Debt-laden shipowners risk bank seizure of vessels Troubled shipping companies face the threat of seizures of their vessels as banks lose patience with an industry struggling with overcapacity and falling demand, industry players say.
Baltic index surges on rising demand for iron ore The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, jumped on Friday as rates for large capesize vessels rose on increasing iron ore activity.
Kapsch CarrierCom wins rail industry award Kapsch CarrierCom, which is a part of the Kapsch group of telecommunications companies and which manufactures independent system integrators for railway operators, was presented w...
Swiss speed check test runs a success Speed checks that measure speeds over a stretch, rather than just at one point, have been found to improve safety on Swiss motorways, according to the results of a trial runs in t...
Hertz Trucks Australia banking on automatic models Australian Trucks & 4WD Rentals, the Hertz rental trucks franchisee for South Australia, New South Wales and Victoria, has started to gradually replace all of the manual gear ...
Avient Aviation awards GSA contract to Globe Air Cargo in France Avient Aviation has awarded a cargo GSA contract to Globe Air Cargo in France, to market its growing freighter network linking Europe and Africa. Globe, which is part of the ECS G...
CMA CGM and Maersk Line cooperating in Asia-Europe trade Maersk Line and CMA CGM will jointly offer two new services on the Asia-Europe route, which will replace the MEX service operated by CMA CGM and Maersk Line's MEX2 (AE11) and AE20...
PCC Intermodal grows in intermodal transport market In 2011 PCC Intermodal, a leading private Polish intermodal transport operator, carried more than 140,000 teu, a 23% improvement compared to 2010. In Germany the company transport...
Kenya Airways launches freighter service to China Kenya Airways and KLM Royal Dutch Airlines have jointly launched the first direct freighter service between mainland China and Africa, operating on the Amsterdam-Guangzhou-Nairobi...
Goodman building logistics centre for Rhenus The real estate company Goodman is developing and will then manage a 22,000 sqm logistics facility, to be called the Logistikzentrum Frankfurt (Main-Kinzig), for logistics service...
"MOL Maneuver" containership in collision The "MOL Maneuver", a MOL-operated containership, collided with the box ship "Cosco Zhen He" on 22 February, on the open seas southeast of Hong Kong whilst sail...
Arab aviation expert opposes EU emissions trading scheme Georges Hannouche, CEO of Bayanat Airports Engineering and Supplies and one of the Arab world's leading aviation industry experts, has strongly opposed the unilateral initiative b...
In Time Express grew in 2011 In Time Express Logistik, a leading German express and courier service provider, continued to expand last year, despite a declining economy. Sales in 2011 rose by about 10% to EUR...
TNT Express reports difficult 2011 Struggling CEP service provider and integrator TNT Express has announced its latest results, which saw the previous year's fourth-quarter EUR 4 million net profits turned into a E...
Rickmers Group strengthens team with new deputy CFO Mark-Ken Erdmann will join Rickmers Holding in Hamburg as the new deputy CFO on 1 July. He will look after a range of tasks, including accounting and controlling, tax, IT, human r...
Geodis Wilson names Ronnie Kempf head of Munich branch Geodis Wilson, a global freight management specialist, has placed Ronnie Kempf in charge of its Munich branch, where he will also manage customer relations and acquisitions. Kempf ...
