|APRIL 5, 2011|
- Luxury cruise line upbeat despite oil cost
Crude oil prices may be rising, but that is not softening demand for luxury cruises in the Asia-Pacific, says Kenneth Watson, chief operating officer of Silversea Cruises. Mr Watson was in town yesterday as the company's newest ship, Silver Spirit, made her inaugural visit to Singapore as part of a 119-day world cruise, 'Spirit of Discovery'.
- Tanker owners may seek Japan premium
Some oiltanker owners are seeking additional fees for carrying cargoes to Japan, the world's third-largest crude consumer, according to Stena Bulk AB, which operates a fleet of more than 80 vessels.
- Chinese stop ordering scrap steel from Japan
Chinese buyers stopped new orders of scrap steel from Japan and blocked some existing cargoes because of concern over radiation from a crippled nuclear plant, researcher Umetal.com said.
|APRIL 5, 2011|
- APL scans Japanese exports for radiation before loading
- MOL plans to expand by focusing on trade in emerging markets
- World's biggest shipping lines freely call at Tokyo Bay ports
- Nigerian dock strike looms after labour talks stall
- Deutsche Bahn Mobility Network profit up 25.3pc to US$1.49 billion
- Singapore takes command of counter-piracy task force
- Accent on goods, services, investment at Transpac trade talks
- Logwin doubles storage space in Vietnam as fashion, footwear volume soars
- Beijing tops world air freight, passenger volume in 2010: ACI
- Cargolux back in black with US$59.9 million profit in 2010
- Dallas Forth Worth airport sets record highs for air cargo
- Russia's Volga-Dnepr flies 100 tonnes of oil equipment gear to Congo
|APRIL 5, 2011|
- Ahlers plans further expansion in India
- ASC proposes anti-terrorist measures against Somalian pirates
- NYK Group adopts new logo
- EPCES members participate in Panama trade fair
- Ginger exports double, spices exports up
- Iron ore exports slump by 18 pc in Feb.
- JN Port handles highest-ever 4.27 million TEUs
- VPT registers best-ever 68.04 million tonnes in 2010-11
- Export target of $ 200 bn achieved in February itself
- FDI norms relaxed
- Sole proprietorship, partnership companies bore brunt of global meltdown, finds survey
- Hijacking from a strategic vantage position
- Russia makes immigration rules easier for skilled specialists
|APRIL 4, 2011|
CMA CGM: Saadé is sole ruler again
Philippe Soulié, the general manager of CMA CGM left the shipping company on 31 March. At the end of 2009, the creditor banks insisted that Soulié quit the company that was founded...
- Dockwise now preferred transport provider for Seadrill
Dockwise, a company that is incorporated in Bermuda and which employs more than 1,200 people on and offshore, has entered into a master service agreement with Seadrill Management t...
- Canso welcomes two new Asia/Pacific region members
The Civil Air Navigation Services Organisation (Canso), an association of air traffic control service providers and a representative of the interests of air navigation service prov...
- Ceva opens dedicated healthcare centre in Leipzig
Transport and SCM specialist Ceva Logistics has opened a new logistics centre in Leipzig (Germany). The distribution centre will exclusively serve the US company Medtronic, a leadi...
- Schenker Germany investing in new Berlin facility
Schenker Germany recently held the ground-breaking ceremony for another modern handling facility in the Grossbeeren freight village in greater Berlin. DB Schenker is expanding its ...
- Wim Bosman Central Eastern Europe now HACCP certified
Wim Bosman Central Eastern Europe, a part of the Dutch Wim Bosman Group, is now certified for HACCP (hazard analysis and critical control points) temperature-controlled transport s...
- Maximus Air Cargo converting Airbus planes into freighters
Abu Dhabi-based Maximus Air Cargo, the UAE's largest dedicated cargo aircraft operator, flew over an Airbus A300-600 to the Elbe Flugzeugwerke's conversion site in Dresden (Germany...
- Air France returns to Phnom Penh after 37 years
Air France has returned to Phnom Penh (Cambodia) after a 37-year absence, landing at the capital city's international airport again last Thursday. The carrier offers three schedule...
- Western railway line reopened in Australia
The western railway line in Queensland (Australia) has reopened, three months earlier than planned, with the first coal train passing through Toowoomba recently. The Western line e...
- Siemens sets up new UK rail centre
The mobility division of Siemens has established a new railway centre in the United Kingdom, the first of its kind worldwide, and called it the rail innovation centre of competence...
