|JULY 6, 2011|
- VLCC owners will see H2 profits doubling: poll
Owners of the largest oil tankers will see their earnings almost double in the second half of the year, from the first six months, on strong Chinese demand and rising Middle East exports, a Reuters poll showed.
- Shipping contracts rise to 9-week high
Capesize shipping contracts tied to the cost of transporting iron ore and coal rose to a nine-week high as traders speculate on a seasonal increase in cargo in the second half of the year.
- Downbeat mood in shipping
IT SEEMS that the shipping industry is feeling less happy with itself than it has been for some time. The latest Shipping Confidence survey from shipping accountant and adviser Moore Stephens shows overall confidence levels in the shipping industry down for the fourth successive quarter in the three months ended May.
- Indian Railway to raise US$300m from bonds
India's state railway is pushing ahead with a sale of dollar debt to meet surging demand for transport as the highest borrowing costs in a year cause a five-week drought in issuance.
- Kabul eyes rail network to tap mining resources
Afghanistan is building a vast rail network linking its borders to help attract investors to US$3 trillion worth of mining projects, including oil deals, that will drive economic growth, its Mines Minister Wahidullah Shahrani said on Monday.
|JULY 6, 2011|
- World's idle fleet grows from 75,000 TEU to 95,000 TEU in just two weeks
- Cosco regains its old No 4 spot with capacity 600,000 TEU plus
- Korean intra-Asia container carrier YSC Line seeks bankruptcy protection
- Maersk and Safmarine drop China from Far East-West Africa FEW3 service
- Iranian container service appear little affected by harsh US sanctions
- CMA CGM enters NZ-Asia trade to move meat and dairy products
- Port of Le Havre's MSC terminal makes bid for US Customs certification
- South Africa's Transnet port performance acceptable, but rail falls short
- APL Logistics extends double-stack IndiaLinx train service to India
- Milwaukee proposes creation of an air hub to stimulate growth
- Enforce old lithium rules, don't impose new ones, industry tells Washington
- India become next target as ECS Group increases global footprint
|JULY 6, 2011|
- FPS Group & Console Shipping Services join hands to enhance business
- Tiger Logistics to implement Logi-Sys for optimal service delivery
- Close to resolving Iran oil payment impasse: Official
- Govt imposes anti-dumping duty on Chinese Pentaerythritol
- GSP revival needed to boost India-US trade: Fieo
- Infra upgradation to give air cargo business a fillip
- Car sales growth slows to two-year low
- Ministry to approach House Panel against MAT, DDT imposition on SEZs
- No export limit on cotton & yarn waste: DGFT
- Policy stability, credit cost reduction can boost exports: Fieo
|JULY 5, 2011|
- TAAG postpones Beijing service resumption planned for today
TAAG Angola has postponed the planned service resumption on Luanda - Beijing service. The new resumption date is scheduled for 2 August. Boeing 777-200ER will operate this weekly f...
- Jungheinrich announces upgraded reach truck model
Jungheinrich, the German supplier of warehousing technology, has introduced a new version of its best selling ETM/ETV 214/216 reach truck. The new model offers increased mast lifti...
- Eco Rail Innovation: cooperation contract signed
With the signature of the cooperation contract, the partners of the initiative Eco Rail Innovation (ERI) have now established the binding general conditions of their mutual work. E...
- UPS and Merck expand their distribution and logistics agreement
UPS and Merck, known as MSD outside the United States and Canada, today announced that the companies have significantly broadened their existing distribution and logistics agreemen...
- RDC Aviation: new Sales Director
Philip Jones is the new Sales Director of RCD Aviation, an aviation software business in Nottingham. Having initially progressed in his career at British Midland Airways, he later ...
- UPS: freight transport grows
UPS Freight, the US fourth largest LTL carrier, announced a general rate increase averaging 6.9% covering non-contractual shipments in the United States, Canada and Mexico. The rat...
- South African railway operator places largest ever signalling contract with Siemens
The South African railway company, PRASA, has commissioned Siemens with the delivery of signaling equipment and the construction of the "Gauteng Nerve Center" (GNC) opera...
