|FEBRUARY 14, 2011|
- Oil tanker freight earnings hit 3-month high
Earnings from shipping Middle East crude oil to Asia, the world's busiest route for supertankers, rose to the highest in more than three months on increased cargo volumes.
|FEBRUARY 14, 2011|
- OOCL empty container pickup success may migrate to Shenzhen
- Safmarine, Simatech offer Far East-subcontinent service
- MCC Transport launches new intra-Asia service February 25
- Taiwan's Kaohsiung open to 12,500-TEUers with 2 new berths
- Portek first half profit up 21pc to US$5.68 million
- South African truckers 'to strike' if 20pc wage hike rebuffed
- Barge operator Seabridge belly up despite federal grants
- Spain's Grup TCB opens Colombian container terminal
- Arm ships against pirates, but only with professionals: expert
- IATA: UK policies 'will destroy legacy' of British aviation
- National Air Cargo gets federal okay for start-up carrier
- Qantas dismisses union claims pilots' job security under threat
|FEBRUARY 14, 2011|
- Bharati Shipyard's net profit dips 30 pc
- SCI takes delivery of Aframax crude oil tanker
- UK P&I Club publishes aide-memoire for guidance on new Paris MoU inspection regime
- Colombia for better trade ties with India
- Ethiopia calls for Indian investments
- Dr Manmohan Singh dedicates Vallarpadam ICTT to the nation
- JNPT Chairman inspects parade, cultural programmes
- Cargolux offers perishable goods protection
- US gantry cranes to be launched soon
- Exim Bank to get $300-m loan to fund exporters
- FIIs may shift to Brazil, Russia
- Govt changes its mind, offers Rs 500-cr. sops to exporters
- Govt to review 'options' due to falling FDI
- Govt under pressure to lift ban on onion, sugar exports
- Industrial growth sinks to 20-month low at 1.6 pc
- Jan.-April net direct tax collections climb 20.45 pc
- Many banks jack-up lending, deposit rates
- Output deficit may lead to greater coal imports
- Counterfeiting & piracy losses to touch $1.7 trillion by 2015
- Training programme for 7,000 artisans soon
|FEBRUARY 11, 2011|
- South African Airways takes delivery of Airbus A330
South African Airways has become the latest operator of Airbus A330 aircraft. The A330-200 is the first of six to be delivered to Aircastle Limited during 2011, all of which will b...
- SNCB Logistics now operates as an autonomous company
SNCB Logistics, a new company, has now become operational, as foreseen in a restructuring plan approved by the European Commission. SNCB Logistics has assumed the use of more then ...
- Ken Livingstone and Knorr-Bremse Austria receive European Railway Award
The European Railway Award 2011, sponsored by the Community of European Railway and Infrastructure Companies (CER), the Executive Interim Management (EIM) and the European Rai...
- SCT Logistics opens Australian interstate railfreight terminal
SCT Logistics recently opened its USD 30 million new interstate railfreight terminal, allowing trains to effectively pull up at the backdoor of warehouses. The enterprise has added...
- Volvo selling more trucks
Volvo, which sells trucks under the Mack, Renault and UD Trucks brands as well as its own name, said its sales in 2010 jumped by 28% to 48,041 vehicles, up from 37,678 units in 200...
- New South African driver's licence legislation delayed
The South African transport department in Pretoria has delayed putting into motion amended national road traffic regulations, which would make it illegal to drive a light motor veh...
- UK policies will destroy legacy of British aviation, says Iata
In a speech to the Aviation Club in London, Giovanni Bisignani, director general and CEO of the International Air Transport Association (Iata) called on the British government to i...
- Hainan Airlines expects huge earnings increase for 2010
China's Hainan Airlines expects to report 2010 net income of more than CNY 2 billion (EUR 225 million), a six-fold increase over the CNY 335 million (EUR 37 million) net profit rep...
- Global Ports Investments increases cargo throughput in 2010
The stevedoring companies of the Global Ports Investments group (GPI) handled 1.1 million teu, 59,463 ro-ro cargo units (including cars) and 19.2 million t of other cargo (includin...
- First ship calls at new Buenaventura terminal
TCBuen, a Buenaventura (Colombia) container terminal belonging to Grup TCB, a leading Spanish port operator, received its first ship, the "Rio Verde", at the end of Janua...
