|DECEMBER 13, 2011|
- Risks soar for Japanese shipping lines
Nippon Yusen KK's bond risk rose the most of any Japanese company in the past month as a surging supply of vessels and falling transportation rates prompted a warning of a credit rating downgrade.
- Chinese captain stabs Korean officers, killing one
A Chinese fishing boat captain stabbed two South Korean coast guard officers yesterday, killing one and injuring the other, after his boat was stopped for illegally fishing in South Korean waters, officials said.
- Prospects for shipping industry unlikely to improve much: APL
Shipping firms are operating in an unsustainable economic environment with prospects unlikely to improve much in 2012 due to high fuel prices, low freight rates and slowing demand, said the head of the world's sixth largest container firm.
- Brazil's Vale may start iron ore hub in Subic Bay next year
|DECEMBER 13, 2011|
- UN global warming talks move carbon tax on shipping higher on agenda
- Germany's exports hit by Eurozone crisis and shrinking global demand
- Mumbai box volume off 12.7pc as port ups fees 23-30pc December 21
- Affluent China will fill ships with more imports than exports: JP Morgan
- Hunan's road cargo volume tops central China provinces
- Panama's east coast Manzanillo terminal raises capacity by 4 million TEU
- Port of Hamburg Marketing cuts ties with GIC in S China, HK, Vietnam
- Panalpina moves its decision-makers closer to customer base
- US truckload index up 8.5pc, but rate hikes slow as season ends
- Eco groups join to stop Savannah dredging - why not dredge Charleston?
- Pakistan's road transit ban hits NATO Afghan campaign with crippling costs
- Advanced air cargo screening wins over GACAG, but shipper input sought
- Icelandic Cargo returns to Halifax to fly lobster to Europe
- Maximus CEO says lack of original thinking wins air cargo its low status
|DECEMBER 13, 2011|
- Asia-North Europe services reorganised following CMA CGM, MSC partnership
- Chinese flagged vessels being sold at scrap value
- DAMCO announces new European CEO
- GE Shipping delivers product carrier to buyers
- Jumbo Shipping perfectly plans loading of heavy lift cargo for Brazil
- Major winter season restructuring on Asia-South Africa/South America East Coast
- MSC joins other carriers in Oceania-California loop
- MSC rate restoration on India-East Africa trade
- Exports to Canada surge 32 pc
- Handicrafts exports climb 32 pc in Oct.
- India moves WTO against US' decision to dub export schemes as subsidies
- Pak reaffirms MFN status for India by Feb. next
- Broekman Logistics India makes Arshiya's Mumbai FTWZ its distribution hub
- Rlys may fall short of freight target this fiscal
- Govt pleads guilty to $9 billion goof-up in export figures
- Govt to launch growth output index for railways, airlines
- Govt unlikely to raise subsidy on imported DAP, MoP
- Bombay Chambers forex risk management programme on Dec. 14
|DECEMBER 12, 2011|
- US transport ministry supports southern railway corridor plans
US transport minister Ray LaHood has awarded USD 5.6 million to the Texas transportation department for planning and environmental work to develop an Oklahoma City-South Texas rai...
- Arik Air resumes London Heathrow services
After a six-week suspension due to bilateral issues between the UK and Nigeria, the West African carrier Arik Air is now set to resume service between Abuja and London Heathrow.
- Gerd Buss Stevedoring appoints new boss
Wilfried Gerotzke is taking over the management of Gerd Buss Stevedoring in Hamburg with immediate effect. The company loads and unloads a broad range of goods. Gerotzke used to w...
- Italian company wins rail contract in Turkey
Salini Costruttori (Italy) has signed a contract worth EUR 147 million for the reconstruction and upgrading of the Köseköy-Gebze section of the Ankara-Istanbul high-speed railway ...
- Shanghai heading for more than 30 million teu
The port of Shanghai may well set a new throughput record in 2011. The hub expects to handle more than 30 million teu for the first time this year, and may even reach 31.5 million...
- Report shows truck delays concentrated on few US freeways
Traffic congestion, which delays trucks on US highways, is concentrated on just a few of the nation's freeways, according to the Texas Transport Institute's latest congested corri...
- EBRD to co-finance road repairs in Moldova
The European Bank for Reconstruction and Development (EBRD) is continuing to support the upgrading of Moldova's transport infrastructure and is co-financing the upgrading of roads...
