|FEBRUARY 4, 2011|
- Weakening freight rates prompt halt to new strings
- Strikes cut Marseilles growth at 9pc to 953,435 TEU in 2010
- Qinzhou port volume increases 150pc, a record 250,000 TEU
- China's Ningxia to invest US$1.1 billion in transport construction
- Yantai port volume up 22pc to 150 million tonnes in 2010
- CSAV Norasia runs two feeders along Algerian coast
- ProLogis, AMP consider possible merger
- Rail logistics facility to be built on Sino-Laotian border
- Democratic senator re-introduces railway re-regulation bill
- Volga-Dnepr Airlines delivers nine-tonne screw
- Celebi to spend US$100 million on Mumbai, Delhi airports
- Southern Air names ex-American Airlines CEO to its board
|FEBRUARY 4, 2011|
- AMTOI to open Chennai Chapter soon
- CMA CGM vessels transiting normally through Suez Canal
- NTPC to transport coal via Ganges
- Oil transit thru' Suez Canal not at risk: IEA
- S. S. Transland to specialise in global end-to-end solutions
- SKS Logistics to foray into ship repair soon
- Gulf of Cambay monitoring centre operational
- KPT Chairman lauded for Port of Year nomination
- MPT Chairman stresses on working together in R-Day address
- Regulation of ports may come under TAMP
- Thar Dry Port, ETA Freightstar trade meet to highlight regular rail services from ICD-Sanand
- AEPC's special privileges for apparel exporters cancelled
- Centre open to importing more onions
- Engg exports up by 50 pc in Dec.
- EOUs urge govt to extend tax holiday
- India, Italy to form joint business body
- India, Norway sign revised tax pact
- Sops for labour-intensive export sectors soon
- A comprehensive event has the Capital engrossed
- Indian firms remain unaffected in Egypt
|FEBRUARY 2, 2011|
- UPS reports good Q4/2010 results
UPS has announced an 8.4% increase in global revenue for the fourth quarter of 2010, with a 40% increase in adjusted operating profits. Global revenue grew by 8.4% to USD 13.42 bil...
- Weiss R&ouiml;hlig Taiwan wins Comtrend business for Eastern Europe
Logistics services provider Weiss R&ouiml;hlig, a joint venture between Austria's Gebrüder Weiss and the German forwarder R&ouiml;hlig, has secured a new a contract to manage air and sea freig...
- Toll Group acquires SAT Albatros in Dubai
The Australian transport and logistics service provider Toll Group is acquiring SAT Albatros (SAT), a leading Dubai-based provider of sea-air services. SAT reported revenue in exce...
|FEBRUARY 3, 2011|
- Burger Boat to build 1920's style boat for Chicago
- BAE Systems Norfolk and San Diego shipyards win Navy contracts
- Passengers to be taken off antarctic cruise ship that struck uncharted rock
- OMSA announces new leadership line up
- Washington Marine Group changes name to Seaspan Marine
- Gibdock repairs collision-damaged cargo ship
|FEBRUARY 3, 2011|
- Mediterranean Shipping Company to begin Port of Seattle calls
- CN working with MPA to build service agreements
- IMO taps Peter Brady for eighth term as training chair
- Coos Bay Port Commissioners look to fill Budget Committee vacancy
- Railroad aids expansion of businesses in 2010
|FEBRUARY 3, 2011|
- Owners seek danger money as pirates move north
Failed attack off Iran coast prompts move to charge piracy premium
- Platou makes second cut in tanker forecasts
Bullish scenario for oil market overshadowed by 7%-plus fleet growth
- Egyptian oil terminals running
Egypt's oil and gas terminals are fully operational, with very large crude carriers able to discharge crude at the Red Sea terminal of Ain Sukhna
- Euroceanica orders two bulkers from SPP Plant
UK-BASED bulk carrier and chemical tanker owner Euroceanica has ordered two 76,500 dwt panamax bulk carriers from SPP Plant & Shipbuilding in South Korea
- Wikileaks cables show US pressure exerted on IRISL
State Department tried to use line's loss of P&I cover to prevent ports from accepting its ships
- China breached UN ban with shipments to Iran
Wikileaks reveal details of cargo from China shipped onboard IRISL ships to Iran
- Yemen port bid awarded on a whim
Leaked cable shows president overruled tender process
- Danish ports hit by strike action
Port workers protest over government pension reforms
- Stormy ride expected for transatlantic trades
Cargo volumes are recovering well but are still a long way behind 2008 levels
- Angola looks to join ranks of liquefied natural gas exporters
- Angola's Soyo LNG project to start exports in first quarter 2012
- Subsea 7 enters the major league with Acergy merger
Acquisition fuelled by a number of upcoming large subsea umbilical, riser and flowline installation projects
- Box crown belongs to the Pearl River Delta
Shanghai might be the leading container port in terms of annual throughput but the combined might of Hong Kong and Shenzhen generates the biggest amount of box revenue
- More light on piracy fight
How far will the measures outlined in the IMO's action plan go towards eliminating this growing menace?
