|DECEMBER 6, 2011|
- China group lobbying to block Brazilian Valemaxes
Brazilian miner Vale's plan to build mega carriers to ship iron ore will diminish China's bargaining power for the raw material as seaborne supply is dominated by global miners, an official with the China Shipowners' Association (CSA) said.
- Korea shipbuilding stocks seen surging on oil prices
South Korean shipbuilding stocks may jump as much as 80 per cent in four months as they catch up with gains in oil prices, according to Mirae Asset Securities Co, an affiliate of the nation's second- largest money manager.
- Container rates may climb following alliance: Macquarie
Container-shipping rates may rise on routes to northern Europe from Asia following a vessel-sharing alliance between the industry's second- and third-largest companies, said Macquarie Capital (Europe) Ltd.
- Tighter sanctions over nuclear programme choke Iran's trade
|DECEMBER 6, 2011|
- China's top science experts reject global warming and carbon scares
- NOL unveils two 10,000-TEU giants to join APL's Asia-Europe trade
- Hutchison starts to build Brisbane container terminal on 99-year lease
- Alexander & Baldwin splits: Matson does shipping, A&B, land and agri-biz
- Pirates release Singapore ship and 21 crew, but keep 4 Korean hostages
- Humen phase II terminal offers 'cheaper' deal from Dongguan to Kaohsiung
- Guangxi ASEAN trade value increases 63.8pc in first 10 months
- South coastal Fujian province enjoys 52pc boost in transshipments
- Hainan plans to cut spoilage with more reefer capacity near vegetable farms
- MISC decision to exit container shipping applauded as 'wise move'
- New York-New Jersey expect 4pc container volume hike in full-year 2011
- New British study: Changes in global pharma offer big 3PLs opportunities
- Italy's Bonfiglioli picks Kuehne + Nagel to manage warehouse in Chennai
- Manila's ICTSI Subic Bay unit partners with a Clark Field logistics firm
- DP World doubles its new Dakar terminal to 600,000 TEU a year
- Hamburg Sud and Seago combine services to serve eastern Mediterranean
- Eco lobby petitions to block Miami dredging, says wildlife endangered
- Hupac, Intercontainer Scandinavia offer Italy-Sweden intermodal service
- China Southern flies 557 tonnes of laptops from Chongqing in 2 months
- Korean Air starts cargo flights to Lima via LA, Miami and Seoul
- China Southern runs thrice weekly flights to Istanbul from Urumqi
|DECEMBER 5, 2011|
- Egyptair increases links to South Sudan
Egyptair has added a third weekly service to its connection between Cairo and Juba, the capital of South Sudan.
- Network Rail increases UK investment
Network Rail's investment activities, aimed at renewing the railway network and increasing capacity, have increased, with more than GBP 300 million (EUR 350 million) invested in th...
- ADB loan to Indonesia to upgrade it roads
The Asian Development Bank has approved a USD 180 million loan for a regional roads development project, which will improve 470 km of roads in northern Kalimantan and southern Jav...
- Norfolk Southern system delivers savings for ethanol shippers
Norfolk Southern, one of the top transport companies in the US, is supporting ethanol shippers with a new virtual inventory management and delivery system that can cut in half the...
- Truck registrations up in EU
New commercial vehicle registrations were up by 8% in the EU in October, amounting to 162,901 units, in line with similar results in France (+8%) and Germany (+7%). According to E...
- ANA Cargo increases services to Okinawa and Taipei
As of today, 5 December, Japanese ANA Cargo is increasing the frequency of its services from Tokyo Narita to Okinawa (from 6 to 12 a week) and Taipei Taoyuan (from 6 to 9 a week). ...
- Turkish Airlines boosts Benghazi options
Turkish Airlines has added services between Istanbul Atatürk airport and Benghazi (Libya), bringing frequencies up from seven to ten a week, with the new flights operating in the ...
