|OCTOBER 13, 2011|
- US$1m offered for best port plan
A BIG prize - US$1 million - is being offered for the solution to a big-ship problem.
- Jurong Port, MPA in $12m green port programme
JURONG Port and the Maritime and Port Authority of Singapore (MPA) are coming up with a total of $12 million for a green port and productivity programme, which was launched yesterday.
- Maersk sells LNG unit to Teekay, Marubeni
Global maritime transport group Teekay LNG and Japanese trading company Marubeni Corp have agreed to buy Danish shipping group AP Moller-Maersk's liquefied natural gas (LNG) shipping unit.
- Shipping lines delay Asia-US rate plan due to uncertainty
- Steelmaker mulls giant ore carrier
|OCTOBER 13, 2011|
- US tells WTO to stop China and India abusing subsidies to boost exports
- Ships divert from strike-bound Durban, but workers said to be returning
- Filipino master of Liberian-Costamare-MSC ship faces NZ negligence charges
- Acer wins exclusive cargo rights on first Chongqing to Duisburg train
- New logistics facility to be built in Jilin for Sino-North Korea trade
- Governments ceding control of the Indian Ocean to pirates, says ICS chief
- APM Terminals acquires container terminal at Gothenburg for 25 years
- New US$7 billion Doha port area to cover 26.5 square kilometres
- Horizon Lines increases dry and reefer cargo rates for US-Asia loop
- Prince Rupert says natural factors - not subsidies - attract US cargo
- Crew hides in panic room, West African pirates take cash and run
- Houston sees terminal upgrade to dock mega ships ahead of Panama boom
- Air China offers Beijing-Phuket flights from November 18
- Qatar to launch twice weekly service to Atlanta cargo service in November
- TIACA calls for greater liberalisation of global air cargo industry
- Cranleigh Freight wins 3-year Virgin air cargo contract for Gatwick, Heathrow
|OCTOBER 13, 2011|
- BEML forays into dredging by tying up with Dutch firm
- CKB organises maiden training programme for customers
- Industry calls for role models to drive reputation & standards
- Liladhar Pasoo Forwarders is CHA of the Year
- Mercator may buy more dredgers
- Cash-crunch hit Rlys seeks 2,000 cr. from FinMin
- Rlys take umbrage at CTOs bid to eat into piecemeal bulk traffic
- Truck rentals surge 9-14 pc in H1
- Govt to make dollar credit available to exporters soon
- More funds, schemes sought for boosting cashew output
- New Indo-Swiss taxation treaty comes into force
- RBI offers 2 pc interest subsidy on export credit for exporters
|OCTOBER 12, 2011|
- Vossloh again adjusts profit forecast
The Vossloh Group, a global player in selected rail infrastructure and rail technology markets, has again adjusted its sales and earnings expectations. Following a series of advers...
- Germany and Switzerland agree simplified cross-border traffic
Germany and Switzerland will in the future mutually recognise their licensing procedures for locomotives, tractor trains and passenger wagons. A corresponding treaty has recently b...
- Cathay Pacific rolls out new Chengdu freighter service
Hong Kong's Cathay Pacific Airways today launched a new scheduled twice-weekly freighter service to Chengdu, one of the fast-developing cargo markets in western China. The new serv...
- Globe Air Cargo wins SAS Cargo contract in Germany
Scandinavian Airlines Cargo has awarded an exclusive cargo general sales agency contract in Germany to Globe Air Cargo, part of the ECS Group, which already acts as SAS Cargo's GSA...
- Swisslog wins major order in the US
Swisslog has won a major order for an automated distribution centre from a cash-rich Fortune 200 retail company in the south of the US. Swisslog is a global provider of integrated ...
- Kuehne + Nagel acquires Drude Logistik
Kuehne + Nagel has signed an agreement to acquire the logistics company Carl Drude & Co, which is based in Hauneck/Bad Hersfeld (Germany). The takeover is part of K+N's expansi...
- Hainan Airlines cancels Kolkata service two weeks after launch
The Chinese carrier Hainan Airlines is already ending its two-weekly Shenzhen-Kolkata (India) route, which only lasted two weeks. It was launched on 27 September with a Boeing 737-...
