|JUNE 7, 2011|
- World Bank to push for transport fuel levy
The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G-20 governments later this year on raising climate finance, a senior official said on Sunday.
- Piracy soaring to alarming levels: India
Piracy in the Indian Ocean has 'soared' since 2005, increasing costs for businesses and governments, Indian Defence Minister M M Pallam Raju said.
- Russia's Global Ports eyes US$750m from IPO
Russia's Global Ports is seeking up to US$750 million from an IPO of shares in London, a source close to the deal said, making it the latest Russian firm to raise funds from capital markets.
|JUNE 7, 2011|
- Derivatives: Curse or blessing, useful tool or dangerous distraction
- Port of Los Angeles earmarks US$10.7 million to upgrade TraPac box shop
- APL's Sappio says no to move, quits after 29 years to stay in California
- Port of Hefei container volume surpasses 10,000-TEU mark
- Guangdong's auto imports plunge 54pc in first four months
- Mombasa's 7-9 day delays prompt carrier talk of congestion surcharges
- Rail freight service linking Chongqing to Antwerp open for business
- Rio to expand 2 box terminals ahead of major world sports events
- Hactl wins Mongolian Airlines Hong Kong ground handling contract
- Yangtze River Express opens Chongqing-Luxembourg IT cargo service
- SIA to launch long-haul budget airline ahead of competitors
|JUNE 7, 2011|
- APL postpones re-launch of North America Pacific coast service
- Chennai to host Cargo Scope 2011
- EVERGREEN LINE & Yanghai Shipping swap Korea-China-Thailand slots
- ICTSI to acquire Singapore's Portek International
- Oil tanker glut falls to two-month low with speed cuts
- PIL-Wan Hai shelve Asia-North Europe service, buy Cosco slots
- US west coast imports up 5 pc, exports 8 pc
- Bilateral trade with India to grow by 15 pc: Belgian diplomat
- Coffee exports jump 42.51 pc in Jan.-May
- Coir exports take a hit due to raw material imports to China
- India grants duty-free market access to Afghanistan
- Indian imports propel thermal coal prices
- Resolve Iran crude payment crisis by July 15: Govt
- VCT discusses trade opportunities with Malaysian delegation
- Ashley Dinning appointed President & CEO of Canada's Halterm Terminal
- Kandla Port inaugurates Bunder Basin for handling barges
- Pipe maker PSL diversifies into port construction business
- Cathay Pacific Cargo to offer more flights from Chennai, Bangalore
- Govt announces DTAA with Mozambique
- Pvt. equity firms set to play key role in infra projects
- Traders firm against FDI in multi-brand retail
|JUNE 6, 2011|
- Alitalia increases Rome-Los Angeles frequency
The Italian carrier Alitalia has increased its service between Rome and Los Angeles CA (USA) during the summer season. With effect from 3 June, the Skyteam member added a sixt...
- TAP to fly to Mali
TAP Portugal launched a new, thrice-weekly service from Lisbon to Bamako, the capital of the West African country Mali yesterday (5 June). TAP currently flies to Luanda, Maputo, Bi...
- VTL calculates carbon footprint of general cargo alliance
VTL has become the first cargo system to present a TÜV-certified network carbon footprint (NCF). The calculation of the footprint, which took nine months, was carried out by the co...
- Switzerland: new equipment to measure average speed over certain distance
Switzerland: a new speed control system has been installed on the eastbound lane of the A9 motorway between Aigle and Bex. The device monitors a longer stretch of road to ensu...
- EU investing in Rostock-Berlin rail track development
The European Commission has agreed to allot EUR 21 million from ERDF funds for the first construction phase of the Rostock-Berlin railway line. The route, which should be completed...
- Netherlands: LHVs get definite permission to use road network
Longer and heavier trucks have now been granted definite permission to use the Dutch road network. The Dutch transport minister, Melanie Schulz van Haegen-Maas Geesteranus, said th...
- DB Schenker offering new services to Poznan for Polzug
On behalf of customer Polzug, the German service provider DB Schenker will began operating a regular, through shuttle service between the two major German seaports and the Polish h...
