West African waters a new piracy hot spot The waters off West Africa's coast, the Gulf of Guinea, are a growing source of oil and have recently seen a spike in piracy for theft of its riches, a development seen to be fuelled partly by rising crude prices.
Maersk posts 43% drop in 2011 profit A.P. Moeller-Maersk A/S reported a 43 per cent drop in 2011 profit after falling freight rates pushed its container line, the world's largest, to a loss.
Norfolk Southern first in US to deploy clean renewable diesel Norfolk Southern, one of the largest US transporters of coal and industrial products, has penned a deal with Dynamic Fuels and Mansfield Oil, making it the first fleet user of ren...
Safmarine introducing new Wafmax vessels Shipping line Safmarine has taken delivery of the 4,500 teu "Safmarine Chilka", the first of three new Safmarine-branded Wafmax containerships to join A.P Moller-Maersk'...
Gijon container terminal investing in equipment The Gijón Container Terminal (TCG) is continuing to pursue its operational optimisation strategy and has thus added a shore crane to its equipment fleet, a Kalmar reach stacker wi...
Munich airport posts good results and posts a record Munich airport continues to rise in the rankings of Europe's most important air transport hubs, with airfreight at Bavaria's gateway to the world showing a 4% gain in 2011 and inc...
Russia and Bulgaria increase frequencies Russian and Bulgarian civil aviation authorities have agreed to double frequencies between the Bulgarian coastal towns of Burgas and Varna to Moscow. The designated carriers of ea...
Air Zimbabwe suspends services Air Zimbabwe is facing serious cash flow problems, failed to resume flights last week, and has now suspended all flights indefinitely. This was after workers vowed not to report f...
Kombiverkehr shifts 1 million truckloads from road to rail Frankfurt-based Kombiverkehr carried 4.2% more units last year than in 2010, hauling 972,600 truck consignments (or 1.95 million teu), an increase of 3,561 shipments over the prev...
RHA welcomes plans to charge foreign trucks in UK The UK Road Haulage Association (RHA) has welcomed the government's proposals to charge foreign trucks for using UK roads, which were published in a consultation by transport mini...
Hellmann introduces regular Ukraine-Poland groupage links Hellmann has established a weekly groupage service between Hellmann Worldwide Logistics in Poland and Hellmann East Europe in Ukraine. Freight can be consolidated in Nowy Tomysl, ...
Toll Group reports lower profits in H1 The Toll Group, an Australian transport and logistics corporation, reported sales of AUD 4.4 billion (EUR 3.6 million) in the first six months of financial 2011/2012 (to 31 Decemb...
Expeditors International reports solid 2011 results The Seattle-based US forwarding and logistics service provider Expeditors International reported a 5% decline in fourth quarter 2011 revenues, due to the troubled airfreight indus...
IJS Global opens German branch office IJS Global, a major provider of global logistics services, has opened a new branch office in Leinfelden-Echterdingen, near Stuttgart (Germany). The region is considered one of the...
RZD president Vladimir Yakunin awarded Italian order of merit Vladimir Yakunin, the president of the Russian Railways, has been made a grand officer in the order of merit of the Italian republic. The award was presented to him on 21 February...
New Toll Collect managing director in Netherlands Toll Global Forwarding has appointed Marinus Uleman as managing director for the Netherlands. Uleman joined Toll's predecessor Baltrans in 2005, along with other colleagues from T...
Inchcape and Al Bakri in joint Saudi venture Maritime services provider Inchcape Shipping Services (ISS) is launching operations in Saudi Arabia. ISS has entered into a joint venture with the Al Bakri Group, which will be kn...