- German transport industry calls for strategic expansion of inland waterways
The Deutsches Verkehrsforum, a German multi-modal industry association, supports reforms that Germany's national inland waterways and shipping authority (Wasser- und Schifffahrtsve...
|FEBRUARY 11, 2011|
- Royal Caribbean in new cruise ship deal with Meyer Werft
- New Global Class barges join Maxum Marine fleet
- Electric Boat gets $60 million for Virginia Class submarine affordability program
- Eidesvik places $138 million order for IMR/construction vessel
|FEBRUARY 11, 2011|
- Port of Grays Harbor expanding rail capacity
- Rail freight traffic up during week
- Port association schedules administration/legal issues seminar
- Panama Canal Authority brings super dredger onboard
- World Maritime University taps Skaanild as chairman
|FEBRUARY 11, 2011|
- Iran floating storage keeps 18 VLCCs off spot market
India is latest buyer of Iranian crude affected by trade ban
- VLCC earnings surge fourfold after cargo rush
Time charter equivalent earnings on the benchmark Middle East to Asia very large crude carrier route quadrupled last week to $42,000 per day
- Suezmaxes poised for rates rebound
West Africa spot rates expected to strengthen as dearth of VLCCs in Atlantic feeds through
- BDI rises but exchange says beware of false dawns
The Baltic Dry Index rose by 42 points to 1,178 on Friday, as capesizes rates continued improving
- Eritrea arrests jeopardise private anti-piracy forces
Detention of former Royal Marines working for PVI raises questions over role of Gulf of Aden country as embarkation gateway
- Crude Carriers beats expectations in fourth quarter
Chief executive Evangelos Marinakis points to the company's low cash breakeven and modern fleet for profitable results
- Bringing home the human cost of Somali piracy
The ordinary man and woman fail to link what they buy in the supermarket, or on the petrol station forecourt, with the realities of the pirate problem.
- Reduction in light dues to 2008 levels is essential
The light dues rate has to be reduced significantly this year to protect the UK's reputation as the premier place to carry on maritime business
- IMO anti-piracy plan under scrutiny
IMO counterpiracy expert Chris Trelawny answers charges that last week's unveiling of the IMO's anti-piracy action plan was little more than a rebranding of existing policies
- How the logistics industry can learn from the ant
Today's logistics networks need to be highly sophisticated and able to adapt quickly to unexpected jolts
- Slow growth puts UK box terminal expansion plans on hold
MDS Transmodal research shows that a full-phase development of several new container projects could provide substantial overcapacity by the end of the decade
- Aegean faces investor lawsuits
Company alleged to have violated US securities laws
- Eitzen Maritime Services posts $2.4m loss
Continues to struggle with drop in demand for its services
- Atlantico wins $4.6bn Petrobras drillship order
Brazilian yard to build seven drillships, to be owned by newly formed entity, Sete Brazil
- BaltEx delay must cease
It is in the interest of the industry and the Baltic Exchange that the launch of the BaltEx screen is not further delayed
- Norwegian Car Carriers in $21m share issue
Investors bite at offering of 33.8m new shares
- Seafarer or suspect?
The US should extend its visa control relaxation to foreign seafarers on board ships calling regularly at US ports
- Fears over Suez Canal shutdown abate
A strike by workers in the Suez Canal zone has not had any effect on transits or traffic movements, says GAC vice-president Erland Ebbersten in Cairo
- Textainer profits up 30% as box volumes rebound
Revenue grows 27% to $303.9m in 2010
- Ship covered bonds may plug financing gap
Investments in ship covered bonds could find more support, says Deutsche Schiffsbank spokesman
- Suspected pirates face death penalty for bungled MISC chemtanker hijack
Seven men charged with firearm offences in a Kuala Lumpur in the first such prosecution of African pirates in an Asian nation
- ConocoPhillips to end Kenai LNG exports
Cheap gas from overseas markets pushes Oil major to considering turning facility to imports-only
- New York in ballast water retreat
Move to abort planned tightening of IMO standard leaves shipowners more confused
- DHT pads follow-on with $8m over-allotment
Second trip to the New York follow-on share market issue in two years intended for vessel acquisitions, business acquisitions or other strategic alliances
- Chemoil records full-year loss of $9.5m
Company took $5.1m one-time write-off in fourth quarter.