- Network Rail: plans to upgrade second route out of Southampton docks
The UK-based rail service provider Network Rail plans to upgrade a second route out of Southampton docks. The diversionary route runs from Southampton to Basingstoke via Romsey and...
- Changi Airport welcomed arrival of Finnair
Singapore Changi Airport recently welcomed the arrival of Finnair to Singapore. Daily-served Helsinki, Changi's first new European route since June 2008 is the airport's fifth new ...
- MSC implementing OWS on Far East-Africa route
The Mediterranean Shipping Company (MSC), based in Geneva (Switzerland), is implementing an overweight surcharge (OWS) of USD 150/teu on all cargo weighing over 20 metric t up to t...
- WWL appoints managing director for India
Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics provider, has appointed Gur Prasad Kohli as managing director for India. Kohli, who will be based in Ch...
- Maersk to call at Marsaxlokk on regular basis
Maersk Line will be calling on a regular and scheduled basis with a number of services at the port of Marsaxlokk in Malta. Maersk only recently announced it is setting up Seag...
- Combi Lift with special transport Singapore - Nigeria
The transport service provider Combi Lift conveyed two anchor handling vessels (AHTS) by its semi-submersible vessel, the "Combi Dock IV, from Singapore to Luba (Nigeria) in M...
- Groupe CAT signs a three-year contract with Aixam Mega
Groupe CAT has just signed an exclusive three-year delivery contract with Aixam Mega, the leading European seller of unregistered vehicles. CAT, the automobile logistics specialist...
- Highways Agency expands contract with Dentressangle
The Highways Agency, an executive agency of the UK's Department for Transport (DfT), has expanded its contract with Norbert Dentressangle to encompass the handling, storage and dis...
- GAC opens new office in Trinidad & Tobago
GAC Energy & Marine Services LLC (GEMS) is expanding its shipping and logistics services to Trinidad & Tobago. The company's newest office is now open for business in San F...
|JUNE 6, 2011|
- Scorpio Tankers orders five product tankers at Hyundai Mipo
- Paris MOU publishes latest "Black, Gray and White List"
- American Salvage Association relocates offices
- Italian Coast Guard vessel to have hybrid propulsion system
|JUNE 6, 2011|
- Foreign-Trade Zone expanding at Port of Quincy, Washington
- AAR taps Laurie Knight as Government Affairs VP
- PDX Citizen Noise Committee to meet at Pearson Air Museum
- Marcon boosting staff with hire of Jon Thielemann
- New NYK bulk carrier first to use hybrid turbocharger
|JUNE 6, 2011|
- Monsoons fail to dampen interest in demolition sales
Three bulk carriers sold into Bangladeshi and Indian yards at prices in low to mid $500s per ldt
- IEA sees golden age for gas
Higher demand will reshape market over next quarter century
- IEA calls for higher standards for shale gas
Stricker fracking guidlines required
- Australia set to overtake Qatar as top LNG supplier
Coalbed methane could push Australia to top of the leauge
- Gas glut to end earlier than expected
The gas glut will be over five years earlier than previously forecast due to increased demand, according to the International Energy Agency
- Shipping sinks from view as aviation flies climate protest
Maritime sector stands by as aviation takes a lead in climate debate
- Time running out for Turkey's yards
Harsh commercial environment could push some Turkish shipyards to the wall sooner rather than later
- Smaller boxship operators happy to fall in with cascade to intra-Asia
Being forced out of Asia-Europe trades by ultra-large containerships could prove a blessing
- Twistlocks problem straightened out
Automated lashing platform is said to eliminate the need for manual coning and deconing of twistlocks and stackers on the quay
- Report highlights GPS vulnerability to space weather
American Meteorological Society workshop report says more research and international co-operation needed to reduce impact on shipping and banking
- Consolidation on the cards for Europe's big engineers
Volkswagen attempts to buy MAN and Scania while Rolls-Royce joins forces with Daimler to chase Tognum
- Owners urged to think long term on investment payback
Rewards will come as fuel prices climb in years ahead, says marine technology expert
- Financial squeeze puts the brakes on innovation
In the current climate it seems that only the larger shipowners are able or willing to invest in innovative fuel-saving technology
