|OCTOBER 11, 2011|
- France's Le Havre sets its sights on transshipment
AFTER two years of regulation upheaval and jousting with labour unions, the port of Le Havre - France's largest container port - is ready to tackle the transshipment market.
- Shipping industry faces financing squeeze
The shipping industry will face tougher financing conditions in the next 24 months as banks tighten credit lines with more asset sales and ship seizures expected, industry bankers said.
- Tanker sector fears for future over earnings rout
There is growing concern that if oil tanker earnings remain at levels below operating costs it will threaten the sustainability of the industry, officials with industry association Intertanko said.
- CMA CGM denies China ship order report
|OCTOBER 11, 2011|
- US Treasury warns Hong Kong that doing business with Iran's IRISL is illegal
- 'Daily Maersk' volume, eco-law embrace, said designed to eliminate rivals
- North Europe box volume up 7-10pc, but port tracker predictions gloomy
- Drewry's World Container Index expands to cover 550 trade routes
- Indian shipowners want UN to raise and maintain piracy suppression force
- MPA celebrates 'K' Line contribution to Singapore's maritime life
- Indian government ports volume up 4pc to 3.9 million TEU in six months
- TNT issues Q3 profit warning, though cost cutting mitigated weak sales
- No damage done to engines because of slow steaming, says Maersk study
- LA port opts not to appeal ruling against its ban on independent truckers
- IAG cargo up 1.6pc as Iberia beats BA due to South American economic boom
- Ethiopian Airlines becomes the first African air carrier to buy a B777F
- US Government auctions off 41-year-old 747 with opening bid of US$150
- Singapore to hold international air safety seminar November 1-3
- United Continental's September performance declines by 1.7pc
|OCTOBER 11, 2011|
- MAERSK LINE to hike US-Far East rates from November 15
- CKYH cuts two transpacific routes
- CMA CGM increases rates, surcharges
- CSAV Norasia announces direct Rotterdam call on IMEX 1 service
- EVERGREEN LINE joins Japanese lines on Asia-Oceania loop
- ICCSA's coastal shipping workshop today
- India Shipping Summit 2011 conference from today
- Isle of Man Ship Registry backs seafarers' rights & strengthens commitment to Asia
- Kerala plans to convert Vizhinjam into Major Port, attracts 31 firms
- MoS wants Plan panel to define sea usage norms
- Italian firm Soilmec begins using Arshiyas Mumbai FTWZ as import, re-export hub
- Exporters upset by cut in duty drawback rates
- Fitch trims India's GDP growth forecast to 7.5 pc
- Verma calls for export duty hike to resolve iron ore shortage
- BCHAA organises another training programme for CHAs
|OCTOBER 10, 2011|
- Hybrid truck undergoes On-road testing
MAN Truck & Bus is currently putting its new hybrid truck to the test. In cooperation with wholesaler Arndt & Co, two MAN distribution trucks are being tested at the Munich...
- USD 370.3 million towards Gabun's roads
Die African Development Bank (AfDB) has granted a loan of USD 370.3 million for the refurbishment of roads in Gabun. The money will be invested in the Mouila-Ndendé and Ndendé-Tchi...
- PCC Intermodal opens container terminal in central Poland
PCC Intermodal, the Polish intermodal transport company, has opened the first contemporary logistics and throughput centre in central Poland, the container terminal in Kutno. The t...
- More staff for DHBW Lörrach logistics course
Due to the growth of the freight forwarding, transport and logistics business course at the Dual College of Baden-Württemberg in Lörrach, professor Frank O. Bayer has appointed an ...
- Ceva signs three-year contract with Miele in South Africa
Logistics and SCM specialist Ceva Logistics has signed a three-year contract with Miele, a global premium brand manufacturing domestic appliances and commercial machines for laundr...
- SBS Worldwide signs new supply chain deal with Gopsons in India
Logistics company SBS Worldwide has signed a new partnership with Gopsons, one of India's largest integrated print houses, which is designed to deliver more effective and comprehen...