|FEBRUARY 11, 2011|
- USCG to police EPA compliance
THE US Coast Guard today confirmed an agreement to inspect vessels for compliance with the Environmental Protection Agency's incidental discharge permit
- Royal Caribbean pulls order trigger
CRUISE major Royal Caribbean today confirmed a letter of intent with Germany's Meyer Werft for its long-rumoured 'Project Sunshine' series of post-Panamax newbuilds
- Ship KG placings pick up
EQUITY volumes raised in the German KG market for ship financing are slowly recovering from their 2009 trough, according to the German association of closed-end fund arrangers VGF
- Euroafrica acquires Sovcomflot ships
POLAND'S Euroafrica Shipping Lines has reportedly acquired three ships from Russia's Sovcomflot
- India shipping shares battered
SHARES in several of India's leading shipping companies have dropped to 52-week lows
- Milford Haven cargo spiked in 2010
MILFORD Haven said today the UK port handled 65.6M gt of cargo last year, up from 59M gt in 2009
- NY relents on ballast
NEW YORK environmental officials have agreed to delay ballast-water rules that critics feared would shut down the Great Lakes system
- GE's income drops 35%
GREAT Eastern Shipping said today a drastic fall in freight rates caused a 35% fall in income from operations during its October-December quarter
- Lithuania eyes Azeri energy
LITHUANIA is considering an energy deal with Azerbaijan to ship LNG and oil to the Baltic country, IHS World Markets Energy reported today
- Maraesco JV to spend up to $33M
SHIPOWNER Maraesco told Fairplay today it plans to spend up to €25M ($33M) developing Spain/Caribbean/South America trade
- India allows partial exports of iron ore
INDIA'S Supreme Court issued a ruling today enabling traders in Karnataka state to ship iron ore if the contracts involved were cleared before a July ban
- EMS losses deepen
NORWAY'S Eitzen Maritime Services promised to cut costs today after announcing a 23% year-on-year increase in losses for 2010
- Croatia picks yard bid
CROATIA'S government has chosen a local tourism company owned by mining businessman Danko Koncar to acquire the majority stakes in two government-run yards
- NCC raises $22M
OSLO'S Norwegian Car Carriers has raised 125M kroner ($22M) through a private placement of shares
- VLCC spot rates rise
VLCC SPOT rates on the benchmark Persian Gulf/Japan route have been rising all week on increasing activity, brokers told Fairplay today.
|FEBRUARY 11, 2011|
- Thailand Repeals Hazmat Insurance Regulation
Thailand repealed a new insurance requirement on shipments of hazardous materials that had caused great concern among U.S. suppliers, who...
- Connaughton Calls for Water Infrastructure Investment
The country needs to invest in the road, rail and water systems that support U.S. ports, with inland waterways systems...
- Former T&I Staffer Guilty of Corruption
A former House Transportation and Infrastructure Committee staff member faces up to seven years in prison after being found guilty...
- Genesee & Wyoming Carloads Jump 27 Percent
Rail carload traffic increased 27 percent in January at short line and regional railroad operator Genesee & Wyoming, rising to...
- Steen Replaces Ogiermann at Airline Group
Atlas Air Worldwide Holdings executive Michael Steen will replace Ulrich Ogiermann as chairman of The International Air Cargo Association, the...
- Lawmaker Proposes Cargo Tax for Infrastructure
Importers would see a 60 percent increase in transportation taxes if Congress approves a measure aimed at raising revenue for...
- LTL Trucker Vitran Loses $43 Million in 2010
Rising costs and a $39 million tax bill led to a $40.2 million loss for less-than-truckload carrier Vitran in the...
- FMC to Consider NVO Tariff Filing Rule
The Federal Maritime Commission on Feb. 16 will take up the thorny question of exempting non-vessel-operating common carriers from maintaining...
- Con-way Freight Hires Yield Manager
Con-way Freight hired trucking veteran John P. Burton to help boost the $3.1 billion carrier's less-than-truckload yield. As vice...
- Frankfurt, Munich Airports Break Cargo Records
Germany's largest airports, Frankfurt and Munich, broke cargo records in January and expect significant growth in 2011. Frankfurt airport...
- Oil Imports Send Trade Deficit Higher
Rising prices for imported crude oil caused the U.S. trade deficit in December to increase 5.9 percent from the previous...
- Amazon Closing Texas DC in Tax Dispute
Amazon.com says it will close its distribution center in Irving, Texas, because the state is demanding the Internet retailer pay...
- DP World Opens Controversial India Terminal
DP World inaugurated the Vallarpadam International Container Transshipment Terminal in India's Port of Cochin Friday. The terminal opened on schedule...
