|SEPTEMBER 13, 2011|
- Maersk to speed up Asia-Europe deliveries
MAERSK Line is attempting to fix the problem of chronic late Asia-Europe deliveries with a new 'conveyor belt'-type service.
- RAM reaffirms rating of Lumut Maritime
Malaysia's RAM Ratings has reaffirmed the A1 rating of Lumut Maritime Terminal Sdn Bhd's (LMT) RM60 million (S$24.3 million) Bai Bithaman Ajil Islamic Debt Securities (BaIDS), with a stable outlook.
- Zanzibar ferry death toll seen rising sharply
The death toll from Tanzania's ferry disaster could significantly rise after it emerged there were more than 1,000 passengers aboard the vessel when it capsized last week, a senior Zanzibar official said yesterday.
|SEPTEMBER 13, 2011|
- US Customs: August box imports down 2.79pc, but up 2.35pc year to date
- Shipowners seek UN troops posted on ships transiting pirate infested waters
- Oxfam, World Wide Fund seek to impose United Nations carbon tax on shipping
- Fujian's road and water transport volume up in first seven months
- Jilin's first half road freight volume increases 18pc, but rail declines 9.2pc
- US fines Hamburg's Uniteam US$800,000 for hiding Puerto Rico bilge dumping
- Maths@Sea web programme launched by UK charity Marine Society
- Drewry Asia Air Freight Price Index falls 9.3pc to five-month low in July
- IATA's Tony Tyler: Deploy technology to make air security quick and easy
- Missouri governor avoids hot button issue in pursuit China air hub plan
- Auditor turns protectionist as Air India loses market share to Mideast carriers
|SEPTEMBER 13, 2011|
- Bunker industrys annual convention in Barcelona in November
- Curious case of a forwarder not being an MTO
- Evergreen Marine named top supplier for Sears during 2010 peak season
- Global shipping industry calls for UN armed force against Somali pirates
- MOL hikes Far East-Subcontinent rate by $100/TEU, $250/TEU
- MoS mulls deploying 3 ETVs on the coasts
- MSCs transhipment focus on N. Europe, Indian Ocean, Australia loop
- Surge in box traffic between Port of Hamburg & Poland
- US FMC wants seven months more to investigate quasi conferences
- Wan Hai, Interasia launch Japan-Singapore NS3 service
- High output, low local price push up cardamom exports
- Bids invited for Gangavaram port dredging
- Essar Ports to cut dependence on group cos to mitigate risk
- Domestic textile players may have to adopt best global practices soon
- FinMin directs banks not to raise EMIs of SMEs
- GST should be in place by April 2012 as per schedule: Sushil Modi
- New service tax circular would expedite refund claims: Fieo
- Sharma seeks 18,500 cr. to set up 7 investment zones
- The execution dilemma
- Workshop on 'EPCG Scheme & Project Import' on Sept. 23
|SEPTEMBER 12, 2011|
- Success of Precision Air's Dar es Salaam-Johannesburg service
In a month Arusha (Tanzania)-based Precision Air is to introduce a fifth weekly service on its Dar es Salaam-Johannesburg (South Africa) route, which was launched on 24 August. The...
- FAA proposes penalty against MIT
The Federal Aviation Administration (FAA) is proposing a USD 175,000 civil penalty against the Massachusetts Institute of Technology (MIT) for alleged violations of hazardous mater...
- Lufthansa Cargo Charter flies horses to Calgary
Every September the world show jumping community looks to Spruce Meadows, Calgary, Alberta (Canada), as the best athletes compete for top prizes and international acclaim during th...
- Russian Railways ships 105 million t of freight in August
In August 2011 Russian Railways shipped 105.5 million t of freight on its own network, an increase of 0.5% over August 2010. Cargo turnover increased by 2.4% compared to the same m...
- Transics to fit 4,000 Transalliance trailers with telematics equipment
Transalliance, a pan-European freight forwarder, will fit its 4,000 semi-trailers with Transics' TX Magellan Geo trailer management system this year. Transalliance has gradually be...
- Chinese truck maker to launch heavy lorry for export
The Chinese truck manufacturer Beiqi Foton Motor Co is planning a heavy-duty lorry for the US and European markets, reported China Daily recently. It will be the first Chinese mode...
- Bill Post joins US Airways board
US Airways recently announced that William J. Post, retired chairman and CEO of the Pinnacle West Corporation and former president and CEO of Arizona Public Service, has joined its...
