|APRIL 1, 2011|
- Japan rebuilding may boost dry-bulk shipping lines
Reconstruction in Japan following a tsunami and earthquake that destroyed or damaged more than 150,000 buildings may boost volumes for dry-bulk shipping lines struggling with global overcapacity.
- 30% of S'pore LNG terminal completed
Singapore has completed 30 per cent of its first liquefied natural gas import facility and is on track to open in the second quarter of 2013, according to the chief executive of the company operating the terminal.
|APRIL 1, 2011|
- Japan rises from the ruins as transport systems revive
- Grand Alliance, Zim, HMM offer all-water ECUS string from May 12
- CSCL's profit increases 6.9pc to US$646 million in 2010
- Zim back in black with US$54 million net profit in 2010
- Hutchison Port Holdings 2010 profit up 12pc to US$205.7 million
- Hamburg Sud: Expect Tokyo, Yokohama port calls cut on short notice
- Maersk to put the 13,092-TEU Erving to work on Asia-Europe route
- Hanjin takes delivery of second 9,954-TEU vessel in 5-ship series
- Yangtze shipping continues to enjoy rapid steady growth
- Biggest ship to dock in Vietnam first to call at Cai Mep terminal
- MSC to charter 8,540-TEU Bunga Seroja Lima from MISC
- St Petersburg ice conditions to hamper navigation till May
- Construction of Chinese financed Phnom Penh container terminal begins
- FedEx opens third international facility in Suzhou
- UPS flies fake bomb in wedding cake box from UK to Turkey
- Beijing Capital Airport sisters with Thai airports
|APRIL 1, 2011|
- DHL delivers fast-lane logistics to Formula 1™
- NYK's Hercules service, its fastest from Japan, makes Pipavav first Indian port of call
- Sundeep Sibal given additional charge as MOL Regional Director for Asean South region
- AILBIEA gets Customs' word on rectifying regulatory issues
- Seafood exports to Japan may take 4-6 months to recover
- Singapore-based Indian & Chinese business chambers sign MoU
- Japan's Pacific coast ports functional, though radiation fears keep some lines away
- Decision on SEZ proposals put off in states going to polls
- Govt hints at diesel price decontrol this fiscal
|MARCH 31, 2011|
- German postal service body re-elects Wolfhard Bender as chairman
The members of Germany's federal association of postal service providers (Bundesverband Deutscher Postdienstleister BvDP) unanimously elected Wolfhard Bender to a further two-year ...
- Box volumes up in the Moby Dik terminal
Container traffic in the Moby Dik terminal in Kronstadt on Kotlin Island increased by 55% to 25,700 teu in January and February 2011, compared with the first two months of 2010. Th...
- Liebherr presents new mobile harbour crane model
Liebherr has expanded its range of mobile harbour cranes, adding the LHM 420 model to its range of offers. The new heavyweight crane is the successor of the LHM 400 and bridges the...
- Maersk introduces new vessels to West Africa service
A.P. Moller-Maersk recently named the first in a series of 22 so-called wafmax container vessels currently being built by Hyundai Heavy Industries in South Korea. The "Maersk ...
- Ethiopian receives loan from African Development Bank
The African Development Bank has approved a USD 40 million second lien corporate loan to Ethiopian Airlines, to support the purchase of five Boeing B777-200LR passenger jets. The a...
- Unitpool signs for five more years with Air Transat
Unitpool, a Swiss asset management company that specialises in supplying and managing a fleet of 40,000 ULDs at more than 300 airports for 20 customers, has signed a second five-ye...
- JF Hillebrand acquires Ferry International in Italy
JF Hillebrand, which has been serving the drinks industry with its specialist logistics services for more than 160 years, has strengthened its dedicated wine and beverage logistics...
- SBB Cargo is on course
The Swiss railfreight operator SBB Cargo improved its transport performance to around 13 billion ntk last year, or 12% more than in 2009. The company nevertheless made a loss of CH...
- TNT Express celebrates 20 years of collaboration with Motorola
TNT Express, a leading global B2B express service provider, and Motorola celebrated the 20th anniversary of their cooperation recently. The premium service provider transports 80% ...
