|APRIL 8, 2011|
- Ince & Co in alliance with local law firm
The burgeoning maritime sector here has pushed maritime law firm Ince & Co Singapore to blur the line between local and foreign law firms.
- Hard times for maritime sector
Rising fuel prices, tumbling freight rates, piracy and now radiation fears will make this year one of the most difficult in decades for the maritime industry, forcing some shippers out of business.
|APRIL 8, 2011|
- Moody's rates CMA CGM 'stable', but not out of the woods
- APL adds central China and Manila calls to NPX service
- TUI avoids IPO as rates fall and investors mull offers for Hapag stakes
- Derivative use of Shanghai Containerised Freight Index 'troubling'
- DHL's renewed African focus driven by continent's growth
- JNPT congestion eases, but costly cargo diversion hits port
- Arrested Nigerian customs officers linked to 37 contraband boxes
- Wan Hai, Evergreen, MOL, SEACON offer joint Asia-East Africa loop
- Dachser increases 2010 revenue 19pc to US$5.44 billion
- Mombasa port opens new US$5.9 million box depot
- Eurogate introduces its new 'Triple-A' German terminal in Hong Kong
- Survey identifies areas for 3PL providers in Asia to improve
- Hactl quarterly volume up 2pc to 649,722 tonnes, March rises 4.4pc
- Volga-Dnepr delivers cooling pump to leaking Fukushima nuclear plant
- Saudi Air Cargo to launch customer for Route Mapper
|APRIL 8, 2011|
- Debris, not radiation, seen as bigger danger to vessels
- Food imports from Japan banned for 3 months
- Indo-Thai trade to touch $10 bn by 2012-end
- GMB ports handle 12.34 pc more traffic in 2010-11
- Major Ports register 569.9 mt in 2010-11
- Shipping Secretary, Jt Secretary assure Major Port officers of resolving pay revision anomalies
- Vizhinjam promoters to again apply for ToR
- Commerce Minister launches credit facility to promote project exports from India
- Exports up by 50 pc in February 2011
- Fieo concerned about falling export credit, rising credit rating costs
- Iron ore export ban in Karnataka to go
- Pawar, CACP call for lifting ban on grain exports
- Indian professionals to feel heat of UK's new immigration rules
|APRIL 7, 2011|
- Air Arabia daily to Nairobi
Starting today (7 April), Sharjah (UAE)-based LCC Air Arabia is increasing its service between its hub and the Kenyan capital Nairobi from four weekly to daily.
- Lynch expands and goes for Volvo
Construction and plant hire specialist L. Lynch has added a pair of Volvo FM 8x2 rigids with cranes to its 450-strong equipment fleet, as part of a strategic expansion of its plant...
- Beluga is back in business and changing its name
The heavylift shipping company Beluga is back in business, after its recent application to be declared insolvent. "This is a clear signal," a company spokesman said. Some...
- TUI to sell Hapag-Lloyd shares to Arabians and Chinese?
According to reports from stock market circles, TUI is negotiating with the Chinese airline HNA and the Sultanate of Oman about the purchase of a stake in Hapag-Lloyd. It...
- Canadian Pacific expects lower Q1/earnings
Canadian Pacific (CP) has announced that its Q1/2011 earnings will be lower due to the impact of winter weather across the entire rail supply chain. The severity and length of...
- Qatar Airways takes over 25th B777
Boeing delivered Qatar Airways its 25th B777 at a ceremony on 1 April. The airplane is a B777-300ER (extended range) model, which can carry up to 44 ULDs. Since placing its first B...
- XPressNet: railway to get more capacity for time-critical traffic
DB Netz, DB Schenker, DHL Freight, DUSS, Hellmann Worldwide Logistics and Kombiverkehr have implemented a research project called XPressNet. The scheme includes the developmen...
- Train service to connect Petrolesport and Yanino
Petrolesport OJSC and Yanino Logistics Park LLC (a Global Ports group companies) have set up a regular train service between the terminals in partnership with Firm Transgarant LLC ...
- Switzerland planning to raise road charges
The rising cost of constructing, operating and maintaining national roads in Switzerland is increasing. In addition, the country plans to add around 400 km of new highway to the na...
