves way for the company to seek damages from Equatorial.
Andatee continues to assess CEO's buyout proposal Special committee retains independent financial advisor to assess the proposal.
Caltex Australia adds new bunker tanker in Sydney The 65-metre Anatoma will support the booming shipping market in Sydney.
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