|JULY 8, 2011|
- More ships wait to load sugar in Brazil
The queue of ships waiting to load sugar at Brazilian ports rose to 86 by Wednesday, up from 64 in mid-June, shipping agency SA Commodities/Unimar said yesterday, as the world's largest sugarcane crop nears peak harvesting.
- Overcapacity threatens container rates
Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry's biggest losses.
|JULY 8, 2011|
- CMA CGM hikes rates, surcharges from US in July, other trades in August
- PSA to develop, operate box terminal in Dammam, Saudi Arabia
- Dalian-Xiamen containerised grain shipments to be launched
- MCC Transport revises its Intra Asia 8 Service to include new ports
- Wallenius Wilhelmsen Lines deploys rifle-toting guards on ro-ro ships
- Qinzhou Port's container volume increases 21.2pc in first five months
- Fangcheng Port boasts first ocean shipping service from PIL to Africa
- APL to open 43-acre intermodal site at CenterPoint Joliet UP/BSNF junction
- APMT to spend US$749 million as it takes charge of Peru's Callao terminal
- APL Logistics appoints Iraqi and Kuwait agents in Mideast expansion
- St Petersburg's National Container Company sees H1 volume grow 7.9pc
- DB Schenker Logistics new Icelandic office targets reefer seafood
- Hactl posts 10pc cargo decline in June and 4.7pc down in first half
- US airlines in court against EU 'right' to carbon tax over high seas
- Jakarta defends tough air cargo screening after finding smuggled guns
- Hong Kong Air Transport Licensing Authority members take office in August
- Calgary's new global logistics air cargo park enters 2nd development phase
- UK's Unite union fights for perk parity for air cargo and passenger staff
- US Airways chooses WFS as cargo handling partner in Philadelphia
|JULY 8, 2011|
- Dry freight rebound seen only in end-2013
- HC rejects plea to set up tribunal for resolving wage disputes with seafarers
- SCLC's container logistics & infrastructure summit on July 15
- Indian tea exports may be hit by rising Lankan supplies
- Antwerp port giving discount to greener vessels
- Cochin Port plans to pip Colombo by upgrading bunkering set-up
- MPT Chairman analyses iron ore trade,presents paper at FIMI conclave in Singapore
- Tamil Nadu invites investments into ports, shipbuilding & power
- EGoM to work out modalities on 30 lakh t foodgrains exports
- Govt not to push for foodgrains exports: Pawar
|JULY 7, 2011|
- ASTAG: Days of action for youths in Lucerne (Switzerland)
The Swiss association for utility vehicles ASTAG and the world of road transport have their big appearance from 27 June to 10 July 2011 in the Swiss museum of transportation in Luc...
- First Stena Line Challenge finished in Kiel (Germany)
The first Stena Line Challenge finished in Kiel on 4 July 2011. In the 14 days the 10 teams drove 1,800 km through Sweden's beautiful summer landscapes. There were many interesting...
- GEFCO Baltikum opens branch in Lithuania
To strengthen their presence in the strategically important region and to continue the expansion of their international network, GEFCO Baltikum put into operation a location in Vil...
- New Zealand's Government announced USD 17 billion infrastructure plan
The Government in New Zealand has released a new, revised infrastructural plan which shows it will invest USD 17 billion in infrastructure over the next four years. USD 6.5 billion...
- Dirk Steffes new Board Director for Sales & Marketing at TX Logistik
Dirk Steffes (43) as of 8 August 2011 will take over as Board Director for Sales & Marketing at TX Logistik AG, a private rail road traffic company founded in 1999, which, sinc...
- Vessel lay ups are the way forward to provide a much needed correction
Regarding the Drewry's quarterly Container Forecaster, the container industry is in dire need of a correction on the supply side and even the realisation of a decent peak season de...
- KLM operates first scheduled flight on biokerosene
KLM Royal Dutch Airlines became the first airline in the world to operate a commercial flight on biokerosene. Flight KL1233 - a Boeing 737-800 - recently took off from Schiphol bou...