- Don Telford re-elected chairman of Australian Logistics Council
The annual general meeting of the Australian Logistics Council (ALC) was held in Canberra on 1 April. During the assembly Don Telford was re-elected as chairman. The board sim...
- Gefco repositions international groupage offer
Gefco's groupage activity, a key component of its supply chain offer, is aimed at manufacturers with international freight flows. The French group has set a growth objective of 9% ...
- Volga-Dnepr delivers equipment for cooling damaged nuclear plant in Fukushima, Japan
Volga Dnepr Airlines has flown an urgently-required piece of equipment from Stuttgart (Germany) to Japan. The large pump is needed to help cool the damaged reactors at th...
- CMA-CGM's Mascareignes and Epic services relocate to Gulftainer's Khorfakkan Container Terminal
CMA-CGM's 'Mascareignes' (Gulf-Pakistan-India-Indian Ocean) and Epic (India-Pakistan-Middle East-North Europe) services have re-located to Khorfakkan Container Terminal (KCT), situ...
- This year's Alacat congress taking place in Cartagena (Colombia)
The 28th Annual Congress of Alacat (Federaci'n de Asociaciones Nacionales de Agentes de Carga y operadores internacionales de Am'rica Latina log'sticos y el Caribe), the associatio...
- Textile logistics: Felina and Fiege agree to collaborate
The medium-sized German logistics company Fiege is steadily expanding its activities in the field of textile and fashion logistics. From mid-2011 Fiege will assume res...
- Geis Group takes over Basel-based General Transport AG
The Germany-based international logistics company Geis is acquiring a 75% stake in General Transport AG, a Swiss company that focuses on heavylift and project cargo logistics. Gene...
|APRIL 7, 2011|
- STX OSV books order for MRV trio for DOF ASA
- NJ offshore wind project gets environmental permits
- Puerto Rico agrees settlement in Jones Act price fixing suits
- Lamprell in talks on MIS acquisition
|APRIL 7, 2011|
- State of Port of Vancouver, USA discussed at annual Port Re:Port event
- Greenbrier inks numbers for second fiscal quarter
- APL expanding service covering Central China/Philippines
- Port of Portland earns honor for brownfield redevelopment
- Carriers come together for weekly Asia/East Africa run
|APRIL 7, 2011|
- Supramax owners face slide in rates
Despite Australian floods and the Japanese disaster, uncertainty is clouding a quiet market
- Yard failures on way, warns broker
Barry Rogliano Salles says it is a surprise there have 'not been more bankruptcies among shipbuilders to date'
- MR tankers head for a 40% dive
Daily rates for medium range product tankers on the transatlantic trade are set to fall by 40% from the two-year high of $20,000 recorded on March 29 to $12,000 per day by next week
- High US pump prices to hit gasoline demand
The highest US pump prices since 2008 will sap demand for gasoline just as the country's vacation season starts
- Willingness to change is key for progression
The alignment of interests between seafarers' trade unions and shipowners is a key factor if innovation on board ship is to succeed
- Lidinsky makes the case for box leasing intervention
A trip to Washington DC lifts the lid on two hot button topics
- They said it: Lidinsky and Koch in their own words
Richard Lidinsky and Chris Koch state their views
- Malacca transits downas vessel size increases
Bigger vessels pose a higher risk of disruption to trade through this narrow, shallow waterway
- Shippers call for lines to reconsider box derivatives
Carriers reminded that using risk management tool would help them stem financial losses in volatile freight markets
- Horizon, Crowley and Sea Star settle Peurto Rico case
Companies to each pay $1.8m to settle a price-fixing case
- Change for the better?