- Scania to cut production from November
Scania, one of the world's leading manufacturers of trucks, will adjust its production rate at its units in Europe by 10-15% from November. The background is a fall in demand in va...
- Hamburg Süd's "Santa Rosa" named in Buenos Aires
The shipping line Hamburg Süd's containership "Santa Rosa" was recently named in Buenos Aires (Argentina). The "Santa Rosa" is the sixth new vessel in a series ...
- Major investment needed in North Rhine-Westphalia waterways
North Rhine-Westphalia is Germany's top inland navigation state. At 124 million t of goods, more than 50% of Germany's inland navigation total was shipped in NRW in 2010. 25% of go...
- APM Terminals to manage Sweden's largest container terminal
Executives from the port of Gothenburg and APM Terminals were on site recently for the concession signing ceremony for Sweden's Skandia Container Terminal. The decision reflects th...
- Longer trailer trials in UK from January
The UK's Department for Transport (DfT) is conducting a trial of up to 1,800 semi-trailers: up to 900 of a maximum length increase of 1 m (between 13.6 and 14.6 m), and up to 900 o...
|OCTOBER 12, 2011|
- LaHood reassigns Kings Point Superintendent to Defense U.
- Officers charged following New Zealand containership grounding
- Teekay-Marubeni JV buys Maersk LNG fleet
- Great Lakes Shipyard starts construction of 69 ft work boat
- Harvey Gulf order at Trinity includes option for third LNG fueled OSV
- Maritime security trade association selects independent assessor
|OCTOBER 12, 2011|
- Seattle Port Commissioners stand against Initiative 1125
- WTSA member carriers finish freight rate assessment
- Port Metro Vancouver volunteers work to improve Mission Possible
- Agencies keeping track of stranded cargo vessel
- Panama Canal announces excavation project completion
|OCTOBER 12, 2011|
- Copenhagen's gentle cyclists are on the right road
As the debate continues on slow steaming, the UK is allowing cars to emit more pollution by raising its speed limit
- Ferry geese that lay golden eggs
Why should an environmentally sustainable means of moving people and goods be targeted by green activists and regulators?
- NewLead secures second TMT arbitration
Michael Zolotas-controlled tanker and bulk operator wins round two in its battle to claw back cash from Nobu Su outfit
- RBD Armatori sells capesize newbuilding at a loss
Italian shipowner understood to have accepted $50m for bulker, well down on 2008 contract prices
- IEA downgrades oil demand for 2012
Drop due to slow global economic growth and lower consumption from developing nations
- UK U-turn on armed guards lifts threat of shipowner prosecution
Government position expected to clarify legality of using private security on board UK flagged vessels
- EU urged to create combined military piracy task force for onboard defence
MEPs also want Brussels to consider set-up of financial unit that tracks ransom payments
- Middle East VLCC supply plummets as ships head to West Africa
West Africa-Asia route provides slight earnings premium on benchmark Middle East route, but the latter could soon be on the rise
- MSC continues to pressure panamax boxship charter prices
Line reported to have taken two German-owned vessels for just $8,000 a day
- Swiber nabs $102m offshore deal
Southeast Asian companies boost revenues
- China and Vietnam to co-operate on maritime disputes
Move should ease development problems in the area
- Albanese's regulatory reform divides opinion Down Under
Transport minister faces brickbats and bouquets over plans to reform Australia's regulatory regime
- 'It should have happened 20 years ago'
A former master mariner who is also a senior associate at Norton Rose gives his judgement
- Cruising to a SOx solution
Cruise Lines International Association argues that a vessel could burn high-sulphur fuel in an ECA
- Container industry still has legs
'Keen competition' to run Gothenburg's Skandia terminal shows long-term faith in the container sector
- Newbuildings keep arriving as VLCC values plunge
Sunoco Refineries' recent decision to exit the refining business threatens further negative consequences
- Bank lending figures signal funds drying up
Syndicated lending for the three months to the end of September down by almost half from just over $20bn in the second quarter of this year
- European banks feel the heat as crunch continues
Biggest threat to the shipping industry is unwillingness of banks to guarantee trade deals
