|SEPTEMBER 5, 2011|
- Baltic index rises close to 9-month high
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to its highest in nearly nine months on Friday after surging iron ore and coal export business to Asia sustained a rally in recent days.
- Miami port dredging may damage reefs
As Miami prepares to dredge its port to accommodate supersize freighters, environmentalists are making a last-ditch effort to protect threatened coral reefs and hectares of sea grass that they say would be destroyed by the expansion.
|SEPTEMBER 5, 2011|
- CMA CGM tells smaller ships to withdraw from Asia-Europe to halt decline
- Week in Rates: Transpac, Asia-Europe rates fall again after brief rebound
- IADA ups intra-Asia rates US$75/TEU, and may levy $100/TEU October 1
- World Container Index launched, aims to become basis of derivatives market
- Port of Xiamen July container throughput rises 10.6pc to 569,000 TEU
- Dongjiakou Harbour signs cooperation pact with Port of Vila Velha in Brazil
- Guangxi provincial port throughput hits 100 million tonnes in first half
- Taiwan customs bribery scam lengthens import queues in box crackdown
- Moffett Engineering, maker of truck-mounted forklifts rebrands as Cargotec
- US Post Office drops LTL service, results in job service job losses
- Singapore Health and Safety Act now applies to 50pc of national workforce
- Asia-Pac biggest, but joins global air cargo's 0.4pc July decline: IATA
- Air China's July cargo volume edges down 0.2pc to 91,100 tonnes
- Chongqing airport July cargo throughput up 34.2pc to 16,800 tonnes
- China Southern Airlines takes Canadian seafood direct to China
- America's Capital Cargo Airlines hit with FAA safety violation fines
|SEPTEMBER 2, 2011|
- Mahan Air starts flying to Shanghai
Today Iran's Mahan Air is starting flights to Shanghai Pudong airport (PVG), its third new route for 2011, after Kuala Lumpur (Malaysia) to Mashad as well as flights to Istanbul Sa...
- Martinair Cargo launches service to Dubai
Amsterdam-based Martinair Cargo, a company of the Air France-KLM Group, is starting a new service to Dubai Al-Maktoum airport (DWC) today, operated by Boeing B747 freighter three t...
- German railfreight volumes rise in H1/2011
Goods weighing a total of 188 million t were transported on German railway lines in the first six months of 2011. Destatis, the country's federal statistical office, told the media...
- Iata: freight continues to stagnate
The International Air Transport Association (Iata) has released the traffic figures for July, which showed that freight markets were stagnating with a 0.4% demand decline on prior-...
- CSX investing in Ohio intermodal terminal
The US railway company CSX has announced that a USD 59 million intermodal freight terminal expansion is underway in Columbus OH (USA). This terminal expansion is part of a national...
- Russian Railways to upgrade Far Eastern infrastructure
Russian Railways has designed an upgrade programme for the eastern section of the Trans-Siberian Railway and the Baikal-Amur Mainline. The planned investments for the upgrade of th...
- Ten Maxity Elektrik vehicles for Greenway Services
After a 15-day test of the Renault Maxity Elektrik under real conditions, Greenway Services has signed a long-term lease agreement for ten Maxity Elektrik with French lease provide...
- GL Award for Young Professionals
The classifications society Germanischer Lloyd (GL) has rewarded three young engineers for their outstanding diploma theses. For the 2010 award, engineering students were asked to ...
- Wrangle between Cosco and shipowners
A wrangle between the China Ocean Shipping Group (Cosco) and several international shipowners over unpaid or partially paid ship leases has angered those caught up in the disputes....
- APM Terminals rolls out maintenance service in Copenhagen
APM Terminals - Cargo Service is now offering a maintenance and repair service at DB Schenker's rail terminal in Hoeje Taastrup (Denmark). The service is designed to help shipping ...
- GLS operates first green depot in the Netherlands
GLS Netherlands has launched its first "green" depot in Enschede. During construction, the package, freight and logistics services provider relied on energy-saving techno...
- Fiege transports coffee for Moema
The German logistics services provider Fiege will cooperate with Moema Espresso Republic in the future. Moema Espresso Republic offers fair-trade espresso. According to Fiege, its ...