Container shipping is already a commodity business and many of the leading operators treat it as a commodity business in the way they so viciously fight for market share
- CEC Future pirate gets 25 years' jail term
US court delivers landmark sentencing on non-US flag ship
- Derivative traders back box forum proposal
Hopes to bring parties together to discuss how best to establish market prices and hedging tools
- Legal playing field
The move by Ince & Co marks an important step towards making Singapore's already robust maritime services sector even more solid
- More competition to finance Greeks seen in 2011
Newbuilding finance gap likely to be filled 'in an orderly manner', predicts Petrofin
- Ocean Tankers wins case against Cyprus government
Owner claims payment will trigger release of arrested tanker in US as company enters talks with banks and key charterer
- Investment in green technology raises bar
Smaller and medium-sized shipping companies will find it more difficult to compete and survive
- Delmas delays delivery of three vessels
Delivery pushed back as parent company CMA CGM gears up for $800m bond issue
- Ince takes lead with Singapore alliance
Tie-up with local law firm to boost Singapore's plans of becoming international arbitration hub
- Grupo Luksic ups stake in CSAV
Conglomerate set to become CSAV's joint-largest shareholder
- Oil giants reluctant to charter older tankers
Preference for younger tonnage could ease overcapacity problem in large tanker sector
- Port logistics heralds Golden Triangle demise
Distribution centres around Birmingham face a challenge from UK ports which could become the hubs around which imports are funnelled
- Taking responsibility for overcapacity woes
History tells us that too many ships hitting the water as a result of over-optimism has blighted every shipping sector over the last few decades but it seems that owners will never learn
- Danaos takes biggest ships under new finance conditions
Greek containership owner sees share price lift off after epic restructuring
- OceanFreight curbs losses as it gears up for big bulkers
Anthony Kandylidis-led company scrapes to a marginal fourth-quarter profit
- Navios Logistics prices expanded $200m bond
Financing provides 'good platform' for growth of subsidiary with designs on listing
- APL boosts intra-Asia network by expanding North Asia Philippines Express
Beginning April, NOL unit will deploy three 1,100 teu vessels on route
- Dynacom tanker departs Libya after loading oil
Equator heading for Singapore with a 130,000 tonne cargo of crude oil
|APRIL 7, 2011|
- Nordea leads lender ranks
SYNDICATED loans to shipping and offshore hit $10.69Bn in 1Q11, with Nordea the top bookrunner, Dealogic reported today
- US port bill proposed
LEGISLATION has been introduced in Congress that would funnel more money into US port infrastructure
- Navios outlines KL accord
NYSE-listed Navios Holdings has reached an agreement with insolvent Korea Line, mirroring similar deals by Eagle Bulk and Dryships
- 10% rise in Japan LNG demand seen
SANTOS is predicting that the closure of Japanese nuclear power plants will boost Japan's LNG demand by 10% over the next few years, IHS World Markets Energy reported today
- Libya oil leaves for Singapore
LIBYAN rebels have dispatched their first shipment of oil for export, with tanker Equator now heading to Singapore after loading at the port of Marsa el Hariga, according to AISLive
- Unifeeder targets shortsea
UNIFEEDER has raised its growth target for intra-European shortsea volumes after Europe's leading box feeder carrier unveiled strong 2010 increases
- $1Bn Petrobras-Subsea 7 deal signed
SUBSEA 7 has signed a contract worth about $1Bn with Petrobras calling for deepwater developments
- 213 migrants thought drowned
THE UN High Commissioner for Refugees has reported that more than 200 refugees are "presumed to have drowned" in the capsizing of their boat off the Italian island of Lampedusa
- Stolt-Nielsen profits rise
NORWAY'S Stolt-Nielsen today reported net profits of $31.2M for its first quarter, ended 28 February, up from $18.8M a year earlier
- Armateurs warns of 'difficult' 2011-12
ARMATEURS de France chairman Christian Garin has warned that shipping can expect two "very difficult" years ahead as it struggles with increasing overcapacity
- Panamax FFA rise seen
PANAMAX FFAs are seen rising to $22,000 per day in the fourth quarter, from about $14,175 now
- Finnlines warns of losses in 1Q11
FINNLINES, the listed Helsinki ro-ro company, has warned that it will book net losses in1Q11
- STX O&S shares jump
SHARES in STX O&S jumped today by nearly 15% on the South Korean bourse
- DBS eyes more ship financing
SINGAPORE'S DBS Bank today suggested the country could play a bigger role in ship financing
- Supramaxes weaken despite India ruling
INDIA'S decision this week to allow the full resumption of iron ore exports out from Karnataka is yet to affect Supramax rates, Fairplay was told today
|APRIL 7, 2011|
- ILA Threatens NY-NJ Strike Monday
The International Longshoremen's Association is threatening to strike in the Port of New York and New Jersey on Monday in...
