• T/C - Bunker prices on delivery and redelivery

A not infrequently occurring dispute relates to bunker prices on delivery and redelivery when the prices are linked to quotes...

• RINA secures new Condition-Based Maintenance agreements

Genoa-based classification society RINA has teamed up with specialist certification services provider SPM Instrument SRL of Italy and the Italian...

• Chinese Iron Ore Purchases No Longer the Only Driver to the Baltic Dry Index

In the two months since I discussed the Baltic Dry Index (BDI), the index has rebounded strongly including having set...

• German ship owners pull aid requests

Two large container ship owners that requested aid from the German state have withdrawn their applications in a move that...

• European banks fear shipping loan defaults

Banks in Europe are breathing easy after it was confirmed much of the continent has emerged from recession. But an...

• Pirate-infested seas 'not fit for seafarers'

The ITF yesterday threw down the gauntlet to those flag states and shipowners who have not taken action to fight...

• International Register of Shipping presents to Brazilian Naval School

International Register of Shipping Managing Director Mr. Said Nassif along with IRS Brazilian representative Mr. Castello Branco,

• Kelvin Hughes Launches Enhanced Target Detection for Radar

Kelvin Hughes has recently launched Enhanced Target Detection (ETD) as an enhancement to its MantaDigital™ range of wide-screen...

• IIMS to open branch in Dubai next month

The UK-based International Institute of Marine Surveying (IIMS), the largest independent marine surveying organisation in the world, will open its...

• Freight Cycles explained

Everything has a price, and in a free market the price of anything is governed by the demand for it...

• Engines of Change 2007

Engines dominated equipment news in 2007, but that’s only the start of improvements underway. The trucking industry is being buffeted from many directions with problems ranging from soft demand with resultant price pressures, record fuel prices and intense environmental scrutiny at all levels. If that was not enough, a driver shortage has required that trucking companies look to creature... »

• RINA: New revision of Certification Rules

The new revisions of the Rules for the certification of systems entered into force on 1 February 2008: - Quality Management - Environmental - Occupational Health and Safety Management - Validation of the EMAS Environmental Statement - Quality Management - Automotive Sector Furthermore, the new revision of the document "General Contract Conditions governing System, Product and Personnel... »

• NITL Supports Short Line Tax Credit

The National Industrial Transportation League (NITL) formally endorsed extending the short line railroad rehabilitation tax credit. The rehabilitation tax credit, known as 45G, was first enacted in 2004. It provides a credit of 50 cents per dollar spent on track rehabilitation, up to a credit cap of $3,500 per mile of railroad owned or leased by the short line. “The ultimate... »

• OAO RZD will buy Container Terminals

OAO RZD are to acquire shares of container terminals all over the country, Vladimir Yakunin, OAO RZD president said at the Baikal Economic Forum. Nowadays, OAO RZD is not able to provide H/H transportation with the through rate. More than that, tariffs of OAO RZD are regulated by the state, while the tariffs of the other participants of the Port-Shipping company-railway logistic chain. Other... »

• CMA CGM and Veolia Environnement join forces in a rail transportation project

CMA CGM, the third leading container shipping group in the world, and Veolia Environnement, the world leader in environmental services, have decided to cooperate, through their respective subsidiaries, Rail Link and Veolia Transport, in developing a new rail transportation service for sea containers. This partnership is at the origin of 2 separate companies: - A combined transportation... »

• Container shipping Poti-Baku-Aktau-Almaty may be resumed

Container shipping Poti-Baku-Aktau-Almaty up to "Dostyk" station may be resumed in the next few months. Askar Mamin, Minister of Transport and Communications, has stated this today, July 27, in a break of the meeting of the ministers of transport and communications of Azerbaijan, Georgia, Kazakhstan, and Turkey dedicated to further improvement of the transport communications between Europe and... »

• The Global Shipping Halt: Is The Great Unwind Disrupting The Freight Market?

Freight shipping prices for transporting dry raw materials have collapsed in November 2008. The Great Unwind is like a Tsunami that is engulfing and halting the shipping world at an accelerating rate. The Baltic Dry Index sounds like a weather report, but what it really does is track the price of shipping bulk cargo — such as coal, iron ore, cotton and grain. Recently, the Baltic Dry Index has... »