|APRIL 4, 2011|
- Shipping conference focuses on accounting, tax, law
Leading industry players, financiers, lawyers and analysts will gather in Singapore this month for The Singapore Shipping Conference 2011.
- UAE special forces free hijacked ship
United Arab Emirates (UAE) special forces has freed an Abu Dhabi-owned ship seized by pirates east of Oman in the Arabian Sea, a military official told state news agency WAM.
- Brunswick sees China sales rising 25% in '11
Brunswick Corp, maker of Boston Whaler fishing boats, has forecast sales growth of 25 per cent in China this year as the popularity of boating rises.
|APRIL 4, 2011|
- Mumbai's JN Port clogs up as rail, labour, seasonal problems combine
- Court renews Agility prosecution in Pentagon deception case
- Agility breaks ground on new logistics facility in Malaysia
- Court quashes carrier-terminal operator appeal against low-sulphur fuel rule
- Fujian's Haicang bonded port area box volume up 21.6pc
- Weiss Roehlig launches trans-Siberian rail freight service
- Fewer drivers bring heavier loads to American LTL carriers
- East Horizon Airlines to launch air cargo services in Afghanistan
- Arab civil strife, Japanese disaster dents air cargo growth
- Now that UPS rejects notion, talk turns to FedEx buying TNT
|APRIL 1, 2011|
- Swiss Post reports excellent results
The Swiss postal service provider Swiss Post attained a very good result in 2010. The group's operating income climbed from CHF 8.56 billion in 2009 to CHF 8.74 billion last year. ...
- Logwin doubling its Vietnam storage space
The global logistics service provider Logwin, based in Grevenmacher (Luxembourg), has expanded its warehousing capacities at two locations in northern Vietnam. The group's Hanoi fa...
- PL Shipping & Logistics becomes M+R Logistics (India)
In September 2010, PL Shipping & Logistics finally became part of the worldwide M+R Spedag Group. The merger has now been fully completed and the new Indian subsidiary will cha...
- Schmitz Cargobull extends board members contracts to 2016
Schmitz Cargobull recently extended the contracts of board members Andreas Schmitz, Ulrich Sch'pker and Ulrich Sch'mer to 2016. The current 3-year contract of Schmitz (in charge of...
- Large railcar orders for Greenbrier
The Greenbrier Companies group, headquartered in Lake Oswego OR (USA), a supplier of transport equipment and services to the railway industry, has received orders for 4,200 railcar...
- Korean Air Cargo now serves St Petersburg
Korean Air has launched a twice-weekly cargo service to the Russian city of St Petersburg. A Boeing B747-400F with a 100 t capacity will be deployed on the Seoul Incheon-St Petersb...
- AAT named Indonesia AirAsia's ground handler in Hong Kong
Indonesia AirAsia, based in Indonesia, operates four flights a week between Hong Kong and Medan (Indonesia), deploying an Airbus A320. Hong Kong-based Asia Airfreight Terminal (AAT...
- Boeing and EL AL sign B737 contract
Boeing and the Israeli national carrier EL AL have signed a contract for four next-generation B737-900ERs, including reserve options for future aircraft. The four-airplane order is...
- CP investing in North Dakota
Canadian Pacific is investing USD 100 million in North Dakota between 2010 and 2012. CP plans to expand network capacity and enhance rail service in the northern US state, in order...
- The Wabtec Corporation is optimistic for 2011
The Wabtec Corporation has increased its 2011 full-year earnings guidance, on account of expected full-year revenue growth of about 15%. The company expects its first quarter 2011 ...
- Stealth Logistics adds Volvo tractors to its fleet
CLX Medical Inc, which carries out US freight transport activities as the Stealth Logistics Group (SLG), has added new Volvo trucks to its fleet. The addition of three 780 model Vo...
- Estonian company to manage border crossing of trucks to Russia
The Baltic Course, a Latvian international business magazine, has reported that Estonian interior minister Marko Pomerants is set to sign a contract with the company Girf to develo...
