|FEBRUARY 3, 2011|
- Freight rates poised to rise after 2-year low
FREIGHT rates are poised to rise after tumbling to a two-year low as owners of ships hauling coal and iron ore scrap the most vessels in at least 28 years.
- Aussie coal, zinc mines close
COAL and zinc mines were shut and at least 32 coal ships were steaming out to sea yesterday, joining sugarcane and banana farmers in north-eastern Australia in bracing for the forecast landfall later in the day of Tropical Cyclone Yasi.
|FEBRUARY 3, 2011|
- Egyptian ports and logistics crippled as protests spread
- Hyundai Merchant Marine 2010 profit surges to US$541 million
- Piracy makes shipping near impossible, say industry groups
- Ningbo to invest US$3.1 billion on traffic infrastructure
- Republican senators support highway spending bill
- Singapore manufacturing output up 30 per cent
- TEL and InterRail Services in 'Ostwind' Partnership
- DHL enhances China-Germany LCL service
- AAPA: Asia Pacific air cargo outlook 'broadly positive'
- Customs software upgrade slows cargo clearance at Bangalore
- TIACA elects Atlas Air exec Michael Steen as chairman
- FedEx deploys real-time critical inventory logistics service
|FEBRUARY 3, 2011|
- BCHAA Advisor Naval Mehta awarded 'WCO Certificate of Merit' on International Customs Day
- Indian cargo movement via Suez normal for now
- NSCSA wins first prize for transparency
- Vasan seeks tax parity with air crew for seafarers
- Apparel exports fall by 3 pc in Nov.
- Carpet exports climb by 32 pc in Dec.
- Spices exports up by 16 pc
- NMPT registers record container handling
- Shanghai port is No. 1
- New panel set up for air cargo sector
- Ban on export of surplus wheat, rice may be lifted
- Export target of $500 bn achievable: Fieo
- FDI down by 26 pc in Jan.-Nov.
- FTA with Laos comes into force
- New Iranian move to end oil bill payment impasse
- Unemployment rate stable in South Asia
- Vegetable parks in all cities soon: Pawar
|FEBRUARY 2, 2011|
- Detyens books $6.4 million MSC contract
- Maritime organizations outraged by murder of hostage by pirates
- Todd Pacific Shipyards gets five year Navy drydocking contract
- WWL offers "green" grants
- Kirby in $53 million acquisition of Enterprise bunkering operations
- Harley Marine Services expands services to Gulf Coast
- Maritime interests plan a Congressional Sail-in on Washington
- Management of Washington State Ferries could be awarded to private contractor
- Egypt unrest impacts offshore driller Atwood Oceanics
- Costamare orders newbuild containerships in China
- Delayed delivery of newbuilds softens oversupply
- U.K. law allows payment of ransom to pirates
- Feeder Lines BV selects GL fleet management software
|FEBRUARY 2, 2011|
- Hanjin warning customers of Egypt shipment delays
- Federal Maritime Commission wants input on slow steaming
- Crowley Maritime moving California logistics office
- Harley Marine Services expanding presence in Gulf
- Trucking top performer for US business shipments
|FEBRUARY 2, 2011|
- Cyclone to inflict more pain on depressed capesize rates
Weather-related cargo shortfalls in Australia blamed for 70% fall in January earnings
- OSG charters two tankers in three-year deal
US tanker owner Overseas Shipping Group has reportedly chartered two medium range product tankers from Hong Kong-based Cido Shipping for three years
- MSC backs order for six 9,300 teu vessels to be built in Korea
Liner giant continues its massive expansion plan as charter market slows for Chinese new year
- Broker outlines anti-piracy plan
Controversial scheme will use public and private funding to fight piracy
- Business as usual amid the revolution
Egypt remains a huge market ripe for investment. The continuing political turmoil will not quash that
- Courage's dual listing may open door to Chinese investors
- Davos Forum finds ray of light among gloom
World business and political leaders predict a slight upturn in global growth, while stressing the growing gap between emerging and developed economies
- Preventing a fall among lifesavers
Despite the loss of lives ' even quite regularly ' some manufacturers and surveyors of lifeboats are failing to fix their faulty devices
- Indian tiger strides ahead with growth
India may not have the same economic clout as China but it is generating substantial rises in maritime trade
- Owners to invest for a greater slice of trade expansion
Indian-controlled fleet has been steadily expanding and modernising, but is still relatively modest in the context of its foreign trade
- Capralos to take helm at Star Bulk
To succeed Akis Tsirigakis as president and chief executive
- Safmarine to continue to accept C'te d'Ivoire bookings
Will accept cargoes to Abidjan that are re-routed via Algeciras and Tangier
- Queensland coal ports shut ahead of Cyclone Yasi
Export terminals at Hay Point and Abbot Point close and evacuated
- Suez Canal remains open despite riots
Waterway open to traffic but some ports closed and bulk cargoes face delays
- KG funds' sales efforts hit by Korea Line filing
Line's application for bankruptcy protection is hampering sales efforts by German KG funds