- New railway wagon factory to be set up in India
The Indian ministry of railways has proposed the establishment of a new railway wagon factory near Brahmapur in the Ganjam district of the eastern state of Odisha (formerly Orissa)...
- Volvo Trucks starts selling heavy hybrid trucks
Volvo Trucks has commenced heavy hybrid truck sales under the name Volvo FE Hybrid to customers in selected European markets, as part of the Volvo Group's focus on hybrid vehicles....
- Northern Commercials helps Clipper Group in the UK with New Look
Northern Commercials, an Iveco truck and van dealer based in Brighouse and Manchester (England), recently supplied the Clipper Group with 16 new vehicles for the latter's nationwid...
- BDB does not see equal treatment for canals and railways
The German inland shipping organisation (Bundesverband der Deutschen Binnenschiffahrt BDB) has criticised the German transport ministry's freight transport and logistics action pla...
- APL to scan Japanese exports before loading
The global shipping line APL will begin radiation scanning of containerised Japanese exports delivered to its marine terminals for transport on APL vessels. The decision makes APL ...
|APRIL 4, 2011|
- EU Navfor to release two pirate suspects
- LR and ABS release jointly developed CRS software
- Ambassadors to sell Windstar Cruises in court supervised process
- Prospector Offshore exercises options for two more jack-ups
|APRIL 4, 2011|
- FMC Chairman warns shippers to take care regarding situation in Japan
- Public meeting to discuss Sea-Tac Airport Noise Study
- Maersk Line names new WAFMAX vessel
- APL to begin scanning boxes containing Japanese exports
- Grand Alliance joins other carriers for expanded Trans-Pacific coverage
|APRIL 4, 2011|
- Euronav VLCC tanker pair sold for low-$60m each
Two very large crude carriers built in 2001 and owned by Belgian shipowner Euronav are being negotiated for sale at prices in the low $60m region to buyers in Asia
- Exmar secures premium for VLGC
Flopec takes gas carrier on one-year charter at 9% over average rate
- Ship Finance OBO carrier sold to China for $1m above scrap value
Ship Finance International has sold an ore bulk oil carrier for over $12.7m, achieving a $1m premium above the vessel's potential scrap value
- MT Marine Management joins Icon Capital in secondhand tanker spree
MT Maritime Management joining Icon Capital Corp in investing in tanker tonnage over the last month
- Legal issues thwart sale of Korea Line tanker duo
Legal problems have scuppered the sale of two Korea Line -controlled medium range tankers to Russian's largest shipowner, Sovcomflot
- Bangladesh breakers still in limbo
Yards are still buying vessels but High Court has yet to signal when breaking can restart
- Middle East unrest drives bunker prices t0 31-month high
Fujairah 380cst prices pushing towards $665 per tonne while Rotterdam heading to $630 per tonne
- Maritime arbitration sees 20% drop
London Maritime Arbitrators' Association witnessed 20% fall off in cases registered in 2010
- The devil is in the detail
The Mombasa piracy information-sharing centre represents a hopeful sign that the spirit of the Djibouti Code of Conduct is alive and well
- Fuelling concern
It is escalating fuel costs followed by sharply increasing baf levels that is underpinning any recovery in the Shanghai Containerised Freight Index rate
- Paragon unveils Box Ships listing plan
Targets $184m from its container vessel operation spin off
- NOL hit by sliding freight rates
Line's average freight rate down 1% as Asia-Europe rates weaken but carryings up 12%
- Lines dispel box shortage fears
Carriers ensure earlier situation that led to concerns had been resolved
- K Line snaps up remaining stake in SAL
K Line to take over all employees as well as management of German heavylift company
- CMA CGM's Sartini calls for global box forum
Container shipping needs to find way of avoiding capacity imbalances
- Dynacom tanker set to load Libyan oil
Lloyd's List Intelligence data shows the Equator due to call at terminal in rebel-held Tobruk tomorrow
- Rail track upgrade boosts Southampton box handling
Upgrade allows high cube containers to be carried on conventional freight wagons
- MCC Transport to launch new service
Weekly service will connect Taiwan with Vietnam and Singapore
- Fincantieri in talks to buy Davie Yards
Struggling Canadian yard in exclusive talks with Fincantieri and DRS Technologies Canada
- Suez Canal operations resume after Zim boxship refloated
Vessel ran aground on Sunday after engine failure
- Ambassadors files for bankruptcy
Aim is to orchestrate a court-supervised sale process
- Innovation in maritime engineering needs industry unity
The European maritime engineering and manufacturing community is a valuable asset that deserves careful nurture
