|JULY 11, 2011|
- Baltic Index turns negative on low cargo
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, turned negative on Friday as cargo demand on the larger capesize vessels slowed after active bookings earlier this week.
|JULY 11, 2011|
- Hong Kong International Terminals takes delivery of 10 huge hybrid RTGs
- No price floor in sight as rates continue to fall on major east-west trades
- CMA CGM warns of US$125/TEU surcharge July 15 due to dense fog at Qingdao
- Fujian transshipment volume expected to top 10 million tonnes in 2011
- Hubei's import-led trade volume soars 114pc in first five months
- Hanjin Shipping raises US$150 million in bond sale to build war chest
- Maersk's stand-alone forwarder Damco ready for major acquisitions in India
- America Feeder Lines revives Halifax-Portland-Boston loop with 700-TEUer
- Maersk hikes West Africa congestion fees, except for Angola
- Hamburg Sud names 7,100-TEU Santa Rita training ship, biggest of two
- Guangxi's Pingxiang Integrated Bonded Area soon to start operation
- CMA CGM new rail shuttle links Zeebrugge to Duisburg's tri-modal hub
- CSAV drops NACSA Mexico-US west coast loop, its 3rd recent service loss
- 'K' Line to start power saving campaign at its Tokyo headquarters
- Smaller Asia-Europe vessels at risk as mega ships push all aside
- APMT offers Rotterdam barge service to avoid road congestion
- US prosecutors drop cargo price fixing charges against Air New Zealand
- Xiamen-Taiwan air freight volume hits 4,403 tonnes in first five months
- Cargoitalia abandons Atlanta, launches Europe-West Africa service
- Indian customs officers busted for bribery at Thiruvananthapuram airport
|JULY 11, 2011|
- All-time high containership deliveries expected in 2012
- GE Shipping takes delivery of new Supramax dry bulk carrier
- International panel of judges lined up for Seatrade Middle East & Subcontinent awards
- Black pepper imports equals total exports
- India offers to export 2 lakh t rice to Bangladesh
- India, Bangladesh sign investment pact
- KoPTs Diamond Harbour container terminals obstacles cleared
- Port Community Systems operators create European association
- US Homeland Security chief doubts feasibility of 100 pc box scanning
- Tata Steel, CWC seek consent to build freight terminals
- 2nd highest FDI inflow recorded in May since 2000
- Apparel exports climb 49 pc in May
- Duty-free import of sugar extended till Aug.-end
- Exports grow "very high" 46.4 pc in June
- FDI approval process simplified
- Jan.-June coffee exports climb 45 pc
- Ministry for 49 pc FDI in multi-brand retail
- Rs. closes at 10-week high against $
- Collett & Sons enlarge wind turbine transport fleet
- Huge drilling floor transported from Norway to China
|JULY 8, 2011|
- IRU NELTI shifts to third gear in ECO Region
The Economic Cooperation Organisation Regular Monitoring of Trucks (ECO-RMT) in partnership with IRU's New Eurasian Land Transport Initiative (NELTI-3) was launched recently in Ash...
- Rail freight traffic up in Canada
Combined loadings of rail freight traffic originating in Canada and received from the US rose to 26.7 million tonnes in April, up 8.4% from April 2010. According to a report from S...
- EU has to approve MAN takeover
Volkswagen has to have an approval for the planned takeover of the MAN Corporation. A relevant application will be submitted to the EU Competition Commission shortly. (ben)
- KLM Cargo business affected by troubles in Africa and the Middle East
In June the group's cargo business remained affected by the troubles in Africa and the Middle East and the impact of the earthquake in Japan. It also faced a situation of overcapac...
- P&O Ferrymasters extends Procter & Gamble pet food rail deal
Supply chain solutions specialist P&O Ferrymasters has renewed its contract with trimodal Euroterminal Coevorden, located 200 km north-east of Rotterdam, which is first base fo...
- British Airways extends agreement
British Airways has agreed a 3-year renewal of its contract with Kuehne + Nagel for the import of its range of in-flight wines from around the world to the United Kingdom. In addit...