- Volga-Dnepr supports Nasa mission to Mars
Parts of the launch vehicle for Nasa's most ambitious rover mission to Mars to date, which was launched into orbit in November, were delivered by Volga-Dnepr Airlines. A Volga-Dne...
- Unifeeder to start weekly Antwerp-St Petersburg link
Unifeeder is expanding its extensive Russian services and adding another weekly departure from Antwerp to St Petersburg. The new connection will call at St Petersburg's First Cont...
- Liege airport successfully challenging European cargo trends
59,100 t of freight were transported through Liege airport (Belgium) in November, a 1% increase over the 58,400 t carried in November 2010. 618,700 t were handled between January ...
- Zalando logistics centre on its way in Germany
A ground-breaking ceremony for a new logistics centre for the online shop Zalando took place in Erfurt freight village (Germany) recently. Zalando, logistics property developer Go...
- Swisslog lands major contract in Singapore
Grocery Logistics of Singapore (GLS) has asked the Swiss intralogistics provider Swisslog to design and implement a new automated distribution centre equipped with CaddyPick in Si...
|DECEMBER 12, 2011|
- ThyssenKrupp signs agreement to sell Blohm + Voss civil operations
- Cheniere signs LNG export agreement with GAIL (India)
- Maritime Academy of Toledo Foundation names Daniel Kleiboemer Director
- Rolls-Royce to design and equip two OSV's for GulfMark subsidiary
- Otto Marine makes first foray into Indian market
|DECEMBER 12, 2011|
- MarAd opening new round of small U.S. shipyard grants
- Shipping agencies calling for more info regarding container weights
- New Washington state ferries make list of top boats for 2011
- Maersk joining U.S. Navy in test of algae-based biofuel
- ATA finds driver turnover rate jumps to 89 percent for quarter
|DECEMBER 12, 2011|
- Unions in last-ditch attempt to save SeaFrance
Ruling on bid due next week
- Renewed call for shipping to pay for climate curbs
COP17 closes in Durban with mixed messages for maritime sector
- EXCLUSIVE: One-third of shipping accounts kept secret, says KPMG
Many companies give no information whatsoever
- Product tanker sold for premium after tendering for oil company charter
Ice class vessel sells for $36m
- Ports back campaign to weigh all export containers
IAPH joins other shipping associations in support of mandatory rules
- European Council to offer anti-piracy assistance
Capacity building will help regional states tackle problem
- Evergreen losing ground
Continued refusal to order mega-boxships may stop company remaining competitive
- ABS should lead the change in ship design
Classification societies have a long history inspiring maritime innovation
- Another round of summits, another last chance
Shipping and other companies are being deprived of certainty on which to plan for the future
- Younger crude carriers fetch bargain-basement prices
Market anxious about planned auction of Samho Shipping VLCC
- Cheniere inks another LNG export deal
Latest contract highlights the rise of the US LNG export industry
- Brokers question club justifications for blanket 5% premium increase
Clubs in good shape while shipowners are struggling, says Tysers
- Protesters target US west coast ports
Occupy Wall Street aims to cripple supply chain
- Noatum appoints Gadegaard
AP Møller-Maersk veteran named commercial director for Noatum Terminals
- Australia commits to Maritime Labour Convention
Ratification needs 30 countries on board
- Taking proper care of crew will relieve the pain of compensation claims
Injury rates "too high" says Australia's Seacare scheme
- Brussels tweaks rules for state aid for shipbuilders
Changes aim to support innovation
- Turbine boosts business case for liquefied CO2 shipments
Maersk Oil-Siemens TriGen technology targets enhanced oil-recovery
- Calls to ensure environmental technology is fit for purpose
DNV says class has a role in offering owners the assurances they demand when installing new technologies
- ClassNK launches consulting arm
Company is latest classification society to take steps to boost revenues
- Le Havre rewards clean carriers with green shipping discount
Trial scheme launches in January
- Capesize secondhand values plummet in defiance of charter market
Panamaxes only exception to falling dry bulk prices
- SeaFrance asset takeover move wins approval
Bid by DFDS and Louis Dreyfus gains belated support from French competition authority
- ThyssenKrupp sells Blohm + Voss shipyard