- Third quarter results for CMA CGM
CMA CGM's volumes rose by 10% year-on-year to 2.6 million teu in the third quarter of 2011. Over the first nine months of the year, volumes carried were up by 9.4%, totalling 7.4 ...
- Flemming Frost new CEO Europe for Damco
Damco, an independent freight forwarding and supply chain management solutions subsidiary of the A.P. Moller-Maersk Group, has appointed Flemming Frost as CEO for Europe. He will r...
- Oliver Rupps named trans-o-flex managing director
Oliver Rupps joined the trans-o-flex logistics group as spokesman of the board of directors on 1 December. He succeeded Wolfgang Weber, who will leave the company at the end of th...
- MOL complies with Maritime Labour Convention
Mitsui O.S.K. Lines (MOL) has announced that its group manning company in the Philippines, Magsaysay MOL Marine, has earned certification from Nippon Kaiji Kyokai (ClassNK) for co...
- Ceva Logistics expands LCL activities
The SCM specialist Ceva Logistics has reported continued growth in its less-than-container load services. Driven by a focus on improving services and building on the success of it...
- Woodland moves condensers from Italy to Ireland
Woodland Global has completed the shipment of three condenser units, working for the Italian manufacturer Luve and its client, Core Air Conditioning of Ireland. The units, weighin...
- Shipco Transport opens Dublin office
Shipco Transport has opened an office in Dublin (Ireland), offering the forwarding industry a full range of LCL and FCL services. With this new Dublin centre Shipco will provide a...
|DECEMBER 5, 2011|
- BAE Systems to drydock Navy frigate
- Elliott Bay Design Group employees buy firm from ACL
- Icebreaker Polar Sea need not be mothballed says Vigor COO
- "Winter rush" keeps Lloyd Werft busy
- Port of Stockton selects manager for M-580 Marine Highway project
- Hong Kong shipyard delivers RAnger 4600 fireboat
- Ingalls Shipbuilding gets $46 million APC for DDG1002
|DECEMBER 5, 2011|
- MarAd schedules public meeting to discuss RRF manager contracts
- Cargill releases plans to cut workforce by 1.5 percent
- Maersk Line recognized as top shipping line for 2011
- Crowley announces launch of new Ocean Class tugboat
- NYK scholarships continue support of maritime education in China
|DECEMBER 5, 2011|
- Dover-Dunkirk jobs to go at DFDS
Ten officers and 21 others face redundancy
- Low-sulphur rules will put ships at risk
DNV urges shipowners to prepare now for 2015 low-sulphur switch
- R&I downgrades K Line to BBB rating
Negative outlook due to overcapacity
- MSC declares surcharge on Asia to North Europe routes
Extra $225 per teu to be charged from Jaunary 1
- Torm agrees deal to defer debt repayment
Plans $300m rights issue to support restructuring
- Double-hulled VLCC rumoured to be sold for scrap
Atlantic Liberty due to be beached in Pakistan
- Commerzbank heading for government ownership
Berlin is likely to seek full control if ailing bank asks for more cash
- SeaFrance ferry to be scrapped in India
Vessel is beached after survival talks fail
- Blohm+Voss lined up for sale
Owner ThyssenKrupp declines to comment on reports that Star Capital is the buyer
- Mexico's state oil firm buys five small tankers
Pemex purchase follows $204m order for six newbuildings
- Chemical tanker market rates spike
Further rate rises expected as Asian garment-makers need chemicals to produce polyester
- Citadels divide industry but save lives
Creating a layered defence system requires industry to take a joined-up approach
- Zim adds vessel to West Africa-Mediterranean service
Upgrades frequency and transit times
- European Union set for second two-year extension of Operation Atalanta
EU Navfor expects a decision in early 2012
- Oil trade growth declines
October showed a return to solid numbers
- Iron ore trade returns to double-digit growth
Indian decline could be boon to capesize owners
- Edible bulk is biggest loser in China
Soya trade was predicted to boom but instead floundered
- Chinese slowdown? Not so fast
The much-ballyhooed Chinese economic cooling has yet to materialise
- The price of everything and the value of nothing
Are the values reported in today's shipping company balance sheets continue to be appropriate?
