|DECEMBER 12, 2011|
- Baltic index up again; capesize earnings soar
The Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose for a third day on Friday helped by firm iron ore trade to China, with earnings for the larger capesizes jumping to their highest in over a year.
- China joins Mekong River patrols
China says its armed police began joint Mekong River security patrols on Saturday with forces from Myanmar, Laos and Thailand, a development likely to deepen Beijing's influence in an unstable region on its southern flank.
|DECEMBER 12, 2011|
- Shanghai index continues to fall, Asia-Europe rate slips below US$500/TEU
- Dockers union, truckers snub today's Occupy shutdown of US west coast ports
- United States appeals to WTO to adjudicate chicken war with China
- Mega vessels hold key to survival as rates sink, says MSC vice-president
- Singapore analyst sees reason for transpacific rate rebound in January
- Taiwan shipbuilder CSBC has plump box ship order book in year ahead
- DP World's Jebel Ali expansion to up capacity to 19 million TEU by 2014
- Shandong ports' throughput growth slows down
- MSC launches transpacific US west coast to Australia, New Zealand
- Thai flood disaster will slow PC hard drive shipments into late 2012
- Hamburg picks Dubai as transit point to Mideast, Asian, African markets
- Asian banks are only untapped resource left for shipping finance
- Vanguard Logistics Services opens Valencia, Spain's big box base
- IATA says Eurozone crisis risks US$8 billion loss for world aviation
- 2 Cargolux execs jailed 13 months after pleading guilty to price fixing
- Singapore's SIA Cargo joins other carriers with Chongqing service
- Lufthansa Cargo opens Frankfurt hub for temperature sensitive freight
|DECEMBER 12, 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
|DECEMBER 9, 2011|
- Air Uganda to launch Mombasa and Zanzibar service
Starting Sunday, 11 December, Air Uganda is introducing a new service from Entebbe to Mombasa in Kenya and Zanzibar in Tanzania. Overall frequency to Mombasa is twice weekly, but i...
- SNCF timetable change brings hurdles for rail cargo
SNCF's planned switch to the winter timetable on 11 December will see rail cargo transport negatively affected in France, as infrastructure work worth EUR 13 billion will be carri...
- TX Logistik certified as railway waste disposal expert
TX Logistik in Germany has again been certified as a waste disposal expert. The technical requirements for correct transport operations, the expertise of employees, comprehensive ...
- FleetPride acquires Greeley Truck Parts
FleetPride, the USA's largest independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Greeley Truck Parts, an independent heavy-duty parts store bas...
- Toyota launches Pixis van and truck in Japan
Toyota has launched the Pixis van and truck in Japan, two vehicles that are the first economical mini vehicles to be launched under the Toyota brand. They will be sold through mor...
- Changes at European inland waterways body
Dr Philippe Grulois, the president of the Association for European Inland Navigation and Waterways (AEINW), welcomed new members to the executive committee and advisory body follo...
- Demag Cranes supplies first mobile units to Papua New Guinea
Demag Cranes has supplied its first-ever mobile harbour cranes to Papua New Guinea. Two Gottwald Model 6 units were recently commissioned in the third-largest island state in the ...
- Port of Hamburg office in Mumbai officially opened
The Hamburg joint representative office in Mumbai, supported by the port of Hamburg's marketing unit, the government of the state of Hamburg and the Hamburg chamber of commerce, wa...
- Icao offers online global safety report
The International Civil Aviation Organisation (Icao) has released a snapshot of worldwide aviation safety performance and collaborative efforts among international air transport s...
- Eurozone crisis biggest risk to airline profits
Iata has revised its industry outlook, with profitability for 2011 remaining weak but unchanged at USD 6.9 billion, for a net margin of 1.2%. Looking ahead to 2012, Iata downgrade...
- Rhenus cooperating with Balnak in Turkey
The Spanish subsidiary of the German logistics company Rhenus is now cooperating with the Turkish transport provider Balnak Logistics. Rhenus is creating a new weekly internationa...
- Joint DB Schenker Logistics and Khimji Ramdas venture in Oman
DB Schenker Logistics is establishing a joint venture in the sultanate of Oman with the Khimji Ramdas Group, its long-standing partner. From spring 2012 the new company Schenker K...
