|OCTOBER 10, 2011|
- US scraps deadline for screening of air cargo
The US Transportation Security Administration told freight-shipping trade groups that it will no longer require all air cargo bound for the US to be screened by the end of the year.
- Charged up suezmax tanker rates fan hopes for rally
Rents for suezmax tankers rose to the highest level since March 28, stoking optimism that a broader rally may lift global fleet earnings above breakeven levels.
|OCTOBER 10, 2011|
- CMA CGM dismisses Hong Kong rumour, no plans to buy or charter new ships
- Panama Canal sees throughput rise 7pc to 322.1 million tons in F2011
- East-west freight rates off 18 points since March, volatility grows
- US retail sees 2.8pc more holiday sales after 5.8pc back-to-school boost
- Horizon saved from bankruptcy with US$650 million refinancing deal
- Hunan provincial cargo volume increases 12.8pc in first eight months
- Canada denies subsidising shipping to divert US cargo through its ports
- New Zealand enhances efforts to rescue stranded ship, reduce oil slick
- APL tests supply chain security in anti-terror test with FBI
- European forwarder volume rises from 46 to 53 on Danske Bank index
- European Shippers Council urges action in advancing green shipping
- Kuehne + Nagel opens distribution hub in Cartagena, Colombia
- CEVA Logistics strikes deal with Miele white goods in South Africa
- Pacific Basin Economic Council meets in Hawaii November 9 - 10
- European court upholds EU right to tax carbon emissions beyond its airspace
- Cathay Pacific launches western China freighter service to Chengdu
- TIACA praises Transportation Security Administration for screening delay
|OCTOBER 10, 2011|
- Italian co. hopes to deliver more vessels in India
- No short-term plans to purchase, long-term charter-in vessels: CMA CGM
- Pranesh Rathod is KPSAA President for 2011-12; other office-bearers too elected
- SCI to pump in 3,700 cr. for acquiring 24 vessels
- Teamglobal Logistics commences Hyderabad office
- Chowgules Jaigad facility named Angre Port
- CoPT to offer 30 pc discount in charges for feeder vessels calling ICTT
- DP World takes home three honours at MALA 2011
- JNPT participates in INMEX India 2011
- One more terminal planned with Chinese help in Colombo
- Export permits issued for 4.21 lakh t sugar so far
- Govt may announce sops for labour-intensive export sectors soon
- India asks Pak to keep timelines, negative list short
- Industry demands hike in RBD palmolein import duty
- May snap off free trade talks with India, warns EU
- Meet to discuss investment opportunities in UAE industrial park
- Nafed for lowering onion MEP to $ 350/t
- Samsung intends making India export hub
- Sharma optimistic of clinching FTA with EU this year
- US likely to restore trade benefits to India soon
- WTO reduces world trade growth forecast
- Albacor Shipping USA moves heavy transformer through West Virginia
- Crowleys dedicated project cargo management division launched
- PCN reaches 100-member milestone
|OCTOBER 7, 2011|
- Amsterdam-Schiphol adds further China freighter link
Amsterdam-Schiphol has further strengthened its freighter links with China, following the launch of China Southern Airlines' twice weekly B777F services to Chongqing. The new fligh...
- Finnair starts scheduled flights to Dubai
Today Finnair is starting to operate scheduled flights between Helsinki and Dubai. The route will be flown three times per week in the winter season until 23 March 2012. It is oper...
- Track building for Tanger-Rabat-Casablanca rail link
Track building for the first high-speed railway in Africa has begun. In 2015 the new Tanger-Rabat-Casablanca route in Morocco is to travelled at 320 km/h for the first time. With t...
- German logistics industry agrees to switch pallets
Industry, trade and service providers agreed cooperative, transparent pallet processing in Germany under the umbrella of the services provider GS1 Germany. The sector now has a sta...
- US truckload turnover rises to three-year high in Q2
The turnover rate for over-the-road truck drivers in the US rose to 79% in the second quarter, marking the third quarter in a row of increased churn in the driver market. The turno...