- Standard P&I Club warns over liquefaction risks
Bulk carrier owners still under pressure to load high risk cargoes without adequate precautions
- Salvors free supramax from Indonesian coral
Values of ship and cargo on which salvage awards are partly based at their lowest on memory
- WWL unveils $100,000 green technology grant
To hand out aid to companies developing environmental technologies for ships and ports
- US ports limited by capacity and congestion constraints
US Department of Transportation report warns that several key factors are constraints on US ports, including 'location in urban areas, land-use challenges, and funding'
- Ship Finance unveils $100m bond issue
John Fredriksen-led company would use proceeds for new investments and general corporate purposes
- Labouring a point
The era of moving from one labour market to another in search of lower costs as wages rise in established markets has finally come to an end
- Box figures stack up
All eyes are now on the weeks immediately after the Chinese new year holidays
- Essar's third quarter profit soars 26%
Third-quarter net profit jumps to $6.1m despite downward pressure on freight rates
- Barge operators seek emergency funding
To ask Brussels for aid as Rhine logjam shows signs of easing
- Egypt crisis hits Atwood revenue
Client declares force majeure on one of Atwood's rigs operating off Egypt
- Kirby inks $53m Enterprise Marine deal
Boosts presence in cruise bunker market after buying Enterprise Marine's ship bunkering operations
- Cascading boxships may force lines to start new services
Alphaliner predicts carriers' pledge to hold back launch of new Asia-Europe services will be 'short-lived'
- The very model of a modern private navy
Will private navies be effective against piracy? It has been tried before and the end result might not be quite what the insurance world was expecting
- Marseilles volumes up 3% in 2010
Total volumes reach 86m tonnes but port's growth hit by strikes
- Further strikes planned at Melbourne
Dispute between Patrick and Maritime Union of Australia drags on
|FEBRUARY 2, 2011|
- Sinking captain questioned
MUMBAI police today questioned the captain of a box ship involved in a collision in which an Indian frigate sank.
- US box share drops
THE US share of global box traffic dropped from 16% to 9% in 1995-2009 as other regions saw faster growth, according to new government data.
- Valve vigilance urged
DANGER of fires could be increasing for ships and crews because of poorly maintained fuel equipment, the US Coast Guard warned today.
- Tsirigakis departs Star Bulk
AKIS Tsirigakis, the high-profile public face of Star Bulk since its inception, has been replaced as president and CEO, the company confirmed today.
- French port workers renew strikes
FRANCE'S leading port worker grouping confirmed to Fairplay today it plans a fourth straight weekend of strikes because the latest talks with port bosses have failed.
- Wind-power base proposed for Belfast
BELFAST Harbour and Denmark's DONG Energy have signed a letter of intent on using the harbour as a base for offshore wind farm projects.
- Transcontainer boost seen
RUSSIA'S rail box carrier Transcontainer will be boosted by rapid growth in container volumes this year, according to a report from Moscow's Renaissance Capital.
- Mercator (Singapore) profits fall 32%
DRYBULK carrier Mercator Lines (Singapore) said today that profits fell 32% year on year to $5M in the third quarter of its 2010 financial year.
- Inquiry to start in deadly ferry blaze
INDONESIAN authorities were expected today to begin investigations into the ferry fire off the Sunda Strait that killed at least 28 people.
- Frontline sells OSG stake
TANKER operator Frontline has sold its stake in Overseas Shipholding because it expects continued weakness in crude markets, analysts said today.
- Ports lure private investors
LAWYERS dealing in ship finance have told Fairplay that they are seeing more private investments in emerging ports.
- Vinalines buys bulker
VIETNAM'S Vinalines told Fairplay today that it has bought a Supramax bulker for $33M from an undisclosed Danish seller.
- Weather, strikes cause MOL arrival delays
MOL SAID today its ships on Asia/Europe routes are being delayed by severe winter and strikes.
- Risk manager poached
HAMBURG shipowner Bertram Rickmers has hired a former top ship finance manager from HSH Nordbank with a view of improving the group's internal processes and financial robustness.
- Antarctic ship under way
CRUISE ship Polar Star is on the move again after leaving its anchorage off Detaille Island, on the western side of the Antarctic Peninsula, where it grounded on 31 January.
|FEBRUARY 2, 2011|
- C.H. Robinson Revenue Hits $9.3 Billion in 2010
Higher shipment volume helped boost C.H. Robinson's profit 17.6 percent in the fourth quarter to $103.2 million as revenue rose...
- Giant CSCL Ship Begins Service
China Shipping Container Lines took delivery of the first of eight new container ships whose capacities of 13,798 20-foot equivalent...
