New shipping minister visits Port of Felixstowe Stephen Hammond, a member of the British parliament and under secretary of state at the department for transport, recently made his first visit to the UK's largest container port F...
Ford Transit is most popular foreign brand commercial vehicle in Russia Ford Sollers, the joint venture business equally-owned by Ford and Sollers, had a successful start of the production of Ford Transit commercial vehicles in Russia. During the first...
Germany's rail industry generates second highest turnover in its history German railway technology manufacturers posted a turnover of EUR 5.3 billion in H1/2012, the second highest amount in the industry's history and almost 13% more than in the same pe...
Freightliner phases in new cranes at Southampton Maritime terminal Freightliner Ltd, a UK-based railfreight operator, has phased in two new rail head gantry cranes at the company's Southampton Maritime Terminal, the culmination of a GBP 9 million ...
Chep Aerospace Solutions' acquisition of eps-Aircraft Services extends repair network in Germany Chep Aerospace Solutions has just acquired eps-Aircraft Services GmbH, an equipment repair services provider based in Frankfurt (Germany). This follows a recent acquisition from No...
Hurricane Isaac has negative impact on New Orleans cargo traffic The August 2012 statistical report for New Orleans' Armstrong international airport (USA) shows the negative impact of hurricane Isaac, which interrupted flight operations for 3.5 ...
Gatwick Airport to develop options for a new runway London's Gatwick Airport Limited is beginning detailed work on the options for a new runway. This will be submitted to the independent commission on aviation connectivity, consiste...
New security director for the port of Long Beach The harbour commission of the port of Long Beach CA (USA) has appointed Randy Parsons as the port's new security director. Parsons has been with the US transportation Security admi...
Change of CEO for Hermes Logistics Technologies The British company Hermes Logistics Technologies has appointed Yuval Baruch to the position of CEO. The company is the provider of a real-time air cargo handling system emplo...
European trailer and bodybuilding industries receive awards for innovation The International Trailer Innovation 2013 awards were recently presented to the trailer and body building industries' best innovations. Awards went to Kögel's rapid hybrid tarpauli...
Deutsche Post DHL building Germany's largest parcel centre Deutsche Post DHL is taking another major step towards modernising its parcel network in Germany. Together with Alpha Industrial, a logistics property specialist, DHL, Germany's l...
DPD opens new sorting facility in Poland The parcel service provider DPD Poland, part of the DPD network, has opened its new EUR 32 million central sorting centre in Stryków, near Lodz. The facility was built in the heart...
A legal move would provide clarity on slow steaming It may be becoming more common, but there are several risks involved with this cost-saving exercise
Bunker suppliers forced to get smarter With shrinking margins, dismal shipping rates and falling asset prices, life is getting complicated for this community
Evergreen's global capacity share rises Largest market impact due in 2014, when line receives a further 212,000 teu
How big is big enough? The plight of South Korea's smaller shipyards cannot be solved by state aid
CMI forms new working group to address offshore regulatory vacuum Drilling rigs have been a blind spot that needs to be embraced in legislative efforts, says president
CMI elects first non-European president Exclusive interview: The decision reflects the maritime industry's ongoing shift eastwards
Navios Partners may continue secondhand hunt Angeliki Frangou says company seeks to boost distributions as earnings rise
OSG Chapter 11 threat is no bluff, experts believe Risk of big name tanker collapse looks very real
Blackstone arm unveils provisional product tanker order at Nassco Deal is conditional on MarAd approving $340m application for a loan guarantee under Title XI
IHI and Universal Shipbuilding delay merger again Winning approval from overseas antitrust regulators takes time
Kiamco in talks to buy five bulkers in leaseback deal Korea Development Bank offshoot still keen on international ship lease business
Beijing reaffirms cabotage exclusive for Chinese ships New law bans foreign-flagged ships and foreign-registered shipowners, but not entirely foreign capital