- Callao Terminal officially signed over to APM Terminals
With the final documents signed, the APM Terminals 30 year concession starts at Peru's largest port (Terminal Muelle Norte). Immediately tariff charges will be reduced by 15%-18% a...
- Port cooperation
The German city of Weil am Rhein, the Rheinhafengesellschaft (Rhine Port Authority) as well as the Swiss ports on the Rhine concluded a contract for a strategic partnership which w...
- WWL makes senior leadership appointments
Christopher J. Connor has been named Chief Commercial Officer for the company's global organization. Connor will assume the CCO role while continuing as Deputy CEO of Wallenius Wil...
- SDV renewed contract with Thales Alenia Space to manage worldwide satellites logistics
By signing a 4-year contract at the Paris Air Show, Thales Alenia Space has renewed its confidence in SDV for transporting satellites. SDV will move the satellites from assembling ...
- Röhlig invests in South America
The German logistics service provider Röhlig is going to buy 50% of the Procargo Group, their premium agent for South America for many years. To expand the network globally is an e...
- Ceva Logistics renews agreement with Honda
Logistics and SCM specialist Ceva Logistics has renewed its partnership with Honda of the UK Manufacturing (HUM), a subsidiary of the multinational automotive company Honda, extend...
- Axel Salzmann is leaving the SCHUNCK GROUP
Lawyer Axel Salzmann, director of the central division Corporate Identity for many years and member of the board is leaving OSKAR SCHUNCK AG & Co. KG as of 30 September 2011. A...
|JULY 8, 2011|
- OSG gets Title XI Loan Guarantee
- Omega Navigation files for Chapter 11 protection
- Venezuela: Armed robberies at isolated anchorages
- Containership deliveries set for new TEU capacity record
- Concordia Maritime offers smartphone app
- STX Europe cuts STX OSV stake to 50.7%
|JULY 8, 2011|
- Port of Bellingham earns clean audit for 2010
- Braemar report sees record for box ship newbuildings
- AAPA pleased with proposed transportation legislation
- The New World Alliance to suspend Transpacific run
- US rail freight traffic climbs during week
|JULY 8, 2011|
- Capesize rates steady as Atlantic stays tight
Market remains firm as tonnage in the Atlantic pushes the capesize time charter average up 7%, while the Pacific stays finely balanced
- ExxonMobil charter heralds Atlantic suezmax rate falls
Owners accept lower rates for suzemaxes trading between West Africa and the US
- Handysizes in US Gulf achieve five-month high of $17,067 a day
Rate rise comes as demand for smaller bulk carriers is anticipated to increase
- Omega files for Chapter 11 protection
Blames senior bank lender's intransigence
- Dover passes 'significant milestone' for building second ferry terminal
Harbour revision order can move forward for ministers' consideration after final holding objections are removed
- InterManager's shipping KPI project poised for breakthrough
With research completed, the next step is to mobilise industry support for establishing a performance information database in the shipping industry
- Shipping KPI Standard
Key performance indicators explained
- Operational and technical measures can cut emissions
If we are serious about fighting the effects of climate change, then we need a proposal that will deliver real, quantifiable and fast cuts in emissions without bankrupting shipping
- Freight rates signal a possible lift from capacity withdrawals
Shanghai Containerised Freight Index flattens out after several weeks of decline
- Testing the three 'truths'
How accurate are the common claims currently being made in the shipping world?
- Clipper subpoenas Danish tax office to clear its name
Shipowner refuses to pay $2.8m fine saying it would be an admission of guilt
- Sorting out the shipping data
A new system from OceanSchedules makes it easier for shippers and forwarders to feed information direct into their booking systems
- EU in box data project to boost supply chain security
Consortium of 27 industry leaders join three-year scheme to combine eFreight and eCustoms
- Inttra and GT Nexus head for court showdown
Top two players in e-commerce square off over validity of patents for proprietary technology
- Climate change compromise deal could be cut at MEPC
IMO poised to agree technical measures, but without immediate implementation or EU support
- Battery power HIT to deploy 10 rubber-tyred gantry cranes
Hybrid RTGCs recycle energy created when lowering containers
- UK poised to water down objections to armed guards
Minister tells MPs'committee that companies should be able to decide what level of security they provide on their ships
- Hutchison adds weight to Liverpool cruise debate
Council proposals an 'unfair threat to jobs'.