- Azerbaijan and Georgia signed an agreement for road project
Azerbaijan and Georgia have signed an agreement on principles and conditions of financing , projecting, construction, rehabilitation/reconstruction and exploitation of Georgian sec...
- Toyota plans to acquire a 50% stake in a truck and bus assembly firm in Kenya
Toyota Corporation plans to acquire a 50 per cent stake in a local truck and bus assembly firm, as it seeks to position itself as the top seller of new vehicles in the country by e...
- DB Schenker Rail UK wins award
DB Schenker Rail UK is named 'Most Sustainable Transporter' by the International Produce Limited (IPL), a logistics supplier to Walmart. DB Schenker Rail UK won the award for deliv...
- Free flowing traffic between Germany and Denmark
The German-Danish traffic is running as usual between the ports of Rødby and Gedser. "In accordance with European legislation there have always been "random checks" in our Danish p...
- Swissport corporate headquarters and station Zurich registered as ISAGO providers
Swissport International, the world's leading provider of ground services to the aviation sector, has been awarded the IATA Safety Audit for Ground Operations (ISAGO) certificate fo...
- Deutsche Post DHL sell courier and express business in China
The German Deutsche Post DHL is withdrawing from the loss making domestic Chineses courier and express business. The future focus of the company will be on international shipments....
- DB Schenker Logistics with new subsidiary in Iceland
DB Schenker Logistics recently opened its own office in Reykjavik, Iceland. Prior to this, customers relied on the service of a partner. The new Iceland subsidiary now represents t...
- Geodis Wilson opens new distribution centre in Jebel Ali
Global forwarder and logistics service provider Geodis Wilson is opening an 8,500 sqm distribution centre in Jebel Ali South within the free zone of Dubai. It marks a strategic ste...
- Van Seumeren family leaving Mammoet
The van Seumeren family is selling its stake in international heavy lifting and transport specialist Mammoet and leaving the company. Roderik van Seumeren, President and CEO, Jan v...
|JULY 7, 2011|
- Port of Tacoma unveils new Richard C. "Dick" Gilmur kayak launch
- Top Ships announces sale of Panamax drybulk vessel
- Hamburg Sud christens new 7,100teu container ship
- Port of Camas-Washougal nets $200,000 planning grant
- Braemar analysis finds glut in VLCC tonnage
|JULY 7, 2011|
- Enigma of Indian ore
The nation's protectionist impulse will keep hobbling its iron ore trades
- Japan LNG imports dwarf South Korea
As it demands more, Japan pays a higher price for its LNG from Qatar
- Transatlantic cargoes dry up on US holiday
Charter rates drop on northwest Europe to US Atlantic coast route
- Balance of power shifting between ports, box lines and feeders
With deepsea vessel sizes on the increase, transhipment operations are also on the rise, highlighting the tension between the competing needs of mother vessels and feederships
- China's ore thirst keeps Australia and Brazil busy
Global capesize and VLOC fleet finds growing employment on busy trade routes
- CSAV suspends third service in three weeks to shrink fleet
Breaking of North American link to Latin America follows suspension of transpacific and Asia-Mediterranean voyages
- Novatek expands in Russian Arctic
Russian gas producer is also talking up plans to export liquefied natural gas via the Northern shipping route
- Shell makes push into Alaska region
Dutch oil major has applied to US regulators to drill six wells in the Chukchi Sea, and an additional four wells at the adjacent Beufort Sea
- Norwegian drillers march north to untapped Arctic
Potential for the Arctic is huge, with an estimated possible undiscovered oil resources at 412bn barrels of oil equivalent
- Strength before surplus
P&I clubs are mutual and their purpose is to provide a cost-effective service, not a profit
- The media revolution is not over yet
The media revolution is not over yet, and there is still a great deal to be said for the anti-social media
- Brillante Virtuoso blaze under control
Suezmax was 20 miles from the Port of Aden when the fire was thought to have been started by RPG fire during a pirate attack
- Brussels' modal split plan 'too rigid'
Rotterdam port wants policymakers to halve the proposed 300 km minimum distance from ports as trigger point for funding to promote modal shift