$198.8m sale excludes naval shipbuilding
- VLGC rates fall sharply as owners lose their resolve
Further falls expected on the lack of cargoes
- Evergreen struggles to survive in Asia-Europe trades
Taiwan line denies talk of 14,000-teu deals
- IMO told to carry on in climate battle
Mitropoulos sees 2012 Qatar meeting as chance to offer tangible results in developing market-based measures
- Swanland master blames loading for fatal casualty
Survivor testifies that ship broke in two
|DECEMBER 12, 2011|
- Box weighing supported
SHIPPING groups today called on the International Maritime Organisation to mandate that loaded container weights be verified before boxes are loaded
- Cheniere scores more sales
MOMENTUM continues to build for Cheniere's game-changing LNG export project in Louisiana, with a third S&P deal unveiled
- SeaFrance workers plan partial-funds offer
A WORKERS' co-operative seeking to take over SeaFrance was preparing today to deposit a last-day offer - but one with only partial funding
- Box rates keep dropping
THERE'S no bottom in sight for eroding box rates on the Asia-Europe and trans-Pacific routes, even with the rate of decline slowing last week
- WCUS port protesters said to act in error
TODAY'S planned US West Coast port shutdown by wealth-gap protesters is misguided, the terminal operator SSA Marine told Fairplay
- Banking 'nosedive' warned
FUNDING problems at Europe's banks have produced the worst shipping market conditions in a quarter-century, Jessica Maitra, partner at law firm Eversheds, warned today
- NASDAQ warns another
DRYBULK operator FreeSeas has been warned of a potential delisting by NASDAQ, as shipping's low-pricing squeeze gets tighter
- Survivor sought in sinking
RESCUERS are looking today for a crew member missing since his cargo ship capsized and sank early yesterday in the Philippines
- VLCC pool seen sparing liners 'a pickle'
TANKER consultancy Poten & Partners has hailed moves by MOL, Maersk, Samco Shipholding and Singapore's Ocean Tankers to form a 50-VLCC pool by next year
- Yangzijiang unveils Qatar Investment deals
SINGAPORE-listed Chinese shipbuilder Yangzijiang said today it will invest $205M in two ventures with Qatar Investment Corp to build offshore oil & gas vessels and platforms
- First double-hull VLCC sent to Alang breakers
MOL'S Atlantic Liberty, which was reported as sold for further trading, has actually been sold for guaranteed-green recycling in Alang, India
- Blohm+Voss building unit acquired by UK's Star
GERMAN conglomerate ThyssenKrupp, Blohm + Voss said today it is selling its shipbuilding unit to UK financial investor Star Capital Partners
- Sinopacific sells 6 ships
CHINA'S Yangzhou Dayang yard has sold six 58,000dwt Supramax newbuilding bulkers, a broker said today
- Drybulkers hold their uptick
SPOT RATES for Capesize drybulkers are continuing to gain, with further uptick in the horizon, brokers said today
- Whitehaven, Aston combine
AUSTRALIA'S Whitehaven Coal and Aston Resources said today they have combined to create a coal giant seeking more capacity at Newcastle's port
|DECEMBER 12, 2011|
- Jaxport Gets $10 Million for Intermodal Rail Facility
The Jacksonville Port Authority received $10 million of the $25 million in federal funding it requested to build an intermodal...
- CEVA Names Damco Exec to Lead China
CEVA Logistics named Martin Thaysen managing director for China, luring him away from major rival Damco. Thaysen has been Damco's...
- NY-NJ Port to Spend $39 Million on Terminal Road Work
The Port Authority of New York and New Jersey approved spending $39 million on one of the main roadways serving...
- Shipping Carbon Tax Blocked at UN Climate Talks
A carbon tax on international shipping to finance a "green fund" for developing nations was blocked at recently concluded United...
- Occupy Protest Disruptions Limited to Oakland
The Port of Oakland was the only port along the West Coast to report significant disruptions Monday morning after Occupy...
- Occupy Protesters Descend on West Coast Ports
Several hundred Occupy movement protesters blocked entrances to the Port of Oakland on Monday while police in riot gear lined...
- Ocean Carriers Want Container Weight Verification Rule
International ocean carrier and port groups are urging the International Maritime Organization to adopt a rule that would require containers...
- OOCL Joins CMA CGM Asia-New Zealand Loop
OOCL is joining in a vessel-sharing agreement with CMA CGM on the French carriers' service between New Zealand and Northeast...