Brussels awards Lithuania $24m for new Klaipeda ferry terminal Public financing is necessary to improve country's accessibility and boost regional development, says European Commission
Big Apple box volumes pip the 2007 record Terminal cluster sets a new high with 4% rise in total volumes to 5.5m teu equivalents
Port operators pick up a Latin beat DP World, APM Terminals and Spain's Grup TCB are building up their presence in South America
From boom to bust Why consolidation means bankruptcy for some Chinese yards
Monetary easing will not save China's struggling shipyards Demand will make a difference but new orders remain elusive
Chinese pay up to secure Libyan crude Concern over Iranian supply boosts suezmax earnings for Libya to China voyages
HMM Rule B attachment against Grand China faces identical lawsuit Reederei Claus-Peter Offen arm San Vicente files $1.9m claim in Alabama
Adjustment: Not your average profession All parts of the maritime world are facing the problem of demographic imbalances
Huge gas bills? Get used to it High household energy costs are here to stay
Shipping sidelined at Somalia conference Industry disappointed by ransom taskforce
Schettino faces fresh criminal charges Costa Concordia investigators may target bosses as master is accused on new counts
Dry bulk industry cautiously optimistic about future demand 40%- 50% of orderbook could 'disappear', says Genco Shipping chairman
Ballast water hopes dry up The chances of the world fleet being kitted out with biological treatment systems by the end of the decade are pretty much zero
Ballast water timetable cannot be met, experts warn Plans imply fitting out 24 ships a day, every day until end of the decade, at $74bn cost
DryShips skates into iceclass bulker market Bulk operator orders four iceclass panamaxes for Northern Sea Route
Drydocks World and Saipem secure strategic agreement Partnership from conception to delivery to build FSOs and FPSOs
Care to share? The whole industry would benefit from ports disclosing timely, accurate data
Hamburg in the balance as KG model falters Lack of alternative funding threatens city's maritime dominance
Genco prices follow-on share issue Analyst believes resulting debt cost savings more than offsets 21% equity dilution
Monthly box traffic index reveals tentative recovery Index hits 111.1 points in January, up from 107.7 in November
SHI wins $1.1bn orders for two drillships Both vessels to be delivered to unnnamed buyers by end-August 2014
Maersk aims for second Asia-Europe rate increase Danish line advises shippers of planned $400 per teu rise on April 1
Hong Kong's shipowners want help from China HKSA hopes Beijing government can ask Chinese shippers to prioritise local owners
China urges Nigeria to protect Taiwanese bulker after pirate attack Seafarer and ship master shot dead off Lagos
New York State makes U-turn on ballast water EPA's national-level and IMO-consistent standard adopted until end-2013
Hope springs eternal Chinese monetary easing and a new production season raise brokers' hopes
Pacific Drilling extends option at SHI Ofer-controlled firm to decide by March 2
US grain transport rates fall TRANSPORT rates for US/Japan bulker cargoes of grain have dropped more than 11% compared with a year ago
Russia privatises Murmansk MURMANSK's port on the Barents Sea has been privatised by the Russia's state property agency
Tough juggling at Cosco Corp COSCO Corp (Singapore)'s shares fluctuated today after analysts predicted a tough 2012 for the Singapore-listed shipbuilding and bulker subsidiary of China COSCO
Gazprom told to start pipeline work GAZPROM has been told by President Dmitry Medvedev to start building the South Stream pipeline under the Black Sea as soon as possible
US sentences figure in Nigerian bribery A FORMER boss at a Halliburton-tied engineering company has been sentenced to 30 months in prison in a decades-long LNG bribery scam
Contargo takes over Spedition Pöhland ONE OF Europe's biggest intermodal box operators - Germany's Contargo - today announced the takeover of a smaller German competitor
India keeps Iran oil sourcing INDIA has decided to continue sourcing crude from Iran and to seek 5M tonnes more oil from Saudi Arabia
NCL returns to bonds NCL today announced its third move into the junk bond market, seeking to raise another $100M
Disputed oil arrives A TANKER carrying 600,000 barrels of disputed Sudanese crude oil reportedly arrived today in Japan's Kiire port after a delay of more than a week
Global Palm profits boom INDONESIAN palm oil cultivator Global Palm Resources has announced that its 2011 profits rose 17% year on year
U-turn Rieber to invest GC RIEBER, the listed Norwegian operator of seismic research and specialised offshore tonnage, said today it plans to buy new vessels after a solid 2011
IOI plantation profits up 19% IOI CORP, Malaysia's second-biggest palm oil producer, has announced that its plantation's net profits increased by 19% y/y to 462.3M ringgit ($153.33M) for 2QFY2012
Pacific Supramaxes rise SUPRAMAX activity in the Pacific has risen this week, in contrast with the bearish market in the Atlantic
GulfNav joins Navig8 pool DUBAI'S Gulf Navigation has joined Singapore-based Navig8's VLCC pool, VL8
Capesizes thrive on ore to China BROKERS told Fairplay today that charterers are rushing to send Brazilian iron ore to China, with some fixing early to cover the Easter holiday period in April
Safety Groups Challenge Trucker Work Rules in Court Safety groups opposed to longer truck driver hours of service on Friday filed the second court challenge to new federal...