German politicians back shipowners' call to boost ship finance Resolution urges federal government action and KfW loans for one-ship companies
In support of bunker suppliers While there is a call for them to clean up their act, they are also at the end of the line when owners cannot pay their bills
Speculation starts on fate of OSG's two aframax newbuildings Company could make loss on ships under construction
Aiding smaller yards Ultimately, soft loans to shipping may not help the neediest shipbuilders in South Korea
OSG buffeted by downgrades as market digests SEC filing Lawyers, analysts and pundits begin to weigh details as company stays silent
Shippers claim place at heart of market-based carbon curbs Container customers ultimately bear the costs of such schemes, says GSF
Cautious customers drive down demand for new boxes Lessor CAI International posts record third-quarter revenue but warns that container production in 2012 will be below 2011 levels
Eurotunnel warns of threat to MyFerryLink French administrators of SeaFrance have still not paid funds promised when Nicolas Sarkozy was president
S&P boosts Navios profits NYSE-listed Navios Partners today posted better quarterly results than expected, driven by three recent vessel purchases
Nigeria seizes Russians in smuggling case NIGERIAN authorities have reportedly seized a vessel and arrested its 15 Russian crew members in an arms-smuggling case
Coal moves to spot basis LONG-TERM coal shipments could become obsolete, with the market moving towards spot pricing, the Platts Coal Forum in Singapore heard today
World's first nickel ore bulker delivered THE FIRST bulker designated for nickel ore transport has been delivered
UAFL might buy more ships A GERMAN shipowner wants to buy more feeder or Handysize box ships for its subsidiary United Africa Feeder Line
China's new orders drop nearly 47% CHINA'S yard sector is continuing to shrink, according to the industry ministry
STX Metal shares acquired STX OFFSHORE & Shipbuilding told Fairplay today it has acquired 28% of the shares in its affiliate company STX Metal
GPI buys rest of VCS GLOBAL Ports Investments (GPI), the Russian box terminal operator, has bought DPW's 25% stake in Vostochny Stevedoring Co (VCS)
Heung-A buys box ship STX PAN Ocean has sold one of its feeder box ships to compatriot Heung-A Shipping
Class-action lawyers already circling OSG NYSE-listed Overseas Shipholding Group is already facing potential legal liability following today's precipitous drop in share price
Malaysia yards to focus on niche orders MALAYSIA will focus on niche shipbuilding of small and medium-sized vessels of up to 30,000dwt, according to a leader of its yard sector
Novatek sues over Ust-Luga construction NOVATEK, the independent Russian gas producer, has filed suit against the building contractor for an Ust-Luga port expansion
Japanese yard orders surge 272.5% JAPAN's shipbuilding orders rose 272.5% year on year in September, thanks to more contracts with compatriot shipowners
HHI's orders drop 40% HYUNDAI HI of South Korea said today new shipbuilding orders dropped 40% year on year for the first nine months of 2012
Warnings mount on OSG CREDIT agencies S&P and Moody's slashed their ratings on OSG today, while more Wall Street analysts are abandoning ship
Profit, Revenue Jump at Container Lessor CAI Container lessor CAI International's third quarter net profit rose 21 percent to $16.5 million, and revenue jumped 36 percent to $44.9 million as utilization rates remained strong despite a sluggish global economy. CEO Victor Garcia told analysts that global production of containers is estimated at 2.2 million 20-foot-equivalent units this year....
Maersk Line Expands E-Business Services Maersk Line's global customers are now able to coordinate all of their container transportation activities through GT Nexus, the cloud-based software provider that links shippers, logistics providers and ocean and surface carriers. Over the last three months, Maersk Line has integrated its back-office systems with the GT Nexus cloud supply chain...
NAMEPA's 5th Anniversary Observed with Environmental Intelligence in Maritime Conference and Awards Dinner Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA), announced NAMEPA's Environmental Intelligence in Maritime Conference, which will feature "Greening the Marine Transportation System", "The Arctic", "Safety at Sea" and "Corporate Risk Management". The conference will be followed by NAMEPA's 2012 Marine Environment Protection Awardshonoring Maersk,...
