|SEPTEMBER 9, 2011|
- Car carriers support Japanese shipping lines
Toyota Motor Corp and Nissan Motor Co's efforts to make up production lost after Japan's March 11 earthquake will benefit local shipping lines suffering from lower rates for hauling commodities and containers.
- Rise in bookings fails to lift freight rates
An increase in supertanker bookings for shipping Middle East crude oil to Asia, the world's busiest route for supertankers, failed to lift freight rates due to a glut of ships, Marex Spectron Pte said in an e-mailed report.
|SEPTEMBER 9, 2011|
- Wan Hai, Interasia launch intra-Asia Japan-Singapore NS3 Service
- S&P downgrades CMA CGM, reflecting decline in value of carrier's bonds
- NYK joins CMA CGM, Hanjin in debt market - issues US$325 million in bonds
- US west coast July box volume off 3pc, but outlook stays positive
- US regulator demands seven months more to investigate quasi conferences
- WTO rejects China's appeal against US 3-year 'safeguard' tyre duties
- DP World, Cochin Port closer to cabotage exemption for Vallarpadam
- South Xinjiang sees growth in both trade volume and value in first half
- Shanxi's railway volume up 8.7pc in first half to 26,824 tonnes
- New South Wales to privatise Port Botany container port on 99-year lease
- First half Hamburg-Poland container volume up 38pc to 114,000 TEU
- Agility and Nokia join to make global supply chain cheaper and faster
- Teamsters sue to stop Mexican truckers over eco-fuel lack, poor eyesight
- Shipper-carrier debate heats up on banning transpac antitrust immunity
- Hong Kong airport master plan consultation ends, green concerns noted
- Atlanta cargo flights increase 40pc since January - adding 24 a month
- Asiana Cargo starts flights from Oregon to Japan, Korea and China
- FedEx opens biggest station at Shanghai Pudong, covers 5,140 square metres
- American Airlines Cargo offers upgraded cold-chain service for critical shipments
|SEPTEMBER 9, 2011|
- Capesize hire rates surge
- Number of idle boxships rises above 100: Report
- Spices exports climb 22 pc
- APM Terminals Mumbai celebrates productivity record on Wan Hai vessel
- New Mangalore Port stevedores seek MoS' help on rental issue
- Ficci survey shows corporate Indias confidence low
- Set up open Libor-linked forex loan facility, Fieo tells RBI
- Applying Newton's law to your investment portfolio
- Performance Analysis of EPC SRTEPC holds 57th Annual General Meeting in Mumbai
|SEPTEMBER 8, 2011|
- Myanmar to promote civil aviation industry
The Southeast Asian country Myanmar is planning to privatise all domestic airport management businesses, to promote the country's civil aviation industry. 32 of the nation's 69 air...
- Increasing toll revenue on India's highways
Revenue collection at toll barriers on India's national highways has increased continuously over the last three years, by 104% to INR 55.16 billion (about EUR 833 million), accordi...
- New international connections improve services for South Australia
New Cathay Pacific nonstop flights from Adelaide to Hong Kong will open up faster international connections to Asian and North American destinations. Adelaide airport's managing di...
- AA Cargo expands options for pharmaceuticals shippers
American Airlines Cargo has expanded its cold-chain service ExpediteTC, to include a new solution for the requirements of cold packaging during transit. The new solution, called Ex...
- KOCH-International with new groupage container traffic
KOCH-International with new groupage container traffic KOCH-International, a medium-sized German provider of logistical services and network partnerships, now offers weekly groupag...
- South Africa's NiDa Transport orders 200 Volvo lorries
The South African company NiDa Transport has placed an order for 200 Volvo FMX lorries, with a view to ordering 50 additional units, as Volvo Trucks has announced. The lorries orde...
- Dr Malchow named professor at Bremen university
The maritime shipping and nautical affairs department of the Bremen University of Applied Sciences has received personnel reinforcement with the appointment of Dr Ulrich Malchow as...
- Vale in negotiations with Cosco?
The Brazilian mining company Vale seems to be negotiating with Chinese shipping companies on them taking a role in Vale's new freight vessel fleet. This was reported yesterday by R...
