Baltic index rises on China hopes The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose on Wednesday as the capesize index turned positive after 20 straight sessions.
Skies brightening up for US tanker market THE US tanker market looks set for better times as fewer new builds ease excess supply and rates pick up, Dahlman Rose said,
DP World full-year earnings rise 82% DP World, the world's third-biggest port operator, posted an 82 per cent increase in full-year profit, helped by gains from the part-sale of its terminals in Australia and as container volumes rose.
Leading aircraft manufacturers to jointly explore new jet fuel sources The leading aircraft manufacturers Airbus, Boeing and Embraer have signed a memorandum of understanding to work together on the development of drop-in, affordable aviation bio...
New Nuremberg-Rotterdam rail link launched The German city Nuremberg will become an important hinterland handling site for the port of Rotterdam. A new direct rail connection now links the TriCon container terminal in Nurem...
Third Boeing B747-8 freighter for Cargolux The Luxembourg-based carrier Cargolux accepted its third Boeing B747-8 freighter last Friday. The unit joins a fleet currently consisting of nine B747-400Fs, three B747-400BCFs and...
KLM further postpones resumption of Tripoli service The Dutch airline KLM once again has pushed back the planned resumption date for its Amsterdam-Tripoli (Libya) service. It is now temporary scheduled to start on 28 October 2012. T...
Duisport group satisfied with 2011 results The German duisport Group registered a total output of around EUR 149 million in the last financial year. The result, including sales from strategic investments, was slightly above...
Extension work on Kiel's Norwegenkai finished The port of Kiel (Germany) reported that construction work to enlarge the operating area at the terminal on Norwegenkai has been completed. The 9,250 sqm of extra space will be use...
Greencarrier Freight Services reaches new markets Greencarrier Freight Services has acquired a majority shareholding in Transpoint International, one of the leading logistics service providers in Poland. With this acquisition the ...
Streck Transport offering direct service to/from Czechia The Swiss general cargo forwarder Streck Transport AG, headquartered in Möhlin, is now working exclusively in Czechia with the international forwarding group Raben. Streck offers d...
Hellmann forms alliance with Rangel Express in Portugal Hellmann Worldwide Logistics UK has established a new partnership with Rangel Express and Logistics in Portugal. The cooperation includes round trip road freight services to Oporto...
New chairman of Grand Port Maritime du Havre Hervé Martel was appointed chairman of the Grand Port Maritime du Havre (GPMH) by presidential decree on 23 March. Executive director of Ports de Paris since 2009, Martel replaces ...
European Commission fines freight forwarders On 28 March, the European Commission fined 14 international freight forwarders and logistics service providers a total of EUR 169 million for price fixing in the air cargo market b...
Pirates agree hostage release for $2.9m 'expenses' Deal negotiated by Pakistan, a state opposing ransoms and armed guards
Step up fight against piracy, urges Ecsa president Rerouting vessels distorts supply chains and damages world trade
Asia ramps up ship finance, but not for everyone Few companies outside the region may benefit
Cosco posts $1.7bn loss Company still hobbled by 'onerous' contracts in dry bulk unit after shipping's largest annual loss
Idle boxship capacity falls by a fifth in last fortnight LLI data shows 565,00o teu inactive as new services absorb surplus tonnage
New LNG unit to boost small vessels on intra-regional South American trade Combined regas and liquefaction unit off Colombia to open up region's gas industry
The bell tolls for Japan's nuclear industry Another reactor shutdown boosts prospects for nation's gas imports
Converted aframaxes could help to improve oil and gas leak response Energy shipping growth demands safe deepwater drilling
LNG deliveries lower despite demand The distance the fleet travels has grown but the number of ships will not rise significantly until 2013
PNYNJ seeks speedy approval for Bayonne Bridge Port needs better access by 2014, say officials
US unveils new IRISL sanctions Two Malta shipping firms join the list
Ship finance developing home bias Asian banks dealing primarily with Asian clients now have 20% of global exposure, according to Fitch
Hamburg votes to raise its stake in Hapag-Lloyd Decision secures German ownership
Four HCI Capital KG shipping funds go bankrupt Stricken single-ship companies own bulkers
Second Grand China-linked heavylift vessel faces Rule B seizure Complaint accuses parent the HNA Group of 'pre-planned series of defaults'
BIMCO leads the way Guardcon contract brings clarity to the fight against piracy
Diana pens panamax duo with Jiangnan yard Greek owner confirms ice-class orders as market reports link it with another secondhand grab
High oil prices increase dry bulk asset values, says HSH Nordbank View that slow steaming is a positive to the market goes against those in the sector that say it is not representative of a strong market