Roadrunner Transportation Buys Logistics Firm Trucking and logistics company Roadrunner Transportation Systems acquired Capital Transportation Logistics in Nashua, N.H., for $6.25 million. The acquisition...
Hapag-Lloyd to Call at Baltimore First on Europe-Gulf Loop Hapag-Lloyd plans to make Baltimore its first westbound call in the U.S. on its weekly Gulf of Mexico Express from...
China's Evolving Culinary Taste to Drive US Exports Sophisticated food demands of newly affluent consumers in China and other developing nations are likely to ramp up demand for...
Procter & Gamble to Cut $4.5 Billion From Supply Chain Global manufacturer Procter & Gamble plans to wring $4.5 billion in savings from raw materials, packaging and logistics as part...
YRC's Welch Details Trucker's Turnaround Progress (Video) YRC Worldwide's new CEO James Welch details the progress of the turnaround efforts for the $5 billion trucking operator. ...
New Home Sales Down 0.9 Percent in January Sales of new homes slipped 0.9 percent in January following four straight months of increases in which home sales rose...
House Republicans Look to Scale Back Transport Plan House Republicans might scale back a five-year, $260 billion transportation bill, shortening its term, reducing overall spending, but restoring funding...
Truckload Carrier Swift Adds Capacity Online Swift Transportation, the nation's largest truckload carrier, is increasing capacity by using technology that gives it quicker access to other...
Freight Rate, Surcharge Update for Week of Feb. 20-24 Maersk will raise its rates on containerized shipments from India to South Africa, starting March 12. The planned increase...
Container Accident Kills NJ Dockworker A dockworker was killed Wednesday night at the Port Newark Container Terminal in New Jersey after she was pinned between...
Anticipating Further Gains in the Gulf You wouldn't think the country has been skirting along the fragile edge of an economic downturn by looking at business...
Steeling for Growth in Mobile Alabama's Port of Mobile has turned out to be the perfect match for German steel manufacturer ThyssenKrupp. In its...
PNW Power Play There is no question the ports of Seattle and Tacoma face competitive challenges. They are losing market share to Canada's...
Shipping Gains For transportation carriers, questions over emissions and environmental impact usually begin and end when vehicle engines shut down. That's at...
Best Offense Is a Zone Defense Q: We have a large customer with distribution facilities in Southern California that insists on charging us "commercial zone charges"...
Asia Air Cargo Falls 13.7 Percent, Signals Tough 2012 Freight carried by Asian airlines in January fell 13.7 percent year-over-year, signaling another challenging year for carriers as European demand...
Amsterdam Schiphol Boosts Earnings 15.1 Percent Amsterdam Schiphol airport boosted net income in 2011 by 15.1 percent to $260 million from $226 million a year ago,...
Maersk Hikes Asia-Europe Westbound Rates $400 Maersk Line will hike westbound rates on the Asia-Europe trade lane a further $400 in April, as the world's largest...
Cummins Expands Exports to Central America U.S. diesel engine maker Cummins is increasing exports to Latin America through a joint venture with Grupo Laeisz, an equipment...