- Germanischer Lloyd limits fleet in service activities in Japan
The German assurance, consulting and classification company Germanischer Lloyd (GL) has temporarily suspended surveys and other services for ships to the north and east of Nagoya. ...
- Finnish ports of Kotka and Hamina to merge
The Finnish ports of Kotka and Hamina will merge on 1 May, thus forming the country's largest export hub. The city of Kotka will own 60% of the entity, and the city of Hamina 40%. ...
- HHLA increases market share and profit
Hamburger Hafen und Logistik AG (HHLA) took advantage of the global economic recovery in financial 2010 to record strong growth in its operating performance and earnings. Container...
|APRIL 1, 2011|
- Pollution in Pago Pago brings $1 million penalty in D.C. District Court
- Trinity Offshore launches shallow draft skimmer for MSRC
- Alaska Ship & Drydock hosts ferry christening
- APL to scan Yokohama export containers for radiation
- Brittany Ferries teams with STX France to develop eco-friendly super ferry
- New tank coating optimizes chemical tanker earnings potential
- A2SEA wind turbine installer to get Siemens equipment
- Austal USA holds groundbreaking ceremony
|APRIL 1, 2011|
- Port of Tacoma files suit against Thurston County
- Port of Seattle efforts advance aviation biofuels
- Washington State Ferries adding new online tool
- Foss earns Coast Guard nod for completing vessel exams
- US Rail freight numbers beat previous week's tally
|APRIL 1, 2011|
- Record suezmax deliveries set to hold back earnings
Entire crude tanker sector 'will have to cope with poverty' as 2011 prospects look bleak
- Capesize gloom set to return after brief recovery
Rates improvement will be short-lived as owners re-enter the market
- Queensland floods cost 30m tonnes of lost coal production
Australia's Queensland state lost up to 30 m tonnes of coal production when heavy rains and a cyclone battered the eastern seaboard between November and February, exacting a higher economic toll on one of the most resilient economies than first estimated, government and private figures show
- Volume of oil products held in floating storage rises 22% in a month
Some 55 tankers are chartered for temporary floating storage of 3.7m tonnes of oil product and 5.5m tonnes of crude in March, according to monthly figures released by London-based shipbroker Gibson
- No Japanese coal rush for panamax bulk carriers
A widely anticipated Japanese coal rush is not expected to have a major impact on the dry bulk market
- MISC unveils plans to sell boxship trio by tender
Malaysia's MISC has put three handysize boxships up for sale, a month after the owner reported losses of RM452.3m ($149.4m) in its liner business for the nine months to December 31, 2010
- Who's next in bailout chain?
There is speculation that the leniency shown to major shipping companies will not be extended further down the food chain
- Failure to end Somali piracy breeds crime elsewhere
Piracy is spreading east and anyone who has excused the naval inaction should hold their hands up and take the blame
- Future of maritime jewel under threat
Unless a home can be found for the working library at the Imarest, this magnificent collection of shipping reference books will be no longer available for student or researcher
- Felixstowe builds up to opening of new berths
UK's largest box hub puts its new cranes ' the largest in the world ' through final tests, with summer start pencilled in
- Gledhill 'relatively optimistic' on Far East-Europe pick-up
Felixstowe boss 'relatively optimistic' about container volumes out of the Far East to Europe for 2011
- ABP looks to stay one step ahead with Southampton box expansion
Pushing ahead with its 750,000 teu container berth expansion at Southampton
- Unions reject P&O Ferries pay rise offer
Proposed increase of 2% rejected while 3% offer at Stena being considered
- Genmar aims to clear all pending cash issues via $53m follow-on
Proceeds to fulfil Metrostar deal requirements, pay for final tanker
- Shipping needs to toe the line in saving natural resources
Building thousands of large boxships only to demolish them halfway through their lifetime seems a waste of resources so colossal
- Foreclosures and arrests to soar as ship values rise
'Surprisingly strong' secondhand vessel prices prompt predictions of radical restructuring, says Norton Rose
- China Ocean Shipbuilding trims losses in 2010
Reduces losses to Yuan867m ($132.2m) from Yuan1.9bn in 2009
- Global trade volumes set to slow as Japan earthquake takes its toll on supply chains
Cargo volumes likely to shrink following earthquake and tsunami
- Japan talks down boxship radiation threat
No firm evidence boxships calling Tokyo or Yokohama hit by dangerous levels of radiation
- 'Business as usual' as Torvald Klaveness splits
Norway shipowner moves to assure customers as business divided between brothers
- China's fleet yet to get a full global workout
Fresh analysis of ship movements in Asia shows domestic trade is focus ' but how long for?