- Clarkson closes investment funds
Clarkson Shipping Hedge Fund and the Clarkson Freight Fund closed down with immediate effect
- Louis Cruises in move to ditch Greek flag
Cruiseship owner says it has no other choice following pensions spat with authorities
- UN boss calls for tougher action against piracy
Global menace is outpacing efforts to fight it, says UN secretary-general Ban Ki-moon
- Straits' varied draughts need careful navigation
- Athens Protocol requires international uniformity
- Insurance bill for piracy is soaring
On top of the human cost of pirate hijacks and crew kidnapping, the financial burden is weighing heavily
- NCC warns of tight car carrier market by 2013
Sector in danger of being short of tonnage as rising demand puts pressure on shrinking fleet
- Vopak seals $1.6bn credit facility
Agreement replaces similar '1bn facility concluded in August 2007
- Global Ports Investments' volumes exceed 1m teu
Surge in Russian imports propel port group's throughput
- HHLA container throughput soars 19%
Recovery continues at Hamburg's largest port operator as it steals a march on its rivals
- Shipowner group slams Australia port strikes
Shipping Australia warns current action may herald "return to the bad old days"
- Containers build up at Egypt's hub ports
Suez remains open but containers start to build up at main hubs
- CMA CGM sets up Egypt crisis unit
Box line sets up dedicated team to monitor situation while continuing to accept bookings
- Navios Acquisition offers $400m bond exchange
Launches offer to bond holders, tweaking the terms on about $400m of debt
- MHI cuts shipbuilding income forecast
Revises forecast from ¥7bn to ¥4bn due to cancelled and postponed orders
- Queensland coal ports escape cyclone damage
Operations at main bulk ports at Hay Point and Abbot Point not affected by Cyclone Yasi
|FEBRUARY 3, 2011|
- Coal import surge seen
IMPORTS of coal into China and India will surge in this year's second half, Bank of America Merrill Lynch has predicted
- Oz escapes Yasi ruin
QUEENSLAND appears to have escaped significant damage to transport infrastructure from the huge Cyclone Yasi
- Insurer loses UK rig appeal
THE UK'S Supreme Court has dismissed an appeal by an insurer in a dispute over major damage to a rig being transported from the US to Malaysia
- Investors hail SFI bond
SHIPPING analysts said today that SFI's convertible bond issue has met good demand, with the coupon at the bottom of the range
- Essar profits rise 26.5%
ITS PORT arm has powered Essar Shipping Ports & Logistics to 26.5% growth in October-December net profits
- Mitsubishi HI profits rise
JAPAN'S Mitsubishi HI is on track for higher annual profits after its net income rocketed in the first three quarters of its fiscal year
- Bulker risk seen spreading
TOUGH trading conditions that have plagued Capesize drybulkers will probably start hitting smaller bulkers as well, a key Sydbank analyst has warned
- Clarkson's closes funds
CLARKSON'S, the London-based integrated shipping services giant, has closed the Clarkson Freight Fund and the Clarkson Shipping Hedge Fund, with immediate effect
- Box dropped at Darwin
AUSTRALIA'S port of Darwin has been criticised after its second major safety mishap this year
- Melbourne dockers plan more strikes
DOCKERS at Melbourne's Webb Dock bulk and general facility will stop work three more times over the next few days as their stand-off with employer Patrick continues
- Rosario strike suspended, talks resume
STRIKERS in Argentina have lifted their blockades, are allowing production to resume and will begin negotiations today with port officials.
|FEBRUARY 3, 2011|
- Rails Seek Delay of STB Competition Hearing
The railroad industry is asking the Surface Transportation Board to put off its scheduled May 3 hearing on whether regulators...
- US Steel Promotes Three in Logistics
U.S. Steel appointed Malisa J. Sommers managing director of transportation and president of Transtar, the company's transportation subsidiary, effective Feb....
- ABF Freight Posts $58 Million Loss for 2010
ABF Freight System lost $7.4 million in the fourth quarter and $58.1 million in 2010 as it struggled to raise...
- Chicago Intermodal Starts to Dig Out from Storm
Chicago, the continent's biggest rail hub area and host to numerous intermodal terminals, was just starting on Feb. 3 to...
- NY-NJ Port Authority Elects New Chairman
The Port Authority of New York and New Jersey on Thursday elected former New Jersey Attorney General David Samson as...
