|APRIL 11, 2011|
- Maritime Week may draw record participants
THE sixth Singapore Maritime Week (SMW) - which promises to be the largest yet - was launched yesterday at the Suntec City Entertainment Centre Atrium.
- Philippines' ICTSI wins 2 port contracts
MANILA-BASED container port operator International Container Terminal Services Inc (ICTSI) has bagged two major port contracts in India and Subic Bay
- Baltic index sinks further
The Baltic Exchange's main seafreight index, which tracks rates to ship dry commodities, ended the week at its lowest in over a month as slower business continued to bite.
|APRIL 11, 2011|
- The Containership Company ends service: 'It's looking very bad,' says CEO
- Cosco hikes Far East-Persian Gulf rate US$150 per TEU
- Rejected by Xiamen, MOL Presence passes radiation test in Hong Kong
- Evergreen, Wan Hai, Cosco, PIL launch WCSA service April 30
- Guangzhou and Maersk sign deal to extend cooperative efforts
- Ningxia's Wuzhong city to build US$1.36 billion on logistics centre
- Taiwan products enjoy US$1.1 million tariff cut at Jiangsu customs
- ICTSI in joint venture to develop, manage, operate Tamil Nadu CT
- UAE and DP World team up to hold counter-piracy conference
- Schenker ready to market southern China-Europe land bridge
- China Cargo Airlines launches three new routes for express delivery
- Fujian's air cargo volume increases 8.5pc in first two months
- United Continental, ANA set up transpacific joint venture
|APRIL 11, 2011|
- Cargo vessel sinking near Kanyakumari coast
- Evergreen, Wan Hai, MOL & Seacon announce joint service linking Singapore/Malaysia to East Africa
- Falcon Maritime India moves first direct LCL console ex Ahmedabad to Newark
- Former BP executives complete buyout to launch International Shipcare
- Maersk Line CEO hopeful of upturn in freight rates in Q2
- Maersk Line joins world oceans expedition as shipping & scientific research partner
- MCC Transport to commence Taiwan Service (TW1)
- Shipping Secretary urges support for Indian shipbuilding yards
- Slow steaming takes over all Far East-North Europe trade lanes
- Extra supply from India to ease global iron ore prices
- Capt. Sriram Ravi Chander elected Chairperson of CII AP Councils Exim Panel
- JN Port handles all-time high 64.30 m tonnes, 4.27 million TEUs
- JNPT corporatisation likely by 2011-end: Mohandas
- Major Ports may be allowed to issue tax-free bonds
- MPT joins 50-m tonne Club in 2010-11, surpasses MoS target
- GMR to establish new cargo facility at Delhi airport
- MMRDA bags Mumbai-Trans-Harbour Link project
- No blanket ban on food imports from Japan: DGFT
- Are we all stuck at 80?
- Crude oil surpasses $111 a barrel
- Doha failure would have dire consequences for world economy: ICC
- German companies to showcase energy efficient technologies in May
- India committed to early conclusion of Doha Round: Anand Sharma
|APRIL 8, 2011|
- Russian transport minister wants better connections for Domodedovo
The Russian transport minister, Igor Levitin, has called for the construction of another access road to Moscow's Domodedovo airport, or a massive expansion of Moscow's Kashirs...
- New Zealand penalises BA and Cargolux
The High Court in Auckland (New Zealand) has imposed penalties against two of the international airlines charged in a major cartel proceeding brought by the Commerce Commission. Ca...
- Weiss R'hlig launches trans-Siberian railfreight service
Service provider Weiss R'hlig has launched a new trans-Siberian container service from the Russian Far East to Russia and Central Asia. The service connects China, Korea, Japan, Ta...
- Wabtec signs USD 27 million contract for Metrolink
Wabtec Corporation has signed a USD 27 million contract with Parsons to provide equipment and services for the implementation of positive train control (PTC) at Metrolink, a commut...
- Global demand for diesel locomotives set to rise
According to a study by SCI Verkehr, an independent consultancy company for the transportation sector, diesel locomotive manufacturers can be confident about the future again after...
- Spitzer to deliver ADR silo trailers to forwarding company Freund
The silo forwarder H. Freund, based in Frechen (Germany), has ordered five silo trailers from Spitzer Silofahrzeuge. Freund operates around 230 silo trailers on international long-...