- Kuehne + Nagel provides warehousing and distribution for Celio India
Kuehne + Nagel recently signed a three-year contract with Celio Future Fashion Limited for the provision of domestic warehousing and distribution services in India. Celio, a leadin...
- New K+N Poland-UK groupage link
Following the recent acquisition of the United Kingdom's RH Freight, Kuehne + Nagel has launched a daily direct link between its central hubs in Poznan and Nottingham, in order to ...
- MOL starts safety campaign
Mitsui O.S.K. Lines (MOL) recently launched a six-week safety campaign. President Muto, executives and other personnel will proactively visit MOL-operated vessels to exchange opini...
|SEPTEMBER 2, 2011|
- New maritime and port security training alliance launched
- Hyundai Heavy to install HiMSEN engines in 15 drillships
- PowerBuoy undamaged by Hurricane Irene
- New SUNY Maritime College president takes office
- Coast Guard warns of problems with VHF DSC distress alerts
|SEPTEMBER 2, 2011|
- Americold to receive Port of Tacoma Globe Award
- Boeing set to deliver first 747-8 Freighter
- University of North Florida student earns Thomas B. Crowley scholarship
- Executive structure changing at Port Metro Vancouver
- Rail freight traffic sees up/down week
|SEPTEMBER 2, 2011|
- Capesize rates look to maintain upward push
Optimists say fronthaul fixtures could move above $27 per tonne
- Russia bids to strengthen Arctic presence
Rosatomflot confirms possibility of new nuclear icebreaker as government looks to build up its ageing fleet
- Northern sea route transits increase
As many as 15 transits expected
- Watch out for those dramatic pollution pictures
The tendency to link spilt oil with tankers was an unhealthy trend that was followed by too many commentators
- Revenue-based index shows global forwarders boosting market share
Weighted system often used by competition regulators more accurately measures market presence of leading companies
- Long Beach and Toyota sign long-term lease
Japanese car maker committed to southern Californian port until 2028 after $240m 20-year lease renewal
- Sibur unveils detailed view of planned Ust-Luga LPG terminal
Facility will be the largest terminal in the Commonwealth of Independent States for the transhipment of LPG, says company
- Baltic Dry Index hits 2011 high
Western Australian exports and Japanese imports up, but questions are raised about sustainability of capesize rates rally
- Legal battle between Inttra and GT Nexus hots up
Inttra files counterclaims against GT Nexus
- Libya port operations remain unclear
Some movement seen as European Union lifts sanctions against six port authorities in Tripoli, Al Khoms, Brega, Ras Lanuf, Zawia and Zuwara
- Owners enjoy capesize party while it lasts
Fronthaul demand is helping boost rates in the Pacific but the outlook from October onwards is hazy
- Seaarland companies demand $4.8m in cash
Money from non-Chapter 11 affiliate will go a long way in keeping them afloat as they reorganise, petition tells judge
- Shipping links with Libya given the all-clear
No more legal obstacles remain to block business on the same basis as before the civil war
- Suezmax earnings fall to two-year low as rising bunker prices eat into returns
Increased fixing activity on West Africa to US route fails to lift rates in overtonnaged Atlantic
- Cargo growth fails to stop Asia-Europe rates slide
Bellwether ports Los Angeles and Long Beach show flat conditions on the Pacific as inbound volumes weaken
- HSH Nordbank agrees further cuts in state aid
Guarantees to be reduced by another $1.4bn in wake of agreement to shed jobs and trim bank's shipping book
- Bulkers over 23 years old 'must be demolished'
Hosco Group chairman Gao Yanming says owners need to make a greater effort to reduce overcapacity in the dry bulk market
- Sanctions silver lining
Removing Syrian oil from the shorthaul tanker market has an upside that canny shipowners should be able to profit from
- Torm defends LR1 pool closure
Company says it has 'critical mass' to go it alone
- Two more arrested German vessels go to auction
A growing number of general cargo and smaller boxships are being sold-off as banks move in
- Piraeus and Thessaloniki first half results surge
Display of profitability comes just ahead of government's proposed sell-off of significant stakes to outside investors
- Interest grows in freight derivatives as physical market bottoms out
Sentiment revives on the Asia-north Europe trades, but China-north Europe and China-US still slipping
