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| FEBRUARY 26, 2010 |
Shipping News
- Cargotec looks to future with new $20m facility
Even though flat growth is expected in the year ahead, cargo-handling solutions provider Cargotec is positioning itself for the future with a new $20 million 17,721 sq m facility at the recently rebranded Tukang Innovation Park.
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| FEBRUARY 26, 2010 |
- CMA CGM, Cosco levy Asia-Europe rate hikes from March 1
- Westbound Transpacific Stabilisation Agreement hikes US-Asia rate
- US cries out for badly needed export container capacity
- Shenzhen January container volume recovers with 16pc increase
- Maersk Line's AE10 Asia-Europe service calls at Hamburg
- Yangtze Port of Nantong January box volume soars 46.3pc
- Hamburg Sud slot charter deal ups frequency on MGX service
- SCI's liner shipping unit loses US$62 million in 2009
- US intermodal loadings in Q4 2009 decrease 6.4pc
- Truckers get relief from CARB, but not harbour trucks
- Cathay Pacific, Air China in talks for Shanghai cargo venture
- China Southern Airlines, Air France to set up joint venture
- Nippon Cargo Airlines finds non-scheduled demand grows tenfold
- UPS opens new US$30 million DC at Calgary airport
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| FEBRUARY 26, 2010 |
- Softlink demystifies ICEGATE/ICES for CHAs
- Supertanker surplus shrinks on demand
- Fuel exports from West Coast to US, Japan surge in Feb.
- Box volumes boom by 31 pc in Jan.
- EVENTSMENT Banking to ease process of raising private equity, venture capital
- India Inc sees positive features in Rly Budget
- Pvt. box operators hope to find relief in fine print
- Road transporters count their blessings
- New IIP series may show higher industrial growth
- Highlights of Economic Survey 2009-10
- IMC to discuss Budget tomorrow
- Live screening by AIAI today
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| FEBRUARY 24, 2010 |
- New UPS hub in Calgary
UPS has officially opened a distribution centre at Calgary international airport (YYC). The state-of-the-art hub will provide businesses with direct access to the US and to interna...
- DB Schenker opens new Lienz office
DB Schenker recently opened a new branch office in the Peggetz industrial estate in Lienz (Austria). The centre covers 3,500 sqm and the logistics facilities approximately 800 sqm....
- Kuehne + Nagel expanding wine and spirits activities
Concha Y Toro, a leading Latin American wine producer and exporter and one of the ten largest wine companies in the world, has expanded its long-term partnership with Kuehne + Nage...
- Ireland's Hannon Transport receives ten new refrigerated trailers
Schmitz Cargobull has supplied ten new refrigerated trailers to Ireland's Hannon Transport company. The trailers are the latest additions to Hannon's trailer fleet, which encompass...
- Rail Cargo Austria looking for future financial partner
Rail Cargo Austria (RCA), a freight subsidiary of the Austrian federal railway 'BB, has denied reports that it is offering 25% of its shares for sale. RCA is thinking about such a ...
- Hapag-Lloyd increasing rates
Hapag-Lloyd is increasing some rates on 1 April. Rates from northern Europe to Latin America will rise by EUR 250/teu, those from Latin America to the Mediterranean and Africa by U...
- Günter Weber of Loxx turns 60
Günter Weber, managing shareholder of the logistics enterprise Loxx, will be celebrating his 60th birthday on 27 February. The qualified freight forwarder, who completed his appren...
- NYK and Mitsubishi collaborating to reduce CO2 emissions
NYK and Mitsubishi Heavy Industries are to begin experiments on an air-lubrication system to reduce CO2 emissions during marine transport. The system, which has been jointly develo...
- SeaFrance ready for new start
The ferry shipping line SeaFrance, a subsidiary of the state-owned railway company SNCF that operates services between the ports of Calais (France) and Dover (England), has been in...