- Freja Transport & Logistics earns AEO status
Danish transport and logistics company Freja has earned AEO (Authorised Economic Operator) status. AEO is an ISO certification: the company's processes and process descriptions a...
- More XXL container ships in Hamburg port
In a quick survey recently published by UniCredit of the world's key container shipping companies, the port of Hamburg continues to be one of the most important ports in Northern E...
- APL tests supply chain security with help of FBI and others
APL and law-enforcement officials, including the FBI, most recently successfully tested anti-terrorism capabilities at the shipping line's Seattle, Washington, marine terminal. It...
- CMA CGM has no short term plans
CMA CGM Group recently stated "that it has no short-term plans to either purchase or long-term charter-in any vessels. The group has a modern fleet of 408 ships, of which 92 a...
- Tobias Schmidt takes new role at DSV Air & Sea
As of 1 October, Tobias Schmidt became regional director Central Europe DSV Air & Sea. He is now responsible for the airfreight and seafreight activities of DSV in Germany, Fra...
- Funds granted for further section of LAV Madrid - Galicia
Spain's Ministerio de Fomento has granted Comsa und Anchelergues y Asociados EUR 51.5 million for the construction of a further section of the LAV Madrid-Galicia. The Canda - Vilav...
- ANAMA announces Quality Awards Italy 2010
Last Tuesday more than 250 people attended at Milan's Palazzo Mezzanotte, the picturesque location of the Italian Stock Exchange, the Quality Award Italy 2010 ceremony, the traditi...
- IATA disappointed with CJEU ruling
The International Air Transport Association (IATA) expressed its disappointment in the opinion of the Advocate General of the Court of Justice of the European Union (CJEU) which di...
- Air cargo liberalisation opens up new economy highways in the sky
Removing a bilateral system that is 'stuck in the past' and creating a liberalised air cargo industry will create 'new economy highways in the sky' and provide countries with quick...
|OCTOBER 10, 2011|
- Fabrication of third JHSV underway at Austal USA
- Gibdock drydocks survey vessel bound for Brazil
- Maersk, Apex to work jointly on offshore wind development
|OCTOBER 10, 2011|
- Coast Guard warns mariners of sunken barge in Columbia River
- AAR responds to formation of rail labor emergency board
- NYK plans to expand maritime academy facilities
- Abnormal journal bearing wear removes WSF ferry from service
- Ethiopian Airlines places order for four Boeing 777 Freighters
|OCTOBER 10, 2011|
- Calculating the chances of a shipping industry slump
History shows that freight rates drop sharply when the differential between growth volumes and vessel capacity drop by more than 5%
- What lessons will we learn from the Nordlys fire?
The ISM code has to remain a relevant and understood rule
- Grimaldi invests for the future
Newbuildings will be offset by scrapping of older tonnage
- Grimaldi's vital fixture
The annual From Land to Sea convention has become an established forum for debate and networking
- Customs resist intra-European shipping project
Bid to reduce red tape to make maritime transport as efficient as road haulage
- Italy catches up with logistics
Ecobonus scheme wins praise and may be copied by Brussels
- Milford Haven trials 3D VTS system
Increased situation awareness could help in accident prevention and incident analysis
- Open sourc software to aid e-navigation development
Holistic concept being pushed by maritime bodies aims to improve safety
- EEDI targets for tankers and bulk carriers will be easy to achieve
Shift from economic drivers to fundamental design criteria will support design innovation
- Owners realistic over VLGC rates spike
Very large gas carriers hit fresh highs as Middle Eastern cargoes enter market
- Naval support for anti-piracy fight set to decrease
Austerity policies and other commitments will see vessels removed from region
- Owners call for co-ordinated approach to piracy
Europe's various agencies are too fragmented, says ECSA
- UK harbour masters 'implore' shipping minister to reinstate ETV
HMA says removal of provision unacceptable risk to seafarers, amid rumour of Scots U-turn