- Winter flight schedule Frankfurt Airport: airport coordinator allocates nightly slots to airfreight-companies
According to the official planning approval of the Hessian Federal State Government with reservations to the decision of the Federal Administrative Court, the airport coordinator o...
- "K" Line to start power saving campaign in Tokyo
Kawasaki Kisen Kaisha, Ltd. ("K" Line Group) will start a campaign to save electric power consumption in its head office in Tokyo that includes introduction of in-house summer time...
- APM Terminals wins "Best Port Operator in Africa" at Transport Africa Awards 2011
Johannesburg, South African based APM Terminals was named winner of the "Best Port Operator in Africa" award at the Transport Africa Awards ceremony held in Johannesburg, South Afr...
- Rhenus Office Systems expands security archive in Hamburg
Rhenus Office Systems GmbH has expanded their security archive of the Hamburg location. The archive of the expert for document logistics in a further building phase was extended by...
|JULY 5, 2011|
- Crowley acquires Puerto Rico Freight Systems
- USCG responds to Virgin Islands ferry grounding
- Statoil awards Cat D rig contracts to Songa
- Maersk declares option for two more drillships
- Marco Polo Marine to build five barges for Indonesian client
- Damen Shipyards set to introduce ASD Tug 3212
|JULY 5, 2011|
- Port of Kalama welcomes bulk vessel GUOYU 51
- Crowley expanding in Puerto Rico with purchase of logistics company
- Cargill to employ kite technology on bulk vessel AGHIA MARINA
- Sea-Tac Airport earns honor for recycling/waste reduction
- APL announces plans to build Joliet, Illinois container terminal
|JULY 5, 2011|
- Macondo oil spill fallout spreads far and wide
A perceived shortfall in international regulation has led to a search for local solutions
- Marine insurance set to soar after 'acts of God' increase
Earthquake-hit Port of Lyttleton tells investors it failed to renew cover on time
- Ship recycling rates hinge on Bangladesh court decision
Potential for scrap prices to fall if Chittagong breakers cannot import vessels and market competition declines
- Northern Europe aframax rates rally
Brokers optimistic that Baltic Sea earnings could return to three-digit Worldscale rates
- Capesizes enter depression zone in Clarksons pain index
Most other dry bulk and tanker sectors in recession
- Star Reefers scraps second reefership it brought out of lay up in March
The Scottish Star is following the same fate as sistership Canterbury Star
- Three vessels chartered out on short period contracts
Itochu and Tesoro take tankers for one to six month periods
- UK ports line up to develop offshore wind power
World's biggest offshore windfarm market will see $21m capital expenditure between 2011 and 2015
- Best management practices are not good enough
The shipping industry deserves better guidance in repelling pirate attacks
- Graig in forefront of China newbuilding push
A respect for Chinese culture and working practices has paid off for family-owned firm
- Thenamaris heads new Greek LNG charge
At least four other potential Greek LNG debutantes are talking with yards as noted Greek tanker owner clinches pair of 160,000 cu m vessels
- APM Terminals takes control at new Callao facility
Peru's largest port set for large-scale investment after handover of Terminal Muelle Norte
- CSAV Asia-Europe service victim of falling rates
Drewry and Alphaliner reports show mounting losses on key trade lane
- Concerns raised over Humber pilotage standards
Unions claim that Humber Estuary is seen by ABP as a money making enterprise that 'has threatened the personal safety of pilots and the safety of navigation on the river'
- OceanFreight lifts share price in one-for-20 stock split
Dry bulk specialist becomes third Nasdaq-listed shipowner in a fortnight to resort to reverse stock treatment
- Hoegh LNG lists in Oslo
Gas transportation and storage division issues 45m shares
- NCC buys time over newbuilding option
Reaches deal with Hyundai Heavy to extend deadline for option of a second car carrier
- Big problems on the Asia-Europe trades
The introduction of massive 13,000 teu -plus vessels has had a hugely detrimental effect while so much existing tonnage continues to also operate