- Greiwing expanding in Germany
The transport and logistics enterprise Greiwing is expanding its activities in southern Germany. An administrative centre and two logistics halls for food and non-food products, a ...
|DECEMBER 9, 2011|
- Navy completes final alternative fuel demo for the year, achieves record speed
- $9.98 million in federal funding available for small U.S. shipyards
- New Indonesian patrol boats to combat smuggling and crime
- BSEE issues additional set of Deepwater Horizon violations
|DECEMBER 9, 2011|
- Commerce Department report finds drop in exports during October
- US rail freight traffic numbers roll to positive side during week
- Bellingham holiday festival raises thousands for Red Cross
- Horizon Lines shareholders Ok 1 for 25 reverse stock split
- K Line adding service calling China, Vietnam
|DECEMBER 9, 2011|
- Chinese iron ore demand pushes capesize rates to 21-month highs
Fresh 2011 high prices reported as China estimates 20% growth in ore demand to 2015
- Aframax earnings spike as charterers compete for ships
Average earnings of all reported routes rise fivefold in a week
- UK maritime training needs support
The funding of cadets has been one of the recent UK success stories
- Tanker pools: because every little helps
Tanker owners eye pool agreements in unsteady waters
- Suezmax owners must make the most of aframax Black Sea rally
Price spike to ship 80,000 tonne cargoes should see cheaper and larger suezmaxes become preferred choice for charterers
- Qingdao iron ore price up 20% over the last six weeks
Price reaches $141 per tonne, a level that Vale director says should stick for a while
- Machine-readers reject thousands of transport workers' biometric ID cards
26,000 TWICs missing a digit,TSA admits
- Navios Partners has edge in cost-sensitive era
Analyst views company's yield as 'secure' for next two years, but underlying conditions facing dry bulk remain difficult
- Brazil's gasoline imports hit record high
Rising demand and reduced ethanol output boosts product tanker shipments
- Daily LNG shipping rates to soar to $170,000 by 2013
Charterers to pay a higher percentage of cargo value in freight costs
- Security trade body raises funds for commercial off-shoot
SAMI founders tight-lipped over £5m venture
- Nordic American boss stands by company's lucrative dividend policy
Suezmax spot market specialist is 'fundamentally different' from listed peers, says Herbjørn Hansson
- Unmasking the mystery buyer
The scale of the Rongsheng order narrows it down to a handful of Chinese state players
- NewLead notches fifth arbitration triumph against TMT
Two awards so far paid but total outstanding is $9.7m, says Greek owner
- China to source domestic iron ore
Self-sufficiency drive threatens dry bulk trade
- Syria declared war risk area
But no attacks yet seen against shipping, says LMA
- Increase in new oil suppliers offers hope for tanker sector
Growth over the next 25 years will change trade patterns, keeping carriers on the water for longer
- US shale oil changes energy market
Discoveries help to reduce reliance on Middle Eastern crude
- Brazil's pre-salt boom faces 'considerable challenges'
Recoverable oil and natural gas from reserves in areas such as the Santos, Campos and Espirito Santo basins could come to more than 50bn barrels of oil equivalent
- Kazakhstan comes of age
Landlocked nation plans to raise oil exports from 1.3m barrels per day to 3m bpd by 2020
- Canada eyes oil exports to Asia
Tankers set for employment boost from new oil trade route
- Rotterdam freezes 2012 port dues to 'stimulate volumes'
Rate structure offers transhipment discount
- China, Japan and South Korea top export markets
Australia and New Zealand target Asia trade
- New Zealand ports lag behind Australia
Terminals turn in an average performance in terms of crane rates
- German owners poised for switch to EU flags
Members of shipowners' association VDR will act to protect favourable German tonnage tax
- US delays to E15 gasoline bring relief to product tanker owners
Higher ethanol content in fuel will reduce shipments from Europe to US
- No respite for embattled box trades
Indices on the slide again
- Riding on China's coat tails
Australia's economic and maritime future is becoming increasingly focused on Chinese growth
- Interferry and IMO push southeast Asia ferry safety plan
Move follows inaugural forum in Indonesia
|DECEMBER 9, 2011|
- VDR, Berlin agree to €30M compromise
MEMBERS of the Germany's VDR shipowners' association have adopted a €30M qualification and employment scheme in return for Berlin's resumption of government aid
- Asian LNG shortage warned
CREDIT Suisse has predicted Asia will be short of LNG until 2017
- SEC lifts IPO veil
A SUDDEN SEC rule change could lift the confidentiality of shipping IPO hopefuls
- Savannah dredging challenged
A COALITION of green groups is challenging a key regulatory permit that would allow Savannah to deepen its channel to accommodate larger box ships
- Owner fined for UK dumping
A TANKER owner has been fined £95,000 ($148,000) for fouling UK beaches with palm oil
- Estonian boxes gain 29%
CONTAINER volumes rose by 29% in first 11 months of 2011 in Estonia, according to Tallinn Sadam, administrator of its ports
- Ferry safety plan agreed
A PLAN for safer ferry operations in developing nations has been drawn up by the IMO and the trade group INTERFERRY
- China takes 322% more Newcastle coal
CHINA was the only major importer to raise coal cargoes from Newcastle in November, reported IHS McCloskey
- $170,000/day LNG ahead?