- More intermodal links to Baltic Sea ports
Intermodal transport is beefing up links between the Rhine-Neckar area and Northern Germany and the German Baltic Sea ports. To this end, the existing shuttle train Karlsruhe - Ham...
- Fiege extends board from its own ranks
As of 1 January 2012, the Fiege Group will be expanding its board with the current division heads. In addition to the current board members Dr Hugo Fiege, Heinz Fiege, Dr Stefan Ku...
- Ethiopian Airlines first African carrier to order Boeing's 777 freighter
Boeing and Ethiopian Airlines have announced an order for four Boeing 777 freighters, making Ethiopian Airlines the first African carrier to order the twin-engine jet. The order is...
- German sea transport up 6.4% in first half 2011
In the first half of 2011 cargo throughput of sea transport in Germany rose 6.4% on the same period of the previous year. According to preliminary data of the German Statistical Of...
- Buss and Imperial Reederei establish joint venture
The Buss Group from Hamburg and Imperial Reederei Duisburg have established a joint venture to operate the plant port of Hüttenwerke Krupp-Mannesmann (HKM) in Duisburg-Huckingen. B...
- HATLAPA extends its product portfolio for Offshore Support Vessels
Hamburg-based manufacturer HATLAPA Marine Equipment has purchased a majority shareholding in Triplex, a Norwegian deck machinery company. HATLAPA's traditional product portfolio of...
- Movianto operates new distribution centre in Bavaria
For its long-standing business partner 3M Espe, Movianto, the German logistics company that specialises in pharmaceutical logistics and health care services, is assuming the exclus...
- Groundbreaking ceremony for new Raben Goup logistics centre
Holland's Raben Group is investing some EUR 18 million in the new development of a throughput and logistics facility with a total area of 48,000 sqm. During the symbolic groundbrea...
- New Kuehne + Nagel distribution centre in Cartagena, Colombia
In the presence of numerous customers and business partners, Colombia's transport minister, German Cardona and Karl Gernandt, chairman of Kuehne + Nagel International, inaugurated ...
|OCTOBER 7, 2011|
- Trinity Offshore selected to build Harvey Gulf LNG-fueled OSV's
- Wärtsilä to power first U.S. flag LNG-fueled offshore vessels
|OCTOBER 7, 2011|
- FMC looking into reasons for US-bound cargo making detour
- Weekly rail freight count sees both sides of ledger
- Customized Brokers taps Ryan as perishables logistics specialist
- APL holds anti-terrorism drill at Seattle marine terminal
- Change of command set for Everett Coast Guard unit
|OCTOBER 7, 2011|
- Dry market to hold steady as tanker rise tails off
Capesize and panamax rates to hold, while supramaxes will rise
- Eurotunnel welcomes EU Channel Tunnel probe
Investigation to look into UK and France's non-compliance with European Union legislation
- DBIS wins Peel Ports deal to upgrade agri-bulk systems
Software provider to revamp programs at UK's biggest import facility
- Capesize rates to stay steady through October
Rates bounce back following China's holidays, but not to previous levels
- Wider eyes on the sea
While the UK Coastguard's visual lookout stations are being stood down, the National Coastwatch Institution is looking to grow under a new chairman
- Hamburg brokers did not cook the books
Market and discounted cash flow valuations are not per se right or wrong, they are two different perspectives for judging an investment
- Banks close in on Dr Peters ship funds
Nordea threatens to force sale of two product tankers, as others 'face restructuring'
- The Joneses are no different from us
Absence of a 'league table' and identity of the 'haves' are the only variations
- Intertanko leans towards greenhouse gas compensation fund for shipping
Industry lobby group might now accept market-bases measures, with caveats
- Sami appoints National Security Inspectorate to vet armed guards
Association says the insurance industry will get on board within a year
- CMA CGM puts plans to re-enter newbuilding market on hold
French box giant quashes rumours that it is poised to order 9,000 teu ships
- Atlantic suezmax earnings hit five-month high
Chartering boost in West Africa pushes up daily returns
- Maritime UK puts $5.6bn price tag on low-sulphur rules