- Italy U-turn on Fincantieri job cuts and yard closures following protests
State-owned cruiseship builder must access new markets and develop new products
- Be prepared for rule changes on emissions, shipowners warned
Hopes of postponement of 0.1% sulphur limit in ECAs 'misplaced' and 'dangerous'
- Maersk poised to 'revolutionise' shipping
Manifesto launch will lay down gauntlet to industry on 'brink of era-defining moment'
- SeaEnergy pulls the plug on windfarms business
Company says sale to Repsol will allow it to focus on marine services
- Bermuda tops Paris MoU rankings
Bottom place in safety league table goes to North Korea
- Otal heads for the end of the line
Africa specialist to be swallowed by Delmas in shake-up by the brands' owner CMA CGM
- Brands must earn their keep
Regional lines can compete well against the heavyweights, but sometimes the costs of maintaining a separate brand inside a group outweigh the benefits
- Russia's Global Ports plans $750m IPO
Container terminal says it will use the cash to fund its growth strategy
- Now report it
Thanks to the Oceans Beyond Piracy study, the press has a brush with which to paint the real picture of piracy's huge threat to seafarers
- Iraq to extend oil export capacity at Basra as production rises
Output expected to hit more than 5m bpd in next three years, says deputy prime minister
- A perfect theory (just not in the real world)
Competition in shipping cannot be controlled
- India considers armed guards on cargo vessels
Move conflicts with recent government bid to play down risk of pirate attacks near coast
- Capesize rates back above handy bulkers
Opec meeting will determine production volumes
- Seafarers' Trust project throws light on piracy victims' hidden suffering
Project involving 20 industry partners records seafarers' experiences and works with employers and families develop best practice guidelines
- The human cost of piracy remains hidden from view
There is no single reliable source to inform seafarers or the general public of how crew are treated during captivity, or how widespread abusive tactics are among the pirate gangs
|JUNE 6, 2011|
- Slow streaming tied to upturn in bulk rates
BROKERS told Fairplay today slow steaming orders by Capesize owners have contributed to the upswing in freight rates over the past two weeks
- Taking Courage on IPO
HONG KONG'S drybulk carrier Courage Marine, which cancelled a listing in its home territory in April, now aims to execute the IPO on 24 June
- World Bank backs bunker levy
THE WORLD Bank will push for a levy on bunkers as a measure to combat climate change, a senior official has reportedly indicated
- Mexico's Altamira LNG terminal to be sold
ROYAL Dutch Shell and its partners are selling their Altamira regasification terminal on the Gulf of Mexico, an indication that LNG imports to Mexico are losing appeal, energy analysts told Fairplay today
- Fincantieri said to relent on yard job cuts
BUILDER Fincantieri has reportedly relented in its scheme to cut costs by eliminating 2,500 jobs in Italy
- Japan's sales imported vehicles rise 31%
SALES of vehicles imported into Japan on car carriers increased 31% year on year in May, IHS Global Insight reported today
- Trading begins for Eitzen's new shares
SHARES IN Eitzen Maritime Services, the Oslo-listed maritime services group, started trading this morning on the Oslo Stock Exchange
- Vietnamese march over sea border spat
HUNDREDS of Vietnamese have demonstrated to express outrage about Chinese naval actions in a disputed South China Sea region, IHS Global Insight reported today
- Fortescue cost rise seen
AUSTRALIAN miner Fortescue reportedly plans to exceed estimates and spend $10Bn on ports, mines and other developments, in its latest attempt to increase production
- RCCL embraces UK tonnage tax regime
RCCL PLANS to enroll more than a quarter of its 40 ships under the UK tonnage tax regime
- Russia funds takeover in Taman
RUSSIAN Prime Minister Vladimir Putin has confirmed that the Kremlin will contribute €1Bn ($1.46Bn) towards developing the fishing town of Taman into a major port
- VLCC seesaw stuck
VLCC CAPACITY has finally dropped - and sharply - in the Persian Gulf for the next four weeks, but that has failed to dent freight rates, analysts noted today
- Capesizes put to torch
OWNERS' zeal for demolishing old Capesize tonnage is continuing this week, despite softening scrap rates amid the South Asian monsoon
- Box prices feel 'hangover'
LONG-HAUL box rates remain on the slide today, even as the second quarter reaches its last month.
