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| DECEMBER 9, 2011 |
Shipping News
- First of Vale's mega ships heads for Asia
One of Brazilian mining giant Vale's huge iron ore carriers, the world's biggest, will arrive fully-loaded in Asia for the first time next week with a stop in Singapore, according to Reuters Freightviews data.
- Shanghai indexes to challenge Baltic's
Shanghai Shipping Exchange, based in China's busiest port, will introduce indexes tracking international dry-bulk and oil-tanker rates next year as it challenges London's 267-year-old Baltic Exchange. The Chinese bourse plans to begin trading of derivatives tied to those indexes in May or June, Yu Jun, president of Shanghai Shipping Freight Exchange, said on Wednesday. The products will track shipments to China from Brazil, Australia and the Middle East, he said in Shanghai.
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| DECEMBER 9, 2011 |
- CMA CGM reorganises Asia-north Europe loops in light of MSC alliance
- Shanghai Shipping Exchange chief: Asia-Europe rates hit by debt crisis
- Maersk, OOCL begin to cut Asia-Europe capacity as season slackens
- Yang Ming to order five 8,000-TEU ships, but divided on 16,000-TEUers
- Tangiers loses Maersk to Algeciras as transshipments become spotty
- China Transport Ministry sees lengthy downturn ahead for shipping market
- Asian shipping, logistics should join hands to seek growth: Vice Minister
- Roads get big share of spending as China 10-month box volume rises 12.6pc
- Insurer warns forwarders of risk in offering too much to cargo owners
- BIFA praises decision not to increase British fuel taxes in January
- Trans Siberian Railway's big dreams and schemes move closer to reality
- CEVA starts 30 new global reach LCL services in fourth quarter
- HK airport's AAT November cargo volume off 10pc, falling 5pc year to date
- Emirates SkyCargo launches weekly Dubai and Accra cargo flights
- Wells Fargo Bank Northwest finances Kalitta Air's first aircraft buy
- Peruvian former air cargo sales executive pleads guilty to price fixing
- Chennai airport to tighten exterior security with swipe system
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| DECEMBER 9, 2011 |
- Freight forwarders face increasing liabilities as global supply chain expands
- Need for policy impetus stressed
- Report projects container rates may climb following alliance
- India, Israel close to finalising FTA; trade to hit $ 15 billion
- India, Nepal petro pipeline project advances to next stage
- Rajeev Gupta is new MbPT Chairman
- Essar group plans to invest $ 4 bn towards infrastructure development
- Trade deficit with China hits $ 12.6-bn mark
- US third largest FDI in India, investment to grow further
- 'Main zindagi ka saath nibhata chala gaya...'- Great for your ears, terrible for your finances
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| DECEMBER 8, 2011 |
- MAI adds third weekly Myanmar-Guangzhou service
Myanmar Airways International (MAI) is adding a third weekly service to its Yangon-Guangzhou route. The Southeast Asian carrier operates Airbus A320s and A321s and has cargo agent...
- Fesco granted USD 100 million infrastructure loan
Fesco has signed an agreement with the EBRD for a USD 100 million loan to invest in the group's infrastructure. Fesco is developing the Vladivostok commercial sea port to accommod...
- Californian rail operator investing in safety
Engineering firm Parsons was recently selected by the Peninsula corridor joint powers board (PCJPB), which owns and operates commuter rail activities between San Francisco and San...
- Tibbett Logistics intermodal development on track in Romania
Tibbett Logistics, Romania's largest privately-owned contract logistics specialist, a part of the fast-growing UK-based Keswick Enterprises Group, has taken delivery of its first ...
- UK government supports greener vehicles for road hauliers
The UK government will encourage the country's road freight industry to buy and use low-emission medium and heavy goods vehicles (HGVs) in 2012 with funding of GBP 8 million (EUR ...
- U.S. Xpress adds vans and trucks to fleet
U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, recently expanded its fleet to include smaller capacity vehicles, including cargo ...
- L-3 introduces new air cargo screening systems
L-3 Security and Detection Systems (SDS), based in Woburn MA (USA), has added three new dual-view X-ray platforms to its air cargo screening portfolio for inspecting breakbulk fre...
- Geodis Wilson appoints retail and fashion director
Gilbert den Bekker has been Geodis Wilson's new retail and fashion market director since 1 December. Based in Paris (France) he oversees the development and expansion of the compa...
- New logistics director at SeD Logistique
Jérôme Libeskind has assumed the role of general logistics director at SeD Logistique in France. Libeskind was managing director and treasurer of Sogaris, a logistics property com...