- Truckload Driver Turnover Rate Hits 89 Percent
The driver turnover rate at large truckload carriers rose to 89 percent in the third quarter, as trucking companies struggled...
- NY-NJ Pier Worker Charge With Illegal Bookmaking
A pier superintendent at Maher Terminals in the Port of New York and New Jersey was arrested on a federal...
- ATA, Analysts Report Strong Truckload Demand
Truckload freight volumes were stronger than analysts expected in the first weeks of the fourth quarter, according to investment research...
- Japan to Revise Taxes on Ship Tonnage
The Japanese government has revised the nation's tonnage tax system in response to strong pressure from domestic shipping firms, which...
- Thai Floods Cut Toyota's Profit Forecast in Half
Toyota cut its profit forecast by more than half after Thailand's worst floods in almost 70 years disrupted output of...
- Emirates Shipping Reduces Indian Port Congestion Fee
Emirates Shipping Line reduced the port congestion surcharges the carrier has imposed on containers shipping through India's Port of Chennai...
- TNT Sells India Road Operations
TNT Express, extending the reorganization of its global delivery operations, said Monday it will sell the company's domestic road business...
- Maersk, U.S. Navy Conduct Algae-based Biofuel Test
Maersk Line is working with the U.S. Navy to test biofuel derived from algae on a Maersk container ship on...
- APL Volume Rises 2 Percent, Revenue Falls
The average revenue per 40-foot equivalent container unit transported by APL fell $1 from the month before even as the...
- India Downgrades Export Forecast by 6.7 Percent
India downgraded its expectations for exports by 6.7 percent in fiscal 2012, which ends March 31, after the country admitted...
- Armed Guards Reopen Trade on Southeast Asian River
International shipping movements on the Mekong River in Southeast Asia have restarted under armed escort after the killing of 12...
- Are Retailers Ready to Reload?
Retailers lured millions of Americans out of bed to snap up bargains on Thanksgiving weekend. But will consumers stay awake...
- Truckers Warm to Cold Chains
Refrigerated cargoes are becoming hot commodities in trucking, as truckload carriers launch expedited services to speed refrigerated freight from coast...
- Driving a Hard Bargain
Every three years, office clerical workers in Southern California sit at the bargaining table with waterfront employers and launch what...
- ILA's Battle Cry
James Devine says he isn't trying to pick a fight with the International Longshoremen's Association, but he may face one...
- Alliance Demands 'Vigilance' From Wary Shippers
European shippers are worried the efficiencies Mediterranean Shipping and CMA CGM get from their alliance simply will translate into higher...
- Big Ships, Big Alliances
Ocean carriers have spent the past week number-crunching to gauge the impact of the sudden announcement from Mediterranean Shipping and...
- Shipping's Mega Wave
While attending the TOC Americas 2011 Conference in Panama last month, I heard four ocean carrier executives say very similar...
- MSC Takes the Conn
Along the way to becoming the largest container carrier serving the United States, Mediterranean Shipping has struck an almost perfect...
- Capacity in the Crosshairs
Shipping lines preparing to close their books on a year of hefty losses face a difficult choice: They can find...
- Marine Highway's Rising Stock
Next February, Todd Lush will be among the first customers of a new marine highways venture by the Port of...
- How to Kill 'Zombie' Carriers
For federal regulators, the latest directive appears to be the old proverb, "Fool me once, shame on you; fool me...
- Border Deal Is MMM, MMM Good
Walk through the baby food aisle of any Canadian grocery store, and you'll find big cans, not the convenient single-serving...
|DECEMBER 12, 2011|
- Tilden joins Brookfield Infrastructure Group
Doug Tilden, the former ceo of Marine Terminals Corp (MTC), has joined Brookfield Infrastructure Group (BIG) as the company's senior consultant for its ports business. ...
- Duisburg signs deal with Abu Dhabi Ports Company
Duisport has signed a Memorandum of Understanding with Abu Dhabi Ports Company (ADPC). The details of the agreement have yet to be defined, but Duisport will, no ...
- Moody's attacks EU inertia
Ratings agency Moody's has criticised the European Union for its, 'continued lack of decisive policy measures', to deal with the eurozone's chronic debt crisis.Moody's ...
- UNFCCC agrees nothing for transport in Durban
Whilst much has been made of the progress made this weekend at the United Nations' Climate Change Conference (UNFCCC) in Durban, little appears to have been agreed ...