- Rail Carload Volume Hits Highest Level Since Late '08
The latest week's bulk and large-unit railcar loadings at major U.S. freight railroads were the highest since late 2008, or...
- Index Shows Tighter Truck Capacity
Index Shows Tighter Truck Capacity Increase reverses March decline as shipping activity builds William B. Cassidy META: The Longbow Research Truckload Barometer shot...
- Greenbrier Nearly Wipes Out Loss
Railcar and barge builder Greenbrier Companies almost broke even in its fiscal second quarter ending Feb. 28, with its loss...
- Senate Bill Would Lift Truck Weight Limit
A bill introduced in the Senate Thursday would raise the heavy truck weight limit to 97,000 pounds, breaking a 20-year...
- Second Major Quake Strikes Japan
Another strong earthquake struck near the northeast coast of Japan Thursday, April 7, nearly a month after the initial disaster...
- Radiant Completes Buy of Distribution By Air
Radiant Logistics completed its acquisition of privately held Distribution By Air, in a $12 million deal that continues a consolidation...
- Nordic Global Airlines to Launch All-cargo Service
All-cargo carrier Nordic Global Airlines will begin operations with long haul MD-11 freighter flights from Europe later in the year. ...
- Luksic Buys Additional 8 Percent of CSAV
The Luksik group, a Chilean mining and investment group, has agreed to pay $120 million for an additional 8 percent...
- Damco Names New Latin America CEO
Damco, the logistics arm of the A.P. Moller-Maersk Group, appointed Humberto Florez to head up the company's business in Latin...
- APL Expands China-Philippines Feeder
APL is extending its North Asia Philippines Express feeder service to cover Central China and Manila in the Philippines this...
- Danaos Takes Delivery of Two Biggest Ships
Danaos took delivery of the two biggest container vessels it has ordered to date and the first to be financed...
- Disaster Alters Japan Trade Estimate
Japan's sea and air cargo exports will sink between 4 percent and 5 percent in the first half of fiscal...
- Federal Agencies Step Up Import Inspections
Two federal regulatory agencies, the Food and Drug Administration and Consumer Product Safety Commission, are stepping up their inspection activities...
|APRIL 7, 2011|
- FMC pursues trade facilitation plan
- DP World to cut shares in circulation
- Maersk to resurrect its AC3 Far East/WCSA service
- Portugal accept 'no option' bail-out
- INTTRA unveils latest plans
|APRIL 7, 2011|
- NMM primed for expansion
Angeliki Frangou-led bulker owner tosses four million shares on the table in a public offering that could top $95m.
- Clipper CEO slams pirate
Per Gullestrup speaks out against Jama Idle Ibrahim as US judge hits hijacker with 25-year prison term.
- Texan snatches Trico ship
Houston-based equipment supplier seals shipowner status after scooping platform-supply vessel from bankrupt owner.
- Scorpio's smoke signals
New York shipping sage predicts product tanker rate rally following Scorpio Tanker's freshly minted fixture.
- Nordea dominates deals
Nordea Bank trumps Nordic competition in Dealogic's first-quarter digest of syndicated shipping & offshore loans.
- Ferry falls into the water
Three injured as ferry plummets while being lifted onto heavylifter brought in to replace vessel that ran aground last week.
- Another victory for Farstad
Norwegian offshore supply vessel owner wins further UK supreme court ruling in hard fought battle over ship fire.
- Petrovietnam in pool push
State-controlled shipowner pushes aframax tanker into Navig8 pool.
- HUD doubling drydock
Swire shipyard expanding in Hong Kong to handle world's biggest boxships.
- Fuel fears burn Eitzen
Oslo-listed owner sees its shares take a beating as investors are spooked by Stolt Tankers' results.
- Beluga clips another wing
Beluga Shipping's Norwegian chartering outpost bites the dust as German heavy-lift operator inches closer to total collapse.
- Samho Crown crew stuck
Twenty-eight seafarers waiting for wages on Korean VLCC docked in Dubai for two months.
- Clash of the titans recast
Top insurance groups fail in bid to prevent Frontline enforcing arbitration ruling over long running Sicilian dock damage dispute
- Solstad pens OSV deals
The Oslo-listed player has won renewals for two of its offshore support vessels.