- New container terminal planned in Indonesia
A consortium led by PT Pelabuhan Indonesia Pelindo II plans to build a new container terminal in Sorong in West Papua. Five shipping lines - Salam Pacific Indonesia Line, Samudera ...
- Surge in traffic between port of Hamburg and Poland
In the first half of 2011, seaborne container traffic between Hamburg and Poland saw a significant surge of 38% to 114,000 teu. In this context, imports and exports from/to Poland ...
- SBB Cargo reduces deficit substantially
SBB Cargo reduced its deficit by 86% to CHF 7.2 million in the first six months of 2011 (same period 2010: CHF -49.5 million), thanks to improved productivity and major one-off eff...
- GLS opens new depot in Belgium
Construction work on the first green depot in Belgium recently began in Puurs. The site is simultaneously being switched to a new traffic organisation. The parcel service provider ...
- Gefco opens new branch in Upper Austria
The French transport and logistics group is continuing its expansion in Austria and establishing a branch in Vorchdorf, Upper Austria. Gefco is taking over the forwarding activitie...
- JCL Logistics opens subsidiary in Romania
The Graz-based Austrian enterprise JCL Logistics is extending its network and will now be represented with a subsidiary in Romania. JCL can now offer high-level, innovative custome...
|SEPTEMBER 8, 2011|
- STX Finland to complete and outfit two well intervention vessels
- Wärtsilä and Shell plan to expand LNG marine fuel efforts
- DCNS partners with KND to build patrol vessels in South Africa
- New WISTA chapter to meet on Seattle Maritime Academy training vessel
- TBS International reaches agreement with lenders
- BAE San Diego Ship Repair gets $12 million more for LPD PMA
|SEPTEMBER 8, 2011|
- Port of Vancouver, USA welcomes Maiden Voyage vessel
- Boeing predicts China will need 5,000 new commercial aircraft
- Evergreen earns award from Sears Holding Corp.
- Commerce Department report finds US exports jumped 3.6 percent in July
- Port of Everett offers options on possible change of boundaries
|SEPTEMBER 8, 2011|
- Global cellular fleet to grow 20% in a year
Lloyd's List Intelligence reveals economies of scale behind many orders
- Bunker traders blighted by tight credit
Limited access to easy credit means bunker traders have fewer tonnes of fuel oil on the water
- Fuel now, pay later under threat
The use of credit to fund the bunkering business is becoming expensive
- It is ship recycling now, not 'breaking'
A gap between perception and reality is obscuring the true scale of the re-use of ships at the ends of their lives
- Killing the elderly to save the rich
Senior executives in the larger companies are calling for a cull of older vessels, but are their reasons justifiable?
- Russia's Arctic waters return to top of the agenda
Deal between ExxonMobil and Rosneft for mapping and exploring in the Kara Sea follows tanker voyages through the ice to Thailand
- ExxonMobil and Rosneft seal $3.2bn Kara Sea and Black Sea deal
Russian oil and gas company to have access to US company's Gulf of Mexico holdings
- Harsh environment rigs catch financiers' attention
Move to exploit the Russian Arctic means suitable equipment commands premium earning power
- HSH Nordbank bid to uncover details of Omega move out of Glencore deal
Legal sources describe bank's move as 'much ado about nothing'
- MR tankers ballasting across Atlantic due to lack of cargo on benchmark route
Owners only making enough money to cover operating costs on US Gulf to Europe backhaul trade lane, say brokers
- Transpacific box rates tumble
Peak season comes to an early end
- 'Carnage' forecast for LNG shipping market
Delays to production projects will leave new vessels without employment
- Russian society promises prompt service to Greek owners stranded by probe
Number of vessels affected reaches 34 but about 60 could come under scrutiny
- Shipping companies must find alternative funding, says lender
Deutsche Schiffsbank chief predicts even German KG market could reinvent its role
- Box trades in broad balance
North-south volume growth offsets weak east-west flows
- Suezmaxes lead slow steaming
Mid-sized crude carrier speeds decline almost 9% since February to 12.4 knots
- Supramax market stand-off continues
Chartering activity is subdued as shipowners aim for unrealistically high rates
- US Bill calls for navy to charge for protection
Congressmen wants flag states to pay their way
- Call for ports to issue guidelines on armed guards
Port authorities must make use of guards viable