- DHL Freight signs contract with Skanska
Skanska Stomsystem, one of the world's leading project development and construction groups, has signed a new contract with DHL Freight, a top provider of road haulage services in E...
- Polish railfreight firm carries 10 million t of freight in February
The Polish railfreight operator PKP Cargo carried a total of EUR 9.8 million t of cargo in February, or 20% more than in the like-for-like period last year. This brought total volu...
- Transnet to buy 32 more locomotives from Mitsui
Transnet has signed an agreement for the supply of an additional 32 new 15E locomotives with Venus Railway Solutions, a subsidiary of Japan's Mitsui & Co, and local BEE investo...
- FedEx Express launches B777F to South Korea
FedEx Express, a subsidiary of the FedEx Corporation, is launching a new dedicated B777F service between its global hub in Memphis TN (USA) and South Korea, with four nonstop fligh...
- New Jersey to spend millions on road projects
Approximately USD 175 million has been earmarked for 20 Middlesex county projects in the state of New Jersey (USA), according to governor Chris Christie's administration, whilst US...
- New Swiss partner for Kögel trailers
The company Fankhauser Fahrzeugbau, headquartered in Rohrbach near Bern, now offers Kögel trailers in Switzerland. Fankhauser sells Kögel's products through its own distribution ch...
- Net-Log Lojistik and Akg'n chose Mercedes-Benz Axor trucks
Aksaray-based Mercedes-Benz T'rk has completed delivery of 20 MBT Axor 1840 LS Euro 5 units to the Net-Log Logistik group, which runs 36 distribution centres in Turkey and employs ...
|MARCH 31, 2011|
- Fincantieri moves to acquire Davie
- Kirby places $47 million AT/B order at Signal International
- Stena and Austal settle patent dispute
- Inmarsat swoops on VSAT specialist Ship Equip
- Northrop Grumman completes Huntington Ingalls spin off
- STX OSV books order for PSV 09
- Otto Marine sells under-construction AHTS duo
|MARCH 31, 2011|
- Portland Airport runway work to start up on April 4
- Pair of Mitsui companies to merge into one unit
- Crowley taps Suz Michel as People Development VP
- Sea-Tac Airport road closures reschuled to begin next week
- Nasdaq warns TOP Ships of plan to drop company's stock
|MARCH 31, 2011|
- BRS merges freight derivatives trading platform with Cleartrade
Collaboration will cover over-the-counter trading in FFAs, iron ore, container, steel and fertiliser swaps
- Genmar staves off bankruptcy with $200m Oaktree loan
Cash-strapped tanker company gets elbow room to negotiate loan refinancing with banks
- Private investor rides to Georgiopoulos' rescue again
Genmar chairman and Oaktree Capital Management have a long-standing connection
- MR owners add premium as tankers battle ice at Primorsk
A daily charge of $2,600 is being imposed as 'dozens' of ships struggle with winter conditions
- Supramax rates tumble as US Gulf grain cargoes dry up
Fewer grains cargoes for shipment from the US Gulf saw supramax bulk carrier rates to Asia and Europe tumble by as much as 16% in two days, according to shipbrokers surveyed by Lloyd's List
- Oaktree spearheads $200m General Maritime bailout
Company confident infusion would roll back immediate cash need of $800m
- New warning for TOP Ships
Nasdaq-listed Greek shipping companies could now have a greater incentive to get their share prices back up
- Over the worst
At a time when Japan needs sea trade more than ever to bolster its attempts to recover from the recent crisis, its many friends in shipping will want to continue to serve it
- HSH Nordbank returns to profit in 2010
Bank reports '48m ($68m) after-tax profit, reversing €743m a year earlier
- UK Chamber of Shipping to push for better business climate
New president to ensure business climate is favourable for British shipping
- DryShips strikes deal with Korea Line receivers
Three embroiled bulkers now listed as back on spot market
- Anek tumbles to record $127m loss
Books huge provision for a lost investment in shares in affiliated company
- Total drilling plans to boost Barents Sea exploration
- Seven reveals April drilling IPO to raise up to $350m
- Investor appetite for drilling rig exposure prompts spin-offs
With demand for shares still strong, the offshore sector looks likely to see a variety of fresh public offerings
- Could Japan's lines be outclassing Maersk?