- Nothing but the best
A Cambridge University setting lent Lloyd's Maritime Academy summer schools an aura of film set glamour and impressive history
- Teekay and Marubeni in $1.4bn swoop on Maersk LNG
Maersk offloads gas carrier division
- Thoresen Thai pares costs and eyes new vessel acquisitions
New chief Ian Claxton has overhauled operations in move from Bangkok to Singapore
- Rena breakup looms as authorities charge master and second officer
Vessel suffers 'substantial structural failure' as containers continue to fall
- Bahamas operators in the spotlight as Seaboard Marine exits Nassau
Market pundits lukewarm towards sale talk
- Clyde & Co and BLG to merge
Combined maritime law firm and insurance specialist to centre attention on Asia
- UK shipping regulation to be shrunk
Maritime and Coastguard Agency chief's speech reveals maritime sector to face review in November
|OCTOBER 12, 2011|
- Manila names Rena's captain
MANILA today defied a New Zealand court's move to prevent a captain being named in his box ship's disastrous grounding
- UK nears guards policy
THE UK's new policy on armed guards in piracy zone is almost complete, with regulations to be issued soon, the British Foreign Office said today
- Clyde & Co makes additions
CLYDE & Co said today it will combine with fellow shipping law firm Barlow Lyde & Gilbert on 1 November
- BLG, FESCO join forces
GERMAN ports-to-logistics group BLG Logistics and Russia's FESCO are investing €10M ($13.8M) in a joint venture for intermodal transport of finished vehicles in Russia
- Get 'holistic' to fight pirates
EUROPE'S leading shipowner and seafarer representative bodies have urged the EU to take a "holistic" approach to addressing piracy
- Safety violations found in Subic inquiry
KEPPEL'S Subic Shipyard violated safety standards, leading to the deaths of six workers and injury to seven others last week, government investigators have determined
- APM sells Maersk LNG
TEEKAY and Marubeni have bought AP Møller-Maersk's LNG carrier business, the Copenhagen shipping giant said today
- Will Caribbean 'feed' US?
PROSPECTS for Caribbean terminals to serve as feeder hubs for US East Coast ports have been questioned by Norbridge partner James Brennan
- Kremlin sets export penalty for grain
THE KREMLIN has made good on an earlier threat to penalize grain exports if export tonnage threatens domestic supplies
- Silver lining emerging for tankers
BET ON emerging economies to shorten the journey to recovery, oil tanker owners were advised today
- Singapore soft power urged
SOFT POWER in the answer for Singapore maintaining its position as a shipping hub, the inaugural Singapore Maritime Institute forum was told today
- Thais brace for port flood
THAILAND'S national ports authority has reportedly warned national gateway port Laem Chabang to be prepared to handle extra cargo
- Drybulk port snarls worsen
SNARLS in major drybulk ports have worsened, with delays in major coal and iron ore ports increasing by 15% week on week
- Singapore eyes box expansion
SINGAPORE, the world's second-busiest box port, said today it must expand such facilities further to cope with the demand for ever-bigger container ships
|OCTOBER 12, 2011|
- LA-LB Called Upon to Cover Alameda Shorfall
With cargo volumes moving through the Alameda Corridor in Southern California still recovering from the 2008-09 recession, the ports of...
- Log, Lumber Exports to China Expected to Double
The value of Canadian and U.S. log and lumber shipments to China in 2011 will double to $2.6 billion from...
- Horizon Plans Westbound Pacific Rate Increase
Horizon Lines said it will raise rates on its U.S. shipments to China on Nov. 1 to match announced increases...
- Jobs Council Pushes I-Bank, Transport Spending
The CEOs in President Obama's advisory jobs council are pushing for big federal investments in transportation networks and energy systems,...
- Port of LA Container Imports Flat in September
Containerized imports at the Port of Los Angeles were flat in September, indicating that peak shipping season this year will...
- Indian Government Says SCI Not in Financial Crisis
India's Shipping Ministry denied that state-owned Shipping Corporation of India is in the midst of a financial crisis, requiring the...
- Mica Says Infrastructure Bank "Dead on Arrival"
Transportation and Infrastructure Committee Chairman John Mica said "a national infrastructure bank is dead on arrival in the House," after...