- Shipping singled out in call for boost to US security
'Limited progress' made implementing box scans for nuclear materials, says audit report
- Slow steaming VLCCs can save $16,000 a day
Fleet speeds have reduced 7% since February and is reason limited lay-ups reported
- UK unveils conservation zones plan
Proposal shortlists 127 sea areas to be protected from harmful effects of shipping and offshore
- Kallas unveils port services initiative
Controversial proposals designed to cut red tape
- First hulks removed from Piraeus passenger port
Veteran ferries have remained tied up for two years since owners' collapse
- CMA CGM, like others, will continue to be a slave to vagaries of the market
Not until long-term contracts are the norm will shipping achieve stability
- Chartworld confirms kamsarmax project at SWS
Greek owner aims to renew but is 'in no hurry'
- P&O to put European Seaway into lay-up as arrival of larger ferry looms
Super ro-ros are already replacing Spirit of Dover and Pride of Dover
- Rotterdam port partially closed off after gas leak
Police expect to re-open area today
- Tankers analysis: They can dress the market up but for many it still looks awful out there
Even if a recovery does come about in late 2012 there is still a year of gloom ahead
- Time running out for some shipping firms as credit tightens further
Banks have preferred to shun forced vessel sales but as conditions worsen, it may be only option
|SEPTEMBER 8, 2011|
- Union dockers block grain train in Longview
DOCKERS have tried to block the first shipment of grain to a new EGT-owned export terminal in Washington state
- Richards Bay cargoes jump
CARGOES of coal from South Africa's Richards Bay Coal Terminal totalled 6.99M tonnes in August, an increase of 60% from July, IHS McCloskey reported today
- Greek imports plummet
PIRAEUS said today vehicle transhipments revved up 25% year on year from January to August - but vehicle imports dropped 45% at Greece's largest port
- OECD warns of 2H gloom
SHIPOWNERS and box carriers were given more depressing news today, as OECD published its latest economic outlook
- Sloman restarting Libya calls
GERMAN carrier Sloman Neptun is the latest company to announce that it will restart liner services into Libya, its UK agent Cory Brothers said
- Factors listed in seafarer's death
INSUFFICIENT manpower and "poor" seamanship practices were the main causes of a seafarer death in Scotland earlier this year, a Marine Accident Investigation Branch report said today
- EC transport tsar to focus on port snarls
EC TRANPORT commissioner Siim Kallas pledged today to address delays in port schemes in proposals to be presented by the full commission in 2013
- Greek-Russian document scandal strands islanders
GREEK islands have reportedly been left without ferry links in the continuing Greek-Russian false document scandal
- Secondhand tanker values dive
THE SALE of a 1999-built Suezmax early this week suggests a narrowing gap in values of secondhand VLCCs and Suezmaxes amid freight market deterioration, brokers told Fairplay today
- Curbs boosting demand for LNG bunkering
GLOBAL LNG bunkering could hit 65M tonnes per year by 2030, IHS CERA predicted today
- Offshore jitters grip market
STOCKS of Singapore rig builders Keppel and Sembcorp Marine dropped today after analysts advised caution amid looming economic uncertainty
- Capesizes drop on FFA selling
BROKERS told Fairplay today Capesize bulker rates are dropping on concerted selling in the FFA market
- TBS wins new grace period
BANKERS of perennially embattled TBS International have agreed for a second time to forsake debt principal repayments
|SEPTEMBER 8, 2011|
- Cargo Starts Moving Through Tripoli, Benghazi Ports
Security conditions at Libya's ports of Tripoli and Benghazi have stabilized, aside from celebratory gunfire at the capital, allowing international...
- Marad To Hold Panama Canal Expansion Forums
The Maritime Administration is scheduling public meetings later this month to discuss how the opening of the expanded Panama Canal...
- Teamster Candidates Debate, Without Hoffa
Candidates for top office in the Teamsters union battled over the fate of multiemployer pension plans, jobs and organizing and...
- Mitsui Acquires Portek For $179 Million
Major Japanese trading house Mitsui & Co. said on Thursday it completed a tender offer as part of a $179...
- Senate Panel Passes Highway Bill Extension
The Senate Environment and Public Works Committee voted Thursday to extend surface transportation programs through Jan. 31, 2012, a first...