More red ink forecast for Maersk Line as losses return in 2011 Updated: Capacity cuts but no ship removals from Asia-Europe trades
Japanese-owned chemical tanker sells for just $19m Sale price is 27% lower than last similar deal
Cost increases nearly wipe out revenue gains for Samudera Sale of containers pushes net profits up
Stockpiled oil must deploy US vessels, says American Maritime Partnership Maritime lobby presses Congress to honour its Jones Act obligations
Sekimizu urges selection of CO2 market-based measure by 2013 IMO secretary-general uses opening speech of this week's marine environment protection committee to call on its participants to intensify efforts to make progress i
Senate committee to probe cruiseship safety and environmental records Hearing follows Costa Concordia incident
Allied Maritime hit by new dry bulk charter dispute Chicago Rule B case brought by Nikator Navigation names ADM as garnishee
Shipping lawyer casts doubt on German owners' flag fundraiser VDR wants fee for every permit to flag out a ship to raise money to support training, but Hans Heinrich Nöll doubts that the scheme could be enforced
Hapag-Lloyd lands EEDI certification for entire fleet Company claims higher than average energy efficiency levels
Costa Allegra had fire safety deficiencies, records show UPDATED: Second incident likely to embarrass operator
The blame game Every line needs higher freight rates, but some flexibility on prices is also needed
Life is not cheap Conference proposal to bar ransom payments to pirates puts seafarers' lives in danger
Tug robbed in Strait of Malacca Third incident so far this year as anti-piracy watchdog warns of increase in attacks
Positive signals from increased US inventory Box carriers' supply-demand balance to improve by year-end 2013
Up to 60 vessels on sale for scrap Premium prices only for large or specialist tonnage
Tacoma sees box volumes up 4.1% in January US west coast port lifted by buoyant international trade
Maersk Tankers posts hefty loss as capacity glut cuts earnings Hopes pinned on new VLCC pool
Cosco Container Lines makes second Asia-Europe rates push Chinese line tells shippers that it plans to lift rates by $230 per teu on March 10, in addition to $300 rise taking on Thursday
Gearbulk to bring in exclusively Asian crews by 2013 Move is part of a transition to hold down costs in a prolonged period of lower dry bulk freight rates
Port terminals and supply chains add to AP Moller-Maersk profits Profit for global terminals business surges 24% to $611m
Nam Cheong profits fall 20% despite new fourth-quarter orders Malaysia offshore specialist will expand business with Petronas
Swiber posts record revenues for 2011 Strong Southeast Asian and South Asian demand boosts offshore specialist
China slams EU proposal to include shipping in emission trading scheme Pre-emptive remarks ahead of IMO debate on curbing shipping emissions
Seadrill orders two deepwater rigs from Samsung $1.2bn deal could signal further order soon
Asian box lines in US east coast- South America tie-up NYK Line, HMM, Hanjin and Evergreen launch service from March
Golar LNG places two new orders Orderbook stands at 13 vessels and FSRUs
Star Bulk settles dispute with Italian charterer Greek owner to write off $0.7m after receiving 'major portion' of claimed sum
Indian shares dive INDIAN shipping shares dived today as crude prices rose to a 10-month high, exceeding $125 per barrel
Finns finally get tonnage tax THE FINNISH Shipowners Association today hailed the country's new tonnage tax, which was unanimously approved on 24 February by the parliament
Maersk rate rise 'does not seem sustainable' EFFORTS by Maersk Line, the principal box unit of AP M'ller-Maersk, to increase freight rates on core Asia-Europe trade might not be sustainable, a shipping analyst said today
Breakers continue their cherry picking THE FLOW of ships being sold for recycling is steadily continuing, despite flat scrap prices
Blackstone bets on LNG CHENIERE Energy today confirmed a $2Bn investment by Blackstone that paves the way for large-scale LNG exports from the US
Seized ship arms presented at Indian court WEAPONS recovered from Italian crude carrier Enrica Lexie were produced today before a court in Kerala, India
Box ship S&P surges BOX SHIPS have grabbed top S&P billing for the first time this year
Wilmar unveils fifth buy SINGAPORE-listed palm oil grower and commodity trader Wilmar International has continued to shop for chemical tankers
Handysize bargains grabbed S&P DEALS are rising for Handysize bulkers, brokers said
VLCC taken for up to five years SOUTH Korea's Sinokor Merchant Marine has booked a VLCC for up to five years, said Greek broker Golden Destiny
First Resources has bumper year INDONESIAN palm oil grower First Resources has reported another bumper year, with a good harvest and higher crude palm oil prices
African oil heads to China RECOVERING Libyan crude production could create stronger tonne-mile demand for crude exports to China, a broker has predicted
Steeper tanker S&P fall seen BROKERS said today potential buyers of all tanker types are entering the market in hope of further falls in asset values
East box rates spring surprise FAR EAST/Europe box rates are bucking their falling trend, in what appears to be a certain success in planned general rate increases
Bumi Armada profits MALAYSIAN FPSO specialist Bumi Armada today announced 359.7M ringgit ($118.86M) in net profits for 2011, up 2.5% year on year
SC Gov. Haley Vetoes Bill to Deny Savannah Dredging South Carolina Gov. Nikki Haley on Monday vetoed a bill both state houses passed unanimously in an attempt to overturn...