- A. Duie Pyle Plans Routes with Descartes System
Less-than-truckload carrier A. Duie Pyle made the tasks of planning, routing and dispatch easier and more efficient with the recent...
- US-India Trade Jumps 31 Percent
Trade between the United States and India jumped 31 percent year-over-year in the first 11 months of 2010, driven largely...
- J.B. Hunt Tracks Storm-Bound Drivers on Facebook
J.B. Hunt Transport Services is using the Facebook social media network to communicate with truck drivers struggling with the latest...
- Appellate Court to Expedite ABF-YRC Lawsuit
ABF Freight System's lawsuit challenging Teamster wage and pension concessions at YRC Worldwide is on a fast track toward a...
- UPS Freight Passes $2 Billion Revenue Mark
UPS Freight didn't increase less-than-truckload shipment volume much in 2010, but its LTL revenue leaped 10.9 percent to $2 billion,...
- Carriers Watch Turmoil as Egypt Supply Chains Remain Secure
SEA ISLAND, Ga. - International companies report little disruption to their operations in Egypt as a result of the widespread...
- ODFL Profit Jumps to $76 Million on Rate Gains
Old Dominion Freight Line more than doubled its profit for the full year and fourth quarter, as a 19.9 percent...
- MOL Says Trans-Pacific Ships Arrive On Time
Japanese carrier MOL said 97 percent of the ships in the trans-Pacific services on which it participates arrived at ports...
- Winter Storms Disrupt Trucking, Rail Traffic
The massive winter storm hitting a broad swath of the U.S. is delaying or stopping truck and train transport, as...
- TNT Takes $62 Million Hit
TNT, the Dutch express delivery and mail company, warned severe weather, strikes and integration costs will shrink its fourth quarter...
- Export-Import Bank Chairman Urges Bids on Foreign Sales
The Export-Import Bank of the United States is ready with financing and support for U.S. firms to increase exports, but...
- Eurogate Boosts Container Handling 5.2 Percent
Eurogate, Europe's biggest container terminal operator, boosted 2010 traffic 5.2 percent from a year ago, trailing double digit increases at...
- French Port Strike to Resume Friday
French dockworkers, crane operators and other port workers will walk off the job Friday, Feb. 4, in the fourth successive...
- Global Air Cargo Jumped 20.6 Percent in 2010
Global air cargo traffic surged by over a fifth in 2010 from the previous year, driven by a rebound in...
- Costamare Buys Five Container Ships
Costamare, the NYSE-listed container ship owner, announced the signing of a contract for two new vessels with capacity of 9,000...
|FEBRUARY 2, 2011|
- Chaos reigns in Cote d'Ivoire's trades
- MOL opens up on schedule integrity
- Transatlantic hails year of recovery
- Investors' Egypt angst eases
- Transpac rates slide as CNY rush quieter than usual
|FEBRUARY 2, 2011|
- Eitzen ship nabbed in US
Danish gas-carrier one of 15 vessels fingered in US Coast Guard's latest list of port detentions.
- Stanships under fire
Bulker linked to American Club veteran Paul Sa cited for violating International Oil Pollution Prevention Certificate clause.
- Strategic in crew coup
Australian shipbuilding syndicate sinks its teeth into construction contract tied to Gorgon LNG project.
- Hartmann scraps Rio Gas
Diversified German owner tightens up fleet portfolio with sale of elderly ethylene carrier, brokers say.
- Star crowns new CEO
Greek owner shuffles seating arrangement with former Athens Exchange chairman picked to replace boss Akis Tsirigakis.
- Great Offshore profit crashes
Indian offshore shipowner sees third quarter earnings plunge in weaker markets.
- SFI strikes fast
New York-listed owner nets full $125m from convertible offering in double-quick time.
- Argentina ports strike halted
Union agrees to 15-day break from wage protest so government can talk to management.
- Pirates 'torturing' crew
Somali gangs are becoming increasingly brutal with hijacked crewmen, says top EU naval forces commander.
- SFI building war-chest
John Fredriksen-controlled shipowner plots potential $125m convertible notes issue to fund "additional investments".
- Barfleur back ' for now
Brittany Ferries brings back ship for trial freight run between Cherbourg and Poole in England.
- Bulk blues draw MOL drop
Estimated loss of $159m per quarter on spot-trading bulkers contributes to Japanese owner's sell tag at Fearnley Fonds.
- Essar rises in third
Indian owner cuts expenses and relies on other business units to make up for weak shipping markets.
- Boxship and cargoship collide
MSC Eyra scraped off Denmark in clash that damaged Russian vessel above waterline.
- Platou pinpoints price falls
Up to $10m will be cut from the price tag of a modern VLCC this year while bulker values face a 15% slump.
- Liberian flag on the rise
US-managed registry reaches 3,500 ships after record growth in 2010.