- Bulk Rail Traffic Hits 22-Week High
Bulk freight shipments on major North American railroads rose 1.4 percent last week to the highest level since April 2,...
- US Transport Security Improvements Since 9/11
The terrorists attacks of September 11 forced the U.S. government to take a closer look at not only the security...
- ILWU Protest Closes Ports of Seattle, Tacoma
ILWU protestors clash with police near a controversial grain terminal in Longview, Wash. The International Longshore and Warehouse...
- Trans-Pacific Benchmark Rate Drops 11 Percent
The average spot rate for shipping a container from China to the U.S. West Coast fell 11 percent in the...
- Swift Fails to Block Class-Action Suit
The Arizona Supreme Court cleared the way for a driver lawsuit against Swift Transportation that could have big ramifications for...
- Moody's Downgrades CMA CGM Outlook
Moody's downgraded CMA CGM a day after Standard & Poors lowered its credit rating for the French ocean container carrier,...
- Cooling-Off Period Starts for Most US Rail Labor
A cooling-off period that starts today could soon lead to presidential intervention in contract disputes between 11 national rail unions...
- Lufthansa Cargo Charter Expands in Canada
Lufthansa Cargo Charter boosted its presence in North America by signing an agreement with Airline Network Services, a U.S.-based general...
- US Exports Hit Record High, Imports Fall
A surge in July sales of American motor vehicles, industrial equipment and aircraft pushed U.S. exports up 3.7 percent to...
- FedEx Considers Orders for 50 Freighters
FedEx is mulling buying up to 50 widebody freighters from Boeing and Airbus to update its aging fleet, according to...
- OOCL Reduces Emerging Market Currency Risk
OOCL is minimizing the accumulation of currencies in emerging markets to reduce its foreign-exchange risks, because hedging costs are higher...
- Somali Pirates Free MSC Panama
Somali pirates released the MSC Panama container ship this week after reportedly receiving a $7 million ransom for the vessel,...
- Irene Cost CSX $10 Million to $15 million
Hurricane Irene cost the CSX about $10 million to $15 million in damage and lost business but the railroad expects...
- Wal-Mart Expects 'Flatter' Peak Season
Wal-Mart is "guardedly optimistic" about the rest of 2011 but sees a trend toward a "flatter" peak season for holiday...
- Shippers Say Rail Service Deteriorating
Rail service has slipped because of bad weather and cost-cutting that have left railroads without enough train crews to operate...
|SEPTEMBER 8, 2011|
- Zim, Coscon and Orsero to take over Agrexco service
- CMA CGM suspends Halifax service
- MSC box ship freed by pirates
- TSA hits back at criticism of index
- Evergreen rewarded for loyalty
|SEPTEMBER 8, 2011|
- CWC pens RCCL alliance
China World Cruises gets ready to splash cash on Royal Caribbean time charter in a bid to boost business in Xiamen.
- Docker dispute erupts
Riot police target International Longshore & Warehouse Union as protest blocks grain train to STX Pan Ocean terminal.
- Ezra could net $100m
Lionel Lee-led offshore owner could bag a nine figure sum from securities issue, OCBC says.
- Floatel torches ticker
Swedish offshore accommodation contractor gears up for delisting as it closes in on merger.
- Brokers fear price plunge
Value of a VLCC newbuilding could soon sink to just $90m, brokers warn.
- STX Finland lands duo
Norway's Eide Marine paying more than EUR 300m for two well-intervention ships at Rauma yard.
- Iceberg 1 not aground
Hijacked vessel's owner contradicts report that cargoship has drifted ashore in Somalia.
- Wan Hai profit slashed
Taiwanese boxship owner sees costs rise above revenues in first half of 2011.
- Port security failing
The tanker hijack within port limits brings demands for new security controls in territorial waters.
- George strengthens hold
Greek magnate sees stake in Nasdaq-listed DryShips boosted with the aid of stock dividend.
- K Line plots sales
Japanese owner linked to offloading of bulkers and LNG carriers in bid to boost profit.
- Brazil petrol imports rise
An Atlantic clean tanker boost is expected after Brazilian biofuel policy changes.
- Go Marine deal boosts Otto
Singapore-listed offshore group says sale of AHTS newbuilding to Australian owner will help spur its bottom line.