- Celadon Buys $4.7 Million Stake in USA Truck
Celadon Group purchased a 6.3 percent stake in rival truckload carrier USA Truck for $4.7 million, raising the prospect of...
- CSX Touts Headway on Gateway Corridor Work
CSX Transportation said it has completed nearly a third of federally aided track clearance projects so that doublestack container trains...
- Trans-Pacific Spot Rates Hit 21-Month Low
Spot rates for container shipments from Hong Kong to Los Angeles fell below $1,500 per 40-foot-equivalent unit for the first...
- TPM Long Beach Set For March 5-6, 2012 (Video)
Peter Tirschwell, V.P. of strategy for UBM Global Trade, the parent company of JOC, announces the dates for the 12th...
- Panama Finishes Next-to-Last Phase of Pacific Locks
The Panama Canal Authority completed the third phase of digging the excavation for the new locks on the Pacific side...
- Dependable Companies Switches on Solar Power
The Dependable Companies is turning to a dependable source of energy to power its headquarters ' the sun. ...
- OOCL's Yao Says Low Rates Won't Save Carriers
Container ship lines face renewed losses because they have reverted to their habit of emphasizing "price, price, price instead of...
- A.P. Moller-Maersk Sells LNG Fleet For $1.4 Billion
A.P. Moller-Maersk is selling its liquefied natural gas fleet to a joint venture between Teekay and Marubeni Corp for $1.4...
- Lufthansa Cargo Traffic Slumps 5.1 Percent
Lufthansa Cargo carried 5.1 percent less freight in September than a year ago, in contrast to a significantly smaller decline...
- Night Flight Ban to Disrupt Lufthansa Cargo Flights
Lufthansa Cargo's freighter services are facing serious disruption and sizable financial losses after a court banned night flights at its...
- India's Exports Surge 36.3 Percent
India's exports surged 36.3 percent year-over-year to $24.8 billion in September, according to latest provisional figures released by the Commerce...
- BNSF Says Panama Canal Won't Hurt West Coast Ports
BNSF Railway intermodal executive Fred Malesa does not believe West Coast ports will lose much market share in the Asian...
- Ocean Carriers Consider New Capacity Cutbacks
Struggling with sliding rates amid plentiful capacity on major world trade lanes, several container line executives say they are starting...
- Shippers Provide Carriers With Rolling Forecasts
Several large shippers say they are now providing rolling forecasts of their demand outlook to improve coordination with ocean carriers...
- Obama Jobs Plan Falls Short in Senate
President Obama's big push for Congress to pass a jobs plan laden with new transportation funding fell well short Tuesday...
- Senate OKs Sanctions Against Chinese Currency
The Senate voted 63-35 Tuesday evening to give the Treasury Department and U.S. companies more leeway to target foreign currencies...
- Pacific Carriers Reconfirm Export Rate Hikes
Carriers in the westbound Pacific trades reconfirmed their intention to implement export rate increases generally of $100 to $200 per...
|OCTOBER 12, 2011|
- Rena: 'significant structural failing'
- Grand Alliance to adjust its transpacific loops
- Gothenburg justifies privatisation
- UK & US navy rescues hijacked bulker
- In-house collision halts two CMA CGM ships
|OCTOBER 12, 2011|
- Street toasts Teekay deal
Wall Street attempts to fill in the blanks following Teekay Corp daughter's $1.4bn raid on Maersk's LNG fleet.
- Costamare's question mark
Analyst worries environmental impact of Rena grounding will trump lost earnings at Costamare.
- There will be blood
Rate rebound may fuel rosier sentiment in the third quarter but analyst still expects red ink to flow as bulker values retreat.
- Ocean Rig bags drill job
George Economou praises rising rates as DryShips drilling spin-off secures $96m deal.
- BP charter victory overturned
London appeal court rules that Saudi shipowner entitled to demurrage for delays to VLCC.
- Tankers hurt Gotland
Lower rates for Swedish owner's products carriers bring down profit in eight months to 31 August.
- NewLead trumps TMT again
Nasdaq-listed owner secures second arbitration victory over Nobu Su's TMT Bulk.
