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| MARCH 16, 2010 |
Shipping News
- Cosco expects to hit rate hike target in new contracts
China Cosco Holdings, the nation's largest container-ship operator, expects to win its targeted rate increase in new contracts as world trade rebounds and shipping lines curb capacity.
- Feb throughput slips 6.4% to 2.1m TEUs
THE caution that container lines have been showing going into the first quarter appears to be justified.
- Dhaka to urge Beijing to use Chittagong port
Bangladesh will persuade China to use Chittagong port as a commercial outlet for its southern Yunnan province, Foreign Minister Dipu Moni said on Sunday.
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| MARCH 12, 2010 |
- JostGroup equips fleet with Transics IT solution
The Luxembourgian transport company JostGroup has equipped its fleet with Transics on-board computers. The new order follows a long and successful cooperation between Jost and the ...
- Rail investment by the state creates more jobs than building motorways
Around 66% more jobs are created when the state invests in railway infrastructure than when it pumps its money into building motorways, according to calculations presented by Vienn...
- Deutsche Post DHL reports substantial net profit in 2009
Deutsche Post DHL, one of the leading postal and logistics service corporations worldwide, generated an underlying ebit of EUR 1.47 billion in 2009, exceeding its November forecast...
- Gefco Germany relocates Munich airport branch
Gefco Germany has replaced its Eching location with a new branch office in Schwaig-Oberding, near Munich airport (Germany). The Gefco group has eleven subsidiaries in Central and E...
- Rhenus Freight Logistics opens Nancy office
Rhenus Freight Logistics opened an office in Nancy (France) in February where it offers all its logistics services, including consolidation, distribution, charter traffic and wareh...
- APM Terminals top candidate to run port of Monrovia
APM Terminals, which responded to a public tender issued by the Liberian government for the concession to run the port of Monrovia in December 2009, has now been named as the prefe...
- DP World cautiously optimistic
Global marine terminal operator DP World handled a total of 25.6 million teu in 2009 in its 28 consolidated terminals (those in which it has majority ownership or operational/manag...
- Wind turbine plans for Antwerp
The Antwerp port authority and the Left Bank Corporation plan to collaborate with private partners to build a large wind farm in the port area on the left bank of the River Scheldt...
- Andreas Keller named vice-president at Swissport Aviation Security
Swissport International, a leading provider of ground handling services to the aviation community, has appointed Andreas Keller as its new vice-president and head of its Aviat...
- Geodis appoints new director of groupage division
Geodis Calberson, the express and groupage division of the French logistics group, recently nominated Bruno Mandrin as its new director. Mandrin has served Geodis Calberson since 1...
- Majority of Great Wall Airlines now with China Eastern Airlines
Shanghai-based China Eastern Air Holding Company, the parent of China Eastern Airlines, has acquired the 51% stake of Great Wall Airlines (GWA) previously held by Beijing Aerospace...
- Australia still investigating cargo airlines
The Australian Competition and Consumer Commission (ACCC) instituted proceedings in the federal court against Korean Air Lines Co Ltd, the twelfth airline to be the subject of ACCC...
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| MARCH 15, 2010 |
- Marinette starts indoor shipbuilding expansion
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| MARCH 15, 2010 |
- Early April start time for Grays Harbor dredging
- Coast Guard Petty Officer named Enlisted Person of the Year
- NYK Logistics Rus opens representative office in Kazakhastan
- DOT releases panel's report on US Merchant Marine Academy
- Lieutenant David Jewett named top firefighter for Port of Seattle
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| MARCH 15, 2010 |
- Major flag state holds back IMO fees
Move in protest against 14.9% hike in fees
- CMA CGM invites bids from investors
Investors asked to submit proposals to buy for stake in line's capital
- Cruise lines seek changes to disability draft law
Lines press EU for disabled requirements at time of booking
- Safe Bulkers targets $80m from share issue
Dry bulk owner plans public offering of 9m shares and private placement of 1m shares
- Wilh. Wilhelmsen unveils restructuring plans
Group to create parent group and eyes $400m listing to fund future growth
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| MARCH 15, 2010 |
- FMC promises capacity action
THE US Federal Maritime Commission has told Fairplay it will take action to address growing concern among liner shippers about a lack of vessel capacity