|JUNE 6, 2011|
- Some Port Truckers May Face Subsidy Bill
Six motor carriers that received subsidies from the Port of Los Angeles for the purchase of clean trucks may have...
- UPS Adds Capacity on Latin America Routes
UPS boosted its cargo capacity 50 percent on flights to Central and South America last week, saying it is responding...
- Con-way Truckload Seeks Southwestern Drivers
Con-way Truckload, looking to hire more truck drivers in the Western U.S., reopened a driver orientation site in Phoenix that...
- Trucker ODFL Expands Drayage Operations
Old Dominion Freight Line, a less-than-truckload carrier, is driving deeper into drayage, opening a container drayage facility in Mobile, Ala. ODFL...
- Freight Index Shows Economy Stalled
A key measure of freight shipping in the United States slipped back 0.2 percent in May from the month before,...
- Ocean Carriers Set India Rate Hikes
Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July....
- CSX, NS Break Ground on Intermodal Projects
Eastern U.S. railroads CSX Transportation and Norfolk Southern Railway each planned to hold groundbreaking ceremonies Monday on separate intermodal hub...
- Shippers Expect 9 Percent Boost in Transport Spending
Shippers are bracing for higher transportation costs, even as the economy slows, according to a second-quarter survey of more than...
- Russia's Global Ports Plans London IPO
Global Ports, Russia's largest container terminal operator, plans to raise about $100 million for an initial public offering on the...
- UTU Claims Record Pay Hike in US Rail Contract
A tentative contract between the United Transportation Union and major U.S. railroads will give UTU members a record pay increase...
- Airlines Cut Profit Outlook on Higher Costs
The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4...
|JUNE 6, 2011|
- The loneliness of the long-distance liner
A year of trading in container shipping is a marathon and not a sprint. As we approach the 13 mile H1 marker, ocean carriers suffering from the consequences of trying to grow too fast in the first quarter will need to begin conserving energy; draw on their cost saving training, and be sensible in their pricing in the second half if they are not to hit the wall in the uphill endeavour to complete the full-year race without financial injury
- OPEC vote could give red-inked carriers a lifeline
- Global Port Investments goes for IPO
- TPT to use Navis system inland
- SA and Mozambique to operate joint anti-piracy patrols
- Maersk adds 'emergency' piracy surcharge
|JUNE 6, 2011|
- OWS crack down
World Marine Co and Odin Ship Management land on US port inspector's detention list with oily-water separator infractions.
- H&K scans Ofer aftermath
Holland & Knight lawyer says fallout from Iranian tanker drama could prove costly for Tanker Pacific and Ofer Bros.
- Owners deny torture claim
Shipowners insist they are not suppressing grim details of hostages' treatment at hands of Somali captors.
- Kev and Brendan held
Canada detained only one cargoship and a tug for failing safety inspections in April.
- Scorpio strikes for MR five
Emanuele Lauro-led tanker owner confirms order for five product tanker newbuildings with Hyundai Mipo worth nearly $200m.
- Taiwan Nav falls
Taipei-listed bulker owner has seen first quarter profit dip despite revenues increasing.
- Vyborg eyes loan
Russian shipyard wants to borrow $167m after racking up loss in 2010.
- Japan sets up piracy base
Historic move as country establishes first full-scale military base outside Japan in Djibouti.
- Russia plans new port
Government and exporters teaming up to build $3.6bn Black Sea terminal to ease congestion at Novorossiysk.