- Maersk tops container line schedule reliability list with 82%
SeaIntel places Danish carrier first followed by Hamburg Süd and MOL
- Aframaxes face rocky road ahead as demand flattens while earnings stagnate
Shorthaul specialists will not benefit from rising world oil demand
- Insolvencies of KG ships increase due to weak bulker market
Five vessels financed by GHF to be placed in rescue company until market improves
- Malaysia to allow international ship arrests in its ports
Amendment allows new area for shipping industry to seek arbitration
- No repeat of 2009
This time, container shipping's boardroom thinking may be a little different
- SCI cancels three boxships from Cochin Shipyards over pricing
Move is first sign that state-owned Indian line is slowing acquisition scheme
- Box lines heading for 2011 losses despite 7% trade growth
Lines only have themselves to blame, says Drewry
- Secondhand VLCC values plummet to near scrap levels
Twelve-year-old very large crude carrier sold for $28m, with its scrap value at $22m
- No place to party
Trinity Gardens, London's memorial to 35,000 merchant seafarers who lost their lives, has been hired as a drinking venue
- Bangladesh sets up scrap monitoring team
Recycling rates volatile across all four major markets
- Patrick chief Paul Garaty resigns
'Mutually-agreed separation' announced but no reasons given for departure
- Mercator to buy two dredgers to add to fleet of five
India's planned ports expansion to give many opportunities for dredging, says company
- Salvors race worsening weather to pump fuel from stranded Rena
Removing 1,700 tonnes of fuel oil is priority for owners and salvors
- AMOU cancels Melbourne strike
Traffic officers unprotected by union laws after 83% of workers vote for agreement
- Chinese seafarers murdered on the Mekong River
Twelve killings appear to be related to drugs found on ships
- The monsoon is over and piracy is back worse than before
Attacks are set to be more frequent, more violent and will target a wider range of assets
- Sixth worker dies in Keppel accident
Three others in intensive care after stern ramp fell on scaffolding at Subic facility
|OCTOBER 10, 2011|
- Hardball breakers on top
TANKERS are faring better than bulkers in the scrap market, with end-buyers playing hardball on demolition candidates
- NZ races weather in grounding
WEATHER is today complicating the fight to contain a spill and pump fuel oil out of a box ship grounded near Astrolabe reef in New Zealand
- Maersk sets up US wind venture
MAERSK Line has set up a venture with a US partner to speed development of North American offshore power generation
- SCI plans Indonesian JV despite warning
SCI SAID today it plans a drybulk joint venture in Indonesia - even though just last week Delhi directed the government-owned group to brake such initiatives
- Captain lost off Norway
A MISSING captain of a sunken Norwegian coastal vessel was assumed dead today
- SCF chairman replaced
SERGEI Naryshkin, the Kremlin chief of staff, been replaced as chairman of Sovcomflot, the government-owned tanker operator
- Rosneft makes a POINT
RUSSIA'S government-owned oil company Rosneft has sharpened its focus in Asian by picking a Singapore group as its fuel oil broker
- Reefer ship sales reported
RUSSIA'S Murmantransflot has reportedly sold six reefer ships for $4M each to Greek buyers
- Gap narrows on Aframax resale and scrap
SHORT supply of 1990s-built Aframaxes is resulting in a tight gap between resale and scrap values for such vessels, a broking report indicated today
- VLCCs docked in bargain basement
BROKERS are still recovering today from last week's shock sale by Japan's Meiji Shipping of its 1999-built VLCC Takase for $28M
- Inquiry begins as Subic toll rises
REPAIR work on a car carrier at Keppel's Subic yard remained frozen today, as the death toll from last week's fatal accident rose to six over the weekend
- KPM's net income rises
KEPPEL Philippines Marine has posted a 23% increase in 2010 net income, to 831M pesos ($19.32M), from 676M pesos in 2009
|OCTOBER 10, 2011|
- Judge Says Labor Arbitrator Needed in EGT Dispute
The judge handling the volatile jurisdictional dispute at a grain terminal in Washington provided little clarification of the situation by...