- Wilhelmsen reshapes for funds
NORWAY'S Wilh Wilhelmsen told Fairplay today that it will split its shipping and logistics activities from the rest of the group to create a new listed company
- COSCO Pacific traffic surges
COSCO Pacific today reported a 27% year-on-year increase in total container throughput at its terminals in February to 3.2M teu
- LNG speed up seen
GLOBAL LNG shipment volumes are expected to rise at a faster pace this year than last year, JP Morgan Chase said in a new report
- Worker killed at breaking yard
A WORKER has been killed by a falling steel plate at Bangladesh's Sitakunda demolition cluster
- Cyclone hits South Pacific
A CYCLONE has caused damage and mass evacuations in the South Pacific
- PNG LNG passes final hurdle
THE PNG LNG project will proceed after major shareholder and operator ExxonMobil announced its financial details are completed
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| MARCH 15, 2010 |
- FMC Launches Export Web Site
- Diesel Price Climbs for Fourth Week
- Hamburg Süd Hikes Eastbound Trans-Atlantic Rates
- Teamsters Considering ABF Freight Concession Talks
- Finnish Port Strike Talks to Resume
- Portec Rail Products Profit Falls 4.8 Percent
- Industrial Production Edges Up
- Software Firm Says Truck Industry Sales Growing
- Wabtec Buys Train Signals Firm Xorail
- Hanjin Expects Return to Profit in 2010
- CMA CGM Eyes Investor Proposals
- Wilh. Wilhelmsen to Restructure
- Cosco 'Full of Confidence' on Rate Increase
- Preparing for the Worst
- Barge Industry Fuels Tax Debate
- Shippers Push for Rail Law
- Africa's Road Less Travelled
- Transportation's Pothole
- Mapping Apps
- Covering Your Assets? Don't Skimp
- LTL is Half Full or Half Empty
- ODFL Adds 'Fixed' Capacity
- LTL Carriers Rebuild
- LTL's Rapid Downsizing
- Double-Tracked Strategy
- Rails Ride Post-Storm Rally
- J.B. Hunt Taps Duncan
- NY-NJ to Ban Old Trucks
- Ocean Carriers Touch Bottom
- Chile's Ports Shaken But Operating
- Carriers Seeking Uniform Clarity
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| MARCH 15, 2010 |
- Malaysia's MBf steps into shipping
- US consumers spend spend spend
- Finland dock strike talks breakdown
- APM T enters Liberia
- China's exports soar: Obama attacks 'undervalued' Yuan
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| MARCH 15, 2010 |
- Seaspan soars
Boxship player back to black as expanded fleet boosts fourth quarter and year end profits.
- LPG lay-up
BW Gas may lay-up four gas carriers as rates collapse and demand dwindles in the LPG market.
- Genco ship held
Emergency preparedness questioned after authorities detain a panamax bulker in the port of Baltimore.
- Iron price push
Deutsche Bank analyst foresees volatility in the drybulk market as steel mills challenge miners over iron ore pricing.
- Tributes for Koo
Hong Kong mourns as a legendary shipping figure Koo Kou-Ming dies aged 85.
- Double pay cut
Statoil extends Havila AHTS brace for a further year, but the rate is sliced by around $4,000 a day.
- Baltic melts
Peter Georgiopoulos' latest dry-bulk venture Baltic Trading closes IPO after pocketing $228.2m.
- No New York link
Wilh Wilhelmsen's $400m shipping and logistics IPO not flushed out by run of floats in the US financial capital, says Ingar Skaug.
- Saade seeks cash
CMA CGM "awaits offers from several investors" as report on talks with shipowner and private equity firm surfaces.
- Sweating on trio
Cecon hires Fincantieri and other experts to help decide on the future of its Davie Yards' newbuildings.
- Skaug retiring
Wilh Wilhelmsen CEO to put his feet up in the autumn once shipping and logistics IPO is wrapped up.
- Alla to enter
Indian restrictions on Lady Alla cargoship to be relaxed after owner reportedly settles legal disputes.
- Safe sale
Polys Haji-Ioannou's bulker company lines up $78m share offer to hunt new ships.
- Carmen fixed
BW Offshore lands three-year deal for FPSO which has been sporadically laid-up in recent times.
- Carry on cruising
British penchant for cruising sees numbers rise again in 2009 despite recession.
- Helping hand
Croatian government coughs up loan guarantees for three of six yards it is privatising.
- Vessels collide
Ferry and cargoship damaged in collision off Travemunde, Germany.
- WW cut up
Norwegian giant to spin-off shipping and logistics wings in potential $400m Oslo float.
- Offshore auction
Clarksons takes charge of bust Remedial Offshore's asset sales with bids open for its four ships and rigs.
- Booze blamed
Deaths of three Russians on Capital Products tanker last week linked to contaminated alcohol.
- Norwegian knock
Polish ro-ro grounded in collision with Dutch cement carrier at Vatlestraum.
- Michelet quits
Imarex founder and CEO Herman Michelet walks following "different views" on management of Norwegian derivatives player.