Maersk has stolen the show with its Triple-E class, but surely Japan's carriers could team up with the nation's yards to order a mega series of new panamax ships
- Japan factory closures leave car carriers waiting
Japan is the starting point for most vehicle carriers. But with output badly disrupted, how are shipping lines to ensure they position enough tonnage in the right locations?
- Fall in sailings dents seasonal cargo surge
- Box lessors could face heightened US scrutiny
US Federal Maritime Commission wants box leasing sector to be regulated in view of recent bumper profits
- Navios plots $185m bond for South American logistics unit
Aims to raise amount via private placement of senior notes due in 2019
- TOP Ships receives Nasdaq share price warning
Management claims company is current with all debt obligations, without having recourse to debt restructuring or raising equity funds since 2008
- NYK sets aside $22bn for fleet growth
Japanese carrier unveils investment plan to beef-up fleet between now and 2017.
- Grand Alliance, Zim and HMM in joint service
To launch all-water service between Asia and the US east coast in May
- Brussels antitrust squad raids Deutsche Bahn offices
Allegations over potential rail freight competition infringements
- US sets Iran sanctions premium limit
Thresholds apply to premium with "fair market value of at least $1m or aggregate of at least $5m"
- NEL Lines' losses double
After-tax losses grow to '43.4m ($61.6m) for full year 2010 from €20.5m in 2009
- Japan's marine insurance bill may hit $3bn
Estimate includes losses to ships, cargo, piers and wharves
- Lidinsky urges caution over Japan nuclear threat
Shipping must ensure supply chain is not needlessly affected by overreaction
- Box rebound boosts HHLA
Volumes up 19% while operating profits rise 21.8%
|MARCH 31, 2011|
- Frangou returns to bond market
ANGELIKI Frangou-led Navios Holdings today confirmed plans for a high-yield bond offering by its South American logistics arm
- Quake reveals US deficiencies
TERMINAL operators and government agencies are ill-prepared for a major earthquake in the US, according to a terminal official
- Chamber warns on tonnage tax change
THE UK'S tonnage tax regime has kept the country's shipping industry afloat, according to the British Chamber of Shipping
- GenMar prices follow-on
THE FINANCING flurry at General Maritime continued today with a secondary offering priced to cover next week's Suezmax delivery
- Shipping loans boost HSH Nordbank
EARNINGS from ship lending played a pivotal role in the turnaround in HSH Nordbank's results last year, the bank said today
- Weak VLCC rates expected to persist
SPOT RATES for VLCCs are likely to experience further downward pressure due to excess supply of tonnage in the Middle East and other factors, analysts said today
- HHLA earnings jump 20%
HAMBURG container terminal operator HHLA is lifting its dividend by over one third to €0.55 ($0.78) per share after a 20% increase in pre-tax profits (EBIT) to '193M last year
- Danaos concludes major restructuring
BOX SHIP lessor Danaos Corp confirmed today that it has formally completed its comprehensive plan to restructure newbuild finance obligations
- Libya rebels oil plan falters
BARRIERS have emerged to the plan by Libyan rebels to begin exporting oil from facilities captured during recent conflict, IHS World Markets Energy reported today
- Four start China/Long Beach service
FOUR operators are joining forces to start a new service connecting central China with Long Beach from next week, Fairplay has been told
- Transatlantic sells ro-ro vessels
SWEDEN'S Rederi AB Transatlantic has announced that it has sold three ro-ro vessels to the forestry products group Svensk Cellulosa (SCA)
- DryShips renegotiates KL bulkers
DRYSHIPS has settled new terms with Korea Line's receivers for charters of three bulkers, the company confirmed today
- Overcapacity, falling demand hit VLCCs
RATES on the benchmark VLCC route from Middle East Gulf-Japan have been softening on overcapacity and falling crude demand in Japan
- Singapore rejects forced form use
EVEN as Singapore is persuading shipowners to use the Singapore Ship Sale Form for S&P, it says it does not intend to make the form compulsory for transactions in the country
- North Oz storm intensifies
A TROPICAL low that has been moving across the Arafura Sea north of Australia all week is now expected to reach cyclone strength over the next two days
|MARCH 31, 2011|
- LA-LB Terminals Reduce Off-Peak Gates
Eight of the 14 container terminals at the Los Angeles-Long Beach ports, pointing to slow cargo volume since the Chinese...