Crunch time approaching, according to Chamber of Shipping
- Atlantic Wind sale indicative of ailing sector
Reefer newbuilding book stands at zero as charter rate slide is set to continue
- Wärtsilä will supply engines for first US-flagged LNG-powered platform supply vessels
Contract sees delivery in 2013 and includes options for follow-on orders
- Death by protectionism
The inquiry into Canadian and Mexican ports should focus on US harbour maintenance fee
- Rena hull may be cracking
Authorities say grounded containership could break in two if weather turns
- Small dry bulk ships are top performers in distressed market
Strong grain trade and slow fleet growth propping up charter rates
- Greek owner claims German ships are breaking tonnage tax rules
SeaTask chief says 'numerous' ships are flying foreign flag while profiting from tax breaks
- VLCC earnings forecast slashed by 40%
Earnings projections for all tanker sizes downgraded by Dahlman Rose & Co
- Dry bulk rates set to drop before 2012
Current rally is only a 'short-term squeeze'
- Intertanko members 'deeply concerned' by market conditions
Low charter rates said to be combining with operational costs to make an unsustainable situation
- Five dead in Keppel Subic accident
Stern ramp collapses on scaffolding at Philippines yard
- James Fisher plans to expand defence business
Group eyes Asia as UK defence market is shrinking and becoming too bureaucratic
- Ratings really matter
Anything that makes access to the capital markets more expensive is surely unwelcome
- Closure of Danish Maritime Safety Administration 'will not hit standards'
New government to transfer responsibilities such as piloting from MoD to other ministries
- Greenland's riches remain elusive
The 2011 project cost set to reach $600m, as Cairn extends drilling season
|OCTOBER 7, 2011|
- Delhi puts brakes on SCI
DELHI has directed government-run SCI to go slow on expanding its fleet
- LB harbour access deepened
VLCCS today can steam directly to berth at Long Beach rather than first lightering offshore
- Cruise refit awarded
FINCANTIERI said today its Palermo yard has won a contract to refit the cruise ship Bleu de France
- Liability shift urged on toxic perils
SHIPOWNERS, not breakers, should be responsible for end-of-life inventories of hazardous materials on ships, an EU-tied workshop has been told
- Thessaloniki welcomes partial privatisation
GREECE'S second-largest port Thessaloniki has reportedly said it would welcome privatisation - for all but conventional cargo
- NZ transport tsar says spill to hit shore
NEW ZEALAND'S transport minister Steven Joyce has told reporters "we should expect oil to come ashore" from a box ship stranded on a reef off Tauranga
- Collision mariner sought
A MARINER was still listed as missing today after a collision between a general cargo ship and a fishing vessel off northern Spain
- Oz union mulls more strikes
MARITIME Union of Australia told Fairplay today it is considering further labour action in conjunction with more strikes by Patrick Stevedores workers
- Japan's fuel oil imports rise 57%
JAPAN imported 3.7M more barrels of fuel oil in 1H2011, a 57% increase year on year, according to a new report
|OCTOBER 7, 2011|
- Trucking Employment Up Slightly in September
Employment in for-hire trucking rose only two tenths of a percent in September from August, as the U.S. unemployment rate remained...
- Owners Pull 11,087 Idled Railcars Out of Storage
North American railcar owners pulled 11,087 more units out of sidings and other storage areas in September, for the largest...
- TransCore Finds Truck Revenue, Rates Up 10 Percent
For-hire truckload carriers increased their revenue 10 percent in the first half of the year compared to the same period...
- Manufacturing Jobs to Shift from China to US, Report Says
A big shift of manufacturing from China to the U.S. and other parts of North America will create up to...
- Freight Rate, Surcharge Updates for Week of Oct. 3-7
Hapag-Lloyd will apply a general rate increase on cargo shipped from the U.S. to the Indian Subcontinent, starting...
- Con-Way Freight Names Clark Executive VP
New Con-way Freight President W. Gregory Lehmkuhl chose Thomas W. Clark, a 26-year Con-way veteran, as his executive vice president...