- Liverpool cruise terminal edges closer to winning go-ahead for turnarounds
Shipping minister orders consultation, but says curbs could be lifted if city council repays $9m of public subsidies
- Virtually there
Shipowners' suspicions over the balance of power in Virtual Arrival will fade once the promise of savings becomes a reality
- Tax-friendly regimes threaten UK shipping
Changes to rules over non-domiciles should help keep nation competitive
- Coating could cut fuel costs by 20%
Report on eve of MEPC shows how simple solutions have potential to reduce CO2 emissions
- YSC victim of drop in intra-Asia freight rates
Korean container line was also awash with debt and could not avoid bankruptcy
- Bulker pair prepare for Arctic route to China
Two 32-year-old Russian vessels are part of Eurochem's plans to increase iron ore cargoes to Far East
- Stolt Tankers slips on bunker fuel costs
Chemical tanker recovery looks unlikely until 2013
- Deme arm takes Beluga's 50% share in windfarm services provider Hochtief
New venture to build and operate dynamically positioned offshore jack-up vessels
- Big offshore deals pump up volumes of syndicated loans
Syndicated lending to shipping hits $28bn in first half of 2011
- Stick to ships, not chips
STX's potential bid for memorychip maker Hynix is seen by the market as a bad idea
- Southampton set for strike
Managers deny action by health workers over council pay cuts will make port 'suffer badly'
|JULY 7, 2011|
- Berlin limits shipping aid
GERMAN shipowners have warned that the government's cuts to maritime spending will hurt the country's flag
- Liverpool seeks to end cruise limits
BRITAIN'S government is considering allowing cruises to start and finish their voyages at Liverpool's City Cruise Terminal
- Nigeria oil theft warned
A REPORT today warned of the increased threat of ship-to-ship oil theft off the Niger Delta
- Kuwait port angers Iraq
IRAQ HAS called on Kuwait to cease construction of its Mubarak port, warning that the project will lead to an "economic war", IHS Global Insight reported today
- CSAV services squeezed
CHILEAN liner CSAV has pulled the plug on its third service in less than a month, halting its NACSA service along the Americas' Pacific coast
- Baltic cruise concerns raised
A LOOMING IMO committee decision could compel cruise lines to pull ships from Baltic ports, a high-level industry source has told Fairplay
- Evergreen bides time on ULCSs
TAIWAN'S Evergreen has told Fairplay that it won't be following other major carriers by ordering container ships of 10,000teu and larger
- Manila port project delay rejected
THE PHILIPPINE government has rejected a request by the new operator of Manila North Harbour to extend the deadline for its modernisation of the facility
- London Club records surplus
LONDON P&I Club has recorded a surplus of $3.6M for 2010/ 2011. This lifted free reserves to $145.1M - which is a record in its 145-year history
- Tanger Med throughput rockets
FIRST-half traffic through the Moroco's Tanger Med soared by 82% year on year to 16.3M tonnes following container growth and the transfer of ro-ro services to the port
- Stolt-Nielsen profits jump
OSLO-listed Stolt-Nielsen has posted a rise in net profits for the quarter ended 31 May, despite losses from its chemical tanker business
- Intra-Asia MR rates rise
INCREASED chartering activity by oil majors has strengthened intra-Asia MR rates this week, while eastbound LR1 and LR2 rates have softened
- Hanjin seeks $150M from bond issue
SOUTH Korea's Hanjin Shipping is hoping to raise at least $150M from issued convertible bonds carrying interest of 3.5-4%
- SSA questions armed guards use
THE SINGAPORE Shipping Association and the Asian Shipowners' Forum will raise concerns with the UN about the use of armed guards to protect ships from pirates, Fairplay has been told
- DnB NOR tops loan ranks
DNB NOR was the largest bookrunner of syndicated marine finance loans in 1H11, according to the latest Dealogic league tables
|JULY 7, 2011|
- CSAV Raises $430 Million in Capital
Chilean carrier CSAV has raised $430 million of $500 million in additional capital from shareholders, and expects the rest to...
- Democrats Decry 'Fantasy' Transportation Financing
Democrats wasted no time Thursday in denouncing House Transportation and Infrastructure Committee Chairman John Mica's scaled-down plan for transportation spending....