- FAA will mandate inspections for early models of B737 aircraft
The US Federal Aviation Authority (FAA) will issue an emergency directive tomorrow (9 March) that will require operators of specific early Boeing B737 models to conduct initial and...
- UK Department for Transport proposes longer lorries to help cut carbon
The UK Department for Transport just launched a consultation to test reactions to its plan to allow longer articulated trucks. The aim is to increase their length by 2 m to 18.75 m...
- IRU tackles road safety in Latin America
Committed to contribute to the UN Decade of Action for Road Safety, the International Road Transport Union (IRU) and its Argentinean Member Association the Federaci'n Argentina de ...
- SAL puts newbuilding "Lone" into service
Just three months after the German heavylift shipping company sent "Svenja", the world's largest heavy-lift vessel on its maiden voyage, the company's fleet has now been ...
- ICTSI and LTSB ink port deal in Tamil Nadu (India)
International Container Terminal Services Inc (ICTSI) and L&T Shipbuilding Ltd (LTSB) have signed a container port operation agreement for the management and operations of the ...
- Cargo throughput at the port of Helsinki continues to increase
The port of Helsinki (Finland) has reported that its cargo throughout continued to increase between January and March this year. The port handled was 2.4 million t, about 9% m...
- Asco wins UK contract with Perenco
Asco UK has announced the award of a 5-year contract extension from Perenco UK. The contract is worth around GBP 21.5 million and covers logistics, transport, fuel and port service...
- Wim Bosman Group awarded ISO certification again
The Wim Bosman Group, which belongs to New Zealand logistics group Mainfreight, has again been awarded ISO 9001:2008 certification (quality) after an intensive audit week, from 28-...
- DHL phases in new logistics centre in Ukraine
DHL Freight, a leading provider of road transport in Europe, has just inaugurated a new logistics center in Kalinovka, near Kiev (Ukraine). The 20,000 sqm state-of-the-art facility...
- SkyTeam appoints Michael Wisbrun as new managing director
SkyTeam has appointed Michael Wisbrun as its new managing director, replacing Marie-Joseph Mal', effective 1 June. As head of the management team, based in the central office in Am...
|APRIL 8, 2011|
- Marinette Marine awarded additional Response Boat-Mediums
- Feds probe Hercules Offshore, Inc.
- Cargo vessel pirated less than 40 miles from Omani coast
|APRIL 8, 2011|
- Coast Guard investigating allision of vessels on Columbia
- Rail freight tally continues string of weekly increases
- Port of Everett calling for help to restore Union Slough
- Disney Cruises moving from Vancouver, BC to Port of Seattle
- NYK adding service covering Asia, Africa
|APRIL 8, 2011|
- Palm oil freight rates surge to
Growing global demand sees cost of shipping commodity from Southeast Asia to Europe hit $50 per tonne
- Tonnage and bunker costs build up in tepid spot market
- Tonnage glut drives down West Africa suezmax rates
An overtonnaged Africa suezmax spot market that has seen time charter equivalent earnings fall by two thirds in a fortnight to around $10,000 per day, combined with rocketing bunker costs, has prompted some owners to slow steam empty vessels across the Atlantic at speeds as low as eight knots
- Record capes deliver in first quarter
Sector bucks falling trend in overall shipbuilding market
- Baltic falls again as capesizes struggle
The Baltic Dry Index fell for the ninth consecutive trading day, dropping 25 points to 1,376, with capesizes taking the biggest hit
- Zero freight rates loom once more
Europe-Asia price war could result in casualties
- First casualty as TCC pulls out of transpacific trades
No-frills operator puts an end to China-US service after less than a year of trading to concentrate on its boxship assets
- UK to check ships for radiation
Spot checks for radiation on vessels that call UK ports after having recently been in Japan
- Looming gap in the books
Asian banks already involved in ship lending appear to be more focused on building their own positions than buying problematic portfolios from someone else
- Watch for crossfire
The first victims are likely to be the smaller boxship operators that get caught in the crossfire as the industry heavyweights go head to head
- Grin and bear it
Ships passing Tokyo Bay area are exposed to less radiation than the average couch potato takes in watching football on the telly