- Air Freight Rate Index Levels Off
The Drewry Air Freight Price Index for international rates out of Asia fell 10.1 percent in August compared to last...
- Hume's Reaction to Canadian Rail Report, Reregulation Claims (Video)
Forrest C. Hume, an attorney with Forrest C. Hume Law Corp., shares his thoughts regarding Transport Canada's report on rail...
- Toyota Tells Japanese Suppliers to Slash Costs
Toyota is telling its parts suppliers in Japan to cut prices or face being replaced by overseas competitors as the...
- TNT Express Downgrades Revenue Outlook
TNT Express issued a profit warning this week because of weak demand on Asia-Europe routes, the continued losses in the...
- Crafting Relationships
Michaels Stores had a somewhat different experience in the chaotic first half of 2010 than that of many other large...
- Trade Sense
Last week was supposed to be the time when adults got back in the room, as far as U.S. trade...
- Yes, They Have Bananas
Port Hueneme, a small port 60 miles northwest of Los Angeles, is scheduled for some changes in its top executives,...
- Banana Warfare
Bananas are the world's most traded fruit. The Food and Agriculture Organization of the United Nations estimates world exports of...
- Fresh Approach to Marketing
Consumers in every part of the globe must be following the old adage "an apple a day keeps the doctor...
- CMA CGM Denies Reports of Large Vessel Order
CMA CGM denied reports Friday it is close to signing a $2 billion order for 20 large container ships from...
- Ethiopian Airlines Orders Boeing 777 Freighters
Ethiopian Airlines became the first African customer for the 777 freighter, placing an order for four of Boeing's twin-engine, widebody...
|OCTOBER 7, 2011|
- Is radical change around the corner?
These are desperate times for the liner shipping community. Freight rates are continuing to fall on most trade lanes, the peak season was a wash-out and it is too late for any recovery of note to take place. Meanwhile, there is again talk of protectionist measures being put in place by several governments and to cap it all there are still many large vessels to be delivered. About 70% of the 4.9 million TEU backlog comprise post-panamax tonnage
- Santos to breach three million TEU mark this year
- CMA CGM denies order
- Rescue effort for Rena moves into full swing
- Horizon finalises its recapitalisation plan
- Chennai congestion is to ease
|OCTOBER 7, 2011|
- Wells examines Rena impact
Wells Fargo analyst says grounding of Costamare-controlled containership could cost owner $1.3m in lost revenue.
- MLL wades into wind
Danish shipping syndicate's US liner wing forges alliance as it races to cash in on growing demand for offshore wind.
- Cyprus tied to cape buy
Brokers finger Andreas Hadjiyiannis-led owner as the buyer behind $18.5m raid on Asian cape.
- DRYS: 'timing is everything'
Pankaj Khanna says tanker IPO is on the backburner but US-listed owner is open to selling Ocean Rig if the price is right.
- QM2 suffers fire
Blaze extinguished in engine room of Cunard flagship off Canadian coast.
- SDRL keeps ticker spinning
John Fredriksen-led driller secures $550m loan hours after revealing two newbuilding contracts.
- More woe for VL values
A new VLCC from a Korean or Japanese yard is now worth less than $90m, expert says.
- Crewman feared dead
Australian police say it is unlikely Filipino who fell from German bulker will be found alive.
- Wightlink warns
UK ferry operator says staff will go if it is forced to cut sailings.
- Polembros pounces on VL
Greek owner swoops for Japanese-controlled VLCC as second hand values experience further pain.
- Shipowners need big cars
George Economou declines to declare victory, the dangers of bottom fishing and the shipping chief who declines to become a newspaper seller.
- Moody's downs UK banks
The two top British ship-lending banks are caught up in a ratings slap-down.
- If the price is right...
Shares of George Economou-led owner soar as Street reacts to Cosco resolution and potential sale of Ocean Rig stake.
|OCTOBER 7, 2011|
- Washington Notebook
- October Feature
- Keep working
- Lines add calls to Americas service
A trio of liner carriers operating a service between the west coast of South America and the U.S. East Coast will tweak the loop's rotation to include new calls at Buenaventura and Balboa. The Americas service, operated by CSAV, Hamburg Süd, and CC...