Zim posts $397m annual loss Restructuring secures bank approval after 'difficult' 2011
South Korea hails closer ties between hi-tech firms and shipyards HHI to supervise research and development hub
Enrica Lexie forensic test results due tomorrow Vessel still detained off Kochi coast as report is expected to show if weapons used to kill two fishermen were tampered with after the incident
Getting shriller The latest jab against Vale only shows that the CSA's contest is far from won
China Merchants Holdings sees profit dip Mainland growth rates more than double those for Hong Kong
Marpol Annex V spells trouble for dry bulk owners Cargoes that harm marine environment must discharge at specialist sites
Hutchison Whampoa ports division reports flat throughput for 2011 But revenues rise 11.6% to $4.2bn
Order cancellations pressure Chinese yards CANSI offers gloomy outlook
Low-sulphur regime raises fuel quality concerns Blending for 0.5% 2020 targets could lead to engine problems or even breakdowns, says Lloyd's Register expert
Australia terminal sale lifts DP World profits Dubai ports giant announces 82% profit hike
Sacked New Zealand dockers to learn their fate tomorrow Court will rule whether to reinstate 292 workers at Ports of Auckland
Anek stuck in the red despite operating economies Big reduction in losses can be traced to non-recurring events
Black Sea pipeline nearer GAZPROM, Russia's gas exporting giant, has completed a key move toward starting its South Stream project to run natural gas under the Black Sea and into southern Europe
Panama Canal Prequalifies Three Bridge Bids The Panama Canal Authority prequalified two consortia and one company from among six groups bidding on a tender for the...
Cosco to Launch Asia-Houston Loop With Newest Ship Cosco Container Lines plans to launch its new all-water service next month between East Asia, the Caribbean and the Gulf...
US Intermodal Rail Shipments Increase U.S. intermodal rail shipments in the week ending March 24 rose 4.2 percent year-over-year and 2.3 percent from the week...
Congress Votes 90-Day Extension of Highway Bill President Obama is expected to sign into law a 90-day extension of highway programs after Congress approved the bill Thursday,...
Best Buy to Close 50 Stores Best Buy plans to close 50 stores over the next year, the latest sign of how big box retailers are...
Crowley, Teamsters Agree on 5-year Contract Crowley Maritime Corp.'s liner services division and the Teamsters union have agreed on a five-year contract for workers at the...
Fraudulent Broker Gets 10 Years in Jail A California man who pleaded guilty to a scheme that defrauded truckers and freight brokers was sentenced to more than...
Consultants: Transport Sector, Local Communities Must Collaborate for Growth Infrastructure development will be the key driver of port growth in Southern California, but it will happen only if transportation...
Senate Deliberating Fate of Highway Bill The Senate has until Friday midnight to decide whether to get on board with the House's recently passed extension to...
Survey Finds Few Truckers Ready to Add Capacity Truckload carriers are becoming more willing to at least consider adding capacity as freight demand increases, according to a survey...
FastShip Files for Chapter 11 Bankruptcy FastShip, which hoped a decade ago to launch a speedy trans-Atlantic service using innovative technology, has filed for Chapter 11...
Asia-Europe Spot Rates Edge Up Average Asia-Europe spot prices edged up slightly this week in a sign that the hefty general rate increases implemented by...
Cargolux Lost $18.3 Million in 2011 Cargolux reported a net loss of $18.3 million in 2011 from a $59.8 million profit in 2010, as Europe's largest...
ILA, Employers Meet for Talks Representatives of the International Longshoremen's Association and its East and Gulf Coast employers are meeting in Tampa this week to...
DP World Profit Soars 82 Percent DP World booked an 82 percent increase in profit in 2011 at $683 million, up from $372 million a year...
Zim Ends 2011 With $397 Million Loss Zim Integrated Shipping Services swung to a $397 million loss in 2011 from a $54 million profit in 2010 as...
US Steel Imports Declined in February U.S. steel imports declined 4.5 percent in February month-to-month despite a large increase in slab imports, according to preliminary government...
Nagoya Box Trade Rises 3.2 Percent in 2011 The number of foreign trade containers handled by the Port of Nagoya in central Japan rose 3.2 percent in 2011...
Maersk Plans New Rate Increases Maersk Line plans to implement a series of general rate increases on various trade lanes, as part of a new...
CP welcomes Canada/Japan FTA North American transcontinental railway, Canadian Pacific, said that it welcomed the weekend announcement from Tokyo by Prime Minister, Stephen Harper and Japanese ...
PoA pays-out its hard-up wharfies Many of the 300 Maritime Union of New Zealand [MUNZ] port workers that have been prevented from re-entering the Ports of Auckland [PoA] container facility after ...
CSCL posts net loss of USD428 million Following its profit warning, China Shipping Container Line (CSCL) - like many of its peers - plunged into the red for 2011 due to a weakening in volumes ...