- NYK in tanker deal
Japanese owner sells VLCC to Singapore joint venture under long term charter with Thai Oil.
- Slack start for Stolt
Oslo-listed owner lags first quarter forecasts as tanker unit slips into the red.
- Handy pay hike for Andi
Clarksons chief sees pay packet swell to almost '5m on the back of a huge bonus.
|APRIL 7, 2011|
- DHL expands in Ukraine, Eastern Europe
DHL Freight, a provider of road freight services in Europe, started operations Thursday at a new logistics center in Kalinovka near Ukraine's Kiev. DHL uses about 20,000 square meters of the facility, which will serve as a main gateway for DHL Frei...
- Gritz heads Southern Air's Europe operations
Southern Air Holdings has appointed Oliver Gritz to managing director for Europe. Gritz will oversee Southern Air's European operations from the company''s office in Cologne, Germany, reporting to Daniel J. McHugh, chief executive officer. Gritz h...
- CSA lines postpone bunker increases
Members of the Caribbean Shipowners Association have postponed by one week bunker surcharge increases. The two increases, $30 per TEU each, are now scheduled for implementation on April 10 and April 17. Bunker surcharges apply to all shipments sout...
- APL upsizes North Asia Philippines Express
APL said it has expanded its North Asia Philippines Express (NPX) feeder service to cover Central China and Manila in the Philippines beginning this month. Service enhancements also include two weekly calls to Manila from Kaohsiung for improved co...
- IRISL uses deception to avoid sanctions
The U.S. Office of Foreign Assets Control hasissued an advisoryto alert shippers, importers/exporters and freight forwarders to practices used by the Islamic Republic of Iran Shipping Lines and companies acting on its behalf to evade U.S. and inte...
- Luksic acquires more of CSAV
Chilean container shipping company CSAV said the Luksic Group has acquired an additional 8 percent of CSAV from Maritima de Inversiones, CSAV''s largest shareholder. Last month the Luksic affiliate Qui'enco acquired a 10 percent stake in CSAV from...
- Lines reach another Puerto Rico settlement
Horizon Lines Inc., Sea Star Line and Crowley Liner Services have entered into an agreement to pay $5.3 million two settle three lawsuits -- one filed by the Commonwealth of Puerto Rico and two class action lawsuits filed by indirect purchasers of...
- Bipartisan support
- Customs news
Federal stalemate imperils CBP Trade SymposiumThe Commercial Operations Advisory Committee meeting and Trade Symposium scheduled by U.S. Customs for next week are threatened by the looming shutdown of the federal government. Trade Ambassadors must ...
- DHL expansion
DHL builds 3 DCs in SydneyDHL Supply Chain Australia has started building three distribution centers in Sydney's western suburbs with an investment of A$80 million ($84 million). DHL expands in Ukraine, Eastern EuropeDHL Freight, a provider of road...
|APRIL 7, 2011|
- Fuel oil prices soft in Fujairah
In Cape Town, deliveries available for supply up to and including April 21.
- IBC: More enforcement of sulphur limits
Dutch authority reports big rise in non-compliance since lowering of ECA sulphur limit, and clampdown on suppliers.
- IFO prices soften in key European ports
Product avails tight in Hamburg.
- Bunker prices hit tanker operator's results
Stolt-Nielsen predicts difficult year for tanker sector.
- Singapore fuel oil stocks at 14-week high
Increase in line with arbitrage arrivals.
- Alliance growing its bunker business in Russian Far East
Independent oil company acquires Gavanbunker.
- Asian bunker prices lack direction
Bunker supplies not an issue at key Asian ports, said traders.
- Chemoil's Michael Bandy to resign as director
Bandy decides not to seek re-election at the upcoming general meeting.
- Shell's Asian fuel oil head resigns
Jurgen Van Henk could join a major trading house, traders say.
- South Korean bunker volumes 'stable' in April
SK Energy lowers bunker volumes while Hyundai ups output in April.
- South China fuel oil volumes stable week-on-week
But stocks up 31% from a year ago period for the week ended April 6.
- No single solution
Pressure to achieve compliance with future environmental regulations driving dialogue on alternative fuel and energy efficient technologies.