- Boxship charter rates start to fall
Owners are no longer able to hold rates up as excess tonnage hits the water. The question now is what impact will cascading tonnage have down the size range
- Greenhouse gases risk overshadowing MEPC debate
IMO must avoid overlooking other important measures next week
- Eurogate welcomes Weser work
Allows all-tide access to Bremerhaven
- Box rates dilemma
Suspending services is not a guaranteed solution to the container shipping market's weakness
- Enough is enough
At the MEPC meeting this week, members need to put arguments behind them and address other pressing environmental topics that do not involve so much hot air
- STX Europe to pay off bonds early after STX OSV share sale
Investment fund Och-Ziff raises stake to 20%
- Long Beach's $4.4bn borrowing wins rating agency boost
Standard & Poor's maintains long-term bond rating
- Eitzen sells off remaining share in Ethylene Carriers business
Norwegian shipping group submits put option to Jaccar Holdings
- STX confirms Hynix bid but rival emerges to cheer investors
Telecoms giant emerges as rival for 15% stake in memory chip maker
- Busan transhipment plans take shape but Chinese ports hot in pursuit
Wave of cost cutting could emerge as northeast Asian ports jockey for business
- Hyundai Merchant Marine snaps up Blue Jasper for $42.5m
Korea Line's final arrested ship goes to sole auction bidder at minimum price
- New World Alliance drops transpacific string amid overcapacity
Partners HMM, APL and MOL take much needed action
|JULY 8, 2011|
- Tanker outlook slashed
CREDIT Suisse analyst Gregory Lewis today cut his tanker earnings forecasts across the board, predicting widespread losses for 2011
- 'Greek owners already contribute enough'
GREECE'S government must do more to support Greek shipping instead of asking Greek owners to step up support of the country's economy, a Piraeus broker told Fairplay today
- Breaker's stock plummets
INDIA'S only listed shipbreaking company, VMS Industries, has seen its stock price drop to almost a third of its IPO price less than a month after listing
- Indonesia resumes Oz cattle imports
INDONESIA announced today that it is resuming shipments of livestock from Australia after Canberra lifted its ban on live cattle exports, IHS Global Insight reported today
- UK flag returns to form
THE UK flag has rebounded, reaching the 18M gt mark for the first time in 18 years, the Maritime & Coastguard Agency said today
- India miners warn on bill
IRON ORE from India would become more expensive - and less competitive on global drybulk markets - under India's new mining bill, according to miners
- Motril/Melilla ferry starting
NAVIERA Armas is launching a new ferry service this weekend linking Motril and the Spanish enclave of Melilla
- Reliance to raise $316M
INDIA'S Reliance Port & Terminals has announced plans to raise 14Bn rupees ($316M) through a private placement of bonds
- One strike down, another nears
ONE STRIKE ended today in Bangladesh, which faces another in two days, also affecting ports
- US lawmakers wrangle over transport bill
A REPUBLICAN US transport proposal to reorder how projects are authorised and funded was immediately attacked by Democrats, who said it would cut current funding by nearly one-third
- Prices limit Russian grain exports
RUSSIAN grain exports have remained low since the country's embargo was lifted this week because traders are waiting for prices to rise, Fairplay has been told
- New World cuts service
THE NEW World Alliance of APL, MOL and Hyundai Merchant Marine told Fairplay today that it is suspending one of its Asia/US West Coast services due to low demand
- China iron ore imports drop
BROKERS told Fairplay today that China has imported less iron ore this week amid rising stockpiles and slowing chartering activity by Australian miners
- Tonnage plenty trumps Panamax demand
BROKERS told Fairplay today that Panamax owners' sentiment is still negative due to ample tonnage, despite rising demand in Asia
- KOSPO agrees two coal deals
HANJIN Shipping in South Korea has won a contract to transport 32M tonnes of coal to Korea Southern Power over 15 years
|JULY 8, 2011|
- Free Trade Bills Advance in Congress
Congressional committees moved three long-stalled free trade agreements closer to ratification as members held a "mock markups" for implementing the...