- Oakland Port Director Touts Growth, Innovation
The Port of Oakland is working with the private sector to increase container volume for the benefit of the entire...
- Georgia Ports Chief Urges U.S. Port Infrastructure Investment (Video)
Curtis Foltz, Executive Director of the Georgia Ports Authority, talks about U.S. infrastructure needs.
- Reversing Share
Before the 10-day West Coast port shutdown nearly a decade ago and the various disruptions at the ports of Los...
- Stolen Booze: a Potent Mix
Q: Some months ago, our company as a broker arranged transportation of a shipment of alcoholic beverages. The shipment...
- Baking in Risk Management
Looking to cut landed costs, ARCOP announced in November 2010 it had selected Transplace as its 3PL to manage shipments...
- 10 Questions for One Answer
GT Nexus defines landed costs as "the sum of all expenses to purchase, transport and import goods from one place...
- Logistics, at What Cost?
The global economic downturn halted, at least for a time, the moves by many companies to manage the movements of...
- Contract Terms
The Danish financial newspaper Borsen reported this month that Maersk Line and logistics operator Kuehne + Nagel signed an agreement...
|FEBRUARY 11, 2011|
- Global recovery threatened by piracy
- Belgian pears head for China
- Iran admits Nigerian arms cache deal
- Russian freighter sunk by newbuild boxship
- TAL's 'truly remarkable' year
|FEBRUARY 11, 2011|
- RCCL in Meyer Werft replay
Royal Caribbean unveils order for new generation cruise duo developed under code-name "Project Sunshine".
- PB sells chemical duo
Diversified Italian owner banks $58m in freshly minted tanker deal as it prepares for South Korean deliveries, brokers say.
- NCL turns to ABB
Swiss automation and technology contractor set to rake in $50m from contract tied to NCL newbuildings.
- Swift scoops orders
US shipyard squeezes another $20m out of Egyptian naval contract as Hosni Mubarak hands power to military high command.
- Petrobras pens seven
Brazil's largest yard group wins race tied to South American energy giant's $4.6bn drillship tender.
- Cruise crew murder charge
Local man charged with murder of Royal Carribean crew member whose body found near remote beach.
- Cosco in Armada win
Dispute over bankrupt company in bulk carrier chartering chain to be resolved in London.
- STX wins bulker quartet
Korean yard group to build four bulk carriers for $160m but shies away from revealing owner or unit sizes.
- Asciano could sell
New boss of Australian terminals company says operations will be offloaded if no improvement seen.
- Pair snare NOCC stock
Odin Management and Skagen revealed as two of the big names buying into Norwegian Car Carriers.
- Olsen orders crew quartet
Norwegian group boosts wind turbine installation operation with new ships at Batservice Mandal.
- GE spies tanker 'trigger'
Refinery expansion and oil demand to drive product tankers but bulkers face rate woe, India's Great Eastern contends.
- Carry on selling
Five departures so far in 2011 don't go far enough for New York-listed General Maritime, analysts say.
- Hvide Sande wins ferry deal
Danish shipyard to build new double-ended passengership for Feggesund service.
- Zacchello tanker attacked
German manager mum as pirates open fire on Italian-owned chemical carrier 50 miles off Lagos.
- Greatship axes Indian IPO
'Prevailing market conditions' put paid to Great Eastern offshoot's planned $150m floatation.
- Crude stuns Wall Street
Evangelos Marinakis-led tanker owner reports a profit in the fourth quarter to make a mockery of red ink fears.
- NOCC issue a hit
Oslo-listed car carrier owner now better placed to raise capital after institutional investors gobble up shares in private placement, CEO says.
- Costs push EMS into loss
Eitzen aims at 2011 return to profitability as recession or not seafarers still need to eat.
|FEBRUARY 11, 2011|
- Virginia box volume rose 8.6% in 2010
The Port of Virginia experienced an 8.6 percent increased in container volumes last year to 1.9 million TEUS, and overall tonnage grew 2.8 percent to 15.3 million short tons from the 2009 level, the Virginia Port Authority said late last month. The...
- Shipco expands Far East/Turkey services
Non-vessel-operating common carrier Shipco Transport has expanded its number of new direct services from the Far East to Turkey. The services link several Asia key origins -- Shanghai, Shenzhen, Qingdao and Busan -- to markets in the eastern Medite...
- Zenith promotes Ashwell to VP sales
Zenith Global Logistics has promoted David Ashwell to the newly created post of vice president of sales. He was director of sales for North America. Conover, N.C.-headquartered Zenith is an international supply chain provider specializing in home f...