- Port of Taranto analysing infrastructure potential
The Taranto port authority is calling for bids to analyse the port's infrastructure/intermodal system in a domestic and European context and to thus increase efficiency and the ab...
- GACAG urges US customs to work with industry
The air cargo industry and national regulatory authorities need to continue working together on pilot programmes to test the feasibility of and processes for advance electronic da...
- New site for Kühne Logistics University
The Kühne Logistics University (KLU) will remain in Hamburg's HafenCity. It will relocate to a 7,000 sqm site in today's SAP building am Grossen Grasbrook 17 as a tenant in 2013 an...
- Damco renews Kingfisher contract
The logistics and SCM service provider Damco has extended its partnership with Kingfisher, Europe's leading DIY group, and signed a new contract valid to 2014. The contract covers...
- TNT Express opens security command centre in Singapore
TNT Express has opened a new regional security command centre in Singapore. The facility will monitor trucks and goods moving on TNT's Asia road network, which connects Singapore ...
- FAA president resigns
Randy Babbitt has resigned his position of administrator of the USA's Federal Aviation Administration. Babbitt was a member of the FAA's advisory board under president Bill Clinton...
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| DECEMBER 8, 2011 |
- Innovative multipurpose emergency and rescue vessel to be built for Russian Ministry of Transport
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| DECEMBER 8, 2011 |
- Columbia Crossing bridge project nets Department of Transportation nod
- Foss tugs move Alaska drilling rig to safer waters during winter season
- Crowley awards scholarships to three USMMA cadets
- Machinist union Oks new contract with Boeing
- Carriers combining services in advance of slowdown period
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| DECEMBER 8, 2011 |
- Vale VLOCs' Chinese port approval 'is not a sprint, it is a marathon'
Head of iron ore says patience is key to securing permits to berth 400,000 dwt ships
- Vale's answers still beg questions
Senior executives were ready to answer questions at Vale's investor and press day in London, despite months of what seemed like dodging
- Diana Containerships poised to buy Hamburg Süd boxship pair
Cap San Lorenzo and Cap San Augustin subject to failed Euromar bid
- West Mediterranean box trades lead price drop
Price weakness reflects slow cargo growth
- EXCLUSIVE: Sovcomflot defies quarterly loss to press ahead with offshore plans
Company on course to make a profit this year and next
- LNG shipping rates quoted at $150,000 per day
Only one spot market ship available in the Atlantic
- Brazil soyabean exports boom
Weak US crop causes demand to shift to southern hemisphere out of season
- Pacific supramax rates dip to three-year low
Brokers urge owners to lay up tonnage
- China set to smash traditional product tanker triangulation
Chinese to cut out gasoil leg over fears of cargo contamination
- CMA CGM and MSC offer alternative to Daily Maersk
Customer service tops agenda as big three box lines go head to head on schedule reliability
- Piracy, calumny and hypocrisy
The pirate threat shines a harsh light on the long and slow foundering of the sovereign system of states
- Bah Humbug
Someone has to man the office during the Christmas party season, but why does it have to be me?
- Syria stymied by new US and EU sanctions
The world depends less on Syria than Syria depends on its crude-oil customers
- Norway to wind down offshore credit agency
Eksportfinans to immediately commence preparations for a controlled run-off, which will most likely take several years
- Pacific Drilling's New York listing confirms offshore strength
Recent prospectus yields insights into Norwegian export credit body Eksportfinans and its interplay with commercial banking lenders
- DCT Gdansk dismisses Kaliningrad threat
Planned Russian container hub has stalled as Polish terminal presses forward
- Russia eyes foreign box port investors
Rosmorport courts foreign box terminal operators to invest in new capacity
- Chinese regulation remains biggest worry for foreign insurers
Tough environment no barrier to new foreign insurers as marine segment grows
- Risk averse
While ships have been getting bigger, salvors have not been keeping up with industry progress
- Demand for chemicals boosts InterBulk revenues
Pre-tax profits tripled after net interest expense falls
- Reinigert slams risk-averse salvage industry
Global emergency response teams needed to deal with outsized modern ships
- Chinese pollution regulation will not be postponed
New rules will come into force in January despite lack of vital information
- Lorthiois leaves Port Fund
Founder leaves company to join Samsung Construction and Trade
- Special meeting approves Horizon Lines reverse stock split
Jones Act company's challenge to NYSE delisting to be heard in February
- Penning calls off meeting on Dover privatisation
Ports minister cites 'urgent Parliamentary business' on drink-driving measures