- Green Reefers sells Green Terminals unit
Offloads cold store terminals business for $12.5m
- APL to scan Japan export boxes for radiation
Line to ensure no cargo delays as it steps up safety measures
- TAL prices share offering
Box lessor fixes price at $36 per share
- Japan yards warn of delivery delays as work resumes
Delays of between two to five months possible as some shipbuilders recommence operations
|APRIL 1, 2011|
- Seadrill signs up Dockwise
DOCKWISE, the Dutch heavy-lift operator, said it has signed a deal to provide transport for rig operated by Seadrill Management, including its subsidiaries
- Crude price rises to mid-2008 level
CRUDE'S price rose today to a level last seen two and a half years ago, as continued Middle East upheavals continued to stoke supply concerns
- Beluga seeks to return
INSOLVENT project shipping group Beluga is reportedly aiming for a comeback after a trade-off with its investor and lender Oaktree Capital Management
- Transatlantic makes major changes
SWEDEN'S Transatlantic has announced plans to spin off of parts of its offshore/icebreaking business
- Trailer Bridge's bond refinancing nears
NASDAQ-listed Trailer Bridge has reported progress on its bond refinancing, as well as weakened backhaul business out of Puerto Rico
- Koo's fined for bilge dump
TAIWANESE shipowner Koo's Shipping has been fined $1M fine for illegally dumping bilge water from one of its reefer vessels
- Vale confirms Agnelli exit
BRAZILIAN iron ore major Vale has confirmed that it will replace CEO Roger Agnelli, bowing to pressure from the federal government
- 2 dead, 1 missing after collision
TWO MARINERS were killed and another is missing after a small tanker and a fishing boat collided today in the Philippines
- Six seek top IMO job
SIX MEN are seeking to be the next secretary-general of the IMO ' the most candidates ever to stand for election
- India rises in chemical market
RISING demand from India is providing support for chemical tanker markets, Singapore shipbroker Eastport Global said today
- Refinery shutdowns boost LR1 demand
REFINERY shutdowns caused by Japan's recent earthquake are starting to affect LR1 tanker rates, brokers have told Fairplay
- Venezuela boost seen on VLCC rates
A SHARP rise in oil shipments from Venezuela is expected this year, which might spell relief for the VLCC market's weak freight rates, according to a Pareto analyst
- APL to scan Japan exports
APL ANNOUNCED today that it will begin scanning containers being exported from its marine terminal in Yokohama for radiation
- Brazil gives green tick for STX OSV plan
NORWEGIAN shipbuilder STX OSV told Fairplay today that its plan to build eight LPG carriers for Transpetro at a new Brazilian yard has moved a step closer
- MOL sees crew squeeze
MOL PRESIDENT Koichi Muto warned today that a large number of global newbuilding deliveries will result in a shortage of seafarers this year
|APRIL 1, 2011|
- YRC Worldwide Reorganizes Financial Team
- House Passes Long-Sought FAA Bill
- APM to Operate Peruvian Terminal
- Aerospace Executive Favors Korea Free Trade Agreement
- UPS, FedEx Form Clean Fleets Partnership
- LaHood to Keynote Marine Highways Conference
- Manufacturing Index Growth Slows Slightly
- Asia Air Freight Rates Slide to 17-Month Low
- Ocean Carrier Pleads Guilty to Polluting
- Traffic Deaths Drop 3 Percent in 2010
- Spring Snowfall Closed UP Tracks in Donner Pass
- Trucking Scrambles to Add Jobs in March
- Cargo Diversion
- Acts of God and Carrier Liability
- When Disaster Strikes
- Crisis Point
- Danaos Completes Financial Restructuring
- Cargolux Returns to Profit in 2010
- APL to Scan Japanese Export Boxes for Radiation
- Yusen, NYK Logistics Merge in Americas
- Grand Alliance, ZIM, Hyundai Start All-Water Loop
- Trailer Bridge Swings to $2.3 Million Loss
|APRIL 1, 2011|
- Cote D'Ivoire: is the end near?