- Clipper's tax trouble
Up to 200 staff facing fines or jail after violating Danish rules on bonus accounting.
- Kirby in $53m spend
Joe Pyne-led US tank barge owner snaps up bunkering wing of Enterprise Marine Services.
|FEBRUARY 2, 2011|
- DOT trims special permits for certain hazmat
The U.S. Transportation Department's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Monday said it will incorporate the provisions of six widely used cargo tank special permits into the federal hazardous materials regulations. T...
- New restrictions on Mississippi River
The New Orleans-Baton Rouge Steamship Pilots Association said Tuesday further navigation restrictions on the Lower Mississippi River would take place immediately: Ships with a draft of 40 feet or more will be daylight restricted from 151.7 to 191...
- Congressmen offer caution on rail regulation
The chairmen and ranking member of the U.S. House Transportation and Infrastructure Committee have written to the Surface Transportation Board chairman expressing concerns about hearings to assess rail competition and review traffic exemptions. Mic...
- UPS fourth quarter profit jumps 48%
UPS reported profit of $1.1 billion in the fourth quarter, 48 percent more than in the same 2009 period. Revenue was $13.4 billion in the quarter, 8 percent more than in the fourth quarter of 2009. Results by segment are: Domestic package revenu...
- MarAd disposes of 50-year-old cargo ship
The U.S. Maritime Administration said the steamshipSolon Turmanwill be towed from the Suisan Bay Reserve Fleet on Wednesday for scrapping. This will be the 17th ship to leave the National Defense Reserve Fleet in Suisun Bay, Calif., since October 2...
- Hapag-Lloyd amends U.S. Gulf/Med services
Hapag-Lloyd said Tuesday it is changing the rotation of a service connecting the U.S. Southeast and Gulf regions with the Mediterranean. Changes on the German line's MGX service will include an eastbound call at Port Everglades and dropped calls a...
- MOL liner on-time performance improves in Q4
Liner carrier MOL said Wednesday its on-time schedule performance on the three major east/west trades improved in the final quarter of 2010. The on-time performance rates by trade on services in which MOL provides vessels were: Asia/U.S. West Co...
- C.H. Robinson 4th quarter profit up 18%
C.H. Robinson said it had fourth quarter net profit of $103 million, 17.6 percent more than in the same 2009 period. Revenue was $2.3 billion and net transportation revenue was $342 million, both 16 percent increases. Fourth quarter results by seg...
- Egypt protests hampering cargo activities
Ongoing political protests in Egypt appear to be affecting oceangoing trade in and out of the country, according to media reports and statements from liner carriers. A note from maritime news serviceAlphalinersuggested that operations at Port Said...
- 'Slowly normalizing'
|FEBRUARY 2, 2011|
- Polar Star sails under its own power
The expedition vessel Polar Star has received permission from its flag state and classification society to leave its location near Detaille Island. The ship has 80 passengers and a crew
- Danish parliament: build a tunnel
The Danish parliament has voted in favour of a tunnel, rather than a bridge, between Rødbyhavn and Puttgarden in Germany. The tunnel, made of concrete, will be constructed ashore and
- More dangerous to sail in the Indian Ocean
It is more dangerous to sail in the Indian Ocean than ever before. 242 piracy attacks took place in the area in 2010, compared to 228 the previous year. 62
|FEBRUARY 2, 2011|
- Emission regulations to reach a crossroads in 2011
Evidence that Europe is moving ahead with regulations to take effect by 2013, says Carbon Positive.
- Crude fluctuates on Suez Canal concerns
Crude oil rose, approaching its highest price in more than two years, on concern that protests in Egypt may threaten exports from the Middle East.
- WWL offers grants to promote zero-emissions technology
Aim is to 'stimulate innovation needed to meet these tough new environmental standards'.
- Bad weather hampers bunkering in Fujairah
IFO prices climb more than $20 pmt in Middle East hub.
- Bunker markets continue to firm
Hamburg tight on barging.
- Black sea port's bunker market 'not healthy'
But Novorossiysk players say they will not allow a monopoly to develop.
- Singapore fuel oil stocks 'steady'
Arbitrage volumes have been 'thin'.
- Strong energy markets, downside risk
Energy markets remain on a strong upwards trend but expecting a 2008-type push ever higher may cause some disappointment.
- Asian bunker prices on upswing
Slack demand on Wednesday at key Asian bunker ports, traders say.
- Bunkers on board vessels prop up scrap value
LPG tanker and capesize bulker sold to Asian scrap yards at 'remarkable' prices, sources say.
- Philippine oil firm to acquire bunker supplier
Phoenix Petroleum Philippines further plans to incorporate a new firm to acquire tanker vessel.
- US barge operator pays $53 million for bunker business
Kirby Corporation to acquire Enterprise Marine Services.