|OCTOBER 7, 2011|
- RS Platou in talks to buy ship brokerage firm: CEO
Norway's largest shipbroker, RS Platou, is in talks to buy an Asian or European-based brokerage firm to expand its dry bulk and container chartering operations, its chief executive told Reuters yesterday.
- Move to put price on shipping emissions
With nations facing gaping shortfalls meeting pledges on climate change, several governments and activist groups are pushing to put a price on shipping emissions to fund aid to poor countries.
|OCTOBER 7, 2011|
- Evergreen splits old intra-Asia HBH loop into two distinct services
- CSAV cuts 18pc of Far East-Middle East capacity to 4,862 TEU
- Kerry Logistics commences construction of Singapore cargo hub
- China says US risk trade war if bill passes insisting on yuan float
- China's express revenue expected to hit US$12.5 billion in 2011
- Dalian Port bond sale to raise US$150 million to pay debt, build war chest
- Hefei city plans to invest US$625 million in shipping infrastructure
- Chongqing to build eight new portcentric logistics parks in five years
- MSC to raise US to Far East rates US$100/TEU from November 1
- Charleston blocks dredging of Savannah because of 'harm' done to fish
- US manufacturing Purchasing Managers Index up 1pc to 51.6 in September
- US shippers lobby against proposed rules limiting truckers' hours
- SBS Worldwide makes latest advance in book trade with Ingram tie-up
- Cargotec invests US$47.55 million in technology, testing in Finland
- Schiphol offers 7 China flights with China Southern Chongqing service
- Brownsville, Texas air subsidy of US$1 million to build cargo facility
- FedEx boosts time-definite freight services in Asia Pacific
|OCTOBER 7, 2011|
- Dry bulk market projected to remain weak till 2013
- Idle box fleet up
- India Shipping Summit (October 10-12) aims at unleashing countrys shipping potential
- NACFS seminar confers on key sectoral issues
- Safmarine's corporate functions to merge with Maersk Line
- Tanker players looking at consolidation: Report
- Dealers want anti-dumping duty removed on Chinese, Thai tyres
- Chennai firm bags PPP contract to develop Kerala's Ponnani port
- Workers stage dharna outside KPT administration bldg
- Transition based on rates prevailing before Oct. 2008: Gujral
- Exim Clubs export-related awareness programme on Oct. 8
|OCTOBER 6, 2011|
- EU road freigth has not yet recovered from 2008/09 crisis
According to the Road Freight Transport Vademecum of the EU Commission, the EU road freight market has not yet recovered to the levels before the economic crisis of 2008/2009. The ...
- Groundbreaking ceremony for new air cargo terminal
A week ago today, the groundbreaking ceremony was held for the new air cargo terminal (ACT) at Hanover airport. The ACT, built jointly with a subsidiary of the Dietz group from Ben...
- Emirates SkyCargo transports its heaviest item ever
Emirates SkyCargo came to the rescue of a ship being repaired when it transported a 36 t rudder part - the heaviest single item ever carried by the freight division of Emirates Air...
- Royal Jordanian Cargo earns ISO 9001:2008 certification
The International Organisation for Standardisation has awarded the RJ Cargo unit the ISO 9001:2008 Quality Management System certification for the provision of cargo sales and serv...
- Kimmo Mäki new managing director of port of Helsinki
Kimmo Mäki assumed his new post on 1 October 2011. His predecessor Heikki Nissinen left the role at the end of September by initially taking leave and then retiring on 1 April 2012...
- Pennsylvania's Keystone Rail Corridor receives USD 40 million
US transport secretary Ray LaHood has awarded a USD 40 million grant to the Pennsylvania Department of Transportation to eliminate delays in and out of Harrisburg on Amtrak's Keyst...
- Russian Railways commemorates its 8th anniversary
Since its inception eight years ago, the railway company has shipped over 11.5 billion t of freight. Over the same period, 3.1 billion t of freight have been exported. The share of...
- Road loan helps Vietnam spur growth in remote provinces
The Asian Development Bank (ADB) will support Vietnam with a loan of USD 80 million to upgrade roads in remote northern provinces. The road refurbishment project will improve abou...
- Logistics promotion award goes to Bamberg
Already for the second time, Bayernhafen asked students of all Bavarian universities about their thoughts on a central logistics topic. This year's question was: Eyjafjallajökull e...