- Deutsche Bahn raided
- Lidinsky: 'Don't overreact' to Japanese nuke threat
- Nigerian ports on a knife edge
- More bunker trouble for carriers
|APRIL 1, 2011|
- Floatel scores extension
Oslo-listed offshore accommodation player's contract backlog tops $423m as Statoil indulges in rig option.
- Merwede profit rockets
Netherlands-based shipbuilder's income leaps following market reversal.
- Signal seals Kirby order
US yard group makes good on a promise to return to shipbuilding with $47m newbuilding contract.
- All change at Transatlantic
Boss quits as Swedish owner considers separate offshore listing while acquiring bulker owner Osterstroms.
- Dockwise gets a boost
Dutch heavy-lift owner to transport all rigs operated by Seadrill.
- Swedish Club makes $30m
Lars Rhodin led insurance mutual sets the ball rolling on what is expected to be a financially favourable year for all.
- Condor captain off duty
Chief officer of ferry involved in fatal Channel crash also non-operational as probe continues.
- Ashika four guilty
Shipping boss, captain and two others face 10 years in prison after being convicted of manslaughter in Tongan ferry trial.
- China Merchants on rise
Hong Kong-listed terminals group sees 2010 proft soar as volumes grow 21%.
- Are ships an aphrodisiac?
Why all the nice girls love shipowners more than sailors, introducing a friendly banker and fighting in the insurance market.
- Dredger hits gas pipe
Fountain of gas and condensate erupts in the Gulf of Mexico after accident.
- Red ink for Trailer Bridge
Nasdaq-listed owner posts fourth quarter loss but boasts significant progress with refinancing effort.
- Cargoship grounds
Traffic resumes in Canada after grounded cargo vessel is removed.
- New5 in Numb3rs
Polembros snares KLC VLCC exile at a knockdown price while TEN's shuttle tanker order starts to take shape.
- Halifax wields the axe
Irving-owned Canadian shipbuilder laying off 50 workers as projects are completed.
- Danaos does the business
John Coustas-led containership owner refinances newbuilding programme to the tune of $818m.
- Fincantieri to buy Davie
Italian yard group and Finmeccanica step in with potential rescue of bankrupt Canadian shipbuilder.
|APRIL 1, 2011|
- CMA funds Education Foundation
The Connecticut Maritime Association (CMA) has formed a charitable foundation to promote and support maritime-related education and endowed it with a $500,000 donation. TheCMA Education Foundationwill award scholarships to further maritime educati...
- MOL merges crewing companies
Mitsui O.S.K. Lines said two of its group companies ' International Marine Transport Co., Ltd. and MOL Tankship Management Ltd. ' have agreed to merge, effective April 1. The new company will operate as MOL Ocean Expert Co. The merger was approved ...
- Danaos completes refinancing plan
The Greek containership leasing company Danaos said it had completed a comprehensive financing plan which will fund a newbuilding program for 13 ships with aggregate capacity for 129,250 TEUs. The plan provides for new financing of $818 million, in...