- Evergreen adjusts intra-Asia service
Evergreen Line said this week it is splitting an intra-Asia service between China and Indonesia into two unlinked feeder loops. The carrier's former HBI service will now become two feeders - one linking Hong Kong with mainland China and another lin...
- Maersk enters U.S. offshore wind market
Maersk Line, Limited (MLL), the U.S.-flag vessel arm of A.P. Moller-Maersk, has established a working relationship with Apex Offshore Wind to support the development, financing and construction of utility-scale offshore wind energy facilities in N...
- Stolt-Nielsen: Chemical tanker market slides 'sideways'
Stolt-Nielsen said it had profit of $22.2 million in the third quarter ending Aug. 31, compared to a profit of $26.6 million in the same 2010 period. Profits were lower even though operating revenue rose to $529.8 million in the third quarter, comp...
- Horizon Lines completes refinancing
Horizon Lines has completed a $652.8 million comprehensive refinancing that will give it adequate liquidity to fund continuing operations and the ability to achieve substantial additional debt reduction. "We now have a new capital structure that eli...
- Beaver leads U.S. salvage group
The American Salvage Association has elected Tim Beaver, chief executive officer of Global Diving & Salvage, Inc., to president. Beaver succeeds Mauricio Garrido, who served as president from 2009-2011.Paul Hankins at Donjon-SMIT was elected vice p...
- Ex-Im Bank's first Tajikistan transaction
The U.S. Export-Import Bank is supporting its first transaction in the Central Asian nation of Tajikistan, which includes the purchase of Boeing 737-900ER plane by Somon Air, an airline based in Dushanbe. This is Boeing's first sale to Somon Air a...
|OCTOBER 7, 2011|
- Bunker prices head higher
Crude futures experienced its biggest weekly gain in over 7 months.
- Canadian Authorities detain Greek tugboat
Line broke leaving the carrier stranded and posing a risk to the environment.
- Middle Eastern bunker prices firm
Deliveries were available for supply up to and including October 21 in Cape Town.
- LNG tankers in 'multi million dollar dual-fuel retrofit'
Qatar to make 'substantial savings' by enabling tankers to switch from conventional fuel to LNG.
- MGO prices gain double-digits in Rotterdam and Hamburg
Congestion at a couple of loading racks was still an issue in Rotterdam.
- Moody's upgrades shipping line after refinancing
Horizon rating changed from 'Probability of Default' to 'Limited Default'.
- Tanker industry sustainability under threat
INTERTANKO's Council expresses 'deep concern' about current market conditions.
- Market Based Measures to cut ship emissions 'not justified at this time'
INTERTANKO supports mandatory technical and operational efficiency measures, but says industry 'is already incentivised by high fuel prices' to reduce fuel use.
- Orders for LNG engines as fears over ULSD avails grow
'We are witnessing a transformation of the marine industry as it charts a course towards a new era for natural gas,' says Warstila.
- Maxcom expands West African coverage
Announces supply of MGO at Port Gentil and Libreville.
- UK maritime sector warning on annual £3.6 billion ECA cost
'These regulations will create considerable financial, logistical, societal and even environmental impacts,' says Maritime UK submission.
- Asian bunker prices firming as week ends
Supplies of IFOs tight in Singapore and Hong Kong.
- Stolt Tankers posts profitable third quarter
Rates firmed 'in response to higher bunker prices and other operational costs.'
- Japan's fuel oil imports up following quake
On higher demand from domestic power sector even as sales of bonded bunkers to ships fell.
- Singapore bunker premiums at eight-month high
Premiums expected to remain high until next week due to lack of cutter stocks.
- K-Line placed on credit watch
K-Line expected to take longer to restore its financial soundness, says S&P.
- NuStar to pump millions into refinery upgrades
Refinery to produce ultra low sulphur diesel as its key product, says NuStar.
- Response underway to contain bunker spill from grounded ship
'Relatively small' oil spill has potential to be New Zealand's 'most significant maritime pollution disaster in decades'