- Wilhelmshaven potential beneficiary of large container shipping
The deep-water container terminal Jade Wester Post in Wilhelmshaven to open in summer 2012 may benefit from the continuing trend to build ever larger container vessels. In the perc...
- VLCS to dominate new vessel deliveries
According to Alphaliner figures, container carriers' answer to the challenges of sustainable shipping and cutting emissions is to build ever-larger ships. In 2000 the average size ...
- Grieshaber Logistics in Germany AEO-certified
The German logistics company Grieshaber Logistik, based in Weingarten (Baden-Württemberg), has recently obtained AEO (authorised economic operator) certification for all its sites....
- Raben Ukraine opens new distribution centre in Dnipropetrovsk
Raben Ukraine, a subsidiary of the Netherland's Raben Group, recently opened ad new distribution centre in Dnipropetrovsk. This new facility will allow providing customers in easte...
- Ceva signs contract logistics deal in Switzerland with Samsung
Logistics and SCM specialist Ceva Logistics has signed a one-year contract with Samsung in Switzerland. This deal marks the entry into the Swiss contract logistics market for the s...
|OCTOBER 6, 2011|
- Ensco orders ultra-premium jack-up rig at Keppel FELS
- Panama Canal awards Spanish shipbuilder contract for 14 tugs
- Marad approves Title XI guarantee for Crowley subsidiary
- STX OSV wins PSV order from Troms Offshore Supply
- Horizon Lines completes refinancing of capital structure
- FMC to probe role of HMT in diverting U.S. cargo to Canada and Mexico
|OCTOBER 6, 2011|
- South runway now reopened at Portland International Airport
- Bellingham Port Commission Oks lease with Leap Frog
- Panama Canal Authority places order for 14 new tugs
- New Washington State ferry set for testing in Puget Sound
- AAPA names Delaware senator U.S. Port Person of the Year
|OCTOBER 6, 2011|
- Cairn heads for the Med, while eyeing Cyprus and Lebanon
Exploration company gains 100% interest in five blocks in Gulf of Valencia
- Further funding to come from selling stakes
'Farm-outs' integral part of Cairn's financing strategy
- Calais gears up to assert its position
DP World has finally announced an opening date for the London Gateway, but the port of Calais is completing a $530m expansion plan. It will be an interesting struggle
- Fears of LNG carnage unfounded
The fleet needs to grow to meet the increase from new countries
- Aframax Mediterranean rates soar as Turkish Straits delays worsen
Owners reap rewards as congestion in the straits could lead to further rate rises
- Shipping requires two to tango
Only a return to industrial shipping with contracted employment can prevent the extremes of the recent past and the present from bankrupting shipowners
- Suggesting EEDI be scrapped is missing the mark
ICS is broadly satisfied with the index adopted in July for those ship types that will be responsible for the majority of the industry's future CO2 emissions
- Canadian and Mexican ports in the frame as FMC launches inquiry
Dredging tax faces scrutiny as commission examines prices and competition
- Japanese fuel oil imports almost triple after quake
Power plants burn crude and fuel oil to replace nuclear capacity
- NYK locks in VLCC for three years
Period rates for VLCCs decline but more attractive than dire spot market
- Recovery in trade to bring resurgence in first-world crews
Nautilus general secretary says owners have realised there are no new sources of low-cost labour
- Shell charters aframax Seaservice for one year at $12,000 daily rate
Price indicates further falls in market level for one-year aframax charters
- Former BLG duo jump ship to Norton Rose
Law firm takes on two marine partners in a bid to grow high-end claims arm
- New cargo product plugs gap at smaller end
Marine follows SME retail lead by taking smaller risks online
- Top northern ports face drop in box volumes through to 2012
Forecasts projects this year's growth will be halved
- US Gulf drives supramax rates to six-month high
Pacific trades are slow as Chinese celebrate holidays
- DP World reveals the thinking behind London Gateway
Details given of the $2.3bn project's financing and market rationale
- Stolt Nielsen expects tanker markets to remain subdued
Profits rise in third quarter but outlook still poor
- Start installing now
It is important that owners visibly endorse the ballast water convention by embracing its requirements
- V.Ships to list in next three to five years
London or New York are preferred locations
- Horizon Lines completes recapitalisation
Jones Act container shipping major has compiled $653m in new and recycled cash