- DB Schenker wins BMW distribution contract
DB Schenker Logistics said Friday it is setting up a logistics center in Leipzig to supply components to BMW car plants in China and South Africa. "It is one of the largest logistics projects we have ever acquired," Karl-Friedrich Rausch, member o...
- DHL expands Cincinnati hub
DHL will invest $22.5 million to expand its hub operation at the Cincinnati/Northern Kentucky airport to meet the growing demands of international shippers. Starting in March, DHL will build on 19 acres of land leased from the CVG Airport authorit...
- U.S., Croatia agree to open skies
The United States and Croatia on Feb. 3 signed an open skies agreement, which both sides anticipate will lead to direct flights between the countries. The signing comes almost two years after officials reached an agreement. The agreement is design...
- Air cargo climbs 21% in 2010
Freight volumes improved 20.6 percent for airlines in 2010, outstripping the 8.9 percent increase in cargo capacity, the International Air Transport Association reported last week. The freight load factor increased 5.2 percent to 53.8 percent. Pas...
- TITAN Salvage names Habib VP
TITAN Salvage, a subsidiary of Crowley Maritime Corp., has appointed Capt. Rich Habib to vice president with responsibility for the company''s operations, administration, finance and commercial activities. He is based at TITAN''s headquarters in Po...
- OOCL starts empty pickup service
Liner carrier OOCL said Friday it has started an empty container pickup appointment service in Hong Kong, where the company is based. "This service is the first of its kind in the shipping industry," OOCL said in a statement. "Customers can make a...
- Great Lakes industry presses for dredge funds
The worst of the economic recession may be over for the U.S.-flag Great Lakes carriers, but many find they still can't achieve full loads. Several decades of insufficient federal funds for the Army Corps of Engineers to perform maintenance dredging...
|FEBRUARY 11, 2011|
- Pusher barge system to be upgraded
ESL Shipping Ltd has decided to modernise its fleet of pusher barges in the summer of 2011 and will continue its long-term cooperation with the Finnish steel manufacturer Rautaruukki
- Ulstein to build offshore vessel for Eidesvik
The Norwegian yard group Ulstein has signed a contract with Eidesvik Offshore for the construction of an offshore IMR/ construction vessel for an undisclosed sum. The vessel, an Ulstein SX148
- Eivind Kolding new chairman of Danske Bank
Eivind Kolding, shipowner at A P Møller-Mærsk and CEO of Maersk Line, has been elected as chairman of the board of directors of Danske Bank. He will take the
|FEBRUARY 11, 2011|
- Navipac enters JV with emulsion fuel specialist
In a pilot project APT installed a blending unit at Navipac's Ecuadorian headquarters, where emulsions were created in diesel generators for power, as well as one of their smaller fueling vessels.
- Week ends with mixed prices
Crude futures lower after Egyptian President Hosni Mubarak announced his resignation.
- IFO prices stable in Fujairah
Avails reported to be 'very tight'.
- IMO meeting makes no progress on controlling black carbon emissions
Cook Islands blames MEPC 'obsession' with GHG as sub-committee requests 'clearer instructions' before discussing possible measures in Arctic region.
- Rotterdam market mixed
Hamburg bunker market 'very busy.
- Agency warns of problems with fuel lifted in US Gulf
'Out of seven ships which bunkered in the Houston area, three have reported machinery problems,' says Viswa Lab.
- Crewman rescued by bunker tanker
Sri Lankan Navy says seaman was 'lucky to have been saved'.
- Maersk in new agreement with 'emulsion fuel' developer
Quadrise Fuels and Maersk have been partnering a development project.
- Singapore to embark on 'floating structure' oil storage project
Tenders for the construction of the very large floating structure (VLFS) expected around June this year.
- Singapore 380 cSt passes $600 mark
General 'tightness of avails' at the port, players say.
- Another US law firm files complaint against Aegean
Complaint filed on behalf of purchasers of Aegean's shares between January 4, 2010 and February 3, 2011.
- Shell to 'redevelop' marine fuels facility at Australian port
Amid booming demand for marine fuels in the northern western Australia region.
- Sinopec Zhoushan month-on-month bunker sales steady
Volumes 'limited' by tight bunker avails in market, said company source.
- Chemoil posts full year losses despite 'strong' Q4 results
Wholesale-retail margin spreads showing 'signs of improvement', says executive chairman Mike Bandy.