- Montreal, CN Conclude Terminal Operator Agreements
The Montreal Port Authority and the two companies that operate the port's three key container terminals on Thursday announced two...
- Chapman Freeborn Set for Egypt Evacuation Flights
Air chartering company Chapman Freeborn said it expects increased demand for aircraft to evacuate foreign nationals from Egypt in the...
- Suez Canal Stays Open, Ports Congested
The Suez Canal remained open to ship transits Thursday and shipping companies are re-opening offices despite escalating violence in Cairo...
- Retail Sales Surge 4.8 Percent, Despite Weather
Major U.S. retailers reported above-expected January sales, despite bad weather in much of the country and continuing concerns about high...
- Strike Shuts Down Port of Cochin
A strike by unionized dockworkers Wednesday morning crippled operations in India's Port of Cochin, a major gateway on the southeast...
- Mica Announces Public Meeting Sites
Rep. John L. Mica, R-Fla., chairman of the House Transportation and Infrastructure Committee, is keeping his word to go on...
- Report Says TUI Plans Hapag-Lloyd IPO
TUI and a group of German investors are moving toward an initial public offering for German shipping line Hapag-Lloyd in...
- UK's Teesport Starts Terminal Expansion
PD Ports started work on a project to eventually triple container capacity at Teesport, the UK's third largest port. ...
- DOT Issues Strong Intermodal Rail Endorsement
The Department of Transportation has sent the Surface Transportation Board a strong endorsement of intermodal service at major railroads, appearing...
- Rhine River Opens for Traffic
The river Rhine in Germany re-opened to shipping in both directions for the first time since a motorized barge carrying...
- Nippon Express Profit Tumbles 22 Percent
Nippon Express, Japan's largest freight forwarder, said its net profit plunged 21.9 percent in the first nine months of fiscal...
- Landstar Sales Climb to $2.4 Billion in 2010
Landstar System boosted its net income 29.6 percent year-over-year in the fourth quarter to $24.1 million, while its revenue rose...
- MSC Adds Seattle to Europe-US Service
Mediterranean Shipping Co. is adding the Port of Seattle to its California Express service out of Europe with the arrival...
- Con-way Reports Slim Profit for 2010
Transportation and logistics operator Con-way returned to the black in 2010, reporting a $4 million profit for the year compared...
- Canada Ports Contract Talks Near Deadline
Waterfront employers at Canada's Pacific Coast ports and the International Longshore and Warehouse Union Canada will resume contract negotiations next...
|FEBRUARY 3, 2011|
- Egyptian shipping situation eases
- IMF: 'dangerous' imbalances threaten global recovery
- Bunker costs soar as violence erupts in Egypt
- World food price surge unabated
- Pirates turn the screws on hostages
|FEBRUARY 3, 2011|
- DHT unleashes offering
Svein Moxnes Harfjeld holds the helm as New York-listed tanker owner readies $40m raid on Wall Street.
- Daelim sticks with Diamantis
Seoul shipping syndicate locks in Greek gas-carrier for another year in the wake of sale-and-leaseback pact, brokers say.
- UN losing piracy fight
United Nations secretary general Ban Ki Moon admits international navy forces have failed to curb piracy as he backs a new IMO initiative.
- US firm ups Sevan position
US investment giant tops off $32m slice of Oslo-listed offshore owner following Norwegian spending spree.
- Transpetro buys local
Sao Paulo-listed steelmaker emerges victorious in international race tied to Transpetro plate tender.
- Aker closes in on IPO
Norwegian drilling contractor sets the stage for $600m offering in Oslo as board plots pricing.
- ITC scoops extension
Frontline tanker finds shelter following sell off drama as BP wing takes VLCC from Independent Tankers Corp.
- Cruise boss in stick-up
Irate passenger demands refund from head of Trinidad charterer Boodram's Travel at gunpoint.
- Aegean braced for loss
Nikolas Tavlarios-led bunkering giant to sell off vessels as poor tanker markets batter bottom line.
- Orissa fights Kolkata stretch
Indian state unhappy at shipping ministry-sanctioned expansion of port's operations.
- Titanic job for H&W
Belfast yard wins deals to restore vessel that ferried passengers to ill-fated liner in 1912.
- Shipping survives Yasi
No reports of maritime casualties after storm of the century batters Queensland.
- Mercator mining Indonesian seam
Indian owner's shares up on plan to invest in coal mining infrastructure.
- Maersk re-opens in Egypt
Danish giant's Maersk Line, Safmarine and Damco back in business despite continuing unrest.
- No sex please, we're Canadian
BC Ferries passengers barred from accessing sex education and abortion information websites via wi-fi.