- Marco Polo Chapter 11 decision delayed
Closing arguments set for October 21
- BIMCO urges owners to shun EEDI waiver
Vessels without an EEDI value would be 'compromised'
- Brittany Ferries drops Poole-Cherbourg ro-pax service
Daily freight-only services continue but company considers its options on passenger vessels
- Svitzer appointed as Rena salvor
Costamare-owned, MSC-operated vessel stuck on reef is emitting light oil slick
- Dalian Port in race for overseas funding
Chinese port to issue offshore yuan and US-dollar bonds amid drop in government spend
- Canada slams FMC 'cargo diversion' inquiry
US claims of subsidies rejected
- FMC tables proposal for index-linked service agreements
Some 50 service contracts linked to various freight rate indices have been filed with the FMC to date
|OCTOBER 6, 2011|
- Stolt still sees recovery ahead
THE CHEMICAL carrying sector is likely to recover in 2013, Stolt-Nielsen reiterated today, while reporting a slight fall in 3Q11 net profits year on year
- Italy excludes register from austerity cuts
ITALY'S transport minister Altero Matteoli has pledged to exclude its ship register from austerity measures
- MSC hopes to extend Colombo terminal deal
MSC PLANS to extend its terminal agreement with the Sri Lanka Ports Authority for two more years
- 12 hurt in Thames casualty
A DOZEN people were hurt in a River Thames ferry accident, Port of London Authority spokesman Martin Garside told Fairplay today
- Tanker owners warned about the 'L' word
IDLING tanker tonnage might not be viable for owners, even with the crude market in the doldrums, owners have been warned
- CSAV approves $1.2Bn capital increase
CSAV'S shareholders have approved another capital increase, this time for $1.2Bn
- VLGC rates rise to high
THE VLGC bull run has continued, with the Baltic Exchange recording average freight rates of $73.656 per tonne, a $0.90 rise from 4 October, brokers told Fairplay today
- Class told to innovate
NOBORO Ueda, boss at Class NK, has warned classification societies that innovation is the way to secure the sector's future
- Gladstone fish ban scuttled
QUEENSLAND'S government today lifted a Gladstone fishing ban introduced over concern that dredging was harming human health
- Suezmax rates firming
SPOT RATES for Suezmax tankers are rising on the back of strong business in West Africa, but Mediterranean/Black Sea routes are also doing well, analyst and broker sources said today
- EC opens Tirrenia aid inquiry
THE EC HAS opened an in-depth inquiry into public aid received by five companies belonging to Italy's former public sector group Tirrenia
- BIMCO urges single S&P form
BIMCO's deputy secretary-general Soren Larsen told Fairplay today it is concerned with sale forms that Asian countries have produced or are producing
- Richards Bay stocks rise to record high
RICHARDS Bay Coal Terminal received 1.3M tonnes more than it shipped in September, resulting in port stocks soaring to an all-time high 5M tonnes, according to IHS McCloskey
- Brodotrogir yard aid granted
CROATIA'S competition agency AZTN has approved 2.8Bn kuna ($495.3M) in government aid for Brodotrogir shipyard's restructuring
- Snarls ease at iron ore ports
CONGESTION in major drybulk ports decreased in the past week by 5
|OCTOBER 6, 2011|
- President Names Emergency Rail Review Board
President Obama, moving to prevent a potential strike against major U.S. railroads, named a five-person presidential emergency board on Thursday...
- Port of LA Won't Appeal Truck Case
The Port of Los Angeles said Thursday it will not appeal an appeals court ruling striking down the port's regulatory...
- Cosco Chairman Wei to Keynote TPM
Wei Jiafu, chairman of Cosco Group, the world's fourth-largest container line by capacity and the largest carrier based in China,...
- FedEx Freight Expands in Montana
FedEx Freight expanded its service center in Butte, Mont., to a 65-door facility to make it a less-than-truckload hub in...
- Rail Intermodal Extends Record Volume Run
With a mild 0.6 percent gain in the latest week, major North American railroads again set a new all-time high...
- NS Readies Virginia-North Carolina Stack Service
Norfolk Southern Railway is launching in mid-October a new double-stack rail service that will connect Virginia's ports to central North...
- Bulk Rail Traffic Sets New 2011 Highs
A broad-based pickup in bulk railcar shipments pushed freight carloads up 2.2 percent at major North American railroads in the...
- EPA Taps Kraft, Lowe's, Pepsico for Green Awards
The federal Smartway program recognized teams at Ikea, Kraft Foods, Pepsico, Lowe's and J.B. Hunt for making achievements in environmentally...