- South Korea charters VLGC newbuilding for ten years
E1 Corp's long-term booking signals faith in LPG shipping market
- LR1 tanker auctioned for less than demolition value
$5.2m deal highlights sluggish sales for older product carriers
- Freight forwarders expect volumes to fall
Danske Bank's European Freight Forwarding Index for November showed a decline for both current and expected volumes
- Box lines urged to consolidate to survive
Demand set to deteriorate into second-quarter 2012
- Polemis, Economou and Mamidakis take key trophies at Greek Shipping Awards
Laskaridis and Minerva Marine among companies honoured as 2011 prize night sees private owners edge public outfits
- Keeping up with sanctions
The complexity of business relationships can make compliance less than straightforward
- Pricing power
MSC-CMA CGM alliance cut costs but it may take mergers to lift freight rates
- Albedo 'close to release' after 13 months
Ransom payment of $4m expected for boxship
- Valemax has leak in ballast tank
Workers pumping water from Vale Beijing at Bazilian port
|DECEMBER 5, 2011|
- VLOC leak halts loading
CARGO loading stopped today for the VLOC Vale Beijing after a ballast tank leak was discovered at Brazil's Ponta da Madeira Maritime Terminal
- Putin pledges yard $4.4Bn
PRIME Minister Vladimir Putin has promised Kremlin funding of up to 135Bn rubles ($4.4Bn) for the St Petersburg yard Baltiisky Zavod
- Chinese breakers buck price trend
CHINESE breakers are bucking trends by offering prices close to those of their South Asian rivals, as some box ships arrive for demolitions
- VLCC discounts continue
PRICES of secondhand VLCCs have further deteriorated, now just above scrap value, brokers said today
- Firming Capesizes courting $30,000/day
RISING activity is driving spot freight rates for Capesize drybulkers higher, causing shipping analyst and broker sources to predict rates today breaking $30,000 per day
- Pemex scoops up MR tankers
MEXICAN oil company Pemex has swooped in on five medium-range products tankers, brokers said today
- Ferry grounding strands 600
MORE THAN 600 passengers are stranded today after last night's evacuation from ATS Consolidated-operated Superferry 1
- Ship sinks near Quanzhou
SEARCHERS are looking today for two crew members missing since a box shop sank yesterday, the Fujian Maritime Safety Administration said
- Dorval Kaiun seeks bankruptcy protection
JAPAN'S chemical tanker operator Dorval Kaiun has filed for bankruptcy protection
|DECEMBER 5, 2011|
- Diesel Prices Fall as Oil Hits Two-Week High
Diesel prices across the United States fell 3.3 cents in the week ending Dec. 5, falling for the second week...
- Cardinal Health Named Top Healthcare Supply Chain
Cardinal Health finished at the top of the Gartner 2011 Healthcare Supply Chain released Monday, gaining from the strong relations...
- Stockton-Oakland Barge Service to Ship Containers
A new container-on-barge service between the ports of Stockton and Oakland, Calif., will give shippers the opportunity to save money...
- Heavy Truck Orders Drop 27 Percent
Net orders for Class 8 heavy trucks dropped in November after several months of steady increase, according to two trucking...
- USPS Wants to End Next-Day First-Class Delivery
The U.S. Postal Service, showing unprecedented boldness in an attempt to reverse deep losses, plans to stop next-day delivery of...
- Container Lines Need to 'Cold' Idle Ships, Analyst Says
Ocean carriers need to start fully decommissioning vessels if they want to succeed in pushing through rate hikes in the...
- Con-way's Nightingale Moves to Software Provider
Technology provider ModusLink Global Solutions named Tom Nightingale, most recently chief marketing officer at Con-way, president for sales and marketing....