- House GOP Offers $210 Billion Transport Bill
House Republicans on Thursday unveiled a $210 billion, six-year surface transportation bill they said could be leveraged to $450 billion,...
- AFL to Sail First Ship Friday
Startup carrier American Feeder Lines' first ship will depart Halifax, Nova Scotia, on Friday to begin a service its backers...
- Industrial Shippers Petition STB For Rail Access
The National Industrial Transportation League has asked the Surface Transportation Board to order competitive switching of cargoes to a second...
- Freight Index Reaches Three-Year High
The Cass Freight Index for U.S. shipping reached its highest level in three years in June, growing 4.9 percent from...
- Carrier Alliance to Suspend Some Trans-Pacific Service
Ocean carriers in the New World Alliance will suspend a trans-Pacific service this month due to slowing demand for retail...
- STB Slashes Rail Shipper Dispute Filing Fees
The regulator of economic disputes between railroads and their freight shippers has slashed its filing fee structure, meaning rail customers...
- Indian Port Trucker Strike Ends
A five-day-old trucker strike at India's Vallarpadam International Container Transshipment Terminal ended late Wednesday following talks between union leaders and...
- Temasek Profit Soars
Temasek Holdings, the Singapore government-owned sovereign wealth fund, rode higher contributions from portfolio companies that include Neptune Orient Lines, PSA...
- House Democrat Targets Mexican Trucking Program
Rep. Peter DeFazio, D-Ore., is trying to set limits on the Obama administration's cross-border trucking program with Mexico. DeFazio...
- CMA CGM Starts Fifth Belgium-Germany Rail Shuttle
CMA CGM has started providing intermodal rail service between the Belgian port of Zeebrugge and the tri-modal hub in Duisburg,...
- CSX, KCS Announce Execute Staff Additions, Moves
CSX Transportation and Kansas City Southern, two of the seven largest freight railroads in North America, announced several executive staff...
- Eimskip Expands Iceland-North America Service
Eimskip is expanding its Iceland-North America container service with the addition of a second vessel to keep pace with an...
- Japan's Food Exports Tumble 16.6 Percent
Japan's exports of agricultural, fishery and forestry products fell for the second straight month in May on a year-over-year basis,...
- Hanjin Raises $150 Million in Bond Sale
Hanjin Shipping raised $150 million Wednesday from the sale of five-year convertible bonds that it plans to use for general...
- Republicans, Dems Blast GOP Transport Plan
Two House Republicans joined Democrats Thursday in denouncing a transportation spending plan from House Transportation and Infrastructure Committee Chairman John...
|JULY 7, 2011|
- CSAV culls another service
- EC vow to break the 'oligopoly' of ratings agencies
- CMA CGM aims for rate restoration
- PSA awarded box terminal concession at Dammam
- Balanced transatlantic moves on up
|JULY 7, 2011|
- Zim lifts rates
Israeli liner giant fires back at "unsustainable rate levels" with general increase across South American trade lane.
- CSAV chops loop
Chilean liner operator pulls plug on another run as containership market hits the skids.
- Rem ties up two
Oslo-listed offshore owner poised to pocket $19m from fresh batch of support contracts.
- Teekay talks conversion
Surge in windfarm work may have carved a new niche for shipowner's ageing shuttle tankers, insider says.
- SCF storms offshore arena
Russian tanker powerhouse enters first phase of raid on offshore sector in race to cash in on rising demand.
- Dock fraud claim rejected
Appeal judges scathing over insurer's allegations to try to escape liability for loss of floating dock in tropical storm.
- Tanker blaze under control
Salvage vessels continue fight to save laden Greek controlled suezmax set alight in pirate RPG attack.
- IHB selling bonds
Bulgarian shipyard group to redeem 2008 issue with new debt sale.
- Hanjin raises $150m
Korean container line completes bond sale as it looks to fund newbuildings.
- One in four VLs a no show
VLCC newbuilding deliveries running 27% short of forecasts but oversupply still remains, Braemar says.
- Clipper four jailed
Danish owner's chief Per Gullestrup insists individual employees were to blame for tax evasion, not company.