LNG RATES could hit $170,000 per day within two years after exceeding $100,000/day this summer, a key shipping analyst has predicted
- China urged to shelve island terminal scheme
CHINA'S environmental ministry wants plans suspended for an island oil terminal at Ningbo-Zhoushan, according to the China Port Association
- LR1 and LR2 rates diverge
BROKERS told Fairplay today rising availability for long-range 1 tankers has resulted in rates diverging with bigger LR2 tankers
- Lower oil prices rock rig builders
PROSPECTS for Singapore rig builders Keppel and Sembcorp Marine look decidedly cloudier, Maybank Kim Eng Securities warned today
- Supramax blues seen persisting
BROKERS told Fairplay today that loss-making Supramax bulker rates now prevailing in Asia are expected to continue into the 23-24 January Chinese New Year
|DECEMBER 9, 2011|
- Long Beach Port Plans Grain Facility
The Port of Long Beach released the draft environmental impact report on a proposal to build a grain export facility...
- FedEx Prepares for Busiest Day Dec. 12
FedEx expects Monday to be the busiest day in its history. The package giant forecasts 17 million shipments will move...
- Trade Union Rejects Occupy Move on Ports
A second major labor group announced its opposition Friday to plans by the Occupy movement to shut down the port...
- Landstar Has 'Great Optimism' on Freight Surge
Rising freight volume and strong rate increases are lifting spirits as well as earnings at Landstar System, the sixth largest...
- JOC Economist Lowers 2012 Import Forecast
Expectations of a sluggish U.S. economy led Journal of Commerce Economist Mario O. Moreno to lower his forecast for growth...
- Panalpina to Create Three Regional CEO Positions
Panalpina will create three regional CEO positions, with one chief position each for the divisions of Europe and the Middle...
- Lufthansa Cargo Falls 9.4 Percent on Flight Ban
Lufthansa Cargo's traffic slumped 9.4 percent in November from a year ago, as a night flight ban at its Frankfurt...
- Horizon Shareholders Approve Reverse Stock Split
Horizon Lines shareholders approved a 1-for-25 reverse stock split that follows the company's $652.8 million recapitalization announced in October. ...
- Cargolux Execs Get 13 Months for Air Cargo Price-Fixing
The former CEO of Cargolux, Ulrich Ogiermann, and his top deputy accepted sentences of 13 months in prison and fines...
- Asia-Europe Rate Index Falls Below $500
The Shanghai Shipping Exchange measure for spot container rates to Europe fell below $500 this week, the lowest the SCFI...
- Finding the True Cost
Driven by capacity concerns and sky-high operating costs, more private fleet owners are converting all or part of their fleets...
- Changing Climate For Shipping
With this month's United Nations climate change conference wrapping up in Durban, South Africa, the fissures around the world over...
- Network Solutions
The space-sharing pact APL and MOL announced last week on their intra-Asia services was hardly the largest slot agreement in...
- Trucker, Broker or Both?
Q: You've written lately about several truckers who have, as you've put it, "subcontracted" loads to other carriers. I know...
- Trucking Dedicated to Growth
The dedicated contract carriage sector is set for another strong year after double-digit growth this year. Shippers seeking capacity or...
- Port of Mumbai Container Traffic Falls 12.7 Percent
India's Port of Mumbai saw container traffic in November fall 12.7 percent year-over-year, while total tonnage rose 3.4 percent from...
- ANA Cargo Traffic Slips, JAL Tonnage Plummets
Japan's All Nippon Airways saw cargo traffic slip 0.3 percent in October from the same month last year September, while...
- "K" Line to Operate Slots on China-Vietnam Loop
"K" Line is launching a new weekly intra-Asia service from North China to Ho Chi Minh City as a slot...
|DECEMBER 9, 2011|
- CMIT sets pace in Vietnam
The APM Terminals (APM T)-managed Cai Mep International Terminal (CMIT) in Vietnam is setting the pace when it comes to cargo-handling productivity, and cargo volumes ...
- Carriers consolidate capacity offerings for slack season Asia/ECSA market
The main operating groupings in the Asia-South Africa/east Coast South America trade have decided to rationalise their service offerings. The move should enable ...
- Yangtze bottleneck warnings as shipping demand is 'woefully underestimated'
Cargo volumes on the Yangtze are continuing their upwards climb - but traffic levels are so much higher than estimated that industry experts have warned that the ...
- K Line boosts China-Vietnam trade on back of FTA
K Line is the latest carrier to capitalise on the Free Trade Agreement (FTA) struck between China and South East Asia as it is launching a new service ...
- Obituary: Harry Kleipas
One of the pioneers of European shortsea container feeding in the North Sea and English Channel, Harry Kleipas, has passed away after losing his final battle with ...