- Clarksons closes funds
Loss-making freight and shipping hedge vehicles wound up by London broker with immediate effect.
|FEBRUARY 3, 2011|
- Ports America steps up Seagirt upgrades
Ports America is ahead of schedule and expects to complete modernizing the Port of Baltimore's Seagirt container terminal by 2012, Chief Executive Officer Michael Hassing told a port industry conference in Tampa, Fla., on Tuesday. The terminal ope...
- FMC reviews 22 OTI license applications
The U.S. Federal Maritime Commission has received 22 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from CBM Global Freight Corp., Englewood, N.J. (Seung "Brian" H. Hur, vice p...
- Damco names ocean head for Europe, Med, Africa
Damco, a logistics services subsidiary of A.P. Moller - Maersk, has appointed S'ren B'low Andersen to head of ocean carrier management for Europe, Mediterranean and Africa. Andersen has worked in the logistics and shipping business in Australia, Gh...
- Flowers leads UPS's global forwarding unit
UPS has named Stephen D. Flowers president of UPS Global Freight Forwarding. Flowers, formerly head of UPS's Americas Region, succeeds Ken Torok. He has worked at UPS for 30 years. In his new role, Flowers will be responsible for the global strate...
- UPS Capital opens Colombia, Peru offices
UPS Capital, the financial services arm of UPS, has expanded its Latin American presence by opening new offices in Bogota, Colombia, and Lima, Peru. By using in-country representatives to staff the offices, UPS Capital said it will be able to offer...
- ICC: Counterfeits to reach $1.7 trillion by '15
The International Chamber of Commerce released a report at the 6th Global Congress on Combating Counterfeiting and Piracy on Wednesday that reported the global economic and social impacts of counterfeiting and piracy will reach $1.7 trillion by 20...
- Prager named CEO of Envirotainer
Envirotainer's board has appointed Chairman Niklas Prager as the company's new chief executive officer.Prager succeeds Thomas Persson, who will remain with the company as senior advisor on special projects and serve on the board. Prager has worked ...
- MarAd receives Panama Canal study draft
The Atlanta, western Pennsylvania and upstate New York regions are likely to experience a change in Asian container flows to East Coast ports after the Panama Canal opens in 2014, Maritime Administrator David Matsuda told an international trade co...
- FMC chairmen in reunion panel
Seven former heads of the Federal Maritime Commission joined the agency's current Chairman Richard A. Lidinsky Jr. on Wednesday at the FMC's headquarters yesterday for a mixture of industry analysis, reminiscence, and humor. Helen D. Bentley, Rich...
- Eight Chairmen, 50 years
Eight Chairmen,50 years Eight Chairmen,50 years...
|FEBRUARY 3, 2011|
- Hafnia Management's fleet grows
Hafnia Management that was set up by the Gothenburg-based shipping and investment group Marinvest in 2010 now operates 25 product tanker and chemical tankers; eleven LR1-vessels (45,000'79,999
- Beluga crewmember executed
A crewmember onboard the hijacked heavylift carrier Beluga Nomination has been executed by Somali pirates, according to the Round Table of international shipping associations. Several crewmembers were taken aside for
|FEBRUARY 3, 2011|
- Harley Marine announces new acquisition
Expanding its service in the US Gulf.
- Marine technology provider to take leading sales role
IPCO says the move comes after 'three years of intense cooperation with Wilhelmsen Ships Equipment'.
- Fujairah market firms
Avails were reported to be 'very tight' for prompt deliveries.
- Bunker prices continue to climb
In Hamburg, barging tight for buyers wanting prompt deliveries.
- Latvian fuel oil dispute escalates
Transport minister says impasse is causing 'financial losses' to the state.
- WWF report: Global renewable energy by 2050
Major study says global energy needs 'could be provided cleanly, sustainably and economically' and fossil fuels 'could become relics of the past'.
- Fuel quality on agenda at IMO next week
Debate highlights issues with proposal to the IMO for mandatory quality testing of bunkers prior to delivery.
- Aegean to announce Q4 loss
Company President says Aegean's growth prospects 'remain intact'.
- Customs officials investigate bunker fuel 're-sale'
Crew of cape-sized bulker questioned over claims that duty-free fuel has been sold to trawlers.
- Bunker prices firm in Tokyo Bay
No prices for other key Asian ports on Thursday due to a public holiday.
- Australian bunkering ops untouched by cyclone
Cyclone Yasi has hit areas where bunkers are not supplied.
- Japan bunker demand to 'weaken' in February
Fewer bulk carriers are expected to bunker in Japan from Australian ports this month.
- Bunker fuels ops boost NuStar's bottom line in 2010
Expects further improvements in earnings of its fuel marketing operations in 2011.
- UK greenhouse gas emissions fell sharply in 2009
UK international shipping bunkers estimated to be 7.1% lower than the 2008 figure of 11.4 million tonnes.