- Stolt pushes up profit
Losses from its tanker fleet prove no obstacle as Oslo-listed owner posts improved bottom line.
- PSV orders set new record
Second quarter flood of contracts for larger platform supply vessels sets new high water mark, says Carnegie.
- Phoon shuns armed guards
Use of armed security teams is a trend new Singapore Shipping Association president Patrick Phoon is unhappy with.
|JULY 7, 2011|
- Mexico to lift retaliatory duties
- CSAV drops another service
Chilean liner carrier CSAV said Wednesday it is suspending another ocean service, the third to be dropped by the line in recent weeks. This time, it's the carrier's NACSA service between Mexico and the U.S. West Coast, a loop the carrier created i...
- CMA CGM adds rate hikes, peak season charge
CMA CGM said Wednesday it will seek increased rates on a host of trades, while reiterating the implementation of a peak season surcharge on the eastbound transpacific trade. The proposed increases are: From Mediterranean and Black Sea ports to t...
- Pirate shots ignites tanker
Fears that piracy off the Horn of Africa could lead to an environmental disaster came a bit closer to reality Wednesday when the crew of the Liberian-flagged supertankerBrilliante Virtuosoabandoned ship to escape a fire in the superstructure that b...
- Maersk raises West Africa congestion surcharges
Maersk is raising congestion surcharges at some West African ports. The changes differ widely, but for cargo originating in North America the surcharge will increase to $80 from $65 in Conkaray, Guinea for a 20-foot container and to $450 from $125 ...
- OOCL's new ship goes into China/Mideast
OOCL's new ship goes into China/Mideast OOCL's new ship goes into China/Mideast Liner carrier OOCL has taken delivery of a new 8,888-TEU vessel from Hudong-Zhonghua Shipbuilding in Shanghai. TheOOCL Canadais the second in a series of eight such ve...
- Cargoitalia spreads wings in West Africa
Lome, Togo-based Africa West Cargo has awarded Italian all-cargo airline Cargoitalia with a weekly ACMI (aircraft, crew, maintenance and insurance) program to provide a European link to its network via its main hub. The contract runs until further ...
- TNT Post Italia in deal with retailer
TNT Post Italia, a subsidiary of PostNL and the largest private operator in the Italian postal market, said it has entered a deal with the office supply chain Buffetti Group, that will allow customers to pick up TNT Post registered mail from Buffet...
- U.S. Mexico sign cross border truck pact
U.S. Transportation Secretary Ray LaHood and Mexico Secretary of Transportation and Communications Dionisio Arturo Pèrez-Jàcome Friscionesigned agreements on Wednesdayresolving the dispute over long-haul, cross-border trucking services between the...
- ABF joins UPS with early rate increase
Less-than-truckload carrier ABF Freight System announced a 6.9 percent general rate increase effective July 25. The pricing announcement comes on the heels of last week's news that competitor UPS Freight is implementing a similar rate increase for...
|JULY 7, 2011|
- Terminal expansion completed
New capacity will help meet growing regional demand, says Fujairah player.
- Fujairah prices firm
Suez bunker market rise.
- Bunker markets firm
Ongoing congestion at Rotterdam loading installations.
- Russian supplier preparing return to Kerch
New time chartered barge to service area.
- Bunker anchorage: Minister calls for public debate
Decision will only be taken after full discussion, says Gibraltar official.
- New trainee for Dan-Bunkering
Latest appointment is trainee for its account department.
- High catfines triggers Boston fuel warning
Three deliveries in late June had 'exceptionally high numbers' says Viswa Lab.
- Asian bunker prices on uptrend
Demand sluggish at key Asian bunker hubs on Wednesday.
- Bunker demand drops at Pakistani ports
Vessels are prohibited to bunker at anchorage due to rough seas during monsoon season.
- Sinopec monthly bunker sales reach 400,000 mt
Half of volume sold in the bonded bunker market, says company.
- GS Caltex to export 'excess' bunker fuel oil
Refiner offering two parcels including one 380 cSt bunker fuel oil cargo for July loading.
- South Korean bunker volumes 'ample' in July
But players expect weak demand.