Everglades welcomes its largest boxship as it plans to deepen channels The south Florida Port Everglades is gearing up for the widening of the Panama Canal - and the bigger ships that will follow to the US east and Gulf ports - by ...
A double-up for APM T After walking away with the Lloyd's List award in September, the management of APM Terminals were back in London last week to collect
CAI's bigger box pool pays dividends The lessor of marine containers CAI International, which has invested heavily in new equipment in recent years, posted a record third quarter performance in the ...
Idled boxship fleet to soar The number of containerships in hot or cold lay-up around the world is set to accelerate significantly in the next weeks and months as ocean carriers take the knife ...
Battle against Somali pirates almost won The latest report from International Maritime Bureau [IMB] confirms that the five-year struggle against the maritime scourge of piracy in the Horn of Africa is ...
OOCL staying in the black That seems certain given that the Hong Kong-headquartered Orient Overseas International Limited's container arm's OOCL Q3 management figures show a continuation ...
CMRE in the money Costamare surprised Wall Street Tuesday after turning in a fourth quarter gain that topped many market forecasts.
Fact versus fiction The top contenders for the US presidency don't see eye to eye on many issues but both appear to believe in the importance of sanctions aimed at Iran's nuclear enrichment programme.
Euronav trapped in the red Euronav posted a third quarter loss Tuesday, stoking fears that some of its peers may reveal deep deficits of their own in the weeks to come.
Guarded ships stay quiet Ships carrying armed guards are not reporting pirate attacks due to fear of endangering contracts, the International Maritime Bureau says.
Anything is possible Most equity analysts have discontinued coverage of Overseas Shipholding Group in the wake of yesterday's Chapter 11 warning but some still believe it's possible for the US tanker owner to stay afloat.
Scrap to seed recovery Scrapping of 15-year-old tankers could seed a recovery in the market by 2014 or 2015, Braemar Seascope says.
Dof to Latin America Dof is sending a North Sea-based anchor handler to South America on a term deal.
Commodore charts cape climb A doubling of capesize iron ore fixtures into China has been crediting with fueling a spike in earnings for the ships.
Tanker saves chopper crew A Norden tanker has saved the crew of a Super Puma helicopter that crash-landed in the North Sea off Scotland.
Samudera profit sliced Samudera Shipping has seen its third quarter net profit collapse by nearly two thirds as higher costs wiped out a slight improvement in revenue.
RBD ship held Another Rizzo Bottiglieri de Carlini Armatori (RBD) ship has been arrested, this time in Scotland.
ISC trades up Alabama owner International Shipholding Corporation (ISC) has brought in a more modern car carrier by selling off a 1994-built model.
Navios Partners presses on Fleet expansion has helped Navios Maritime Partners to a stronger than expected third quarter showing.
JP Morgan shifts gears Expectation of improved pay days for investors has led JP Morgan to boost its rating on Teekay Offshore Partners.
SAAG tanker stranded A SAAG Shipping tanker crew has been stuck in Colombo, Sri Lanka, for three months as its Malaysian owner struggles with debt.
Bumi stretches FPSO Bumi Armada has penned an extended a bareboat charter deal for one of its floating production storage and offloading units.
Icebreaker stuck in ice An Australian icebreaker has found progress very tricky 80 miles out from Antarctica.
Oldies offloaded Two elderly bulkers have been spared the breakers' torches as buyers stepped in to take them on for further trading.
Japanese union hit again JFE Holdings and IHI Corp have delayed the merger of their shipbuilding operations for a second time due to probes by Chinese antitrust authorities.
Maersk fixes fifth Denmark's Maersk Drilling has found long-term employment for the fifth of its seven drillship newbuildings.
Dajmar: "Serious damage" IRISL boss Mohammad Hussein Dajmar has warned that the Iranian shipowner is facing serious problems due to western sanctions - and the situation could deteriorate.