- European marine engineers and yards must forge closer ties
Business need to collaborate and focus on key developing markets to remain competitive
- The return of charterer default insurance
Bespoke product is making a comeback following a two-year hiatus but insurers are unlikely to consider risky counterparties now
- Cover used in niche situations, say lenders
Banks lending into the shipping industry do not insist on clients having charterer default cover but there are situations when it would be preferred
- Charterer default insurance at a glance
Charter default insurance is a niche insurance product which covers counterparty risk on the part of the charterer
- Somali pirates set to step up attacks
Nato chief warns piracy activity may rise as weather off Somali coast improves
- Jim Stewart takes helm at Maritime UK
British Ports Association chairman takes over Jan Kopernicki
|APRIL 4, 2011|
- Frontline parts with past
FRONTLINE has agreed with Ship Finance International to terminate their long-term charter party for the OBO carrier Front Leader
- Windstar owner seeks Chapter 11 shield
SHAREHOLDERS and bondholders of Windstar Cruises owner Ambassadors International will be wiped out in a Chapter 11 bankruptcy filing
- APM plans Callao injection
AP MØLLER Maersk's APM Terminals plans to invest $1.1Bn to develop the Muelle Norte pier at Peru's Callao port
- Ras al Khaimah expanding
THE UAE government of Ras al Khaimah reportedly plans to spend 1.4Bn dirhams ($381M) to develop new ports
- Box derivative index spurned
FRENCH box line CMA CGM and vehicle automotive Michelin today rejected using container freight derivatives based on the Shanghai Containerized Freight Index
- Bangladesh scrapping delay boosts rivals
INDIAN, Pakistani and Chinese scrapyards are muscling in on good tonnage as their Bangladeshi rivals continue to face obstruction from the country's courts
- China halts scrap orders from Japan
CHINESE buyers have halted new orders for Japanese scrap steel and refused some existing shipments because of radiation fears, a sector analysis group reported today
- Capesize rates seen retreating on Brazil
CAPESIZE rates are expected to retreat this week because of scarce Brazilian iron ore cargoes, Arctic Securities predicted today
- IHC sees more growth
IHC MERWEDE, the Dutch dredger and mining vessel builder and designer, said today it expects its 2011 turnover to rise at least 5% and profits to increase after a strong 2010
- Coal surge eludes Japan
A PREDICTED supply surge of post-quake thermal coal to Japan has failed to materialise, sector players told Fairplay today
- Ashika guilty sentenced
THE FORMER managing director of the Shipping Corp of Polynesia has been jailed for five years for manslaughter over the 2009 sinking of the unseaworthy ferry Princess Ashika
- 'K' Line buys all of SAL
'K' LINE said today its European subsidiary has acquired all of the German heavy-lift shipping group SAL
|APRIL 4, 2011|
- Omani Fund Buys Hapag-Lloyd Stake
Onyx Investments, an Omani government-owned sovereign wealth fund, took a 15 percent stake in Hapag-Lloyd, an official at the parent...
- Diesel Nears $4 per Gallon
Diesel prices last week climbed 4.4 cents to an average of $3.976 per gallon, the highest level in two and...
- Paragon to Launch IPO for Subsidiary Box Ships
Paragon Shipping unveiled plans to raise almost $200 million through an initial public offering of shares in its recently established...
- Dachser Boosts Revenue 19 Percent
Dachser, the German global logistics services provider, increased 2010 revenue 19 percent, or $858 million, from the previous year to...
- Hub Group Buys Exel Transportation
Intermodal transportation giant Hub Group acquired Exel Transportation Services, a $717 million third-party logistics company, from Deutsche Post subsidiary Exel. ...
- European Group Launches Standard Shipping Contract
The United Kingdom's Freight Transport Association unveiled a standard maritime contract on Monday the shipper-focused group believes can bring more...
- Deutsche Bahn Revenue, Profit Surged in 2010
Germany's Deutsche Bahn, Europe's biggest rail operator, posted double digit revenue and earnings growth in 2010 as its freight and...
- Business Confidence Sinks in Japan
Pessimism has grown among Japanese firms over future business conditions in the wake of the devastating earthquake and tsunami that...
- "K" Line to Acquire All of Heavy-lift Carrier SAL
"K" Line, which already owns 50 percent of German heavy-lift carrier SAL Group, reached agreement to acquire the remaining 50...
- Can John Mica Build a New Road?
Standing before a group of shippers last week, Rep. John Mica didn't even wait for the first question to finish...
- APL Volume Rises 12 Percent on Lower Rates
APL's container volume increased 12 percent in the four-week period from Feb 12 to March 11 compared to the same...