- Date set for US-Asia rates
Lines have agreed on transpacific rates to "avoid confusion in the marketplace".
- Time short for Albedo crew
Families fear for seafarers on hijacked Malaysian boxship as deadline for payment of ransom looms.
- PST delist a step closer
Singapore-listed shipping trust readies itself to leave exchange and go private.
- Norilsk goes it alone
Russian owner gets multipurpose through Northern Sea Route without help from icebreaker.
- Spooked lines delay targets
Christmas might be coming but US-Asia trade routes mired in uncertainty as rate setting delayed.
- Partial ownership works
Indian steel chief Capt Rahul Bhargava sees a healthy upside in owning assets despite pessimism about immediate prospects for the dry cargo market.
|OCTOBER 12, 2011|
- Standing tall
- Newsome's view
- Productive discussions
- Westbound transpacific rate hike announced
The 10 container shipping companies that are members of the Westbound Transpacific Stabilization Agreement (WTSA) said they intend to implement guidelines calling for an increase in freight rates for U.S.-to-Asia cargo, effective Nov. 1. WTSA said...
- Maersk pockets $1.4 billion from LNG fleet sale
The A.P. Moller-Maersk Group said Wednesday it has agreed to sell its liquefied natural gas business to Teekay LNG Operating LLC and Marubeni Corp. for $1.4 billion. Maersk has indicated throughout the summer that it planned to dispose of its eigh...
- New Zealand boxship casualty worsens
Government officials in New Zealand said a containership that ran aground last Wednesday on Astrolabe Reef near Tauranga Harbor is leaking more oil, losing containers, and has developed a crack. Maritime New Zealand said the vesselRena , which is ...
- FMC meets with Shanghai Shipping Exchange officials
The Federal Maritime Commission on Tuesday began meetings with officials from the Shanghai Shipping Exchange in an effort to address U.S. shipper and non-vessel-operating common carrier concerns about the purpose and management of certain sensitiv...
- Alphaliner: Containership order book at $57 billion
Container shipping companies have ordered ships with about 2.4 million TEUs of capacity for $27 billion since September 2008, compared to 2.1 million TEUs of capacity for $30 billion before the financial crisis, said shipping research firm Alphalin...
- Maersk tops SeaIntel's schedule index
Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk's on-time performance ros...
- MSC-CSAV India/Europe service changes
An India-Europe loop jointly operated by Mediterranean Shipping Co. and CSAV has undergone a rotation change from this week, CSAV said in an advisory.The service, called IPAK by MSC and IMEX by CSAV, will drop calls in Bremerhaven and add calls in...
|OCTOBER 12, 2011|
- Sustainable Shipping Conference sold out
Experts gather in Vancouver to hear the latest on key maritime issues and discuss ways to overcome the challenges together.
- Bunker prices rise in Fujairah
In Cape Town, deliveries were available for supply up to and including October 26.
- Gazpromneft Marine Bunker sets ambitious target
Supplier plans to be selling 7 million mt of bunker product by 2020.
- Strong gains in North European bunker prices
Strike called off by Hellenic refinery workers in Greece.
- Another officer faces charges over NZ bunker spill
Court grants Master 'anonymity' over fears for his safety.
- Oil price fundamentals have 'strengthened'
'Inflation, solved debt crisis and economic growth will support oil prices as we enter 2012,' says Global Risk Management.
- Prosecutors call for $1.75 million fines for bunker spill
Shipping companies should also make a 'public apology' and give funds to environmental body, court told.
- Fitch revises Sovcomflot's outlook to 'negative'
'Overcapacity, low freight rates and high bunker costs' adding pressure to Sovcomflot's financial metrics, says Fitch Ratings.
- Mid-week bunker prices jump at major ports
Avails of bunker fuel mixed at key Asian ports on Wednesday.
- Bunker tanker resumes ops in Australian port
Dry docking of bunker tanker Zemira 'proceeded as planned,' says Shell Marine.
- Containers fall off stricken vessel in New Zealand
Master of Rena charged and arrested by Maritime New Zealand.
- Shipping firm sees 'strong' revenue growth in second half
Fuel cost recovery programme helped Interbulk's margins recover in second half.