- Saudi Arabia Government to address productivity issues
The Saudi Arabia Government has instructed the Council of Saudi Chambers of Commerce and Industry (CSCC&I) to investigate what it describes as 'deteriorating ...
- Stocks suffer ahead of eurozone deal
European shares tumbled yesterday after the European Central Bank [ECB] squashed hopes that it would act as a 'lender of last resort' to heavily indebted eurozone ...
- German exports take hit
A 3.6% decline in German exports in October, versus the previous month, was significantly worse than the 1% expected by the markets, confirming that Europe's biggest ...
- New Intermodal terminal for Bucharest
Tibbett Logistics has opened a second intermodal terminal within Europolis Park in Bucharest, further promoting the port of Constantza as a gateway into Romania. ...
- The '99%' react against Occupy's USWC port shut-down
A proposed shut-down of US west coast ports on Monday by the 'Occupy' movement is struggling to garner support from the 99% of the population that it purports to ...
|DECEMBER 9, 2011|
- Swiss Marine linked to cape
Dry-cargo titan is the latest firm tipped to have purchased a Japanese-controlled capesize bulker.
- Germans call for help
Shipping association VDR's chairman Michael Behrendt urges northern states to finance owners as bank credit runs short.
- NEWL tops TMT in fifth round
US-listed owner lands another victory in charter default battle as TMT Bulk's overdue tab nears $10m mark.
- USC keeps growing
Russian state shipbuilder bags two shipyards, plus tug and barge fleet, as part of takeover of Caspian Energy.
- Another one bites the dust
India's SCI continues fleet clear-out with sale of elderly handymax.
- Fereira: VLOC sales pending
Vale boss admits its 19 giant bulkers are close to being sold due to their drain on the company's finances.
- Bunker block angers greens
Greenpeace accuses US, China and India of opposing plans for bunker levy to raise cash for climate fund.
- Crisis claims first victim
DSME is the first South Korean yard to cancel a newbuilding deal this year with $514m VLCC and cape contract dead.
- NAT unmoved on dividend
Herbjorn Hansson says first quarter payout will not be dashed by the rubbish tanker market.
- Cargoship on the rocks
Captain and chief engineer stay on Albanian-owned Edro III following grounding in storm off Cyprus.
- FOP sending FPSO east
Norwegian owner's new venture with Marubeni signs seven-year charter in Vietnam for new production unit.
- Latvian tanker trio for sale
Riga-based owner forced into offloading handysizes by banks as it seeks to raise cash reserves.
- Daewoo calms drillship talk
Korean yard denies discussions with Brazil's Petrobras over big new contracts for drilling vessels and rigs.
| - Ocean news||web site|
|DECEMBER 9, 2011|
|DECEMBER 9, 2011|
- Bunker prices end week with softening prices
Oil climbed the most in more than a week.
- COP17: Canada urged to support shipping tax
As negotiations continue, Oxfam policy advisor says enough finger pointing and suggests it is time to show leadership.
- US Navy vessel achieves fastest speed using alternative fuel
Another 'Wright Brothers-moment' as the Navy pursues sustainable sources to protect it from the volatility of the fossil fuel market.
- San Diego considers renewable energy facility
Biogas produces a mixture of methane and carbon dioxide that can be used as fuel.
- Maltese government challenged on planned bunker tax
Bunker sector warns 2012 budget proposal will fail as ships 'could bunker elsewhere'.
- Markets end week on softer note
380 cSt down by $10 pmt in Fujairah, smaller price drops seen elsewhere.
- European markets soften
Customs in Greece will be closed on Monday due to a National Holiday.
- New studies show link between PM and health risks
California Air Resources Board says studies 'underscore the need to eliminate the threat' of PM from California's air.
- Piracy creating 'no-go zones' for bunker suppliers
Several suppliers have had tankers hijacked or attacked in the Gulf of Guinea in the past year, forcing oil trade and bunkering activity to move.
- Singapore bunker fuel prices down by double-digits
Price of 380 cSt grade in Singapore fell $25.50 to $653.50 pmt on Friday.
- Brightoil sourcing for 15 newbuilds in Korea
Move to build newbuilds in Korea 'expected' as Brightoil was in contact with Korean shipyards, says sources.
- South China fuel oil inventories slightly down
Fuel oil volumes across southern China at 1.76-1.78 million mt.
- Norwegian shipbuilder launches dual fuel Viking Prince
Vessel will be delivered in March 2012, with sister ship scheduled for delivery in September 2012.
- SCI to deploy more ships to spot market
Company is slow steaming some of its vessels to cut bunker fuel bills.
- Swedish port authority orders shore power system
ABB to provide largest shore connection frequency converter in the world.