- New forestry terminal in Gothenburg halfway to completion
The construction of a new forestry terminal in the port of Gothenburg is halfway to completion. Gothenburg's standing as an export gateway for Swedish paper will be boosted further...
- Loxx continues to expand
At the start of September Loxx Holding, the Gelsenkirchen-based German holding of an international group of logistics companies, acquired a 20,000 sqm plot of land next to Loxx's G...
- Hamburg and Genoa forwarders conclude agreement
The Association of Hamburg Freight Forwarders (VHSp) and Spediporto, the Association of Freight Forwarders, Couriers and Transporting Companies of Genoa (Associazione Spedizionieri...
- Geodis acquires Pharmalog
The French forwarding and logistics company Geodis Group is strengthening its position in the healthcare market with the acquisition of the pharmaceutical pre-wholesaler Pharmalog....
- HRCI falls again
The Howe Robinson Container Index (HRCI) decreased from 718 points for the week ending on 24 August to 692 points in the week closing on 7 September. This 26 point decrease represe...
- Fesco reports good H1 container business
Russia's Fesco Transportation Group reported good results in its container business. Container sea trade in H1/2011 saw a significant 46% increase, to 214,000 teu, compared to 146,...
- Indian Railways freight volumes up
Indian Railways carried 389 million t of revenue-earning freight between April and August. The cargo carried showed an increase of 22.36 million t over the freight traffic of 367 m...
|SEPTEMBER 12, 2011|
- Cal Dive International announces promotions
- Offshore accommodation vessel surveyed using laser scan
- INTERVIEW: Castrol Environmental Specialist Susannah Linington
- Tow boat designed by Bristol Harbor Group now at work on Alaska North Slope
- Shell to launch new two-stroke engine cylinder oil
- Pipavav to build warships for Indian Navy in JV with Mazagon Dock
- Technip in $1.07 billion swoop on Global Industries
|SEPTEMBER 12, 2011|
- Port of Camas-Washougal nets grant to digitize meetings
- USAID partners with Crowley for Bahamas disaster relief
- Corps seeking public's help for Lands Day tree planting project
- Republic of Palau new member of International Maritime Organization
- APL selects Tideworks for terminal operating system
|SEPTEMBER 12, 2011|
- A wealth of experience
DP World's chief for the Indian sub-continent has built businesses in the world's most challenging locales
- Shipowners given glimmer of hope over low SOx rules
Sweden and Finland start taking cost concerns seriously ahead of European Union ministers' meeting
- Clubs embark on diversification
Recent trend has seen P&I clubs moving into fixed premium hull and energy lines
- Asia Pacific drives global economy and fuels P&I growth
The economy of the Asia Pacific region offers business expansion potential lacking elsewhere, yet the economic environment creates challenges as well as opportunities for the P&I sector
- Few risks on horizon as clubs improve capital strength
Earlier this year, when S&P completed its annual review of the international marine P&I sector, it was generally positive. S&P credit analysts see little threat to most of the sector's ratings in the next 18 months
- Is Kolding following in the footsteps of Marx?