- FAA Proposes $689,800 FedEx Hazmat Fine
The Federal Aviation Administration is proposing a civil penalty of $689,800 against FedEx for allegedly violating hazardous materials regulations while...
- YRC Worldwide Names Christopher Wren Treasurer
YRC Worldwide named financial executive Christopher C. Wren senior vice president and treasurer of the $4.4 billion trucking enterprise. ...
- Trans-Pacific Export Volume Jumps 11.4 Percent
Containerized export volumes are growing faster than imports in trans-Pacific trade lanes this year, fueled by surging exports of cotton,...
- FMC to Discuss PierPass Fee Hike
The Federal Maritime Commission will discuss a proposal to increase the PierPass traffic mitigation fee to $60 per TEU when...
- OOCL Delays Peak Season Surcharges
Orient Overseas Container Line has advised its customers that its previously announced peak season surcharges in the eastbound Pacific will...
- PSA to Operate New Cuban Container Terminal
Singapore terminal operator PSA International said Friday it will manage a new container terminal in Cuba, currently under construction in...
- Greenbrier Revenue Soars 153 Percent
Greenbrier Companies, one of North America's major builders of freight railcars plus some barges, saw revenue soar 153 percent in...
- Trucking Payroll Rose 0.3 Percent in June
The for-hire trucking industry is adding workers to company payrolls while the national unemployment rate continues to rise. Trucking...
- Spot Market Truckload Rates Up 4.5 Percent
Spot market truckload rates rose 4.5 percent in June from May, according to TransCore Freight Solutions, as truckload capacity dropped...
- Unemployment Rate Hits Six-Month High
U.S. employers last month hired the fewest workers in nine months, surprising analysts who had forecast stronger employment growth and...
- Freight Broker Revenue Grows 17.1 Percent
Freight brokers increased their revenue 17.1 percent in the first quarter from the same period a year ago as the third-party...
- Record Container Ship Capacity Growth Forecast
Container ship operators are scheduled to take a record amount of new capacity in 2012, with deliveries set to expand...
- Cargolux Finds Bullet Hole in Freighter
All-cargo carrier Cargolux has grounded a Boeing 747-400 freighter after maintenance staff detected a bullet hole in its fuselage. ...
- Air France-KLM Cargo Down, BA Up
Air France-KLM's cargo traffic fell 2.8 percent in June from a year ago as demand weakened amid political turmoil in...
|JULY 8, 2011|
- TNWA slashes transpac sling
- EC vision on future transport policy receives mixed reviews
- Pirate-attacked tanker blaze 'under control'
- Gothenburg's green initiative a success
- US/Mexico cross-trucking given green light after new deal inked
|JULY 8, 2011|
- Ramunia snaps up FPSO
Malaysian yard group storms floating storage market after picking up partially converted tanker at 'deep discount'.
- Odfjell ices IPO
Bump on the road shakes drillship player's hopes for a Norwegian float as deadline expires.
- SBM plots FLNG assault
Floating storage giant teams with PTTEP Australasia in a bid to cash in on LNG market.
- Songa Venus in orbit
Oslo-listed offshore contractor hammers out $82m rig deal with Malaysian energy giant Petronas.
- Omega in Chapter 11
George Kassiotis-led product tanker owner slams 'unwilling' lenders as it braces for bankruptcy blow in US court.
- HMM scoops KLC tanker
Hyundai Merchant Marine coughs up $42.5m to take another Korea Line aframax off the auction block.
- Opec output stable
Cartel's crude exports steady as IEA countries release emergency reserves.
- TNWA halts Pacific run
Three container lines decide to suspend route from China/Korea to California in over-tonnaged market.
- Box record-breaker
More containership newbuilding capacity will enter the market next year than ever before, Braemar says.
- Caspian orders double
Azerbaijan state owner signs for two ro-paxes at Uljanik in Croatia.
- Och-Ziff buys into STX OSV
New York hedge fund group splashes out $235m to take a significant shareholding in offshore vessel shipbuilder.
- Doing the biz down under
The challenge of the offshore market when you are working upside down, how never ending loss can force a rethink and a revelation into the likely response if you fire a gun at an armed man.