- Rena: slow progress for box salvage
Only 28 more containers were recovered from the MSC-operated boxship Rena at the weekend, from its precarious position on the Astrolabe Reef, North Island, New ...
- Horizon Lines' 'reverse stock split' boosts fight to restore position on NYSE
US Jones Act carrier Horizon Lines is further along the path to solving its troubled financial situation after agreeing to a reserve stock split - which the company ...
- New grain export facility proposed at Long Beach
The US West Coast Port of Long Beach (POLB) is capitalising on the boost in the country's exports after announcing a proposal to build a new grain export facility.Total ...
- Occupy readying for USWC port blockade
The anti-Wall St. Occupy movement is seeking the support of longshoremen as it prepares to march on US west coast ports today in an attempt to block port entrances ...
- Toyota hit by Thai floods
Japanese car manufacturer,Toyota, has seen its profit forecast slashed in half by the supply chain disruptions caused by the severe floods in Thailand.The world's ...
|DECEMBER 12, 2011|
- Safe pens panamax
New York-listed owner beefs up newbuilding arsenal with an order for another Japanese-built bulker.
- DB examines rate resurrection
Shares of Teekay Corp and Teekay Tankers are the best way to play an aframax market rally, analyst says.
- CSAV markets massive fundraiser
Chilean containership giant launches campaign to court investors as top brass details $1.2bn rights offering.
- MLL puts algae to the test
US containership operator partners with Navy in biofuel initiative in an attempt to fight emissions and fuel costs.
- Winland on a roll
Chinese bulker owner's penny stock soars as it charters in supramax to work $2.9m shipping contract.
- Genmar prepares for battle
Creditors question tycoon's ties to Aegean Petroleum as attorneys attempt to thwart bankrupt owner's payment proposals.
- Poten surveys pool play
Giant VLCC pool headed by Maersk unlikely to help seed market recovery, broker says.
- BW linked to NewLead four
Singapore group moves for LR1 tankers from Greek owner, HSBC Shipping says.
- Neda sheds pioneering VL
Tanker touted as the world's first double-hull VLCC is set to exit the market after 20 years with Lykiardopulo.
- Morning Cedar underway
Technicians flown out to Eukor car carrier adrift off Alaska manage to patch up steering system.
- Crew rescued off Taiwan
Taiwanese helicopter lifts seven Filipinos from Cambodian-flagged cargoship that suffered accident 80 miles from Taitung.
- ITF signs up two more
Week of action in India sees two Hong Kong-flagged cargoships confirm new pay agreements.
- Platou spots capesize sponge
Rising iron ore imports to China could soak up all of the capesize newbuilding orderbook, analysts suggest.
- Ofer torches boxship
Israeli owner said to have secured an astonishing price for elderly container vessel.
- Boxes crunched
High water level blamed for miscalculation that left ship jammed under Borgum Bridge.
- Container leaks on boxship
MSC Ulsan crew secure cargo after hazardous liquids escape in heavy seas off Germany.
- Otto offloads AHTS to JV
Singapore-listed offshore firm sells new anchor handler to its start-up with Limin Marine.
|DECEMBER 12, 2011|
- Prices movements mixed in Fujairah
Double-digit falls in South Africa.
- Bunker markets soften across Europe
Tight avails of 180 cSt material in Gibraltar.
- Cold-ironing facilities for Stena Line's Dutch hub
ABB will modify four Stena Line vessels.
- Rolls-Royce announces range of fuel-efficient ship designs
'Low emissions and reduced operating costs are key drivers' in maritime sector, says power systems company.
- WFS terminates court proceedings
Reports suggested a settlement had been reached on unknown terms.
- More bankruptcies predicted
Bunker prices contributing to 'unsustainable economic environment'.
- Asian prices look for direction as week starts
Demand mixed at key Asian bunkering ports on Monday, traders say.
- Transport group supports bunker fuel levy
A bunker fuel levy and a possible shipping emissions tax should be 'flag blind,' says the International Transport Workers' Federation.
- US, China and India oppose bunker levy for GHG fund
UN climate funds should come from national budgets.
- MGO supplies tight in Singapore
Suppliers 'hold back' MGO stocks to wait for prices to be 'more profitable,' according to traders.
- IMO to give GHG fund 'priority consideration' in 2012
New rules for shipping emissions must apply to all vessels regardless of country, says IMO Secretary-General.