- Owners urged to protect themselves from China tax deductions
Law firm advises insistence on tighter charterparty forms
- Enforcement or blind eye
Port inspectors already have their work cut out and the host of environmental rules coming in will increase their workload
- Marco Polo Marine wins $8m Indonesia barge deal
Batam-based shipbuilder has plans for bigger vessels
- Mammoet management team quits over 'cultural differences'
Van Seumeren family sells its 25% shareholding to privately held Dutch conglomerate SHV
- Maersk Drilling exercises options for two drillships in $1.3bn deal
Samsung Heavy Industries to build vessels similar to a pair ordered in April
- Abbot Point port expansion attracts strong interest
Queensland says 30 companies have expressed interest in developing terminals
- Aker wins $50m contract for drilling riser system from Daewoo
New order brings total units sold to South Korean builder to six
- Coscol details $1.5bn fleet expansion
Updated blueprint for new ships could see a total of 40 new vessels added by 2015
|JULY 5, 2011|
- China, Ireland close $2.1Bn turbine deal
CHINA'S Sinovel has closed a $2.1Bn deal to ship wind turbines to Mainstream Renewable Power of Ireland, IHS World Markets Energy reported today
- Drewry sees collapse for box rates
BOX RATES on east/west routes will drop by more than one-fifth during the rest 2011, even with volumes remaining strong, Drewry predicted today
- TCC wins US shield
A NEW YORK judge has approved Chapter 15 bankruptcy protection for TCC, new court filings showed
- Strike hits Madagascar ports
CUSTOMS workers at Madagascan ports are reportedly planning to expand their strike over illegal exports of rosewood from the island nation
- APL expands to Joliet
BOX CARRIER APL is expanding its intermodal capacity near Chicago to bolster its US transcontinental supply chain
- Indian ports accessing foreign money
INDIAN ports are increasingly seeking foreign credit through external commercial borrowings, Fairplay was told today
- 57 held in migrant smuggling cases
GREEK authorities are holding 57 people after migrant smuggling arrests
- Bank advises holders of Portek shares
SINGAPORE'S port operator Portek's independent financial adviser has advised its shareholders to accept ICTSI's takeover offer
- Rongsheng mega-deal trend?
THE LARGE orders placed at China's Rongsheng yard are not likely to be mimicked by other owners, Fairplay was told today
- Trucker held in Dover smuggling case
A DUTCH truck driver has reportedly been jailed on suspicion of trying to smuggle nearly £6M ($9.7M) in illegal drugs through Dover's port
- Camillo Eitzen sells Eitzen Gas
NORWAY'S Camillo Eitzen announced today that it has sold nine vessels and stakes in companies
- Bangladesh breakers again face closure
BREAKING yards will be shut down in Bangladeshi on 7 July unless the government extends the operations approval it issued in May
- Navy chopper foils pirates
SOUTH Korea's navy has intervened to protect an STX Pan Ocean bulker when it was attacked by pirates off Somalia
- Panamaxes near bottom?
BROKERS told Fairplay today that Panamax rates might soon be bottoming out, after being pushed down for the past month, with the arrival of cheaper but bigger Capesizes
|JULY 5, 2011|
- DHL Reported Dropping China Domestic Delivery
DHL is dropping its attempt to build domestic express delivery services in China, according to a published report. ...
- Econocaribe Provides EDI Track and Trace Online
Econocaribe Consolidators is introducing a new function on its website that enables shippers to track and trace full containerload shipments...
- USPS Freezes Bonuses, Retirement Contributions
The U.S. Postal Service is suspending all executive and employee bonuses, and is withholding its contribution to the government retirement...
- Diesel Price Slides Another 3.8 Cents
The average price of diesel fuel fell for the eight time in the last nine weeks, sliding 3.8 cents a gallon...
- Commerce Dept. Seeks Trade Mission Participants
The Commerce Department is recruiting top-level executives to join a trade mission to Qatar and the United Arab Emirates between...