- Oshima eyes Vietnam
Japanese builder planning $185m new shipyard in Cam Ranh City, for operation by 2017.
- Vopak makes Indian play
Dutch tank terminals group eyes more growth by buying CRL Terminals at port of Kandla.
|JULY 8, 2011|
- Washington Notebook
- Six years, $230 billion
- New World Alliance to drop transpacific loop
The New World Alliance is withdrawing a transpacific service this month due to "slowing demand for retail merchandise and corresponding reductions in inventory replenishment by retailers," NWA member Hyundai Merchant Marine said Thursday. The Hyun...
- Pending FTAs pass Senate, House committees
The Senate Finance and House Ways and Means committees on Thursday approved pending U.S. free trade agreements with South Korea, Colombia and Panama in "mock" markups. "The three trade agreements are a sure-fire way to create American jobs by grow...
- Zim to raise Asia/East Coast South America rates
Container line Zim said Thursday it will seek to raise rates on the Asia/East Coast South America trade as of Aug. 1, saying current rate levels were "unsustainable." The proposed rate increase is $600 per TEU. Zim is part of a five-carrier consort...
- Shippers seeks more access to competing railroads
The National Industrial Transportation League, the nation's largest advocate organization for shippers, is asking the U.S. Surface Transportation Board to adopt new rules so that captive shippers served by a single railroad can more easily gain a...
- Companies keen on relocating to Mexico
Manufacturers are showing growing interest in relocating production in Mexico from Asia or opening new factories or sourcing there, said a new survey from consulting firm AlixPartners. The survey of 80 mostly large companies found 9 percent of com...
- CMA CGM drops Philadelphia from Black Pearl
CMA CGM is contracting the rotation and number of vessels operating on a service linking the East Coast of North America with the Caribbean and northern South America, according to research from American Shipper affiliate ComPair Data. The French l...
- Third small-ship Asia/Europe service pulled
A Far East/Europe service operated by PIL and Wan Hai was suspended July 3.Related News ' 'Small' ships fall away on Asia/Europe The lines' FES service had a rotation of Shanghai, Ningbo, Hong Kong, Nansha, Shekou, Singapore, Port...
- OceanSchedules.com to launch data feed
INTTRA's OceanSchedules.com said it will launch a data feed in September that would allow companies such as forwarders and shippers to import schedule information into their own computer systems. The company said the OceanSchedules Data Feed would...
|JULY 8, 2011|
- Bunker market experiences strong surge
Crude futures settled lower on a disappointing jobs report that triggered worries about oil demand.
- Bunker prices pushed South Korean operator 'to edge'
Company confirmed that high bunker prices also 'pushed it to the edge.'
- Netherlands crude stock release completed
Dutch government tendered 600,000 barrels of Brent crude and diesel last week.
- Third Sustainable Shipping awards see record attendance
Winners announced during awards dinner in London.
- Middle East bunker markets rise
Bunkering schedule 'extremely tight' in Fujairah.
- European bunker markets firming
Double-digit gains in many ports.
- IMO Committee to tackle key emission issues
Mandatory GHG controls and low sulphur availability to come under discussion.
- EC outlines changes to sulphur regulations for ships
Plans to bring in 'ECA standard' for passenger ships' as part of revised Sulphur Directive.
- MEPC 62 special: The world can afford sustainable shipping
Taking a closer look at ballast water regulations, and a carbon levy on bunker fuel.
- Aegean subsidiary boosts capacity in Zeebrugge
Verbeke Bunkering moves another barge to the port to enhance operational flexibility.
- Prices showing strong gains in Asian bunker hubs
Mixed demand in key Asian bunker hubs on Friday.
- Singapore fuel oil stocks continue decline
Inventories expected to rise in the second half of July.
- Bunkers-only calls dip at Far East Russian ports
Local suppliers see 'almost no bunkers-only calls' since tax duty.
- Oiltanking Partners prices IPO
Expects to raise up to $241.5 million, in line with earlier expectations.
- Bunker trading firm 'increases focus' on Asia
Opens representative offices in Beijing, Fuzhou and Taipei.