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| AUGUST 2, 2010 |
Shipping News
- Cuba readies to dive into oil exploration
A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011, likely opening the way for full-scale exploration of the island's untapped offshore fields.
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| AUGUST 2, 2010 |
- Maersk fined US$3.09 million for evading US Iran sanctions
- Steady recovery forecast for world trade 2010/11
- NYK quarterly box revenue up 39.7pc, profit at US$131.9 million
- Tanker 'blast' investigators see other possible causes
- Maersk ups rates US$250/TEU-$500/FEU Mideast/South America
- NYK takes on TSK's intra-Asia business
- Tianjin-Haikou container shipping line launched
- Manzhouli checkpoint half-year trade volume up 17.6pc
- IMF scraps 'substantially' undervalued from yuan assessment
- Hamburg Sud to raise US west coast, Canada to Europe rates
- Canadian Pacific's quarterly profit hits US$161 million
- Canadian National Railway quarterly revenues rise 25pc
- TAL second quarter profit falls 661pc to US$4.7 million
- Major airlines face South African competition tribunal fines
- Air cargo processing accelerated by HK PolyU software
- Anchorage air cargo back to good old days: airport boss
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| AUGUST 2, 2010 |
- Promising fiscal for SCI with fair weather Q1
- Lack of direct shipping services & stiff duties hamper trade with LatAm: Report
- TT Club continues support to FIATA's training initiative
- GE Shipping's Q1 net swells
- Dumping duty slapped on chemical used in toys
- Yellow fever swells gold import figures
- Dumping duties on VSF & PVC paste resin notified
- Onion MEP hiked by $ 20/tonne
- CSL delivers another PSV to Vroon
- Demands day observed at Major Ports
- Karnataka bans even transport of iron ore to ports
- Vizag Port betters unloading record
- More freight flown in June
- Govt asks truckers not to strike
- Credit Guarantee Fund Trust for MSMEs completes 10 years
- Petroleum Ministry wants govt to bear two-thirds of subsidy burden
- NMDC chief all for national ore policy
- Trade course with Japan Trips
- Core sector loses steam
- States insist on CST continuing under GST regime for some years
- Trade with UK to be doubled in 5 years
- KASEZ & EPCES hold open house to highlight issues of export conclaves
- ADB proposes pan-Asia FTA & Asian Monetary Fund
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| JULY 29, 2010 |
- DB Schenker helps Deutsche Bahn to make a profit
Deutsche Bahn (DB) was able to improve its results from operations (adjusted ebit) by 26.1% to EUR 846 million in H1/2010 in comparison with the same year-ago figure. Freight opera...
- Hub Group reports higher income and revenue in Q2/2010
The US intermodal and logistics enterprise Hub Group Inc has reported its results for the quarter ended 30 June, generating income of USD 9.6 million in said Q2. This represents a ...
- Agility launches new service in Australia
Logistics service provider Agility is set to launch a new domestic shipping service in August in Australia, running between Melbourne in the state of Victoria and Bell Bay, in Tasm...
- Greek transport industry strike
The Greek transport industry, including its oil haulage segment, has gone on strike. The German freight forwarders' association has warned operators that loading or discharging con...
- Japan Airlines shifts to new terminal in New Delhi
Japan Airlines (JAL) has relocated its flight operations at Indira Gandhi international airport in New Delhi to the airport's new terminal 3. The construction of the modern termina...
- Airbus wins commitments worth billions at Farnborough
Airbus received commitments for 255 aircraft worth around USD 28 billion at the Farnborough International Airshow 2010. These developments signal a clear upturn for the aviation in...
- AF-KLM reports Q1 results
AF-KLM's activities in the first quarter of financial 2010/2011 saw a strong recovery in both passenger and cargo figures, in spite of the five-day closure of European air space fo...
- PD Ports creates two new managerial positions
The British port operator PD Ports is bucking the trend and creating two new positions. One of the posts is entitled group IT development manager and this job will go to Jan Loland...
- Hamburg S'd and dbh cooperate in ENS system
The German shipping company Hamburg S'd and dbh Logistics IT AG have agreed to work together on the pan-European Union's entry summary declaration (ENS). As of 1 January 2011, it w...
- RTL receives ferry with Ford cars in St Petersburg
Russian Transport Lines (RTL) is expanding its activities in the St Petersburg Big Port (Russia). RTL received the first ferry with Ford automobiles at quay N37 of St Petersburg Bi...
- UN Ro-Ro establishes Istanbul-Marseille trailer service
The Turkish company UN Ro-Ro has established a new liner service for unaccompanied trailers between Istanbul's Pendik and Ambarlin terminals and the French Mediterranean port of Ma...