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| FEBRUARY 25, 2010 |
- Davie Yards seeks protection from creditors
- ABS verifies effectiveness of CSNOx exhaust gas treatment system
- European yards seek aid for offshore wind vessel building
- NASSCO delivers T-AKE 9
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| FEBRUARY 25, 2010 |
- Mitsui vessels rescue 64 training ship survivors
- Truck tonnage index rises during January
- Panama Canal Authority earns award for transparency
- West Coast ports call for continued emissions act funding
- WTSA member carriers eye additional rate increase
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| FEBRUARY 25, 2010 |
- CMA CGM admits it underestimated box shipping crisis
"We were wrong" says chief financial officer Jean-Yves Schapiro
- Singapore tax breaks put London shipbroking at risk
Doubt cast over London's position as Singapore introduces tax breaks
- Slow speeds set to cut boxship fleet growth by 2.7%
Super-slow steaming could absorb as much as 350,000 teu from global capacity
- Outlook still bleak for box sector
Moody's predicts tanker and dry bulk sectors will partially recover
- Baltic Trading buys six bulkers for $284m
Purchase linked with plans to go ahead with $299m New York listing
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| FEBRUARY 25, 2010 |
- Baltic Trading buys fleet
THE IPO of Genco spin-off Baltic Trading is one step closer to launch with today's announcement that the initial fleet has been purchased
- Truckers: court war costs port
A LAWSUIT'S long duration is making Port of Los Angeles less competitive than Long Beach's nearby port, according to litigant trucking companies
- Constanta yard worker killed
A WORKER at Romania's Constanta yard was killed today died, reportedly from carbon dioxide poisoning
- EU backs Iceland accession talks
THE EU has recommended the start of formal accession talks for Iceland, IHS Global Insight reported today
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| FEBRUARY 25, 2010 |
- Republican Calls on Obama to Back Fuel Tax Hike
- Norfolk Southern to Build Corridor Hubs
- Grassley Calls for Waterways Investment, Repair
- N.C. Ports Fund Expansion with Bond Issue
- MSC's Golden Gate Service Makes First Charleston Call
- Marseilles Fos January Volume Points to Recovery
- Durable Goods Orders Snap Record Losing Streak
- Video: Rickmers Linie's Jan Steffens on the 2010 project cargo outlook
- Video: Agility Project Logistics' Mark Siegert on Indonesia
- Senate to Act on Short Line Tax Credit
- Oberstar Says House Won't Pass Jobs Bill
- Breakbulk Carrier Transatlantic Slumps to Loss
- Iberia Books First Loss In 14 Years
- Trans-Pacific Carriers to Hike Westbound Rates
- MSC Hikes Eastbound Trans-Atlantic Rates
- JFK Airport Reports Worst Freight Year Since 1987
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| FEBRUARY 25, 2010 |
- HPUK seeks extension of Bathside Bay consent
- WTSA launches April 1 GRI as carriers' losses continue
- Dublin exports boost
- Greek clashes spook markets
- Tauranga boxes down but profits hold
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| FEBRUARY 25, 2010 |
- Baltic IPO grows
Spin-off of Peter Georgiopoulos' Genco Shipping lifts initial public offering to nearly $300m.
- TMM tanks
Mexico City-based tanker and offshore vessel owner Grupo TMM posts a loss in 2009 but reports a gain in annual operating income.
- Baltic buys six
Peter Georgiopoulos' Genco spin-off Baltic Trading shells out $284m on two capesizes and supramax quartet.
- Seismic bet
CGG Veritas speeds up its fleet restructuring plan based on expectations of increased demand for advanced vessels and a recovery in the seismic sector.
- Search over
In incident featured in this week's "Casualty file", search for crew member who fell from the Japanese-controlled Pacific Venus comes up empty.
- 'Slow at best'
Randy Effendi's Samudera is downbeat on the prospects of a liner market revival.
- Dacha denial
Former Sovcomflot chief Dmitry Skarga tells court he had another way of pleasing his wife rather than doing dodgy property deal for family home.
- Hurry up!
STX Europe urges Finland to make quick decision about whether to build new icebreaker at its Helsinki yard.
- Back in black
Malaysian liner player PDZ slashes operating costs and loss-making services to return to profit in first half.
- Deep Sea falls
John Fredriksen-related Deep Sea Supply's profit slips on weaker North Sea spot market.