Diesel Prices Top $4 Mark to Nearly 10-Month High Diesel prices across the U.S. topped $4 a gallon in the week ending Feb. 27, jumping 9.1 cents to a...
Seattle's Linda Styrk on Port Trucking and Cargo Diversion (Video) Seattle Seaport chief Linda Styrk says the port's moves to clean up harbor trucking are moving at a good pace,...
DOT's LaHood Urges 'Bold' Action on Transport Plan Transportation Secretary Ray LaHood on Monday urged state transportation officials to "be bold, don't be afraid" as they meet with...
Four Carriers to Launch Joint US-Brazil Loop Four ocean carriers are teaming up to jointly launch a new service between ports the U.S. East Coast and Brazil...
US Economists Expect 2.4 Percent Growth in 2012 Forecasters surveyed by the National Association of Business Economics show growing optimism about the U.S. economy's direction this year but...
Electronic Container Booking Growth Outpaces Industry Electronic container cargo booking in 2011 outpaced overall industry volume growth by nearly four-fold, according to figures released Monday by...
Hong Kong Airlines to Continue Transporting Dolphins Hong Kong Airlines is refusing to stop transporting live dolphins captured in Japan despite public uproar over its involvement. ...
China Aims to Build World's Largest Cargo Airport China plans to build the world's largest cargo airport near Beijing in a $4.8 billion project due for completion in...
APM Terminals Profit Falls 18 Percent on Volume Gain APM Terminals profit declined 18 percent in 2011 to $649 million from $793 million a year ago, but the container...
CMA CGM Trims Asia-US East Coast Services CMA CGM will trim its network of all-water services between the Far East and the U.S. Gulf and East Coast...
Maersk Lost $602 Million Last Year, Forecasts 2012 Loss Maersk Line will remain in the red this year after slumping to a $602 million loss in 2011 from a...
Cleaning Up at the Dock Drewry Shipping Consultants estimates the international shipping industry contributes about 3.3 percent of the world's carbon dioxide emissions, part of...
State Competition for DCs Heats Up After years of turning their backs on distribution centers as grey hulks full of low-paying jobs, more states and cities...
Brokering Logistics Growth Chicago, the hub around which so many of the nation's transportation assets spin, is home to two non-asset transport operators...
CSAV's New Lease on Life After three years of boom and bust, Chile's CSAV hopes a new business model and $1.2 billion in fresh capital...
Happy Days at Hapag-Lloyd A decade ago, Hapag-Lloyd operated in the rarefied air along with the world's most profitable global ocean carriers. Now, after...
Rewards of Risk You've heard the wisecracks and jokes: "How can you tell your life-partner is a consultant? He/she celebrates an anniversary by...
How Independent Are Owner-Operators? Despite the widespread treatment of drivers as independent contractors and written agreements making clear drivers are not employees, an increasing...
Atkinson's Changed World Joseph B. Atkinson knew trouble was coming when Schneider National leaped into the regional truckload business in 2008. "My competition...
Trucking Takes Two Routes Trucking in 2012 is an increasingly divided industry, not along lines such as truckload or less-than-truckload or dry van or...
Research, Interrupted One of the smallest victims of Capitol Hill's battle over transportation funding may be the one most missed by industry...
Riding the Free Trade Wave Three long-awaited free trade agreements passed Congress last year, and the U.S. is negotiating the Trans-Pacific Partnership. What next? Several...