Container shipping should be trying to devise a commercial and operating structure that can handle uncertainty in a superior way
- LPG freight rates have potential to exceed $70 per tonne
Gas carrier brokers say tonnage tied up in Singapore has reduced vessel availability
- Shell and Wärtsilä join forces to promote LNG as fuel in US
Deal to increase availability of natural gas and develop supply chain and infrastructure
- Awilco eyes gas-powered floating electricity generation
Ageing LNG tanker conversions a solution for remote and emergency power needs
- Fresh rumours of Oldendorff purchasing handysize bulker circulate
German company denies buying resale vessel
- Precious Shipping buys three supramax resales for $80m
Thai shipowner takes advantage of distressed asset sales and achieves low price
- Rates to remain low for at least two more years
HSBC report holds little hope for price hikes
- Alarm bells ringing
European shipping watches the clock
- IMO offers assistance to Tanzania
Secretary-general shocked by loss of life in Spice Islander I casualty
- Boxships face less risk of Cosco-style charter revisions
Morgan Stanley flags Costamare stock opportunity after blaming investor 'confusion' over Cosco for price blip
- Grand claims
Maersk Line has set a high standard for itself and the liner industry
- Credit Agricole and RBS oppose Seaarland effort to secure cash lifeline
Borrower 'cannot lend its own money to itself' while lenders with superior liens remain unpaid, banks argue
- London insurance market urged to improve service
Calls for more reliability
- Maersk Line unveils daily revolution to Asia-Europe service
New 'ocean conveyor belt' promises to improve reliability with daily cargo cut-offs
- Revenues jump 57% at Global Ports Investments
Increase box throughput and pricing lifts figures
- Capesize market hopeful of continued increase in Chinese iron ore imports
Preliminary data shows August volumes reached 59.1m tonnes
- Even slower steaming will help boxship revival
Analyst says containers vessels could slow their average speed further and help reduce overcapacity
- Cash buyers bank on pick up in Bangladesh shipbreaking activity
Chittagong demolition yards have until October 12 to import vessels before regulations are reviewed
- Shanghai August box throughput up 6.2% on year
Port busier than 2010 but volume slides compared to July 2011
- Plunging ship values hit Braemar's income
Group's shipbroking division set to see 18% drop in revenue for the full financial year
- Hellenic looks on the bright side despite profit dip
AIM-listed owner of five bulkers axes interim dividend to conserve cash but suspends judgement on later 2011 payout
|SEPTEMBER 12, 2011|
- Jones Act clause inserted
LANGUAGE has been added to a US budget package that, if passed, will make it much more difficult to secure Jones Act waivers for crude cargoes
- Technip taking over Global
TECHNIP, the French energy engineering and construction group, is to take over the US subsea construction and pipe-laying group Global Industries
- Hundreds on ferry killed
MORE THAN 240 people were confirmed dead today in the capsizing of a passenger ferry transiting the Tanzanian islands of Zanzibar and Pemba
- Bankruptcy fight escalates
MARCO Polo Seatrade is facing a make-or-break Chapter 11 hearing this week as its senior lenders line up to fight a new loan agreement
- Argentina acts to end strike
A STRIKE that paralysed river traffic for 16 days between Paraguay and Argentina has ended, IHS Global Insight reported today
- Box rate slip explained
EXCESS capacity that is built into the box ship market is being blamed for last week's big slip in rates
- Hellenic down but upbeat
HELLENIC Carriers today blamed poor freight rates and vessel oversupply for year-on-year revenue losses of almost $10M for 1H11
- Drybulk rebound fade warned
PRECIOUS Shipping boss Khalid Hashim warned today the drybulk shipping recovery might fade before year-end
- Asia box ships seen insulated
INTRA-ASIA box routes offer "pockets of hope", DnB NOR shipping analyst Erik Bergöö said today, in contrast with box carriers suffering continuing losses in deepsea shipping
- Sting in Katia's tail flogs UK
FERRY sailings between the UK and Ireland were curtailed today as Hurricane Katia's remaining rain and wind arrived at the British Isles
- Taking China VLCCs with a grain of salt
DON'T BE "too frightened" that Chinese-owned groups have been reported ready to order 80 VLCC newbuildings over the next five years, an investment conference was told today
- Parents urge cruise law change
PARENTS of a long-missing cruise ship worker are to meet UK shipping minister Mike Penning today to push for laws that would give British and European passengers and crew the same protections as US citizens
- India lifts export bans
BUOYED by bulging stocks and a bumper harvest, India has lifted its four-year ban on wheat exports
- Oz strike could spread as BHP talks fail
COKING coal miners pressed their strike at a BHP Billiton JV in Australia today after weekend labour talks failed
- Bangladesh seeks port loan
BANGLADESH Petroleum reportedly said today it had contracted three banks to arrange a $150M loan, with the scheme partly directed at port financing
|SEPTEMBER 12, 2011|
- Congress Poised to Extend Transportation Spending
Leadership in the House and Senate reached agreement Monday on plans to extend highway and aviation spending for four months...
- DHL Express Gains Three 777 Freighters
DHL Express signed a multi-year agreement with Southern Air to operate three 777 freighters, increasing the German carrier's fleet to...
- US Rail Intermodal, Industrial Loads Grew in August
Major U.S. railroads saw a slight gain during August in intermodal traffic and a bigger gain in carloadings of industrial...
- Japan, Colombia Eye Free Trade Pact
Japan and Colombia agreed on Monday to launch a joint study on a free trade agreement aimed at eliminating import...