- Down on debut
Evangelos Marinakis-backed Crude Carriers sees share price slip following New York IPO.
- Big John scraps
Norwegian shipowner John Fredriksen is said to have sent a VLCC and a suezmax tanker for demo.
- Rescue off US
Hand injury from watertight door on Greek BP-chartered aframax off US lands crewman in hospital.
- Darwin demand
Maersk Line chief Eivind Kolding wants fittest shipowners to survive without help from governments and banks.
- Welsh woe
Fastnet's ferry Julia suffers more mechanical problems on new run from Wales to Ireland.
- Greater Offshore
Bharati Shipyard strengthens hold on offshore shipowner by striking share deal with rival ABG.
- Chittagong raised
Asian Feeder Discussion Group to implement rate restoration on Singapore-Bangladesh route in April.
- Double vision
Vomiting illness hits Royal Caribbean cruiseship in Brazil for second time in two weeks.
- Berlian up sizes
Indonesian shipowner says it has increased the size of its recent convertible bond issue by 25%.
- Titan Mercury sold
Titan Petrochemicals has offloaded another of its single-hulled VLCCs to a Thai shipowner.
- Sevan pens rig
Cosco Corp (Singapore) wins $500m deal for semi-submersible drilling unit from Norwegian owner.
- Mermaid offloads
Thoresen Thai's offshore arm is clearing out older tonnage as it prepares to welcome newbuildings.
- Suez snag
Egyptian canal traffic sinks to lowest in 20 years as strong winds disrupt transits.
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| MARCH 15, 2010 |
- Wilh. Wilhelmsen plans restructuring, IPO
- The Containership Company to call L.A.
- Carriers alter Asia/Australia service
- Cathay February volume up 19%
- Cambon to head ESC maritime council
- Exports help narrow U.S. trade deficit
- NYK opens Kazakhstan office
- Requirements imposed on ships from Timor
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| MARCH 15, 2010 |
- Gas tankers heading for cold lay-up
The world's largest LPG carrier operator, BW Gas, has decided to send four gas tankers, equivalent to eleven per cent of its fleet, to long-term lay-up. At least
- Danish captain wounded during robbery in Brazil
The Danish captain of the product tanker Nord Butterfly is currently hospitalized in the Brazilian city of Salvador. He is being treated after being hit by a gunshot, while he
- Mols-Linien reports loss
Mols-Linien A/S managed to improve its figures last year, the loss went down from DKK 56.7 million in 2008 to DKK 1.8 million in 2009. Mols
- Baltic Breeze I finally leaves Vejle
The old coaster Baltic Breeze I, which has been moored in Vejle since May 2009, has finally left the port. The Baltic Breeze I was towed by Svendborg Bugser's tug
- EN Navfor intercepted suspected pirates
On Sunday the EU-Navfor German warship Emden intercepted a suspected pirate group consisting of a mother ship and two skiffs in the Somali basin between Somalia and the Seychelles
- Wilh Wilhelmsen in major reshuffle
The Wilh Wilhelmsen group will be split into two entities, one of which will be listed on the stock exchange. Shipping and logistics activities will be transferred to a new
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| MARCH 15, 2010 |
- Stena Bulk orders more 'environmentally friendly' tankers
New vessels from Samsung Shipbuilding expected to reduce fuel and bunker consumption by up to 15 percent.
- No lasting damage from Queensland's largest spill
Scientists confirm no long term impacts, MoU will place emphasis on areas of environmental significance.
- Prices softening as week begins
NYMEX prices fall more than $1 in early trading.
- Middle east prices lack direction
One supplier still out of Durban spot market.
- Measuring sulphur content in bunker fuel
Technology firm says new instrument can be used in blending fuel to meet MARPOL Annex VI requirements.
- 'Ailing' shipping companies being 'kept alive'
Maersk CEO says support for loss making players is distorting the market.
- Sulphur limits will cause 'tremendous pressure'
Fuel supply and quality questioned, cost to 'affect profitability for all stakeholders'.
- Saudi refinery offers 380 cSt fuel oil cargo
Traders say offer is linked to maintenance turnaround.
- Bunker price movements mixed
Bunker demand in Singapore healthy.
- Singapore box throughput up 17.9%
Compared to worst performing month in the past 36 month; figures 25% short of July 2008 peak volumes.
- Singapore February sales up 13%
Sales volume, however, is down 5.9% from January.
- Titan disposes
Proceeds from the sale of the VLCC will be used in the company's exchange offer.
- Japan's January bonded sales drop 13.4%
It is the fourth consecutive year-on-year fall in bunker volumes.
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