Customs' Wish List Senior managers at Customs and Border Protection have had several recent meetings in the Los Angeles area, explaining agency priorities...
MISC counts the cost of liner exit Malaysian shipping group MISC Berhad posted a thumping pre-tax loss of MYR1.222 billion (USD410 million) for its full financial year, nine month abbreviated period ...
Airfreight acquisition flying high for Damco Damco, the stand-alone freight forwarding arm of Danish conglomerate, A P Moller-Maersk, increased its net profit contribution by almost 50% in 2011, versus the ...
Small shippers still left out in cold SeaIntel's latest research shows that small shippers are still being left to fend for themselves by ocean carriers. Working under the identity provided by a number ...
Lamu Port construction to start this week The Kenyan Government is planning to hold a ground breaking ceremony at Lamu on March 2, 2012. It will signal the start of the construction work at the new port, ...
CMA CGM reshuffles Asia-USEC loops CMA CGM has announced that it is reshuffling its services covering Asia-US East Coast - with the main changes being the rationalisation of a round-the-world-service ...
NZ's Tauranga achieves record half-year results The New Zealand, North Island Port of Tauranga has announced a record performance for its half year 2011/12 fiscal year which ended on December 31, 2011. Moreover, ...
Containerisation International seeks shippers to join Asia sentiment panel
Maersk hikes Suez Canal Fee by 60% Maersk Line is the first to announce an increase in Suez Canal Fee (SCF) in preparation for the Suez Canal Authority's 3% increase on March 1, 2012. Northbound ...
Safmarine takes control of first WAFMAX ship Grant Daly, ceo of Safmarine, has said that the delivery of the 4,500TEU ship, Safmarine Chilka [pictured], into the carrier's fleet represents a 'strong commitment ...
Maersk's liner services suffer even more in Q4 11 The A P Moller-Maersk's liner services offered by Maersk Line, Safmarine, MCC and Seago Line saw collective profitability continue to sink badly in the final quarter ...
Growth markets drive APM T Emerging markets contributed to the bulk of APM Terminals' (APM T) operating profits this year, with about 76% of the terminal manager's earnings before interest, ...
Cruise operator implements trim optimisation technology 'When you're talking about an annual consumption rate of around 70,000 tonnes, the figures will soon add up,' says cruise operator.
Bill extending Californian bunker tax break passed SB 1243 would continue to exempt bunker fuel bought in California but consumed outside of Californian waters from full state sales/use tax.
MEPC 63: Lukewarm reception for Efficiency Incentive Scheme Proposal aimed at overcoming typical objections to MBMs draws sceptical remarks during IMO presentation.
European bunker markets lack direction Public holiday in Piraeus.
Prices show little movement in Middle East hub Strong winds disrupt Fujairah weekend deliveries.
Maersk Line reports Q4 loss Fleet will continue to sail at a loss in 2012.
Istanbul LSFO supply suspended Supplier suggests owners are not buying LSFO due to economic crisis and lack of port state control.
High bunker prices choking demand Rising fuel costs have pushed many ship operators into loss, 'forcing' them to keep bunker purchases to a minimum.
Bunker leaks 'quite normal' says Namibian official 'Vessels have freedom of passage, and we can't patrol every vessel that passes-by.'
Asian markets firming as week opens Demand generally sluggish in Asian ports.
Study: PM and emissions lower on different fuel, under high loads PM, emissions and other parameters lower on Jatropha biodiesel and diglyme, against MGO.
Sinopec resumes bunkering in Shanghai after 'bad weather' Deliveries in Yangshan and Shanghai resumed from February 23 and 24 respectively.
Spanish shipper orders 'robust' engine for newbuilding Fuel efficient MAN L27/38 engine 'smokeless' while idling.
Isle of Man Ship Registry releases fuel changeover procedures 'Highly unlikely' that mixing 3.50% and 1.00% sulphur fuels will produce ECA compliant material.
Maersk Line hikes Asia-Europe rates Amid a backdrop of tonnage oversupply and high bunker costs.
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