- Excel Shipping Joins INTTRA
Excel Shipping said its new membership in the INTTRA's ocean shipping e-commerce network will allow the U.K.-based non-vessel common carrier...
- Maersk to Compensate Shippers for Late Cargo
Maersk Line is setting a standardized cut-off time for cargo being loaded on vessels on its Asia-Europe services, and the...
- DOT's August Stimulus Payouts Near $700 Million
The Department of Transportation in August reimbursed states nearly $700 million for construction projects backed by the 2009 American Recovery...
- MSC To Transship Australian Cargo at Italian Port
Mediterranean Shipping Co. will use Italy's Port of Gioia Tauro to transship all cargo moving from ports in the United...
- Europe's Exports to North America Rise 9.4 Percent
The weaker euro boosted Europe's July exports to North America 9.4 percent to 311,000 20-foot equivalent container units, as all...
- India's Exports Up 44.2 Percent
India's exports surged for the fifth successive month in August, growing 44.2 percent year-over-year to $24.3 billion, amid indications that...
- Navigating a Sea Change
Patrick Halloran takes great pains to provide the carriers that transport Cardinal Health's global shipments of medical supplies with his...
- Commodities Get Water Resistant
At a moment when the U.S. employment machine is stuck in neutral and policymakers or advocacy groups are rushing out...
- Come On, Irene
North America's rail networks began September trying to dry out. High water hit the rail system hard in the Northeast...
- Unlocking Hidden Capacity
Trucking companies loath to add capacity by buying new tractors or trailers are turning to technology to unlock capacity hidden...
- Weather Splits Rails
It's a tale of two railroads, both operating through some of the worst of times in terms of nature's wrath,...
- Grooming for Growth
Sylvie Vachon joined the Montreal Port Authority in 1990, managing the departments of Financial Services, Land and Property, Procurement and...
- Shipping's New Sales Force
A number of friends have asked recently, "What's it like, working that side of the street?" That "side of the...
- A Weaker Peak
When consumers don't buy, retailers don't order and ship. Bad economic news is undermining container lines' hopes for a strong...
- Slow Climb to the Peak
Ocean carrier executives breathed a sigh of relief last month when the Container Rate Benchmark published by Drewry Shipping Consultants...
- Top Heavy Top 40
In the run-up to the 2011 peak shipping season, the world's largest ocean carriers engaged in a form of slow-steaming,...
- Who's Not Suing the FMCSA?
If rule-making at the Federal Motor Carrier Safety Administration continues this fall the way it's been going, the agency may...
- Super-Sizing Transport Needs
The U.S. port industry isn't waiting to see how President Obama and Congress sort out September deadlines over transportation funding...
- A Stimulating Impasse
If President Obama and his GOP adversaries in Congress are going to hammer out any agreement this fall on new...
|SEPTEMBER 12, 2011|
- The US may have won a trade battle, but the war rumbles on
US Trade Representative and jobs crusader, Ronald Kirk, was triumphant: the slow-talking Texan recently declared 'victory' over China in the latest tit-for-tat trade war between the world's top two super economic powers. But, was it a win for the fight against American unemployment, or a ramping up of beggar-thy-neighbour protectionism that could stymie world trade?
- Lifetime achievers announced
- Shipping industry demands 'bold new strategy' to halt Somali pirates
- Russians declare record profits
- Greek default talk spooks markets
- Maintenance tax 'key factor' in causing US ports to lose cargo to Mexico and Canada
|SEPTEMBER 12, 2011|
- Beluga eludes US bout
German operator forced to intervene in legal battle between GenMar Agency and vessel tied to fallen heavylift giant.
- Tanto bags boxship
Indonesian owner beefs up boxship arsenal in $8m deal with Japanese giant, brokers say.
- DOF plots placement
Mons Aase in the driver's seat as DOF ASA plots $106m fundraiser in a bid to boost subsea arm.
- Oceaneering cleans house
New York-listed offshore owner prepares to pocket $19m from disposal of lone production unit.
- Maersk's game-changer
Containership giant unveils new Asia Europe plan which reveals the future for its 18,000-teu newbuildings.
- Ferries kept in port
Philippines suspends five Weesam Express passenger vessels after one of them grounded.
- Anchor tanker attack
Chemical tanker at anchor in Indonesian port boarded by robbers.
- Loss grows at Srab
Swedish tanker owner's operating costs were almost double revenue in first half of 2011.