- US Claims Victory in WTO Ruling Against Boeing
The World Trade Organization on Thursday ruled Boeing was the beneficiary of some $2.7 billion in illegal subsidies from the...
- MSC Raises Trans-Atlantic Rates May 1
Mediterranean Shipping Co. is adding $240 to $400 per container to its rates from North America to Europe, the carrier's...
- DHL, Ryder Expand Green Truck Fleets
Deutsche Post DHL and Ryder System are rolling out electric, hybrid and natural gas trucks, from delivery vans to heavy...
- Illinois Rail Project Begins $685 Million Phase
A major rail corridor project in Illinois gets under way this weekend, as crews begin the biggest upgrade of tracks...
- EU Trust Busters Raid Deutsche Bahn Offices
European Union trust busters raided the offices of German rail operator Deutsche Bahn in an investigation into allegations it is...
- Antwerp On Alert on Ships From Japan
The port of Antwerp, Europe's second largest container hub, said it is taking "heightened precautions" over ships arriving from Japan...
- Horizon Calls Bankruptcy Report 'Speculation'
Horizon Lines said it is trying to refinance its debt to avoid an expected default and would not comment on...
- CN Sheds Some Toronto Track to Commuter Agency
Canadian National Railway sold a section of track in and around Toronto to the Ontario agency Metrolinx for about $308...
- Zim, Evergreen, CSCL Launch Asia-Europe Service
Evergreen, Zim Integrated Shipping Services and China Shipping Container Lines will launch a joint Asia-Europe service at the end of...
- Kenworth Rolls Out 'Regional' Heavy Truck
Truck maker Kenworth unveiled a heavy truck this week designed for regional use, taking advantage of a shift from long-haul...
- HHLA Forecasts 10 Percent Growth
HHLA, Hamburg's biggest stevedore, forecast 10 percent growth in container traffic this year following a 19 percent increase in 2010. ...
- Daimler Truck Raises 2011 Truck Sales Forecast
Daimler Trucks North America is raising its sales projections 10 to 15 percent for 2011 as demand for its Freightliner...
- Conference in Yokohama to Focus on Radiation
Japanese government officials and shipping industry representatives will meet Friday in a bid to step up their fight against what...
- Anti-Trust Probe to Cut Kintetsu Profit
Kintetsu World Express, Japan's second-largest international forwarder, said it will set aside $13.86 million to cover estimated costs related to...
- Radiant to Buy Distribution by Air
Radiant Logistics will purchase Distribution by Air under a $12 million transaction that will extend the consolidation among mid-sized U.S.-based...
- LA-Long Beach Ports Plan Expansion
Having weathered seven years of environmental challenges and the worst economic downturn in the history of containerization, the ports of...
- Four Carriers to Start Trans-Pacific Loop
Four Asian carriers are teaming up in a joint service from North Asia to Long Beach in early April. ...
|MARCH 31, 2011|
- Japan under pressure to widen nuclear evacuation zone
- Zim finally back in profit
- Fifty-Eighth boxship for Seaspan
- PIL and Wan Hai back together on new transpac sling
- China's carriers emerge from the red
|MARCH 31, 2011|
- DryLog and ISC split
Livanos clan scoops bulker pair as New York-listed company takes control of dry shipowning alliance.
- Broadband buyout
Satellite communications powerhouse bets on maritime broadband business with $159m acquisition of VSAT group.
- Fairmount beats Fairstar
Arbitration panel rules in favour of Louis Dreyfus Armateurs wing in $72m shipyard dispute with heavy-lift owner.
- DryShips claims KLC coup
Nasdaq-listed owner's deal with ailing Korean firm is the best anybody has achieved, chief operating officer claims.
- Otto Marine sells duo
Shipbuilding affiliate of Singapore-listed offshore group poised to pocket $43m from sale of anchor-handlers.
- Navios wing in bond blitz
It's no spin-off but South American arm of Angeliki Frangou's Navios Holdings is oiling note press for a $185m offering.