- Melford Terminal's Mann Validates Building Nova Scotia's Second Port (Video)
Richie Mann, VP of Marketing for the Melford International Terminal, discusses upcoming plans for the terminal, currently being built in...
- Panama Canal Orders 14 Tugboats
The Panama Canal Authority ordered 14 new tugboats in anticipation of more vessel traffic when the canal completes its third...
- Whose Waterways Revenue Stream?
Rick Calhoun sees the inland waterways infrastructure crisis from the perspective of both shipper and carrier. He is president of...
- Disparate Hours
Federal regulators are due to issue a final rule on changes in truck driver hours at the end of this...
- Untangling Supply Chain Knots
"If it was easy, everyone would be doing it," the logistics director for a large U.S. health care products importer...
- UPS Raises Retail Stakes
UPS last month introduced "My Choice" to help residential consignees gain control over the inbound delivery of their increasing number...
- Teamster General Election Begins
An election that could determine the course of the Teamsters union and the tenor of its relations with employers begins...
- Maersk Hikes US-Far East Rates
Maersk Line plans to increase freight rates on westbound cargo from the U.S. to the Far East, starting Nov. 15....
- Maerks Changes India-South Africa Rotation
Maersk Line changed the port rotation of its MESA Service connecting the Middle East, he Indian Subcontinent and South Africa....
- Maersk Denies it Aims to Rule Asia-Europe Trade
Maersk Line on Thursday denied reports that it is using its market size and economies of scale to drive weaker...
- Boehner, Cantor Attack Trucking HOS Rewrite
The Republican-controlled House is speeding toward a conflict with the Department of Transportation that could scuttle changes to trucker hours...
- NRF Forecasts 2.8 Percent Rise in Holiday Sales
The National Retail Federation forecasts a 2.8 percent increase in holiday sales, and said retail prospects for the season "can...
- Container Ship Charter Rates Plummet
Container ship charter rates are in free fall as ocean carriers cut back on hired tonnage amid plunging freight rates,...
- EU Rejects Airline Carbon Scheme Challenge
A European Union scheme compelling all airlines to pay for carbon emissions on flights to and from the 27-nation bloc...
- British Airways, Iberia Cargo Traffic Up 1.6 Percent
International Airlines Group, the owner of the merged British Airways-Iberia carrier, boosted cargo traffic in September by 1.6 percent year-over-year...
- Horizon Completes $652.8 Million Refinancing
Horizon Lines completed a complicated $652.8 million refinancing that saves the largest U.S. domestic ocean carrier from bankruptcy and will...
- Canadian Pacific CEO Talks Peak Season Outlook, Commodity Demands (Video)
Canadian Pacific Railway President and CEO Fred Green, the keynote speaker at this year's Canada Maritime Conference, gives his outlook...
- Canada Defends Trade Policies Against FMC Inquiry
The Canadian government said it will "vigorously defend" its trade policies and infrastructure investments against any of the findings of...
|OCTOBER 6, 2011|
- Ocean carriers still in trouble in Q3 11
- MSC to buy space on Trident/OC1
- Grimaldi phases new ship into N Europe/West Africa trade
- Yucatan phases in new cranes
- MSC ship on the rocks in New Zealand
|OCTOBER 6, 2011|
- Long-haul lull
Sterne Agee equity analyst says tanker market saturation is a problem for VLCC segment but weak US demand is the real issue.
- Silver lining in Sunoco shocker
MJLF's new research recruit says more than 44 product tankers would be needed to plug gap created by US refinery closures.
- Owners face a close shave
Nikolas Tsakos could be in for a hairy couple of years while Teekay chief backs cleansing effect of company failures.
- Trai Thien cash hunt continues
US arm of Southeast Asian mini-bulker operator posts quarterly gain but fight to fund newbuilds persists.
- Tsakos sounds safety alarm
Poor tanker market could lead to a rise in casualties as owners cut corners, says Nikolas Tsakos.
- Barfleur trial ends
Brittany Ferries is laying up ro-pax after a seven-month cross-Channel test came to an end.
- Golar seals debut deal
Golar LNG Partners turns to John Fredriksen-backed parent for $222m loan as US-listed offshoot inks first FSRU acquisition.
- Capesize bulker rate rise
A tight tonnage position in the western hemisphere has underpinned freight rate increases.