- YRC Worldwide Plans Reverse Stock Split
YRC Worldwide is moving toward a reverse stock split to boost the per share value of its common stock and...
- Japan's Nagoya Container Traffic Up 4.9 Percent
International container traffic during the first six months of 2011 at the Port of Nagoya rose 4.9 percent year-over-year, as...
- Quality Distribution Expands Tanker Business
Bulk chemical hauler Quality Distribution paid $8.5 million for Greensville Transport of Virginia, expanding its intermodal tank container business. ...
- DOT Pays Out $7 Billion in 2011 Stimulus Funds
The transportation piece of the Obama administration's 2009 stimulus program has paid out more than $7 billion in the first...
- Ferrovial Trims BAA Stake Below 50 Percent
Ferrovial cut its stake in BAA to below 50 percent, in a deal valuing the operator of London Heathrow, Europe's...
- Air France-KLM Cargo Traffic Falls 3.4 Percent
Air France-KLM's cargo traffic in September dipped 3.4 percent year-over-year as a steep decline on the Asia-Pacific network outweighed a...
- Qatar Airways Adds North America Freighter Services
Qatar Airways is launching scheduled freighter services to Atlanta, Houston and Toronto, the latest expansion in the Gulf Arab carrier's...
- Philippines Airlines Resumes Cargo Operations
Philippines Airlines' cargo business resumed last weekend after one of the country's largest cargo carriers completed the outsourcing of its...
- Drewry Says Container Lines Face More Losses
Excess capacity and insistence on chasing unprofitable market share will cause many container ship lines to lose money this year...
- Myanmar Port to Open Up North East India Trade
A $120 million port and multimodal transport project in Myanmar will open up international trade with India's isolated North East...
- India Port Privatization Plan Suffers Setback
India's port privatization program suffered a serious setback when all major shortlisted bidders pulled out of a tender to build...
- Recession, Round Two?
While economists and observers of trade flows have been debating contradictory data on the direction of the U.S. economy for...
- Recalling a Recall
Before the Food Safety and Modernization Act was signed into law at the beginning of the year, the Food and...
- US, China Play Chicken
The Obama administration in late September filed an unfair trade complaint with the World Trade Organization against China's anti-dumping and...
- Rx for US Pharma Trade
During the latest round of negotiations for the proposed Trans-Pacific Partnership in Chicago last month, U.S. officials unveiled a white...
- Savannah Expands Reefer Capacity
The Georgia Ports Authority approved a $4.75 million project that will expand the Port of Savannah's capacity for refrigerated container...
- USDA Markets in Vietnam
The U.S. Department of Agriculture in September held its first agricultural trade mission to Vietnam in Hanoi and Ho Chi...
- Dublin to Get Cool Center
The Dublin Airport Authority signed a deal with U.S.-based Lynxs Group to establish a major air freight hub at Ireland's...
- Pork Exports Surge
Exports of U.S. pork totaled 169,547 metric tons, valued at $480.1 million in July, an increase of 16 percent in...
- US Beef Exports Head for Record
Exports of U.S. beef in July set a new value record of $513.1 million on volume of 120,424 metric tons....
- Apollo Expands LAX Capacity
Apollo Freight, a specialist in perishables logistics, has begun construction on a 16,000-square-foot refrigerated center adjacent to Los Angeles International...
- Meat Exports Guidelines Published
The U.S. Meat Export Federation has published guidelines for managing and expediting the export of red meat products to Mexico....
- Damco Expands Sun America Operation
Damco, the freight forwarding arm of A.P. Moller-Maersk Group, finalized a deal with Sun America Imports, a U.S.-based import wholesaler...
- Weber Wins Sweet Deal
Weber Logistics has a new contract with German candy maker Storck to distribute more than a million cases of such...