- Nordic suffers loss
Danish owner reveals $28m full year loss as weaker tanker market continues to hit bottom line.
- Green sells terminals
Norwegian reefer owner reaches deal with main shareholder Kristian Eidesvik for five port facilities.
- Genmar targets $53m
Analysts raise dilution concerns as ailing tanker owner taps public market for cash under massive restructuring package.
- Baltic blues hurt U-Sea
Per Lange-led company says its 2010 figures are below expectations after dry rates failed to spring back in fourth quarter.
- Diana cape takes a cut
Simeon Palios-led owner fixes out capesize to Cargill at almost half what BHP Billiton has been paying for the same ship.
- Austal in payout to Stena
Australian fast ferry builder to pay substantial compensation to Swedish shipowner over hull design infringement.
- MOL merges crew companies
Japanese shipowner creates MOL Ocean Expert to handle its seafarers more efficiently.
- Support vessel hit by fire
Firefighters bring blaze under control on Ocean Dragon in Ramsgate, UK.
- Wan Hai readies issue
Taiwanese liner company could raise more than $400m for new ships through notes sale.
- TransAtlantic sells trio
Christen Sveaas' TransAtlantic offloads three ships to compatriot SCA Transforest.
- NYK lines up spree
Japanese shipowner plans to splash another $6bn on vessels to 2017, as it sees profits rising.
- Topaz cans London IPO
Fazel Fazelbhoy-led offshore owner blames an increasingly uncertain investment climate as it shelves float.
|MARCH 31, 2011|
- FMC urges measured response to Japan crisis
- Evergreen, CSCL, ZIM start new Asia-Europe service
- Hyundai joins Grand Alliance, Zim in transpacific
- U.S., Israel open skies enters force
- House approves 60-day FAA funding extension
- UPS adds 4 weekly Hong Kong/Europe flights
- Truckers feel pump pain as Obama unveils energy policy
- Weiss Röhlig starts trans-Siberian service
- House committee has watchful eye on HOS rule
- New COAC committee includes former Customs commissioners
- Colombia, Canada near FTA
- Citi, Syncada enter partnership
- OWL to hold Incoterms seminar
- Broker Self-Assessment pilot ends
- DB Schenker centralizes in Philippines
- Ports want bigger infrastructure funding share
- U.S. court upholds California vessel fuel law
- DP World 2010 profit rebounds from 2009
|MARCH 31, 2011|
- Maersk Line with new type of container carriers
A. P. Møller-Mærsk is about to take delivery of the first container carrier in a series of 22 so called Wafmax-type. Wafmax is short form for West Africa
|MARCH 31, 2011|
- Bunker prices fall in Fujairah
In Cape Town, deliveries available for supply up to and including April 14.
- Bunker costs and economic turmoil hit Greek ferry operator
Minoan Lines says fuel costs 'negatively affecting operating profitability'.
- Rotterdam market firms
Prompt avails a 'bit on the tight side'.
- Fuel oil inventories almost unchanged for second week
Arbitrage volumes balanced by 'robust' bunker demand.
- Flow meters 'shut down' by Weights and Measures Agency
Tanzania authorities find meters designed for bunkering being used to measure fuel imports.
- US Defense Logistics Agency awards bunker contract
Florida-based Port Consolidated Inc engaged to supply 'fuel for ships.'
- Asian bunker prices on the rise
Slack demand at key Asian bunkering ports on Thursday, according to traders.
- Non-executive director leaves Chemoil
Masanobu Takagi's position will be filled another representative of Itochu Corporation.
- Omani oil firm posts record profit
Attributes increase in profit to rapid expansion which includes a JV bunkering firm at the port of Sohar.
- Rising oil prices boost Andatee's revenues
Nasdaq-listed marine fuel supplier doubles bunker sales volume in Q4 of 2010.
- 'Long road ahead' for market-based measures
Working group reviewing market-based measures to curb shippings' GHG emissions.
- Ventbunkers: Litasco 'playing games' at Ventspils storage terminal
Litasco caused losses of $10-14 million, says VBU's chairman of supervisory board.
- Brightoil in $153 million upstream deal
The marine fuel supplier agrees to appoint CNPC's subsidiary to work on its Tuzi gas field in China.