- Lamprell in talks to buy rival MIS
Takeover approach valued at $333m
- Somali pirates free Irene SL
Crew of freed NS Lemos-owned VLCC reported to be in good health
- Norwegian high-yield bond market lures shipping
Market sees significant maritime business, especially in the offshore oil and gas market
- Intra-Asia lines feel the pinch as competition hots up
Regional carriers move to protect market share as long-haul lines join sector
- East Africa's promise sparks flurry of activity
Andarko has announced its plans for exploratory drilling in the Liberian Basin
- Kosmos raises prospect of $500m IPO
Over the past year, the Kosmos stake offshore Ghana has been in play as investors shuffle their ownership
- Totting up the costs of exploration
The Kosmos IPO coincides with a shift from a "development stage" company into a real oil producer
- Battle over Guinea Basin resources
Clashes of resource politics are apparent off the coast of Ghana
- Barack Obama quietly looks to West African oil
US energy policy is now placing an important but unspoken emphasis on overseas oil producers
- Akfen group wins Istanbul Deniz takeover bid
Consortium submits $861m bid for Istanbul ferry operator
- China to take bilateral trade crown by 2030
Move will reducing some of the inefficiencies caused by the current imbalances
- Pirates seize German cargoship
Susan K hijacked 35 nm from Oman's coastline
- Syndicated lending slumps to $10.7bn
Lending to marine sector down sharply in first quarter of 2011 since second half of 2010
- Japan begins ship radiation checks
To check ships and containers leaving Tokyo Bay bound for foreign ports
- Golar LNG Partners secures $270m IPO
Strong demand and above-range pricing confirm LNG is the 'flavour of the week'
- How Japan disasters led to US truck plant closure
The present nuclear crisis, following the recent earthquake, reveals the growing importance of deliveries of car components by ship
- Egypt beefs up Japan cargo checks
Additional inspections for the clearance of commodities imported from Japanese ports
- Navios Partners eyes $90m offering to grow fleet
Seeks to raise cash from sale of 4m units
- Patrick Stevedores faces industrial action across Australia
Union claims it has no choice but to undertake work-to-rules and walk outs, alleging Patrick has been intransigent in wage negotiations
|APRIL 8, 2011|
- TCC cancels US service
NORWAY'S The Containership Company is scuttling its China-US service after barely a year in operation
- One released, many held
INTERTANKO today hailed Irene SL's release, but the tanker owners' group sought to put the episode in context
- Ship hijacked off Oman
PIRATES today hijacked a general cargo ship just 35 n-miles from Oman in the Arabian Sea, EU NAVFOR reported
- Ports seen spared if US shuts down
MARITIME functions such as port security would operate as usual even if the US government is closed down by the budget crisis, shipping authorities told Fairplay today
- Navios prices follow-on
ANGELIKI Frangou continues to tap the capital markets, with Navios Maritime Partners today pricing a secondary offering of 4M common units
- Sendai parts exports resume
JAPAN'S original equipment manufacturers have resumed shipments from Sendai's port, which was heavily damaged in the March quake disaster, IHS Global Insight reported today
- Bank warns on KL ruling
BNP PARIBAS has argued that a Chapter 15 ruling that shields vessels chartered-in by Korea Line could have a chilling and potentially disastrous market impact
- Venezuelan nightmare ends for officers
TWO SHIP officers are back in their Ukrainian homes after being imprisoned on false drug charges in Venezuela for more than three years, Fairplay confirmed today
- Golar prices spin-off IPO
GOLAR LNG Partners begins trading on NASDAQ today after pricing its IPO of 12M common units at $22
- NYK and Thai Oil form venture with VLCC
THAI OIL Public and NYK Line have formed a joint venture in Singapore, the Japanese group said today
- US sentences pirate again
SOMALI Jama Ibrahim has been sentenced for the second time in five months for piracy
- Nordea leads lender ranks
SYNDICATED loans to shipping and offshore hit $10.69Bn in 1Q11, with Nordea the top bookrunner, Dealogic reported today
|APRIL 8, 2011|
- Maersk Line Ltd. Wins US Military Contract
Maersk Line, Ltd., the U.S.-flag subsidiary of Maersk Line, won a contract for the operation and maintenance of two ships...