- Maersk Adds Ecuador Service
Maersk Line has a new direct weekly service from Latin America to the Black Sea. Called Ecumed, the service links...
- CSAV Seeks Partner
Liner carrier CSAV says its board of directors will inject $1.2 billion into the company, and split the liner shipping...
- Import Fee Factor
Some in the perishables industry already are talking about lawsuits as the Food and Drug Administration rolls out new fees...
- Warehouse Growth Thaws
The refrigerated warehouse industry, like the rest of the cold chain, came through the recession without the dramatic drops in...
- OWL Goes Twice as Cold
Worldwide refrigerated trade is expected to grow at an unexciting but steady 3 percent annually for the next few years,...
- Pursuing Perishables
After a brief, recession-driven pause in growth in 2009, global perishable refrigerated trade expanded 3 percent in 2010, and is...
- Dangerous Liaisons
Q: We're a third-party distribution center operator, and often provide cross-dock services to our customers ' giving them a facility...
- No Joking Matter
There's an old joke, if you think economics can be funny, that goes, "Economics is the only field in which...
- YRC Worldwide: Rogers Moves Up
YRC Worldwide hopes to emulate the recent success of its regional carrier Holland on a broader scale by naming Jeff...
- FedEx Freight: Merging to Profit
FedEx Freight, the largest U.S. less-than-truckload carrier, increased revenue 6 percent in the last quarter to $1.33 billion...
- Con-Way 'Recovering Margin'
In some ways, Con-way Freight, with $3.1 billion in revenue last year, fared better over the past two years than...
- LTL Carriers Clear the Slate
Two years ago, the nation's largest trucking companies were locked in a no-discount-barred price war that slashed less-than-truckload rates across...
- PierPass Gets Passing Grade
Just how successful has PierPass been at the Port of Los Angeles-Long Beach? The nation's highest profile extended gate program...
- Global Warming Chills Suez
As container terminals up and down the 102-mile Suez Canal were closing briefly during Egypt's revolution last February, business through...
- Suez Terminal Swings Back
When political upheavals erupted across North Africa and the Middle East last February, it was just the beginning of a...
- Reviewing Broker Contracts
In establishing a broker business, every broker will have to learn to manage the details of contracts with motor carriers...
- Reaping the Trade Harvest
To U.S. farmers, the free trade agreements negotiated with South Korea, Colombia and Panama several years ago have been something...
|OCTOBER 10, 2011|
- Drewry predicts more doom and gloom for carriers
- Fears for crew of long-term pirated ships
- Rena disaster worsens
- 'First option' for liners means more pain for boxship owners
- China warns US on 'currency law'
|OCTOBER 10, 2011|
- Offshore millionaire
Powerful Norwegian anchor handler sets new high by pulling in NOK 1m per day charter hire.
- Schoeller ship taken
German group's tanker Cape Bird identified as the victim of Nigerian hijacking this weekend.
- Port strike hits Kuwait
Action by customs officers means delays for tankers loading in Persian Gulf country.
- Star strikes loan deal
Spyros Capralos-led dry bulk operator lightens overall debt burden and looks ahead to "further opportunities".
- NYK: single-digit growth
Japanese container line's chief Yasumi Kudo expects slim rise of 7% in volumes between Asia and the west this year.
- Hijack fear for D'Alesio bulker
Fate of dry-cargo newbuilding following pirate hit off Socotra unknown, sources say.
- Red run to roll on
Container lines will shoulder major losses next year unless drastic action is taken, Drewry says.
- Ro-pax breaks free
Near miss for research ship after Greek passenger vessel snaps six mooring lines in Italian storm.
- Shares scupper Havila offer
Offshore operator pulls plug on 'repair' offer as share values fall well below placement price.
- Houston to welcome big ships
Expanded Panama Canal will see more and larger ships calling at the southern US port.
- Cashing in on rusted steel
Is wearing a chunk of steel from a watery grave on your wrist high fashion or the depths of bad taste?