- Pacer Names Gardner to Lead International Units
Pacer International named Daniel L. Gardner leader of its international business units, which include Ocean World Lines, Pacer's global door-to-door...
- Conference Presses Japanese Government on Radiation
Japanese and foreign shipping firms urged the Japanese government to take further action to minimize the effects on their business...
- Intermodal Pricing Packs a Punch
The intermodal market is heating up so much that rate increases could be the strongest in a decade. That's...
- Cat Eyes Logistics Split, Sale
Caterpillar, the $42 billion equipment manufacturing giant, aims to cash in on an increasingly strong recovery in third-party logistics by...
- US'Europe's Energizer Trade
The trans-Atlantic shipping business is the epitome of a mature market. But for shippers selling goods across the Atlantic and...
- LTL's Capacity Squeeze
For shippers, the search for truck capacity is like playing dominos. When capacity contracts at one point in the supply...
- Infrastructure's Taxing Dilemma
In an increasingly adversarial political environment, it's refreshing to see AFL-CIO President Richard Trumka and U.S. Chamber of Commerce President...
- Default on the Horizon
Horizon Lines expects to default on its debt covenants this year, a development the company's accountant says raises "substantial doubt"...
- Baltimore Ready for Channel Switching
The Port of Baltimore will get a leg up on many East Coast competitors next year when the new berth...
- Pursuing Rate Stability
When the 2008-09 global economic and trade recession sent ocean shipping freight rates for U.S. imports of Asian goods spiraling,...
- The President's Trade Agenda
On March 1, U.S. Trade Representative Ron Kirk delivered President Obama's 2011 Trade Policy Agenda and 2010 Annual Report to...
- Facilitating Trade Across the Pacific
When leaders of the 21 nations in the Asia-Pacific Economic Cooperation meet in Honolulu this fall, the U.S. hopes they...
- Title XI's Final Chapter?
Just when a new crop of entrepreneurs is looking for ships to operate in U.S. domestic maritime service, one of...
- Opting Into Data
The issue of data ownership is an obstacle to broader acceptance of cloud-based collaborative TMS models. Paradoxically, it...
- Greening Up
Hours-of-service restrictions and CSA 2010 aren't the only issues motor carriers are dealing with. Trucking companies and 3PLs will ramp...
- Trucking Through the Cloud
Transportation management software delivered under the software-as-a-service umbrella is evolving as next-generation hybrids and cloud computing delivery models enter the...
- Tea and Transportation
As chairman of the House Transportation and Infrastructure Committee, Rep. John Mica sees no future in battling with the Tea...
- Friends in Transport
Once colleagues in Congress, Rep. John Mica and Transportation Secretary Ray LaHood have the sort of genial rapport that contrasts...
|APRIL 4, 2011|
- When is a safe port not a safe port?
The nuclear aftermath of the March 11 Japanese earthquake looks set to be the cause of considerably more upset to the global supply chain than the massive 9 magnitude quake itself; but some of the disruption - stimulated by man's biggest fear, the fear of the unknown - is arguably an unnecessary overreaction
- CMA CGM's Sartini calls for new approach to break 'vicious cycle'
- Customer loyalty not price should be 'primary concern': CI conference told
- Ivory Coast: Abidjan awaits 'rapid offensive'
- Global Liner Shipping Conference underway in London
- NYK launches its medium-term plan and new logo
|APRIL 4, 2011|
- Rebels attempt oil exports
Eastern Libyan port controlled by political rebels prepares to export oil onboard tanker tied to Greece's Dynacom.
- Torm targets Brazil
Jesper Bo Hansen says new outpost is vital for victory as Danish owner hunts bulker and tanker contracts in South America.
- Otto returns to sales floor
Lee Kok Wah-led owner and shipbuilder offloads third offshore vessel in less than a week after sealing $31.5m deal.
- EMS finance chief quits
Camillo Eitzen's Snorre Krogstad steps up as Knut Abrahamsen heads for the door.
- Ambassadors in Chapter 11
US private-equity powerhouse plots raid on luxury cruiseships controlled by insolvent parent of Windstar Cruises.
- Pac Basin stacks it higher
Klaus Nyborg-led bulker owner adds $80m to its cash pile following disposal of Green Dragon shares.
- Paragon unveils IPO
Greek shipping company announces $200m listing of container unit on NYSE.
- Greek bulker flees attack
Sea Globe Management vessel dodges pirate hit off Mombasa but the gang are not so lucky when a warship comes knocking.