- YRC Worldwide Stock Jumps to $13 Per Share
YRC Worldwide's stock price jumped above $13 a share Monday morning, opening at $13.34 per share after climbing from $9.25...
- FedEx Ground to Raise Rates 4.9 Percent
FedEx Ground will raise rates for its U.S. package and home delivery services an effective 4.9 percent Jan. 2, matching...
- Indonesian Port Wants to Quintuple Box Storage Fees
The landlord of Indonesia's largest port said it will quintuple container storage later this week to help reduce congestion. ...
- Port of Oakland Fights Occupy Shutdown Attempt
Moving aggressively to block any efforts to shut down the port next week, the Port of Oakland is launching a...
- DP World Plans Major Jebel Ali Port Expansion
DP World plans to invest $850 million over the next three years to boost the capacity of its flagship container...
- Panalpina Begins Two Direct LCL Asia-Poland Services
Panalpina launched two direct less-than-container load services between Taiwan and South Korea and Poland, as part of the Swiss logistics...
- NOL Denies Bidding on Hapag-Lloyd
Singapore's Neptune Orient Lines on Monday denied reports it is making a fresh bid for rival German ocean carrier Hapag-Lloyd....
- Can the Jones Act be Protected?
U.S. domestic ocean shipping has never seen a year like 2011. Two carriers pleaded guilty to price-fixing. One dodged debt...
- Cracking Down on Corruption
The Foreign Corrupt Practices Act, long the domain of corporate counsels and senior executives, is getting more attention in exporters'...
- TSA's Heavy Baggage
In a scathing report issued in late November, House Republicans damned the Transportation Security Administration for becoming an ineffective, wasteful...
- Splitting the Differences
Members of Congress haven't looked this close to agreement on the goals for a transportation spending plan in years, but...
- On Time, All the Time
Achieving 100 percent on-time delivery performance is a team effort among transportation carriers, shippers and consignees. Parcel carriers such as...
- TAPA's Global Challenge
It's not easy to secure a truck, and it's even more difficult to come up with global trucking security requirements....
- TAPA to Certify Truck Security
A new security standard and certification program for trucking could help motor carriers and shippers close one of the biggest...
- Hoffa's Next Five Years
When UPS executives sit down to negotiate a new five-year contract with the Teamsters union next year, they'll face a...
- Be Like Steve
Steve Jobs' untimely death, as well as the just-released best-seller biography of this genius, has triggered intense national focus on...
- Mobile on the Move
Jimmy Lyons has everything in place for strong growth in containerized exports, except for the containers themselves. "We need more...
|DECEMBER 5, 2011|
- They've got an awful lot of whisky in Brazil
So goes the 1960s Sinatra song, albeit about coffee; these days Brazil has an abundance of whisky imported from the UK, from where exports soared ...
- Delmas sets up dedicated reefer department
CMA CGM subsidiary and African liner company specialist, Delmas, has followed several ocean carriers in setting up a dedicated reefer shipping department. The move ...
- Matson to become separate entity
US Jones Act carrier and logistics business Matson is to be spun off as a separate company its parent firm Alexander & Baldwin (A&B) said at the ...
- Shipping no longer up front and personal
SeaIntel's latest Sunday Spotlight claims that process management is now the dominant force in shipping. Out of 1,400 phone calls made to 30 carriers and 30 forwarders, ...
- SCA to raise transit charges
The Suez Canal Authority is ending its three-year toll freeze and will implement across the board transit fee increases for all tonnage using the waterway from ...
- Auckland strike set to end, for now
Rolling 24-hour strikes and a company lock-out have crippled Auckland's two container terminals, disrupting six ships and diverting just-in-time Christmas goods ...
- Canada in growth spurt
With its near neighbour recording only a sluggish 2% GDP expansion in the same period, and Europe sliding back into recession, Canada has beaten analysts' expectations ...
- India in 'u-turn' on global supermarkets
In an apparent volte-face at the weekend, the Indian government said that plans to open up its 1.2 billion consumer markets to global supermarkets - which faced ...