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| JULY 30, 2010 |
- Small commercial vessels exempted from incidental discharge regulation
- ACL promotes Braman
- MOL investigates M Star damage
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| JULY 30, 2010 |
- Port of Kalama names interim Port Commissioner
- Matson Navigation expanding China/Long Beach Express run
- Genco Shipping & Trading receives new Supramax ship
- Port of Seattle truck registry now up and working
- Rail traffic numbers jump during week
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| JULY 30, 2010 |
- US shippers wary as box shortages continue
Large shippers concerned about supply as back-to-school and pre-Christmas peak season gets underway
- European shippers face chronic box shortages
- South African crisis
- US rapid response teams to settle box shipping disputes
- Vale rejects fears of falling Chinese iron ore demand
Miner assures investors over deliveries and sales
- Fears over capesize spot rates as Chinese...
- Wang to assess link between spending and demand
Seaspan boss seeks to disprove assumption there is a close link between the two
- Box sector would have gained from more severe...
- Capital Product adds tanker as profit dips
Company posts net profit of $5.1m for second quarter of 2010
- Singapore maritime trusts look forward
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| JULY 30, 2010 |
- CMA CGM safety nearing?
A FRENCH union leader told Fairplay this afternoon that a '500M recapitalisation ($651.23M) of debt-laden box shipping group CMA CGM looks "imminent".
- Maersk pays for sanction breach
MAERSK Line Limited has paid $3.1M to settle violations of US sanctions that bar shipments to Sudan and Iran
- SCI profits jump 60%
SHIPPING Corp of India today reported a 60% year-on-year rise in profits in the April-June quarter
- Box surcharges are only delayed
DENMARK'S AP M'ller-Maersk told Fairplay today it has merely delayed additional peak season container surcharges on Asia/Europe routes, rather than scrapped them
- Port Klang charges filed
MALAYSIA has charged a former minister with graft in one of its biggest-ever financial scandals, IHS Global Insight reported today
- Key Brazil ports stave off closure
SISTER ports in Brazil have reached a deal with environmental agency IBAMA to allow them a further 30 days to submit compliance papers, IHS Global Insight reported today
- Philippines halts rice orders
THE PHILIPPINES reportedly announced today that it is 'swimming in rice' and has stopped new import orders for this year
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| JULY 30, 2010 |
- Delta Fined $38 Million For Air Cargo Price-Fixing
- Group Aims to Reduce LA-Long Beach Terminal Congestion
- House Panel Approves Water Development Act
- SCI Profit Soars 60 Percent
- ANA Group Cargo Revenue Soars 94.5 Percent
- Vancouver Port Container Volume Up 12 Percent
- LA-LB Ports Honor Environmental Efforts
- NS Pushes Fast Track Work in Coal Country
- Debating Ideas
- Time Is Money in Claims
- Locking In Growth
- Empty Miles
- Great Lakes Carrier to Upgrade Bulk Ship
- Truck Tonnage Slips 1.4 Percent
- Acquisitions, Stock Sales Boost Universal Truckload
- GDP Growth Slows to 2.4 Percent
- BA Adding Three 747-8 Freighters to Fleet
- Groups to Host Air Cargo Pavillion
- Yusen Air & Sea Posts $13.4 Million Net Profit
- UP Names Fritz as Operations Chief
- Matson Profit Jumps 75 Percent
- Finnlines Profit Jumps on Ro-Ro Freight Recovery
- CMA CGM in Talks to Sell 30 Percent Stake
- Matson Adds Second China Vessel Service
- Greek Truckers Defy Order to End Strike
- Air Freight Rate Index Dives 10.3 Percent
- House Panel Backs Charleston Port Deepening Studies
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| JULY 30, 2010 |
- Will more VSAs be annulled?
In many countries in the western world it is estimated that up to 50% of marriages end in divorce. Business partnerships can also degenerate, and in liner shipping VSA [vessel sharing agreements] are often a marriage of convenience that may not survive the 1st 'paper' anniversary.
- China's Hainan Pan enters transpac trade
- Philadelphia shortlists operators for new box terminal
- NYK takes intra-Asia carrier TSK Line back into fold
- Sines' first half surge
- CMA CGM helps Seattle to record
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| JULY 30, 2010 |
- Olsen repels NATS attack
Fred Olsen secures suezmax resale hours after Herbjorn Hansson-led Nordic American issues arbitration warning.
- Cido Shipping banks $225m
Smoke clears as sources shed light on five-ship spending spree tied to mysterious Middle Eastern owner.
- CPLP eyes acquisitions
Evangelos Marinakis-led cartel snatches $32m from tanker arm as CPLP ignites Q2-inspired products play.
- Greek rebuffs products pact
Byzantine Maritime denies it's in talks with Peter G to sell products quintet.
- Ultragas share offer declared 'fair'
Chilean shipowner's tender that values Eitzen Bulk at $125m wins qualified endorsement.
- NATS warns Olsen on delay
Herbjorn Hansson-led Nordic American could begin arbitration against Fred Olsen over suezmax resale delay.
- Quotes of the week
IRISL brings a Butcher to London's High Court but there'll be no slaughterhouse for boxship owners.
- Amur snaps up Sovgavan
Russian shipowner plans fleet expansion after taking over Okocha Bay bulker terminal.