- Hunt begins for new Emsa boss
Brussels looks for successor to Willem de Ruiter to fill $18,533 a month role
- Don't blunder in
It is vital that the UK Bribery Act 2010 is enforced in a sensitive manner
- Box trades database prepares to go global
CTS will be publishing 440 freight rate indices by end-September
- Star Bulk names new chief financial officer
Simos Spyrou replaces George Syllantavos who joins new blank cheque company Nautilus
- Sale and leaseback suggestions signal strategy U-turn for Vale
Mining giant confirms talks with Chinese owners could see bulk carrier giants chartered out
- Box rates expected to pick up in third quarter
Balance between container freight and vessel capacity poised to improve
- Jurong Port wins Singapore Offshore Marine Centre contract
Three-year deal handed to government-owned port
|SEPTEMBER 2, 2011|
- Gulf Coast braces for storm
OIL PLATFORMS in the Gulf of Mexico are evacuating with a slow-moving tropical depression expected to drench the coast
- S&P is thinking small
SMALL chemical/products tankers have dominated the S&P markets in the past two weeks, with seven vessels sold
- Kingston plans new expansion
PORT Authority of Jamaica president Noel Hylton has confirmed to Fairplay that Kingston plans to raise its capacity from 3.2M to 5.2M teu per year
- Sochi scheme progresses
SOCHI'S new terminal on the Black Sea should be able to handle two cruise vessels up to 300m long, plus a ferry up to 180m long, all at once, Fairplay has been told
- Mundra raises $150M for port expansion
ADANI-owned Mundra Port & Special Economic Zone has raised $150M in foreign debt to pay for an expansion
- UK publishes rare old mariner records
RECORDS and rare pictures of 1M seafarers from the early 20th century have been published by the UK's National Archives for tomorrow's Merchant Navy Day
- Shanghai plans to expand storage of metals
SHANGHAI reportedly plans to build five times more storage space at bonded warehouses
- Singapore picks offshore centre operator
SINGAPORE'S Jurong Port has been awarded the contract to operate the country's new offshore marine centre for the next three years
- TORM closes LR1 pool
DANISH products tanker specialist TORM said it has closed the LR1 pool operated jointly with Reederei Nord
- Indonesian coal exports hit new high
INDONESIA posted another record month of coal exports, largely lifted by another upswing of cargoes to China, IHS McCloskey reported today
- Even old Capesizes will do
BIG GAINS in rates for Pacific round-trips and trans-Atlantic and Europe/Far East voyages today sustained the global Capesize surge
- India weighs raising iron ore tax past 20%
SUPRAMAX rates in the Pacific could feel more pressure, with India's government considering raises in iron ore export tax
- VLGC demand propped up
AFTER dropping from a three-month high of $70 per tonne in mid-August, eastbound very large gas carrier rates have dropped to $65.44/tonne
- Tankers arrested in smuggling cases
TWO TANKERS were arrested this week in Piraeus on suspicion of smuggling oil, Greece's coastguard said today
- Moody's warns on GenMar
CREDIT agency Moody's slashed its ratings on General Maritime today, implying that the tanker owner's junk bonds are now on the verge of default
|SEPTEMBER 2, 2011|
- Port of Mobile Partially Closed Through Saturday
The Port of Mobile's upper harbor is expected to remain closed to traffic through Saturday after a heavy crude oil...
- Trucking Employment Drops in August
Trucking employment fell slightly in August and has remained relatively flat since June, according to seasonally adjusted data from U.S....
- DOT Releases $34 Million for Texas Rail Project
The Department of Transportation is finally prepared to release $34 million in grant funds it announced last October, so that...
- California Lawmakers Lukewarm to Amazon Offer
California's top lawmakers appear lukewarm to Amazon.com's offer to hire 7,000 workers and build at least two giant distribution centers...
- Small Railroads' Traffic Strengthens
Short line and regional railroads saw total shipments rise 3.4 percent in the final week of August, with gains across...
- Q&A: Obama's Call for Investment in US Transport Infrastructure
President Obama has requested a joint session with Congress on Sept. 8 in which he will speak about investing in...
- UTi Worldwide Profit Grows 22 Percent
UTi Worlwide improved its net profit 22 percent in the fiscal second quarter ending July 31 to $22.9 million as...