- Hupac starts service between Sweden and Italy
Hupac Intermodal and Intercontainer Scandinavia AB intend to start a rail service between Sweden and Italy on December 12, 2011. Destinations served in Sweden will ...
|DECEMBER 5, 2011|
- Torm banks on breather
Lenders amend restrictive timeline in a bid to aid ailing Danish owner during fight to secure financial footing.
- Share cheer for Seadrill chief
Alf Thorkildsen is over $6m better off after completing tasty options trade.
- Tug team closer
CSAV and Royal Boskalis Westminster on the verge of setting up leading US tug owner.
- Zim enhances African run
Israeli containership giant prepares to add another vessel to service backed by Cosco.
- First double-hull VL scrapped
MOL is the first to take the plunge and send a double-hulled VLCC for the chop.
- Daewoo sale split
South Korean government looking to sell Kamco's 19% holding in yard separately from Korea Development Bank's 31% slice.
- Hoegh scraps one
Norwegian car carrier owner sells 28-year-old vessel to Grieg Green for recycling in China.
- ING in Frontline raid
Investor takes up major shareholding in tanker owner as restructuring battle continues.
- Clarksons tackles VLOC case
Clarksons Capital Markets pinpoints the day Vale's Chinese waiting game will come to an end.
- Murmansk plunges to loss
Russian tanker and bulker owner posts nine-month deficit after costly third quarter.
- SapuraCrest earnings up
Malaysian offshore operator records higher profit despite falling revenue.
- Dorval goes into receivership
Japanese chemical tanker owner seeks court protection from creditors after amassing debts of $192m.
- STX PO VLOC damaged
Water being pumped from South Korean owner's giant bulker at a Brazilian port.
| - Ocean news||web site|
|DECEMBER 5, 2011|
- NOL denies Hapag talks
NOL, the Singapore-based parent of liner carrier APL, said Monday in a filing with the Singapore Stock Exchange that it is not making a renewed bid for a stake in German competitor Hapag-Lloyd.
- Hackett: MSC-CMA alliance good for the industry
But the alliance could reflect some desperation from the two lines, he suggests. "CMA CGM is obviously in some financial difficulties, trying to cut $400 million in costs and selling some ships... while MSC must be impacted by the situation as well."
- Alexander & Baldwin spins off Matson
- MSC-CMA CGM form alliance
- MSC joins Oceania-California PSW loop
- Panalpina starts Asia-Poland LCL
- TBS International reaches deal with lenders
- Maersk/GA carriers swap space on TP loops
- MSC to assess Asia-Europe peak season fee
|DECEMBER 5, 2011|
- Two grades show strong gains in Suez
Egyptian port sees MGO prices up by $48.50 pmt.
- Plans call for LNG terminal to have bunkering facility
'Stricter environmental controls will mean more LNG bunkering,' says port owner.
- European bunker market firming
Piraeus 'very busy'.
- Fuel efficiency 'key to lowering emissions'
GL's head of environmental research says shipping must 'have its eye' on 'zero emissions'.
- Drive for fuel efficiency will trigger orders for newbuilds
Orders 'delayed, not cancelled,' says analyst.
- Siemens launches improved fuel saving propulsion system
Energy savings of up to 23% when compared to gas or dual fuel operations, says Siemens.
- IFO prices soften in Singapore
Supplies mixed at key Asian ports on Monday.
- South Africa may push for bunker tax rebate
Suggests a bunker tax rebate for developing countries.
- Experienced trader joins Singapore-based Noble Resources
Mabel Loh has over 10 years of experience as a bunker trader in Singapore.
- Bunker tax a model for other sectors to follow
Tax 'effectively and efficiently thought out,' says Director of Deloitte.
- Japanese firm developing solar, wind powered USV
Use of renewable technologies will extend operating range of the AquariusUSV.
- Busan bunker deliveries 'back to normal'
Bunker terminals open on Monday, allowing local players to load.