- Cracks appear in M Star hull
No water ingress as small breaches appear near 14-metre dent in MOL tanker at centre of 'explosion' probe.
- Georgia detains Ukrainian ship
Akkord held for entering territorial waters of breakaway region of Abkhazia.
- New5 in Numb3rs
Fantastic bargains in bananas and bulkers for breaking set the markets talking this week.
- Russian yard output down
Major shipbuilders' production drops 15% in first half, but Sevmash, Krasnoye and Okskaya on the up.
- Liners liven up SCI earnings
Indian owner's container shipping operations return to profit in first quarter, boosting overall gain.
- PGS wins second pay-out
Oslo-listed owner says Spain's Factorias Vulcano shipyard to pay EUR 40m over cancelled order.
- Tanker crude storage declines
Traders have shifted the equivalent of 16 VLCC cargoes from ships so far this year.
- Shinwa stronger in first
Better tanker and bulker markets propel Japanese owner to higher profit.
- Oily origins of Maersk fire
Blaze that injured two on Maersk Tukang thought to have started in lubricants container.
- Better times coming for Naiko
Japanese coastal bulker player slips to Q1 loss, but forecasts full-year gain.
- Daiichi turns it around in first
Japanese bulker owner set to fill coffers in financial year as first quarter sees it returns to black.
- Charges sink D'Amico
Marco Fiori-led products tanker owner sees losses deteriorate further in the second quarter.
- Pride sees profits plummet
Louis Raspino-led driller sees 54% fall in second quarter results as revenues decline across all segments.
- Finnlines feeling fine again
Finnish ro-ro owner returns to profit in first half as cargo volumes recover.
- Meiji braced for profit drop
Japanese tanker and bulker scrapes tiny profit in first period and expects full-year figure to fall.
- Condor hit by engine trouble
Channel operator rejigs schedules after Condor Express develops technical fault.
- Mitsui braced for profit drop
Japanese shipbuilder posts strong first quarter but looks set for drop in profit for the year.
- MHI erases red ink in first quarter
Japanese shipbuilder back in profit to 30 June as revenues grow.
- Braskem fixes LPG pair
Brazilian petrochemical player shakes up gas game as Eitzen arm ties up ethylene twins.
- Pipavav to reveal new identity
Indian shipyard to change name as it focuses on oil and gas and naval shipbuilding.
- Kawasaki eyes small profit rise
K Line ro-ro and bulker subsidiary posts profit in first quarter and aims for slight increase for year.
- Russia's USC brings in STX
State shipyard giant signs deal with Korean group to develop arctic vessels in St Petersburg and Helsinki.
- MCC ends Haiphong charge
The intra-Asian liner arm of Maersk is stopping surcharge at Vietnam port after congestion improves.
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| JULY 30, 2010 |
- Maersk fined over Iran, Sudan shipments
- Matson adds second transpacific string
- CMA CGM names Schapiro replacement
- BA Cargo 1st quarter revenue up 34.6%
- Cargoitalia expands to Shanghai
- World Airways adds two B747-400 freighters
- House committee calls for Great Lakes dredging
- Barge line says volumes down
- Industry applauds tariff bill passage
- Soybean shippers offer plan to grow exports
- Texas Instruments is export policy poster child
- Port trucking bill introduced
- Phnom Penh port to be expanded
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| JULY 30, 2010 |
- Little movement for bunkers this week
Prices remaining good value relative to fundamentals.
- Markets slightly firmer
Prices pushing upward in line with crude shift.
- Port awards recognise companies going above and beyond
Crowley Marine Services and Matson Navigation Company implement initiatives ahead of regulatory requirements.
- Prices end the week firm in European hubs
NYMEX showing losses in early trading.
- Fire in lubes container
Two crewmen injured on Maersk ship.
- Gains in Fujairah
'Healthy' demand in Durban.
- 'Period of adjustment' for new marine fuel specification
DNVPS will monitor uptake of 'more complex and demanding ISO 8217' and effect of new 1.00% sulphur ECA limit on quality.
- STS oil transfers 'must be properly regulated'
UK legislator says 'no one in their right mind' would allow the shipping industry to regulate STS transfers.
- Lukoil makes first deliveries at Augusta
Company sees demand at its new supply location.
- Management changes at Unicom
New Bunker Manager appointed following Vitalie Davidciuc's departure after a decade.
- Baltic Exchange changes TCE assessments
Bunkerworld will continue to provide prices for Baltic Exchange calculations.
- New Lagos office for KMC Marine Energy
Move is 'part of expansion programme'.
- Week ends with upward price movement
Demand in Hong Kong above average, while other key Asian ports saw few enquiries.
- News sales and marketing director for Chimbusco
To oversee global developments for the Chinese company.
- Fuel oil stock in East China terminals drop 5%
Volumes at 45% of total storage capacity.
- Brightoil to seek funds via 300 million share placement
Funds earmarked for future business developments.
- South China fuel oil imports drop 37% in July
China's tax on fuel oil imports dampening demand.
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