- Pirates snatch tanker
Chemical tanker hijacked off Lagos as West African piracy continues to escalate.
- Rena oil washes up
Black clumps appear on New Zealand beach as owner Costamare says grounded boxship's condition has not deteriorated.
|OCTOBER 10, 2011|
- Stars and stripes
- A yearly boom and bust cycle?
Drewry Shipping Consultants says "an excess of capacity on key routes, as well as poor discipline from carriers means that container shipping lines will not cover their cost of capital in 2011 and many will lose money once again." That gloomy outl...
- Salvors start removing oil from boxship
Maritime New Zealand said salvors are working to remove bunker fuel from the containership Rena which went aground last Wednesday on Astrolabe Reef near Tauranga Harbor off New Zealand's North Island. The government agency said workers began pumpi...
- Containers for protest art
An artist has created an artwork in Memorial Hill Park across the street from the Federal Reserve Bank of Kansas City, Mo., using standard freight containers.At the site, the stacked light colored containers spell out "IOU" and "USA" on the other. ...
- Investors pump $55 million into Southern Air
Oak Hill Capital Partners said it will invest an additional $55 million in Southern Air to help the all-cargo airline replace older aircraft in its fleet. The private equity firm has owned a majority stake in Southern Air since 2007. The air cargo c...
- Industry groups warn Buy American 'backfires'
A group of nearly 25 industry associations asked Capitol Hill lawmakers to avoid inclusion of additional "Buy American" provisions in the proposed American Jobs Act legislation. "When the United States erects onerous new Buy American barriers to i...
- NY man, firm guilty of illegal computer exports
Jeng "Jay" Shih, 54, a U.S. citizen, and his Queens, N.Y.-based company Sunrise Technologies and Trading Corp., pleaded guilty on Friday in the District of Columbia to conspiracy to illegally export U.S.-origin computers from the United States to ...
- Radiant results reflect acquisition
Radiant Logistics said it had a profit of $582,000 in the three months ending June 30, compared to $844,000 in the same period the prior year. The company said the results reflected its acquisition in April of DBA Distribution Services, which commo...
- Port of Long Beach looks at new office
Southern California's Port of Long Beach said it will discuss a potential lease or purchase of One World Trade Center in Long Beach at its board meeting on Monday. TheLos Angeles Timesreported the port has tentatively agreed to purchase the 27-sto...
|OCTOBER 10, 2011|
- Rosneft sharpens focus on Asia
POINT becomes exclusive fuel oil broker for the Russian supplier in South East Asia and the Far East of Russia.
- State-owned shipping company chooses Salalah
Port in Oman to become regional hub for India's SCI.
- IFO prices steady in Fujairah
No quotes for Durban.
- North European bunker markets firm
Hellenic refinery workers in Greece have announced strike, starting Tuesday.
- EU ship emissions down 10% in 2010
Decoupling emissions from economic growth sets EU on target to overachieve on Kyoto Protocol target.
- Supplier outlines plans for growth
Gulf Petrochem India will start new supply operations when Pipavav terminal comes on stream.
- St. Petersburg showing signs of recovery
Freight throughput up and bunkering volumes 'at pre-crisis level'.
- Cruise line wins Marine Environment Protection Award
Royal Caribbean's efforts recognised by the North American Marine Environment Protection Association.
- Week starts with mixed bunker prices at major ports
Supplies of bunker material mixed at key Asian ports on Monday.
- World excess of tankers may be limited by slowing speeds
Tanker market currently "bottoming," says CEO of Teekay.
- Shipowners 'bear brunt' of voyage deviation bunker costs
Additional bunkers spent to avoid pirate infested areas has 'more impact' on shipowners' overall earnings.
- Glander promotes veteran staff to President
Larry Messina has been in the bunker business for over 30 years.
- Bunker barge pumps oil off grounded vessel
Salvage operations suspended due to poor weather conditions.