- "Poor practices" blamed
UK report says manpower insufficient on BMC cargoship after seafarer crushed by mooring wire.
- Hurricane theory blown
Storm season no longer offers a push for the products tanker market, says RS Platou Markets.
|SEPTEMBER 8, 2011|
- Report: $100 billion
- FMC tells TSA, WTSA to continue filing reports
The U.S. Federal Maritime Commissionhas ordered the Transpacific Stabilization Agreement and the Westbound Transpacific Stabilization Agreementto continue to file verbatim transcripts of selected meetings through April 30, 2012. The FMC first orde...
- Container lessor sees expanding role
The head of the world's largest container leasing company said Wednesday he expects shipping companies to start adding containers to their fleets next year, with many relying heavily on leasing companies for new equipment. John Maccarone, preside...
- TBS says banks grant forbearance
Breakbulk and bulk ship operator TBS International said Wednesday its lenders have agreed to let it not make principal payments due on loans from Sept. 30 to Dec. 15. "During this forbearance period, the company and its various lender groups will n...
- MSC to raise U.S.-to-South America rates
Liner carrier Mediterranean Shipping Co. said this week it plans to hike rates on shipments from the United States to the West Coast of South America. The increases are: - $250 per 20-foot container and $500 per 40-foot container from U.S. East an...
- CMA CGM refutes default worries
French liner carrier CMA CGM has refuted reports earlier this week fromBloombergthat the line is in imminent danger of defaulting on its loan obligations. The newswire's report, based on figures from its in-house Bloomberg Bond Trader service, cal...
- MSC to transship North Europe/Oceania cargo
Mediterranean Shipping Co. said this week it will alter the way it serves the North Europe-to-Australia trade by transshipping in the Mediterranean instead of providing direct service. MSC will truncate its existing Australia/Europe service, which ...
- Evergreen joins MCC in Southeast Asia
Evergreen Line is joining an MCC Transport service between Malaysia and Indonesia, the lines confirmed this week. Evergreen will provide one of two vessels on MCC's INA4 service, which Evergreen will call IN4. The service rotation will be expanded ...
- MarAd Panama Canal, marine highways workshops
The U.S. Maritime Administration has announced a series of public listening sessions and workshops related to the expansion of the Panama Canal and the U.S. marine highway program. The meetings serve as a forum for the maritime industry to present...
- DHL signs for 3 Southern Air B777 freighters
DHL will add three Boeing 777 freighters, through an agreement with Southern Air Holdings, that will expand the integrated carrier's capacity and boost transit times along key growing trade routes between the Americas, Asia and the Middle East. Th...
|SEPTEMBER 8, 2011|
- Prices rise in Fujairah
Cape Town deliveries available for supply up to and including September 22.
- Bunker prices firm in Rotterdam
Customs have announced strikes for the September 12-13 in Piraeus.
- Wartsila and Shell to 'promote' LNG bunker fuel
Companies to work together to 'enhance LNG's rapid introduction and use.'
- Cockett expands French port coverage
Company has been given approval to supply in the ports of Dieppe and Rouen.
- Fuel oil stocks fall in Singapore
Arbitrage window 'remains shut'.
- NGOs call for $25 per tonne levy on bunkers
Urge adoption of measure at UN climate change talks in Durban to contribute to $100 billion Green Climate Fund.
- Bunker consumption could be 'cut by a third'
Next generation of containerships will be more efficient and environmentally friendly, says Germanischer Lloyd.
- Gulf Petrochem to set up bunkering desk in Singapore
'We will start fuel oil and distillates trading as well as bunkering out of Singapore,' says CEO.
- Asian bunker prices firm up
Average bunker enquiries at key Asian bunkering hubs.
- Increase in number of bunker disputes, says lawyer
Observes a 'growing trend' of major bunker suppliers asking for cash in advance.
- Singapore's bunker market to see 'increased consolidation'
Supply chain 'is starved of cash', says O.W. Bunker Global Sales Director.
- Bunker players must respond to demands for sustainability
Capability to deliver cleaner marine fuels among 'new challenges' faced by the bunkering industry, says Maersk Line executive.
- Brightoil to post increase in annual net profit
Partly due to a 'significant' increase in revenues from bunker sales, says company chairman.