- ILA Calls Off NY-NJ Strike Threat
The International Longshoremen's Association called off a threatened strike at the Port of New York and New Jersey. "We've...
- Japan Auto Plants Reopen Amid Supply Chain Woes
Japanese automakers plan to resume production at domestic auto plants this month but said they're still struggling with shortages of...
- Transportation Shielded in Federal Shutdown
Much of the freight transportation system will operate normally in the increasingly likely event of a federal government shutdown, as...
- Obama Names Three for Trade Positions
President Obama will send the Senate three more nominees for trade jobs in his administration, two for the Export-Import Bank...
- TNT Keeps Express Spin-off On Track
TNT, the Dutch mail and express company, said it will proceed with plans to spin off its express division in...
- How to Effectively Use NRAs
The Federal Maritime Commission's new rules on non-vessel-operating common carrier Negotiated Rate Arrangements, which will become effective on April 18,...
- Leveling the Playing Field
In the 13 years since Congress passed the Ocean Shipping Reform Act, NVOs finally have achieved relative parity with vessel...
- NVOs' Changing Tides
Just where do NVOCCs fit? No doubt, non-vessel-operating common carriers are an integral part of the international supply chain, but...
- Two Tracks
After meeting with shippers and freight carriers across continents and across modes over the first part of 2011, it seems...
- Semiconductor Capex Spending Soars 143 Percent
Worldwide spending on semiconductor capital equipment soared 143 percent in 2010, according to a research report that pointed to a...
- Irradiated MOL Ship Cleared for Hong Kong Berth
The MOL Presence arrived in Hong Kong Friday afternoon after a test found the level of radiation had declined from...
- TCC Ceases Trans-Pacific Operations
The Containership Company said weak volume and rates forced it to end niche trans-Pacific service it launched a year ago. ...
- India Container Traffic Surges 9.5 Percent
The volume of containers handled by major ports in India surged 9.5 percent year-over-year in fiscal 2010-11, the Indian Ports...
- US Government Cracking Down on Bribes
The U.S. government will not tolerate bribes in the international transportation industry, attorneys and officials told customs brokers and forwarders...
- Federal Grant Aids NY Freight, Passenger Rail
A $3.3 million federal grant to build 2 miles of track in upstate New York will ease "significant congestion" for...
- Trucking Group Backs Mandated Electronic Driver Logs
Truck drivers should be required to use electronic devices to log their hours of service, the American Trucking Associations said...
|APRIL 8, 2011|
- TCC discontinues transpacific service
- Aust docks face strikes
- Pirates top-up their assets
- New Asia/East Africa service launched
- India rescinds Japanese food ban
|APRIL 8, 2011|
- Solstad seals buyout
Oslo-listed owner on the fringe of forking over $41.5m to takeover Singaporean offshore arm.
- MOL quells atomic panic
MOL Presence back in business after securing clean bill of health following radiation scare.
- Maersk pens MSC pact
US-flag affiliate of Danish shipping giant ties up $66m management deal with Military Sealift Command.
- Navios supramax adrift
Navios Apollon stung by engine trouble following one year anniversary of a pirate attack.
- Golar Partners a debut hit
John Fredriksen's latest listed vehicle is a slam-dunk success during its first morning on the Nasdaq.
- New route for S. America
Four major companies have set up a new Asia to Latin America line.
- Navios plots bulker buys
Deutsche Bank expects New York-listed owner to tap parent's bulker fleet with cash from $90m offering.
- WFP ship reaches Misrata
Folmer's Marianne Danica brings in vital aid to besieged Libyan port city.
- BAE seeks 400 workers
Mobile shipyard will expand workforce to complete tanker for Mid-Ocean of Connecticut.
- Pirates free Lemos VLCC
Greek owner confirms Irene SL has been released after 58 days in pirate hands.
- Viconship sells feeder vessel
Vietnamese owner offloads 1995-built Green Star 01 for $2.45m.
- Star pens $10m pacts
Nasdaq-listed owner finds work for capesize at the centre of last year's TMT dispute and a spot trading supramax.
- Global charters out AHTS
Bombay-listed firm inks three-year contract worth just under $3m.
- Bibby Topaz refloats
Support ship Bibby Topaz free under own power after grounding off Shetland Isles.