- Bulker bashed bridge
Mersey Docks failed to notify Adelfia vessel of potential hazard from new counterweight, resulting in oil spill.
- Global Ports $100m IPO
Private Russian group N-Trans to raise cash to exploit expected boom in country's container traffic.
- EMS reverse splits
Eitzen Maritime Services completes a reverse stock split and share increase.
- Costa ship refloated
Tug pulls Costa Magica free at the entrance to port of Copenhagen in Denmark.
- Cabotage carrot for Marco
Strong presence in Indonesian market helps Singapore-listed firm earn an initial buy tag from AM Fraser.
|JUNE 6, 2011|
- Reports: Russia port group plans U.K. IPO
Russia's Global Ports Investments (GPI) said it plans to raise $100 million in a initial public stock offering in London.Reutersreported the company is "seeking more than $100 million from a London initial public offering," while the Financial Time...
- Geodis Wilson acquires One Source Logistics
French-based forwarder Geodis Wilson said it has acquired specialists One Source Logistics, which is headquartered in Minneapolis. Jean-Louis Demeulenaere, chief executive officer of Geodis Group, said the company is seeking to double its freight f...
- States Logistics puts sun to work
States Logistics Services has installed a 363-kilowatt solar power system on the roof of its distribution center in Buena Park, Calif., which will produce up to 82 percent of the facility's electricity needs. States Logistics is a third-party logis...
- BIFA names Bottomley president
The British International Freight Association has appointed Peter Bottomley as president, succeeding Norman Fowler. Bottomley had been a member of parliament since 1975. In Thatcher's government from 1984 to 1990, he was parliamentary undersecreta...
- Zim hikes Asia-to-Europe rates
Zim said it would implement a general rate increase of $275 per TEU on July 1 for cargo moving from Asia and the Indian Subcontinent to Mediterranean, Black Sea and North Europe destinations....
- Merchandise trade continues growth in Q1
Merchandise trade continued to grow strongly across major economies in the first quarter of 2011, the Organization for Economic Cooperation and Development said Monday. Total imports of G7 and BRICS countries grew 11 percent in the first quarter c...
- Fewer ships detained for safety, security
The U.S. Coast Guard said it detained fewer ships in 2010 for environmental protection and safety related deficiencies. Ships detained decreased from 161 in 2009 to 156 in 2010, and the total number of ships detained in 2010 for security related d...
|JUNE 6, 2011|
- Fujairah prices mixed
Avails 'extremely tight' in Durban.
- Rotterdam and Hamburg markets stable
Two-tier market seen in Rotterdam.
- World Bank to recommend global levy on shipping and aviation fuel
Focus on means of raising climate funds as post-Kyoto deal looks unlikely this year.
- New DNVPS tool a 'milestone' in bunker industry transparency
Aim of 'Fuel Insight' is to simplify access to statistical data on fuel quality, making it more useful and adaptable for specific purposes.
- BIMCO meeting kicks off in Vancouver
Focusing on the issues of climate, energy and demographics.
- Asian shippers objecting to bunker levy
Signs of positions entrenching ahead of July IMO meeting, shippers say levy will 'just increase the cost of goods for consumers'.
- BMT takes role in 'pioneering low-carbon shipping research'
Three year research project 'a very exciting opportunity to make a real difference to the design and operation of ships'.
- Staff changes at Mediterranean Bunker Services
Trader resigns after 15 years of service, trainee bunker trader appointed.
- Week starts with gain in bunker prices
Largely slack demand for bunker products at key Asian ports on Monday.
- Daewoo and MAN unveil 'huge' LNG powered engine
Designing and building the large engine was 'particularly hard'.
- Bunker tanker sinks at Bangladeshi port
MV OT Moon carrying 180 mt of bunkers when it sank.
- SCI delays rate adjustments on rising bunker prices, low demand
Markets 'should get better' by 2013, says director of bulk carrier and tanker division.
- Russian-based supplier adds bunker tanker to fleet
Acquisition of TM-10 will boost Baltic Fuel Company's bunker fleet to 31 vessels.