- NCC Expects Higher Auto Trade, Rates
Norwegian Car Carriers said it expects "improved tonnage balance and higher charter rates for car carriers" over the next 12...
- Express-1 Shareholders Approve Investment Plan
The shareholders of Express-1 Expedited Solutions approved a $150 million private equity investment and a change in management and name...
- Cargolux to Receive First New Boeing Freighter
Boeing on Sept. 19 will deliver to all-cargo carrier Cargolux the first of its 747-8 freighters, which the manufacturer believes...
- INTTRA Countersues GT Nexus in Patent Dispute
INTTRA is countersuing GT Nexus in a dispute the between the shipping industry technology companies over patents in the container...
- NYK Boosts Trans-Atlantic Rates
NYK Line posted a general rate increase for all dry and refrigerated containers moving in both directions on the trans-Atlantic...
- Transport Work Force Shrinks Slightly
The transportation and warehousing sector shed 2,400 jobs in August, for a drop of 0.06 percent from July, as larger...
- Uncommon Carriage
In a recently released report drawing from its deep well of data on non-vessel-operating common carriers, Journal of Commerce sister...
- The Price of No-Shows
Q: Now that ocean carriers are implementing so-called no-show fees when a container misses its booked sailing, we're faced with...
- Sustainable Growth
President Obama said it best: "To attract new businesses to our shores, we need the fastest, most reliable ways to...
- West Coast Ports Tie Tax to Diversions
Port executives from Seattle and Tacoma use every forum possible to explain what they believe are the injustices of the...
- Ports in a Storm
Pete Reixach has his hands full. The chairman of the American Association of Port Authorities is trying to find the...
- Higher Stakes
President Obama's call last week for simple, straightforward extensions of national transportation programs was well reasoned and measured, and a...
- Hapag-Lloyd Hikes India Port Congestion Fee
Hapag-Lloyd said Friday it will increase its port congestion surcharge on containers moving to and from Port of Chennai, and...
- EU Lifts Sanctions on Major Libyan Ports
The European Union lifted sanctions on Friday against six Libyan ports, allowing humanitarian relief and trade to resume to the...
- IATA Says Global Air Market Stagnating
The international air cargo market is stagnating, with traffic shrinking 0.4 percent in July from a year ago and capacity...
|SEPTEMBER 2, 2011|
- IADA pushes prices up
- World Container Index launched
- Panalpina launches intra-Asia trucking options
- AAPA urges US government to invest more in port security
- Dutch ships' armed private guard plea shot-down
|SEPTEMBER 2, 2011|
- Jamaica restarts FLNG race
Island seeing regas or storage vessel after Exmar deal binned.
- 'Busted' bulker freed
Authorities release Vrontados vessel after 176-day detention while critics question surge in Venezuelan narcotics busts.
- Broker sees cape hope
Signs of a "fundamental recovery" can now be seen in the capesize market, says Lorentzen & Stemoco.
- Vitol books Libya duo
Trader keeps oil products flowing to National Transitional Council with fixtures for Ancora ships, as US releases funds.
- Haisheng earnings higher
Shipping and investments come good for Chinese tanker and bulker owner in six months to 30 June.
- EU blacklists Syrian Oil
The west attempts to throttle Assad's regime by closing down his market place.
- Hebridean Spirit returns
British cruise line Noble Caledonia snaps up former Renaissance vessel from Middle East investor.
- Nevada back for more
Canadian investor swallows more Genco shares to take its holding close to that of supremo Peter Georgiopoulos.
- Vyborg slashes loss
Russian yard's bottom line improves in first half, but revenue dwindling away.
- Denholm finds new home
LDH Energy has poached dry-bulk veteran Keith Denholm to lead its move into trading and shipowning.
- Xiangyu adds dredger
Chinese owner pays rival $23m for 2009-built cutter suction ship.
- SITC takes two more
Yang Shaopeng-led shipowner picks up options on a couple of boxships in China.
- Yang Ming sees rebound
Taiwanese container line's Robert Ho expects revenue to improve in second half as peak season surcharges kick in.
- Turnbull sells PB stock
Pacific Basin chairman David Turnbull sells shares worth close to $90,000 in the bulker owner.