- The inside track
Just who has Thorco been talking to about the US, and who led a "shambles of an organisation"?
|APRIL 8, 2011|
- Danaos takes delivery of two 10,100 TEU ships
Greek containership charterer Danaos Corp. said it has taken delivery of two new ships. The Hanjin Germany and Hanjin Italy were built at Hyundai Samho Heavy Industries Co. Ltd., and both have a carrying capacity of 10,100 TEUs. The ships commenced 12-...
- Maersk ups Mideast-India/North America rates
Maersk Line said this week it will raise rates from the Middle East and Indian Subcontinent to the United States and Canada beginning May 1. The increases are $480 per 20-foot container, $600 per 40-foot container, $675 per 40-foot high-cube contai...
- COSCO hikes Far East/Persian Gulf rates
COSCO Container Lines said this week it is raising rates on shipments from the Far East to the Persian Gulf. Effective April 11, the increase will be $150 per TEU from China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, ...
- MSC raises U.S./West Coast South America rates
Mediterranean Shipping Co. said this week it is raising U.S. exports rates to the West Coast of South America from May 1. The line will increase rates by $300 per 20-foot container and $600 per 40-foot container from U.S. East Coast and Gulf Coast...
- Quinenco takes bigger CSAV stake
Chilean conglomerate Quinenco has purchased more shares in compatriot shipping line CSAV, according to a note this week from the carrier. The company has bought an additional 8 percent stake in CSAV, afterinitially buying a 10 percent stakefor aro...
- AE1-AE10 rotation details emerge
Rotation details have emerged about the splitting of Maersk's Line's former AE1/AE10 butterfly service between Asia and Europe. American Shipper affiliate ComPair Data reported Thursday that the services, which will operate individually, will omit...
- Port of New York braces for possible strike
Port of New York and New Jersey terminal operators are hoping to avoid a demonstration or strike by members of the International Longshoremen's Association on Monday. Reportedly tensions have flared up because Metropolitan Marine Maintenance Contr...
- TCC stops liner operations
The Containership Co. a startup container line founded in 2009, has ceased operation of its single service, a transpacific loop connecting three ports in China with Los Angeles. The carrier filed a note with the Norwegian stock exchange Friday sayi...
|APRIL 8, 2011|
- Bunker prices rise across the Americas
Crude futures settled higher as a weaker US dollar paved the way for a surge in oil prices.
- Port of Gothenburg offers low-sulphur fuel reimbursements
Port is currently working with its customers to 'take its environmental investment to another level.'
- Stena RoRo first to sign Triple E contract
Tool helps ship operators identify ways to minimise their environmental impact and optimise fuel consumption.
- Carbon tax, cap and trade! Smoke and mirrors!
Predicament for shipping as oil giants have little incentive for their residual heavy bunker product outside of the shipping sector.
- Instability in the Middle East could trigger 'explosive' fuel price rise
Companies facing 'out-of-control budgets'.
- Bunker prices rise in Fujairah
Deliveries available up to and including April 22.
- Floating container-port would be world's 'greenest terminal'
Floating terminal off the North of the United Kingdom could cut sailing distances.
- Big fuel supply changes required in 2012
More than half of current supply will be above global sulphur limit in some ports, high viscosity fuels market to be particularly hard hit.
- Rotterdam and Hamburg MGO prices gain double-digits
Prompt product tight in Rotterdam.
- Creditors seeking arrests 'for relatively small amounts'
Maritime lawyer says creditors such as bunker suppliers are swift to chase down debts.
- Prices end week firm in Asia
Bunker supplies 'sufficient' at key Asian ports, traders say.
- Rising prices hit Fujairah bunker demand
Bunker prices pushed up by unrest in the Middle East, traders say.
- New trader joins KPI Bridge Oil
Galione joins company as bunker trader in its London office.
- Port of Long Beach 'honours' slow steaming vessels
Pollution from ships down by nearly 50% in six years.
- Japan bunker ops, supplies unaffected by Thursday's quake
Supply and demand in Tokyo Bay 'balanced' with poor demand and reduced supplies, says Japanese source.
- EU 'increasingly likely' to impose its own emissions regulations
EU likely to subject vessels to caps on CO2 emissions when traveling to and from EU ports, says Carbon Positive.