- Dahlman down on FRO
US bank also cuts OSG to "sell" as it predicts 15 more months of pain for tankers.
- DFDS in the clear
Danish ro-ro group wins Estonian competition clearance for buying BSL service to Sweden.
- CECON gains subsea contract
Arendal-based offshore installation company has won a welcome West African contract.
- Svitzer tackles Rena
Danish salvor to refloat Greek boxship stuck off New Zealand, as small amount of oil leaks from pipes.
|OCTOBER 6, 2011|
- Downward spiral?
- Canadians irked by cargo diversion inquiry
The U.S. Federal Maritime Commission voted unanimously on Wednesday to start a notice of inquiry into disparities that may be causing U.S.-bound cargo to be pushed to Canadian and Mexican ports. The FMC's decision to begin the inquiry drew sharp r...
- FMC makes index-linked contracts easier
The U.S. Federal Maritime Commission on Wednesday voted unanimously to issue a proposed rule aimed at making it easier for ocean carriers and shippers to use service contracts with rates linked to freight rate indexes. Under the commission's curre...
- CMA CGM raises rates, peak season fees
The liner carrier CMA CGM said Wednesday it plans to raise rates and assess peak season surcharges on a handful of trades this month. The rate increases, which went into effect Oct. 1, are: From Northern Europe to the Persian Gulf and Red Sea, $1...
- Matson lowers bunker fee
Jones Act carrier Matson Navigation Co. said Wednesday it will lower its bunker surcharge by 2 percent on sailings from Oct. 9. The Hawaii surcharge will be reduced from 42.5 percent to 40.5 percent, while the Guam surcharge will be reduced from 44...
- TNT's Q3 performance declines
TNT Express said Thursday it expects muted growth for its Europe, Middle East and Africa (EMEA) business and "continuing negative performance" in the Americas. In its third quarter business update, TNT said trading was "relatively resilient" in it...
- K+N opens Cartagena hub
Swiss freight forwarder Kuehne + Nagel has opened a new distribution center in Cartagena. The new facility has 10,000 square meters of warehouse space and 11,000 pallet positions at the Contecar complex at Cartagena, a key transshipment in northern...
- Customs replicates TSN for internal ACE users
U.S. Customs and Border Protection has created an internal version of the Trade Support Network to better pulse frontline employees about what functions they expect from the Automated Commercial Environment, Cindy Allen, director of the ACE Busine...
- House committee advances FTAs
The U.S. House Ways and Means Committee on Wednesday advanced implementing legislation for free trade agreements with Colombia, South Korea and Panama. "For too long, America has sat on the sidelines, losing ground to foreign competitors in nations...
- U.S. trade mission to Qatar, UAE
Commerce Department's Undersecretary for International Trade Francisco Sánchez will lead a U.S. trade delegation to Qatar and the United Arab Emirates on Oct. 30-Nov. 3 to promote U.S. goods, services, and technologies in the multi-modal transporta...
|OCTOBER 6, 2011|
- Challenge of sustainability leading to 'ever-larger ships'
Drive towards larger containerships is gathering pace, says Alphaliner.
- Fujairah bunker market firms
"Prompt cargoes are just not there," said a fuel oil trader.
- Sunken oil tanker to undergo tests
Remotely operated vehicle will test for the presence of oil inside the cargo and fuel oil tanks.
- North European bunker markets firm
But Rotterdam prices were weakening later in the day.
- KPI Bridge Oil appoints trader for Valparaiso office
Appointment will 'strengthen service during period of increased activity and expansion.'
- Fuel oil stocks close to eight-month low
Middle distillates inventories fall in wake of Shell refinery fire.
- BIMCO to help members assess EEDI implications
Will make an EEDI calculator available soon, advises members against using waivers when ordering new ships.
- Canadian port considers 'cold ironing'
Study to assess feasibility of supplying shore-side power at Victoria's deep water terminal.
- Bunker prices generally rising in Asia
Slack demand in key Asian hubs.
- Sinopec to start bunkering in Qingdao
Sinopec to lease two to three vessels to support bunkering ops in Qingdao.
- Asian fuel oil price discount widens
Premium of 180 cSt to 380 cSt narrows to $7.25 pmt, says oil broker.
- South Korean bunker supplies 'stable' in October
Local refiners to produce around 680,000 mt of bunker fuels in October.
- Grounded box ship leaking oil off New Zealand
Two kilometres oil slick spotted near the vessel on Thursday morning.