Hallin nabs Korea job Hallin Marine has started a new subsea project off the coast of South Korea involving its newest vessel.
Istanbul's ferry scrap Istanbul's privatised ferry owner IDO has cried foul over a potential opening up of passenger routes in the region.
OSG woes to hit owners Wilbur Ross, the US billionaire investor, could be among those set to suffer if OSG were to crash and burn.
CVSC inks VLCCs An order for two VLCCs by a CNPC and PDVSA joint venture has been signed in China, according to brokers.
Singapore backs training Singapore has unveiled further incentive schemes aimed at boosting maritime skills in the Southeast Asian City State.
Eco aframax unveiled Wartsila has launched a new aframax tanker design that it claims offers solutions for current and forthcoming emissions legislation.
Seaboard seals Mare deal Seaboard Marine has confirmed that it is behind the purchase of a feedership from Germany's Jurgen Ohle.
GSF wants shipper input on carbon reduction "Shippers are increasingly driving environmental improvement, not only through collaboration with partners in the supply chain, but through competition based on carriers' environmental performance," said GSF Secretary General Chris Welsh.
U.S.-Panama trade pact takes effect Oct. 31 According to the USTR, the agreement will call on Panama to immediately reduce or eliminate tariffs on U.S. industrial goods, which currently average 7 percent, with some tariffs as high as 81 percent.
TP Pulse: Most shippers braced for big surcharges if ILA struck Among 68 shippers surveyed by American Shipper, 94 percent said they were to be hit with surcharges if a strike had occurred. Eighty-one percent of those characterized the surcharge as "significant," while the other 13 percent said the surcharge was "somewhat high."
Caterpillar sees cloudy global economy ahead
CN benefits from increased crude oil shipments
Washington Notebook: Obama, Romney spar over China trade sanctions
OSG 'evaluating options,' including Chapter 11 OSG had 112 ships in its fleet, 67 owned and 45 chartered, and had two under construction. It operates a highly diversified fleet that encompasses crude, product, and gas tankers across a wide range of sizes.
Riots shake FTZ in Colon, Panama
UPS profit hit by pension restructuring costs The express carrier said it had a profit of $469 million in the third quarter, 56 percent down from the $1.07 billion earned in the same 2011 period.
OW Bunker and Bergen Bunkers confirm strategic cooperation Bergen Bunkers will retain existing brand name but operate as an integrated and wholly owned subsidiary of OW Bunker.
Prices falling in Fujairah Some Suez players still without product.
Weak buying interest in Rotterdam Prices falling across Europe.
ABS launches environmental management software Data tracking and analysis aimed at helping ship operators monitor regulatory compliance and operational efficiency.
Canal expansion pushed back Small delay to completion of eight-year project.
Shippers should be 'at heart' of emissions debate Lines environmental performance form part of shippers' outlook.
Japanese refiner provides ECA compliant fuel Cosmo Oil has begun supplying low sulphur bunker fuel.
'Don't underestimate our determination' to set up Hong Kong ECA 'Our long-term goal of setting up a low-emission area is very clear," says Environment Undersecretary.
UAE pipeline ready by year end Pipeline circumvents need to ship oil through Strait of Hormuz.
Bunker prices continue their downward trend in Asia Supplies of marine fuels were fine across key Asian ports on Tuesday.
Mass flow meters for bunkering not 'plug in and play' 'No boom' in custody transfer of bunkers using mass flow meters without framework, says Maersk spokesman.
Bunker suppliers urged to 'properly' draft contracts Shipping lawyers comment on case between Chimbusco Pan Nation and Maruba.
Industry should seek 'reprieve' from 2020 emissions target Target 'not feasible' because of the severity of the downturn in shipping, say players.
Chevron orders marine engines with EGR technology Engines meet Tier III emission standards, and can switch to Tier II when outside ECAs.
'Holistic approaches' needed in ship operation Fuel issues are becoming 'more complex' with the impending environmental regulations.
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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