- Koo's Shipping fined for dumping oil bilge
Koo's Shipping Co., a Taiwanese corporation, pleaded guilty in U.S. federal court Thursday to charges of making false statements, knowingly failing to accurately maintain an oil record book as required by international treaty and U.S. law, and for...
- Maersk increases Puerto Rico rates
Maersk said it will increase freight rates for containers with scrap metal and wastepaper moving from Puerto Rico to China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam, Cambodia, India, Paki...
- Trailer Bridge reports $2.9 million loss
Trailer Bridge, a roll-on/roll-off liner service provider in the U.S., Puerto Rico and Dominican Republic trade, reported a loss of $2.9 million in the fourth quarter ending Dec. 31, 2010, compared to a $1 million profit in the same 2009 period.Re...
- Carriers calling Japan watch for radiation
APL said Friday it will begin large-scale radiation scanning of containerized Japanese exports delivered to its marine terminal in Yokohama. The Singapore-based liner carrier said it has been doing limited scanning since March 26, but no radiation...
- TAL prices stock offering
The container leasing company TAL International Group said Thursday that it has priced a secondary offering of its 5.5 million shares of stock at $36 per share. The company will sell 2.5 million shares for an aggregate $90 million while an existin...
- Batteries not included
- Editorial April 2011
|APRIL 1, 2011|
- Changes at TransAtlantic ' CEO resign
TransAtlantic's Board has announced strategic changes in the group's operations. The decision means preparations are being made for a demerger of the company in its activities Industrial Shipping and Offshore
- TransAtlantic sells three roro ships
TransAtlantic will sell the three RoRo carriers Ortviken, Östrand and Obbola to SCA Transforest, which has decided to exercise its purchase option. The carriers have been chartered to SCA for
- Indian Navy captures 61 pirates from one mothership
"The International force should do like the Indian Navy: Sink the pirates' motherships take them out of business", says Jan Fritz Hansen, Deputy CEO of Danish Shipowners Association in a
- Norwegian tug sold to Norway
The Danish flagged tug Western Seqi has been sold to Norway and is now part of the tug fleet in Narvik, Norway. The Western Seqi was originally built for Norwegian
|APRIL 1, 2011|
- Hong Kong premiums down
Premium is a drop from the records witnessed in March of $26-30/mt
- Bunker prices surge to new high
Crude futures settled at a two-and-half-year high on higher than forecast US job growth in March and weakness in the US dollar.
- Matson continues to hike surcharge
The changes will take effect on May 1.
- Fears of bunker spill recede
Vessel successfully refloated.
- Prices return to 2008 levels in Middle East hub
Fujairah MGO prices breach $1,000
- Newbuild will be among the most 'fuel efficient' vessels in class
Norwegian Car Carriers says 6,500 CEU vessel will 'meet all currently known future emission requirements.'
- MGO prices close to three-year high
Bunker markets firm across Europe.
- Bigger role for LNG and biofuels
But DNV says nuclear powered ships will 'initially struggle to get public acceptance'.
- UK port looks at proposals to improve bunker infrastructure
Falmouth 'Masterplan' calls for investments of $170 million over the next five years.
- Asian bunker prices climb to 30-month high
Enquiries 'low' across Asia's main bunker hubs, traders say.
- Japan may support initial demand for Singapore's LNG
Singapore's first LNG facility 30% complete and ready to start operations in the second quarter of 2013.
- New coating system to cut bunker fuel costs
Less bunker fuels consumed during cargo tank cleaning process with International Paint's new product.
- Grounded vessel sparks bunker spill alert in Ireland
Protective booms placed around the Pantanal, while two tug boats will try to refloat it today.
- South China fuel oil stocks slightly down
Volumes fall as there were no inflows into the terminals.
- Extra slow steaming curbs CSCL fuel costs
'Locking' fuel also help offsets the impact of rising oil prices, says chairman.