- Hellenic profit slashed
But strong financial picture cushions poor results from Fotini Karamanlis-led dry bulk owner.
|SEPTEMBER 12, 2011|
- 'Key factor' in losing Asian market share
- 'Daily Maersk'
- Senators request FMC cargo diversion probe
Washington State's two U.S. senators have asked the U.S. Federal Maritime Commission to investigate the extent to which the federal Harbor Maintenance Tax (HMT) and "other factors" are causing U.S.-bound cargo to be routed through ports in Canada ...
- Asia/Europe volume up, rate down in July
Asia/Europe ocean freight rates continued their nosedive in July, according to thelatest figures from Container Trades Statistics(CTS), which gathers volume and price information from carriers on trades to and from Europe. CTS's rate index on westb...
- SeaIntel unveils reliability index
Maritime analyst SeaIntel on Monday released a new measure of liner carrier reliability. The SeaIntel Global Liner Schedule Reliability report will track, on a monthly basis, 1,300 vessels arriving at more than 200 ports globally, with reliability...
- CMA CGM alters U.S. East Coast/Caribbean network
Liner carrier CMA CGM is altering the rotation of a service linking the U.S. East Coast and the Caribbean ahead of the suspension of its Black Pearl service between the U.S. East Coast, the Caribbean and the northern coast of South America. The li...
- CMA CGM starts Russia/China service
CMA CGM has started a service between eastern Russia and China as it drops out of a slot-buying agreement with FESCO on the same trade, according to American Shipper affiliate ComPair Data. The French line has started its Russian Far East Express s...
- T. Parker Host expands in U.S. Gulf
T. Parker Host has purchased all the outstanding shares of NSA Agencies, adding offices in Houston; New Orleans; Mobile, Ala.; and Tampa, Fla.NSA Agencies (successor to Navios Ship Agency) will now become part of the T. Parker Host group. George Du...
- T.S. Lines rejoins Shanghai/Japan shuttle
Intra-Asia carrier T.S. Lines has joined a shuttle between Japan and Shanghai operated by Grand China Shipping, according to research from American Shipper affiliate ComPair Data. The carrier has joined the EKX service, which operates with one vess...
- Air lessor worries about overproduction
The head of one of the world's largest aircraft leasing companies said he is nervous over the prospect of plane manufacturers Airbus and Boeing increasing production by up to 50 percent in the next few years, according to a report over the weekend...
|SEPTEMBER 13, 2011|
- US bill prohibits European emission trading scheme
Plan to include aviation, and possibly shipping, seen as a 'violation of US sovereignty and international law.'
- GMT expanding following 'strategic alliance' with FOBAS
Expecting an increase in testing activity and turnover after selling a stake in the firm to LR.
- Fujariah prices fall
Deliveries were available for supply up to and including September 26 in Cape Town.
- Bunker prices drop across Europe
No prompt deliveries being carried out in Piraeus.
- SMP testing cutting-edge lube
Alexia S4 is designed to help ship operators reduce 'lifetime operating costs and operational complexity'.
- Toyota in deal to cut harmful emissions
Port of Long Beach wants environmental concessions in exchange for renewing lease on port terminal.
- Danish authorities fight bunker spill
Unknown quantity of bunker fuel has leaked after a trawler pierced the hull of a cargo ship.
- Solar technology 'is improving very rapidly'
High bunker prices mean ship operators' priorities are changing, says head of Hong Kong Shipowners Association.
- New Asia trading head at Chemoil
Jacob Gay tasked to expand Chemoil's fuel oil business in both East Asia and the Middle East.
- Double-digit drop in Asian bunker prices
Public holiday in Busan on Monday.
- Singapore may see 'flowmeter certified' bunker tanker by year end
Guideline on bunkering based on flowmeters may come 'soon', says Chairman of Technical Committee for Bunkering at SPRING Singapore.
- 60% of top 20 liners post losses
CSAV worst performing box carrier in the first half of 2011.
- Private bunker players not 'to be shut off' from Hambantota
Private sector could handle bunker trading, says Interocean Energy director.
- Improved revenues buffer impact of high bunker costs
Chemical tanker shipping firm 'benefits' from 10-15% increase in rates in the chemical tanker segment.
- Singapore to see world's first hybrid bunker tankers
Hong Lam to receive first of six 5,600 dwt diesel-electric hybrid bunker tankers in September.