- Air Cargo Prices Slip in May
Air freight rates out of Asia slipped back 0.6 percent in May compared to the month before as carriers coped with...
- Supply Chain Educator Donald Bowsersox, 79
Donald J. Bowersox, one of the pioneers in the science and practice of logistics and supply chain management, died Monday...
- US Factory Orders Grow 0.8 Percent
Factory orders by U.S. businesses grew 0.8 percent in May, the Commerce Department said Tuesday in a report that suggests...
- CMA CGM to Launch Asia-Fiji-New Zealand Loop
CMA CGM will launch of a new service this month connecting Asia, the Fiji Islands and New Zealand effective July...
- Analyst Says Large Ships Threaten Smaller Carriers
Smaller vessel operators could be forced out of Asia-Europe container trade lanes as the deployment of ultra-large container ships puts...
- Hyundai Hikes US-South America Rates
Hyundai Merchant Marine will raise rates southbound container shipments from the U.S. to the East Coast of South America effective...
- Crowley Acquires Puerto Rico Freight Services
Crowley Maritime is bolstering its logistics capabilities in the Caribbean with the acquisition of Puerto Rico Freight Systems, a company...
- Container Truck Drivers Strike at Indian Terminal
A sudden strike by container truck drivers Sunday morning crippled cargo movements to and from the Vallarpadam International Container Transshipment...
- US Airlines Challenge EU Cap-and-Trade Plan
U.S. airlines launched a legal challenge Tuesday to European Union plans to charge foreign carriers American Airlines, United...
- APM Rotterdam Introduces Barge Shuttle Service
APM Terminals has introduced a barge shuttle service to its Rotterdam terminal to avoid worsening traffic jams caused by construction...
- Wallenius Deploys Armed Guards Against Pirates
Swedish shipowner Wallenius Wilhelmsen Lines is placing armed guards to protect its vessels from attack by Somalia-based pirates in the...
- Drewry Forecasts 21 Percent Drop in East-West Rates
Drewry Maritime Research is forecasting average east-west ocean freight rates will fall 20.8 percent this year from 2010 as the...
- CSAV Suspends Asia-Mediterranean Service
CSAV is suspending its service between Asia and the Mediterranean amid sharply declining rates on Asia-Europe trade lanes. ...
- UASC Opens Shipping Agency in Pakistan
United Arab Shipping Company opened its own shipping agency in Pakistan in a joint venture with its erstwhile third party...
|JULY 5, 2011|
- CSAV withdraws Mare Nostrum Service
- Asia-N.Europe still dropping
- Night pre-booking system planned for Cape Town
- APM T introduces shuttle service between Rotterdam and Moerdijk
- Mothballed boxship fleet grows
|JULY 5, 2011|
- Megacore breaks up
Omega Navigation and Glencore split Hyundai Mipo-built products tanker fleet as ties severed.
- Oceanfreight splits again
Nasdaq-listed Greek bulker and tanker owner chops number of shares by 95% to lift price above $1.
- Belships out of Elkem
Norwegian bulker owner offloads stake in ship charterer to its partner, metals group Elkem.
- ISC in the money
Diversified US owner borrows up to $45.9m from two banks to fund car carrier deals.
- OSM Arena in limbo
Korean bulker crew stuck in Chennai for 17 months after court cancels sale of vessel.
- Tanzania's port double
Government spending $520m on two new container terminals at congested Dar es Salaam.
- Time to lay up
Analyst Drewry says major "corrective surgery" needed to reduce boxship capacity and avoid freight-rate bloodbath.
- NOCC wins more time
Norwegian owner extends option for second car carrier at Hyundai to September, from June previously.
- Tata NYK ship attacked
UK warship and US jets fight off gunmen firing rockets at bulker off Oman.
- Cobelfret awaits cash
Belgian owner has not yet received $606,000 payment from China's Farenco in bulker dispute.
- Piracy costing $12bn
Shipping industry paid out huge sums in insurance, ransoms, security and re-routing in 2010, report claims.