UASC adjusts and scales back its South American services UASC will reconfigure its European services to/from the east coast of South America (ECSA) from the end of this month. The move will see the Dubai-based carrier ...
Transfennica resumes Bilbao - Tilbury connection Netherlands-based ro/ro and con/ro operator, Transfennica, has reacted to customer demand and included a weekend direct call at Tilbury on its weekly Bilbao - Zeebrugge ...
Kombiverkehh grows traffic Frankfurt-based Kombiverkehr KG increased its rail traffic by 4.2% last year, up to 972,600 truck consignments, equivalent to 1.945 million TEU. The majority of ...
How much more pain can boxship owners take? As another week of negative drift on daily hire rates for container ships ends, it leaves owners still desperately looking for the uptick; or at least the light ...
Fuel cost explosion erodes liner rate hikes The red-inked stained balance sheets of the liner container industry is unlikely to be improved anytime soon by recent gains in ocean freight rates if ...
Maersk pushes GRIs ahead of results A slew of rate hikes announced by liner giant Maersk Line across various global routes in the past few days, and coupled with last week's surprise announcement ...
Somalia terror conference vows to crack down on piracy The London conference on Somalia issued a final communique last night supporting measures for political stability, the fight against terrorism, and the modern-day ...
Ports of Auckland facing three-week stoppage A three-week strike by 300 dockers began at New Zealand's Ports of Auckland [PoA] container terminals today [February 24] in the latest escalation ...
CO2 reduction estimates for tankers are 'optimistic' MEPC 63 to consider summary of OCIMF project that takes 56 emission mitigating measures into account.
Americas market shows mixed pricing Futures advanced above $109 a barrel for the first time in almost 10 months as sanctions against the Persian Gulf nation make it more difficult to sell oil.
World Fuel Services shares downgraded Shares downgraded from an 'overweight' rating to an 'equal weight' rating in a note issued to investors on Friday.
Global bunker prices display mixed movements this week Futures advanced above $109 a barrel for the first time in almost 10 months as sanctions against the Persian Gulf nation make it more difficult to sell oil.
DFDS achieves fuel use reduction target 'Environmental goal' set in 2007 to reduce bunkers consumption and CO2 emissions by 10% has been reached.
Prices firm in Rotterdam, Hamburg Poor demand in Piraeus.
Valero appoints new director Philip Pfeiffer elected to the company's board of directors.
Prices in Fujairah lack direction Other ports also showing moderate and mixed price movements.
External: Global Vision Bunkers B.V
Compliance with new sulphur limit improving further DNVPS finds global share of commercial samples testing above 3.50% shrinking in first half of February.
Hapag-Lloyd publishes brochure on sustainability operations Driven by Responsibility brochure describes company's numerous environmental initiatives.
Asian IFO prices firming as week closes Mixed demand at major Asian bunkering hubs on Friday.
Malaysian liquid cargo hub operator eyes $13 million expansion Aims for 10-20% increase in tonnage handled at Linggi International Floating Transhipment and Trading Hub.
NOL shares get 'sell' rating Analyst raises NOL's full year 2012 loss forecast on assumption of higher bunker costs.
Salvors complete partial fuel removal from Costa Concordia Salvage team to prioritise debunkering of the cruise ship's mid-section after forward ship has been emptied of fuels.
Aegean beats analysts' estimates Dahlman Rose attributes Aegean's higher-than-expected results to stronger realised spread on bunker fuel sales.
ExxonMobil subsidiary clarifies safety alert bulletin Notice intended to emphasise the importance of ensuring that on board fuel management processes 'are robust and rigorously followed', says IMT.
Emerson expands Coriolis flowmeter range Adds large line size version to its ELITE High Capacity Coriolis product range.
WFS posts 'record' full-year earnings Plans to 'fortify' success through growth, diversification and differentiation, says CEO.
Americas market surges on back of crude rally Prices in Santos rose double digits on Thursday.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