- Frontline ditches OBO
Fredriksen-controlled company says goodbye to Front Leader in early scrapping of charter deal with spin-off SFI.
- Ferry brings out Libyan injured
Turkey's Ankara car ferry turns into hospital ship as it takes casualties out of Misrata.
- Coastal open to merger
Malaysian offshore owner and yard group in early talks with potential investors.
- Fugro takes Dof PSV
Helge Mogster-controlled company nets two year deal which also employees a newbuilding in Brazil.
- Greek bulker refloated
Tugs pull grounded Vasco ship free off Turkey after reported engine failure.
- Pioneer presses FFA claims
Liquidators of Chinese freight futures player make progress in long running dispute with Nobu Su's TMT Asia.
- George plots bond bonus
DryShips' drilling spin-off plots $500m issue to help pay for drillship newbuildings.
|APRIL 4, 2011|
- EOBRs 'step backward' for truck safety
The Owner-Operator Independent Drivers Association (OOIDA) criticized proposed legislation to mandate electronic onboard recorders for interstate commercial motor carriers as just another way of putting small truckers out of business. The bill was ...
- Detsche Bahn 2010 revenue up 17%
German railroad and logistics company Deutsche Bahn last week reported a strong recovery in 2010 with adjusted earnings before interest and taxes (EBIT) of 1.9 billion euros ($2.7 billion), 10.7 percent more than the same 2009 figure. Revenue was 3...
- EC in Deutsche Bahn competition probe
The European Commission said last week its officials and counterparts from the German competition authority undertook unannounced inspections at the premises of Deutsche Bahn AG and some of its subsidiaries. "The commission has reason to believe th...
- MCC introduces Taiwan service
Maersk affiliate MCC Transport said it is introducing a Taiwan Service (TW1) providing new direct transit between ports in Malaysia, Singapore, Vietnam and Taiwan. The new TW1 service runs on a 14-days rotation covering the ports of Tanjung Pelepas...
- MSC raises transatlantic rates
Mediterranean Shipping Co. said it is raising eastbound rates from North America to Europe and the Mediterranean, effective May 1. From the United States, Canada and Mexico to North and West Europe, including the United Kingdom, as well as the West...
- "K" Line to expand in heavy lift shipping
"K" Line said Monday that it will acquire the remaining 50 percent of heavy lift transport company SAL Group in June, and it intends to "develop heavy lifter business as a core business of 'K' Line with the established trade name of SAL." "K" Line ...
- New Zealand security program, C-TPAT reach parity
U.S. and New Zealand officials have agreed to expand cooperation between their respective trusted shipper security programs and initiate other steps to enhance trade and security. Customs and Border Protection stated on its Web site that two weeks ...
- Strategic View April 2011
- Tier 2 status
New Zealand security program, C-TPAT reach parityU.S. and New Zealand officials have agreed to expand cooperation between their respective trusted shipper security programs and initiate other steps to enhance trade and security. CBP names ACE Trade...
- 'May have breached EU antitrust'
EC in Deutsche Bahn competition probeThe European Commission said last week its officials and counterparts from the German competition authority undertook unannounced inspections at the premises of Deutsche Bahn AG and some of its subsidiaries. Det...
|APRIL 4, 2011|
- Fujairah market firms
Barge schedules reported as tight.
- Shorelines 'thick with oil'
More support vessels arrive as Tristan da Cunha.
- Bunker prices post double-digit gains in European ports
Tight avails on all products in Hamburg, says supplier.
- WFS completes latest acquisition
CEO says deal will strengthen company's platform in the aviation sector.
- Shell sells downstream assets in Chile
Quinenco will become 'delivery service provider' for marine products.
- Gibraltar bunkering proposals 'unacceptable' says bird protection society
'An accidental spillage, however minor, will affect the wellbeing of the natural environment,' say ornithologists.
- Asian bunker prices continue upward swing
Demand for bunkers generally low at key Asian ports on Monday.
- O.W. Bunker strengthens its worldwide trading team
Two new appointments in Denmark.
- Indian refiner sells 380 cSt cargo at 'steady' premium
Appetite for Indian cargoes 'drop' because of delays at the country's ports, traders say.
- 'Much work' needed to make LNG a viable option
LNG bunkering should be 'as close to traditional bunkering as possible', says O.W. Bunker.
- Sinopec Zhoushan sells record volumes in March
Shipowners buy more in mid-March due to concerns that bunker prices may rise further, says company source.
- Petrobras completes first offshore bunkering operation
Expects 'sustainable growth' in bunker sales following commencement of operations.