- Barge battle
Dennis Ling's Hubline says it is facing a claim for $1.2m following a crash off Singapore.
- Double delay
Wilson says its newbuilding programmes at two Chinese yards have been held up by at least six months.
- VLGC torched
MOL sends 'for-sale' gas carrier for demolition in China, it is claimed.
- Hamburg hit
Tokyo Marine tanker and German cargoship damaged in collision in southern Elbe.
- Excel springs back
Gabriel Panayotides-led bulker owner returns to profit after impairment blighted 2008 fourth quarter.
- Captain charged
Tongan master of tragic Princess Ashika ferry faces five counts of knowingly sailing unseaworthy vessel.
- Back in black
After costly end to previous year US-listed dry bulk owner Genco returns to profit in the fourth quarter of 2009.
- Dividend wait
Simeon Palios-led Diana may not restore its dividend until 2011, if at all, analyst says.
- Siem brighter
Kristian Siem-led shipowner tips improvement in the anchor handler market as it returns to profitability in the fourth quarter.
- Gulfmark lower
US-listed offshore vessel operator ends year with a loss as revenues weakened and costs grew.
- Cape identity
Akis Tsirigakis-led Star Bulk Carriers being linked to purchase of Danish owner Norden's former capesize Nord Kraft.
- Aegean inches up
Profits at Nikolas Tavlarios-led bunker player inch up just under 5% from a year ago, but revenues surge.
- Genmar turns red
One-off impairment charges push US-listed tanker owner to a $53m loss in the fourth quarter.
- US boost
Australian shipbuilder's Alabama yard made more money in second half of 2009, despite overall fall for group.
- Vancouver down
Despite rises in grain, petroleum and specialty crops Canadian port sees decline in annual volumes.
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| FEBRUARY 25, 2010 |
- WTSA carriers to raise rates in April
- WTSA: Forecasts see growth in 2010
- MSC hikes rates to Europe, Med
- Cathay, Air China cement cargo venture
- ISF liability lingers 6 years after shipment
- Court refuses to block L.A. port truck concessions
- Murray: Radiation portal funding inadequate
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| FEBRUARY 25, 2010 |
- Norwegian owner to search for missing Air France plane
The Norwegian shipping company Seabed AS will soon begin the search for the missing Air France plane that crashed into the waters off Brazil on June 1 last year, with
- No loans to German KG companies
The German government will not offer any state loan guarantees for the country's struggling KG companies. The companies seek to fund boxship newbuildings worth USD 36,8 billion, placed at South
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| FEBRUARY 25, 2010 |
- Emissions monitoring system first of its kind
Providing real-time emissions data from multiple smokestacks will help shipowners meet ECA requirements, says W R Systems.
- Rotterdam and Hamburg show small gains
Prices lack direction in Southern Europe.
- Prices show little movement
Good avails of all grades in Suez.
- Supplier opens office in Miami
C.I. International Fuels says it wants closer ties with its customers.
- Applied Weather Technology opens London office
Response to growing demand from companies seeking ways to enhance safety and reduce fuel consumption.
- Singapore authorities allow Chemoil acquisition
Competition Commission says deal does not infringe any prohibitions.
- Chemoil's annual profits slump
But retail sales are up and Q4 results back in profit after the losses seen in Q3.
- Bunkers firm, loading congestion reported
Earliest delivery in Singapore from March 3 onwards.
- Singapore residual fuel stocks at 10-week high
Western fuel oil cargoes continue to flood the market.
- Ecospec: ABS verifies CSNOx capabilities
'No need' for vessel owners to convert to distillates to meet emission requirements, says Singapore scrubber firm.
- Lanka IOC enters bonded lubes market
Secured permission to use 'bonded warehouse' at Colombo and has made first tax-free deliveries.
- What is the best source of contacts for new delivery contracts and deals?
- Aegean 2009 bunker sales volume climbs 19%
Full year net profit also up 21.6% from a year ago.
- Singapore corruption case adjourned
Former Chevron employee facing corruption charges will be back in court next month.
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