- Cargoship crewman hurt
Unconscious Ukrainian taken to hospital after seriously injuring hand on BBC England in Germany.
- Cosco cashing sextet
Ship at centre of Norwegian spill one of six Chinese giant is selling to help curb losses from its dry-cargo division.
- Marco given reprieve
Antonio Zacchello-led company wins permission to stay up and running during chapter 11 fight.
|SEPTEMBER 2, 2011|
- Washington Notebook
- World Container Index starts publishing
Drewry, the London-based shipping consultant, and Cleartrade Exchange, an electronic marketplace for overt the counter freight and commodity swaps, said Thursday they have begun publishing the World Container Index. TheWCIreports spot container fr...
- Shipping portals battle heats up
A patent battle between two of the leading providers of e-commerce services to the shipping industry has taken another turn. Shipping portal INTTRA has filed counterclaims against rival GT Nexus in the U.S. District Court for the Northern District...
- Containerization pioneer Tantlinger dies
Keith W. "Tant" Tantlinger, 92, an engineer and inventor whose designs include the corner castings found on every shipping container, died in his home in Escondido, Calif., on Aug. 27. Tantlinger, who worked for Malcom McLean as vice president of e...
- Caribbean carriers set peak fee
Member lines of the Caribbean Shipowners Association reiterated this week they will begin assessing a peak season surcharge fee on southbound shipments from the United States to Caribbean destinations from Oct. 9. The announcement was first made on...
- NYK to raise eastbound transatlantic rates
NYK Line said Thursday it will be increasing rates on eastbound transatlantic shipments from Oct. 1. The increase is $200 per 20-foot container and $300 per 40-foot container, dry or reefer, and is applicable to origins in the United States and Can...
- FMSCA denies N.J. drayage truck petition
The U.S. Federal Motor Carrier Safety Administration has denied a New Jersey Motor Truck Association petition requesting that the agency determine the Port Authority of New York and New Jersey's drayage truck registry sticker display program is p...
- Huntsville gets FAA approval to handle B747-8s
Alabama's Huntsville International Airport has received Federal Aviation Administration certification to accommodate the Boeing 747-8. The certification allow the airport to accommodate the plane on its 10,000-foot runway and 12,600-foot runway -- ...
- AIG aircraft leasing unit files for IPO
International Lease Finance Corp., the aircraft-leasing arm of bailed-out insurer American International Group, announced plans Friday to raise up to $100 million through an initial public offering. It has applied to be listed on the New York Stock...
- DGX starts customs brokerage division
Dependable Global Express, a Rancho Dominguez, Calif.-based logistics provider, has established a customs brokerage division to complement its freight forwarding operations. Gloria Serrano, DGX's global import manager and a licensed broker, will o...
|SEPTEMBER 2, 2011|
- Americas market displays end of week decline
A tropical depression in the Gulf of Mexico prompted companies including BP and Exxon Mobil Corp. to shut almost 6% of the area's crude output.
- IFO prices fall in Fujairah
Prices stable in Cape Town.
- Bunker prices soften in Rotterdam and Hamburg
'Buyers and sellers seem to agree that bunkers are just too high,' a player tells Bunkerworld.
- Sulphur rules have 'lowered S02 concentrations' in Rotterdam
Research highlights impact of IMO rules and EU directive.
- California regulator confirms amendments to OGV fuel rules
Key changes are a two-year delay in tightening the sulphur limit to 0.1% and expansion of the regulatory boundary in Southern California.
- Troubled shipowner welcomes latest court ruling
Marco Polo Seatrade wins right to use revenues to take the business forward.
- Bunker prices falling in Asia
Demand 'mixed' at key Asian bunkering hubs.
- One size fits all
The shipping industry may find IMO sulphur regulations a bit of a straitjacket, but for local regulators they are not always tight enough.
- Vessels sold to breakers with bunkers onboard
Prices level 'strong' amid a sluggish demolition market.
- Hambantota: Start of bunker operations faces further delay
Port contractor to hand the project to SLPA by the end of October.
- IFO avails 'tight' in Hong Kong
Supplies of 380 cSt bunker fuel and 180 cSt grade tight amid firm demand, traders say.
- Floating storage units win 'two-week reprieve'
Malaysian authorities give fuel oil units more time to move.