MSC rationalises India-Europe-Med offer Geneva-headquartered MSC, said today that it has 'decided to rationalise and merge its India Sub-continent - Europe [ISES] and India Subcontinent - Med [I-Med] ...
Back to the future for CSAV Chilean ocean carrier, CSAV, carried 161,000 TEU in February - its lowest throughput number since September 2009 prior to its expansion programme, and only just ...
JNPT still strikebound India's largest container port complex run by the Jawaharlal Nehru Port Trust [JNPT] is coming to the end of day three of a four-day stoppage called by the land ...
DP World's profit soars by 67% Dubai-based DP World has announced sharply higher profits for its 2011 fiscal year which ended December 31, 2011. Its return on sales [RoS] also rose significantly ...
EC fines forwarders for 'vegetable' plotting cartel The European Commission has fined 14 forwarders a total of EUR169 million for participating in four distinct cartels aimed at fixing air freight prices between ...
Ice-class versus efficiency Diana deal prompts questions about design preferences in a market where fuel efficiency may be the flavour of the day.
GasLog to price below range Livanos LNG venture will sell below $16 bottom rung but still considered good result for fledgling NYSE listing, sources say.
Exmar pulls the trigger CFO of Belgian gas specialist says firm order for four LPG carriers at Hyundai Mipo will cost upwards of $200m.
Enrica Lexie free to go Dolphin Tanker's vessel involved in double death drama cleared to leave India.
DSX splashes cash on dry duo New York-listed owner shells out $58m to beef up bulker fleet with an order for ice-class newbuildings in China.
Havyard hits new heights Per Saevik-owned offshore shipbuilder rakes in record cash haul in 2011.
Cracked bulker held Port state report reveals Columbia vessel detained in February with damage to hull and deck.
Zim down but fighting back Ofer-controlled containership owner reports huge deficit but sees recovery on the horizon.
Wartsila on the up Finnish engine maker says Hamworthy takeover to boost 2012 profit margin to 11%.
Asian banks won't step up Fitch says eastern lenders are not ready to fill the void created by the withdrawal of European banks.
Pirates agree Albedo deal Gunmen to accept $2.85m in "expenses" to free Malaysian boxship and 22 crew.
TNK leads tanker rally Teekay Tankers is at the head of the line as Dahlman Rose's improved view fires US listed owners.
Chu Kong sails to a profit Hong Kong-listed owner shrugs off downturn to boost bottom line.
Sadra caught in sanctions net US lengthens blacklist by adding Iranian shipyard, said to be owned by a member of country's revolutionary guard.
Profit plunge for Israel Corp Ofer-controlled parent of container line Zim posts big drop in 2011 earnings.
Kang claims STX PO throne STX Group boss Kang Duk-Soo takes over as CEO of Singapore-listed owner from Lee Jong-Chul.
Anek reduces the red Ferry owner cuts losses in 2011 but talks of "critical situation" for Greek passenger sector as cuts bite.
Sharaf satisfied by spike DP World boss applauds surge in port operator's bottom line on the back of a strong second half performance.
Very large ore carriers 'here to stay' Brazilian mining giant says ships will be docking in China 'within months'.
Price movements mixed in key North European ports LS avails tight in Rotterdam.
Wanda Fabriek retires from Intertek She 'really took the lead' in revisions of ISO 8217 says her successor as chair of the working group.
Liner operator reports Q4 losses But Zim CEO says 2012 is seeing stronger freight rates.
Fujairah prices barely move Active day in Suez.
Industry scrutinises fuel saving claims Strong focus on verification of fuel savings amid stories of 'wild claims' that don't always add up.
Sulphur limit compliance levels stabilising DNVPS finds global average of fuels exceeding 3.50% is quite stable, with some ports 'more prominent' in the statistics.
Bunker volumes 'to increase significantly' at European port Supplier says container vessels and tankers are taking high viscosity IFO.
Fuel oil stocks see another surge Singapore onshore inventories at their highest level since May 2010.
IFO prices soften in key Asian ports Avails of bunker fuels 'fine'.
Dan-Bunkering employs new staff at Singapore office Introduces Fanny Tay as accounts assistant at firm, effective from January 2012.
Biofuel blend 'successfully' tested on US Navy frigate USS Ford tests 25,000 gallons of renewable blend.
Chinese shipyard delivers 'world's most advanced' AHTS OSV Hull able to reduce fuel consumption by more than 20%, says Sinopacific.
East China fuel oil inventories continue rise on week Stocks of fuel oil at regional terminals up 8.9% on arrival of Venezuelan cargo.
Hanjin Shipping receives fuel efficient container newbuilds 13,100 TEU capacity containerships equipped with 'fuel-efficient and eco-friendly engines', says company.
- 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