- Auckland faces industrial chaos
Second dockworker strike begins today
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| DECEMBER 8, 2011 |
- Two killed in box blast
AN INDIAN freight centre is closed today, Fairplay was told, as police investigate a fatal container explosion last night
- S&P warns tanker owners
FALLING asset values and weak rates put tanker owners at risk of breaching financial covenants, S&P has warned
- Qatar-Japan LNG deal signed
QATARGAS has signed of an S&P agreement to supply LNG to Chubu Electric Power and Shizuoka Gas, IHS World Markets Energy reported today
- Sinopacific embraces offshore
SHANGHAI'S Sinopacific Shipbuilding said today the group is diversifying into offshore vessels, marking its move with the opening of an office in Norway, where many leading offshore suppliers are based
- MIT to double capacity
PANAMA'S MIT said it plans to double capacity to 4M teu to prepare for the post-Panamaxes transiting the Panama Canal after 2014
- Rosneft Marine closes bunker deal
ROSNEFT Marine said today it has won an exclusive contract to supply bunkers to Sakhalin Energy Investment's tanker fleet
- Yangshan turns on radiation checking gear
SHANGHAI'S deepwater Yangshan port has started operating radiation detection equipment
- Richards Bay coal totals drop m/m
RICHARDS Bay Coal Terminal has said its exports fell in November month on month, to 6.21M tonnes from 7.4M tonnes in October
- EEH KG house switching to containers
HAMBURG KG house Elbe Emissionshaus has diversified into container equipment investments because ship finance opportunities are scarce
- EC extends shipbuilding aid
THE EC HAS decided to extend its special aid regime for shipbuilding for two more years, from 1 January
- Winter box services merge
BOX GROUPS whose ships link Asia, South Africa and the East Coast of South America today said they plan to combine winter services
- Captain fined in pollution
A RUSSIAN captain of a Netherlands-flagged vessel has reportedly been fined and his vessel released after a pollution guilty verdict in Georgia
- Ship stranded in Bering Sea
A VEHICLE carrier remains adrift today in the Bering Sea after its rudder failed in rough seas, the US Coast Guard confirmed
- Drybulk waits rising
SNARLS at major drybulk ports are worse for the second straight week, with vessel queues at Newcastle rising to 63, from 61 last week
- Lewis: Big 3 get LNG sorted out
SHIPPING analyst Janet Lewis has affirmed that Japan's Big Three have got it right for LNG shipping - even as they are struggling in the box sector
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| DECEMBER 8, 2011 |
- Cargolux Sees Second Straight Double-Digit Drop
Freight traffic at Cargolux Airlines dropped 10.8 percent in October, the second straight double-digit decline at Europe's largest freighter operator,...
- West Coast Port Workers Prepare for Occupy Protest
Longshoremen and harbor truckers are preparing for possible disruptions on Monday when the Occupy movement intends to shut down West...
- Environmental Groups Fight Savannah Port Deepening
Environmental groups in Georgia and South Carolina filed an appeal with the South Carolina Administrative Law Court on Thursday challenging...
- Kuehne + Nagel Adopts IAS Drayage Tracking Software
Kuehne + Nagel has adopted cloud-based software to better track and communicate with container drayage haulers. The Swiss...
- Thai Floods Cause Shortfall in PC Shipments
Shortages of hard disk drives caused by the flood in Thailand will result in a shortfall of 3.8 million shipments...
- Truck Crash Deaths Rose 8.7 Percent in 2010
Truck-related fatalities rose 8.7 percent last year, reversing a long-term trend, while overall highway deaths dropped to their lowest level...
- FMC Looks to Allow NVOs to Jointly Contract Shippers
The Federal Maritime Commission agreed Thursday to move forward with a long-stalled proposal that would allow unrelated non-vessel-operating common carriers...
- Truckload Carriers Bullish on 2012 Rates
A large majority of truckload carriers expect freight volumes and truck rates to rise next year, according to new survey....
- Five Carriers Consolidate Asia-South America Services
Hamburg Sud and Maersk Line will combine a Asia-South America service with a service operating by CMA CGM, CSAV and...
- MSC Says Carriers Must Deploy Larger Ships
Mediterranean Shipping Co. said carries must deploy the biggest vessels possible on the Asia-Europe trade to minimize losses, according to...
- Shipping Corporation of India Scales Back Fleet Expansion
State-owned Shipping Corporation of India is scaling back its fleet expansion plan after suffering two consecutive quarterly losses. Indian...
- Korean Air Cargo Tumbles in Third Quarter
Korean Air's cargo traffic fell 5.9 percent in the third quarter, and the world's largest international freight airline said it...
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| DECEMBER 8, 2011 |
- Schenker Khimji's LLC to be set up in the new year
Berlin-based DB Schenker Logistics and its long-term partner, Khimji Ramdas, are to strengthen their relationship by establishing a joint venture company in Oman ...