- Maersk spree extends
AP Moller-Maersk returns to Samsung Heavy Industries for $1.3bn drillship double.
- Samho crew goes home
Dubai tanker exile ends for 24 Filipino and South Korean men after owner went into receivership.
|JULY 5, 2011|
- New rights issue
CSAV raises $500 million Chilean container shipping company CSAV said last week 85 percent of a new rights issue had been subscribed and paid, producing a sum of $430 million. CSAV to pull Asia/Med loopLiner carrier CSAV said Monday it would suspen...
- Carriers own fault?
- CSAV raises $500 million
Chilean container shipping company CSAV said last week 85 percent of a new rights issue had been subscribed and paid, producing a sum of $430 million. "The great interest of the shareholders in the first round in subscribing for the remaining shar...
- CSAV to pull Asia/Med loop
Liner carrier CSAV said Monday it would suspend a standalone service linking the Far East and Mediterranean due to "the unfavorable economic environment affecting the trade." Freight rates from Asia and Europe are reportedly well below sustainable ...
- Sekimizu new IMO secretary general
Koji Sekimizu of Japan was elected secretary-general of the International Maritime Organization last week. His four-year term will begin Jan. 1, 2012. Sekimizu, 58, is director of IMO's Maritime Safety Division. He studied marine engineering and na...
- CMA CGM buys more 'eco' containers
Liner carrier CMA CGM said Friday it has purchased 18,000 new "eco-containers," as it tries to transition to a fleet of more environmentally sensitive shipping equipment. The French line said it now has a fleet of 140,000 TEUs worth of such contai...
- Drewry: Layups the only answer
Widespread laying up of container vessels by liner carriers is the only way to redress floundering ocean freight rates on key east/west trades, according to London-based Drewry Shipping Consultants. In Drewry's latest quarterlyContainer Forecaster...
- Eimskip doubles North American frequency
The Icelandic shipping company said it will add a second ship on July 15 so that it can offer a second sailing per month between Iceland and United States and Canada. The 700-TEUSkogafosswill sail in a rotation of Reykjavik, Argentia, Boston, Arge...
- OW Bunker opens in India
OW Bunker, which handles more than 8 percent of the global bunker market, has opened an office in Mumbai, India. OW's core activity is the global sale of bunker both from its own inventories, where it operates more than 30 large and small tankers i...
- Cargoitalia makes management appointments
Italian all-cargo airline Cargoitalia has appointed Richard Mohler to the new position of manager of network planning and revenue management. He will be responsible for evaluating new routes, and setting revenue targets. Mohler has spent 16 years ...
|JULY 5, 2011|
- Fujairah prices fall
Durban market generally soft.
- Rotterdam market softens
Healthy demand in Piraeus.
- Study predicts sharp increase in future Arctic shipping emissions
Compared to 'the business as usual case' there will be a reduction in global fuel consumption due to a shorter transit.
- Container sector in 'dire need' of correction
Failure to run their business profitably is fault of 'the carriers themselves,' says Drewry.
- Pirate 'bunker hub' off Yemen
Island base has been used 'for months, if not longer'.
- Environmentalists call for speed limit
Move would 'save fuel and cut emissions.'
- IBIA regional manager retires
Chong Kam Wah was 'one of the architects' of IBIA's Asian expansion.
- Asian bunker prices on downtrend
Sluggish demand at key Asian bunkering hubs on Tuesday.
- The rise to peak oil
If peak oil is around the corner, we had better do more than agree on pollution thresholds or put in place silly carbon tax and cap and trade schemes.
- Bahrain LNG terminal could create new marine fuels market
Bahrain's first LNG terminal to start operations by end of 2014.
- Manager exits Sri Lanka-based bunker supplier
Channa Abeyagunewardena of Lanka Maritime Services leaves post.
- Green ship first to run on liquid biofuel
Liquid biofuel to be sourced from raw fish material.
- Sinopec Zhoushan expands regional coverage from Yantai port
Company able to cover Penglai, Longkou, Laizhou and Weihai from Yantai port.