- Tiran acts as agent for Easyfresh in Israel
Valencia (Spain)-headquartered EasyFresh, which is an alliance of independent reefer logistics service providers, has entered into a collaborative arrangement with ...
- Raising Bayonne Bridge a major focus of PANYNJ 2012 budget
The Port Authority of New York and New Jersey (PANYNJ) is planning to lay out USD15.2 million on raising the Bayonne Bridge next year as part ...
- Shippers voice opinions on MSC/CMA CGM vessel sharing deal
The European Shippers' Council [ESC] has transmitted mixed signals over MSC and CMA CGM's vessel sharing agreement. On the one hand it welcomes the opportunity ...
- Antwerp to assist in development of Cote d'Ivoire's San Pedro port
Port of Antwerp International (PAI), the consultancy, development and global investment arm of the Port of Antwerp Authority, has signed a memorandum of understanding ...
- Auckland dockers offer olive branch
The 300 plus Ports of Auckland [PoA], New Zealand dockworkers have cut back their planned 48-hour strike, due to start from tonight, to a one day stoppage from ...
- CMA CGM clarifies its position in Asia/N Europe tradelane
Following MSC's announcement yesterday regarding the impact of its new vessel sharing agreement with CMA CGM on its services operating between Asia and Northern ...
- China preparing for 'severe' slowdown in exports
Data to be released at the weekend will show a sharp downturn in Chinese exports to Europe and the US with the world's second-largest economy preparing for 'severe ...
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| DECEMBER 8, 2011 |
- Iberia: buy Frontline
Equity analyst bucks the trend by urging investors to build positions in ailing tanker owner's US-quoted shares.
- Diana tied to Hamburg raid
Diana Containerships steps in to replace Euromar as prospective buyer of Hamburg Sud duo, brokers claim.
- Volvo Ocean bets on big guns
Race splashes more than a million dollars on secretive anti-piracy plan that includes armed guards and heavy-lifting.
- ICAP's chilling prediction
Step aside Mystic Meg - at least one shipbroker can see the future too.
- Cape newbuild finds a job
Singapore's Golden Harvest Transportation secures period work for its lone capesize upon delivery from Shanghai Waigaoqiao.
- Murky outlook for rigbuilders
Clouds gather over Singaporean giants but long-term prospects look fair, analyst says.
- Tanker owner fined in UK
Pretty Time Shipping of Singapore to pay £95,000, including costs, for discharge of palm oil off south coast.
- Dynacom shows its hand
Greek owner sorts fact from fiction regarding its tanker newbuilding plans.
- Duke off to Africa
Dolphin Geophysical bags seismic survey for vessel off West Africa.
- Unifeeder feeds Russia
Danish short-sea operator adds weekly box run to St Petersburg from Antwerp.
- 'You cannot be serious'
Tanker experts struggle to digest news of a huge suezmax order at Rongsheng.
- Sevan fills CFO berth
Former Western Bulk man Kjetil Vangsnes takes over as finance chief at Teekay-backed FPSO firm.
- Bumi Armada pens loan
Malaysian offshore operator says facility with seven banks will pay for conversion of FPSO in Vietnam.
- SCF slips into the red
Russian tanker owner on course for a full-year profit despite falling to a third quarter deficit.
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| DECEMBER 8, 2011 |
- Fuel still leaking from wrecked containership
'With the continuing swells we may see more of this oil come out,' official warns.
- European market stable
Hamburg market sees more activity.
- Fujairah market softens
Suez market sees little demand.
- Asian refiner seeks low sulphur fuel oil cargoes
Move 'could be prompted by expectations of higher premiums for LSFO products.'
- Cockett Marine Oil makes appointments to Copenhagen office
Nils Flemming Rasmussen is to be General Manager.
- Russian supplier signs Far East deal
Rosneft Marine will supply crude tankers and LNG carriers.
- Bunker prices soft in Asian markets
Supplies fine at major ports in Asia on Thursday.
- Singapore onshore fuel oil stocks falling
Healthy demand in Singapore 'a factor'.
- 'Negative market' sees Singapore supplier cut capacity
Smaller vessels more 'viable' says source at First Oil.
- Pakistani bunker suppliers ready for new sulphur cap
Local refiners have been producing IFOs with sulphur content below 3.50%, say suppliers.
- New IEC release looks to standardise global cold ironing operations
IEC/ISO/IEEE 60092-510 will remove 'some of the uncertainty' cold ironing investors face.
- Fourth law firm to investigate Andatee
Investigation concerns 'possible breaches of fiduciary duty and other violations,' by Andatee's board of directors, says law firm.
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