|JUNE 14, 2011|
- Bangladesh ship-breaking yards resume work with rules eased
Bangladesh's vast ship-breaking yards are roaring back to business, after the easing of strict environmental regulations that brought the major industry to a halt for much of 2010.
- Iran shipping line to fight sanctions in EU court
Iran's state shipping line will challenge the latest round of sanctions at the European Union's highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say.
- Lloyds Bank in talks to sell shipping loans
Lloyds Banking Group plc, in which the UK government has a 41 per cent stake, is still in talks to sell its shipping loans.
|JUNE 14, 2011|
- Shenzhen volume increases 3.4pc in first four months to 6.84 million TEU
- Port of Guangzhou's box volume increases 13.6pc in April
- Diana Containerships holds share sale to pay Maersk for ships and service debt
- Chinese yards beat out Korea's, winning Seaspan 7-mega ship order
- Youngest BIMCO president, 43, weighs in on eco-rules, high oil prices, piracy
- MSC to hike rate US$200/TEU - $300/FEU on Euro-Med to US on July 7
- High MOL green rating clinches loan from Development Bank of Japan
- American Feeder Lines starts US-Canada east coast Boston-Halifax service
- CSX, Norfolk Southern start upgrade of intermodal terminals in eastern US
- Boeing forecasts 4pc annual growth in Mideast air cargo for 20 years
- Dubai's Calogi adds National Air Cargo to its client list of 90 airlines
- UPS doubles Central American and northern South American air cargo capacity
|JUNE 14, 2011|
- Allcargo Laxmi makes maiden call at Mumbai Port
- ESC opts out of Global Shippers Forum as it seeks NGO status
- Old Dominion offers LCL service in Taichung, Keelung, Kaohsiung
- Rail freight service linking Chongqing and Antwerp open for business
- Ramesh Jaisingh calls for freight rate parity with forwarders
- Rio to expand two box terminals ahead of major global sporting events
- Zim splits Pacific leg ZCS service into two separate loops
- Exporters looking at having piece of global sugar demand
- Pradip Kumar Agrawal appointed CEO of Gateway Terminals India
- Vasan to hold talks with unions on Major Port corporatisation
- Agartala-Akhaura rail track alignment being finalised
- CONCOR-SC celebrates Customer Day in style
- Road construction target of 20-km-a-day unlikely before 2014: Govt
- TNT Exp India-Europe service to deliver cargo in a day
- Empty ISO containers repositioned to ICD-Khodiyar
|JUNE 13, 2011|
- Deployment changes will hit Carnival earnings
- BIMCO elects its youngest President ever
- Incat Crowther develops crewboat design for Brazilian market
- Solstad returns to Gibdock for PSV conversion
- Vroon Group subsidiary orders two wind farm service vessels
|JUNE 13, 2011|
- Construction work completed on Tacoma overpass project
- Tanker released by pirates following 75-days in captivity
- Boeing celebrates opening of South Carolina Dreamliner site
- Corps warns of hazards due to Columbia River flooding
- Trucking group calling for withdrawal of hazmat proposal
|JUNE 13, 2011|
- VLGC rates creep up but owners struggle for profits
Two-week high for rates as charterers take on ships in Middle East Gulf
- LR tankers find favour in quiet market
Long-range two tankers have been at the top of the agenda over the past week with brokers reporting a number of varied transactions ranging from straightforward sales to refinancing deals, in an otherwise quiet tanker sale and purchase market
- LNG order spree to avoid previous pitfalls
The recent spate of LNG carrier newbuilding ordering is unlikely to drive the market rate down through an oversupply of vessels as happened during the last speculative ordering spree ten years ago
- Bangladesh import tax rise to stifle scrap rates
Brokers fear Bangladesh dip could spark falling rates across Indian subcontinent
- Chinese snap up older Japanese bulkers at premium prices
Chinese buyers have bought the Hitachi Shipbuilding-built panamax bulk carrier Blue Coral at a premium, as older Japanese-built bulk carriers dominated the headlines last week, pulling in buyers attracted by their quality
- Stability the bride of prosperity
The re-election of prime minister Recep Tayyip Erdogan's Justice and Development Party can only help Turkish shipping's aggressive players to build up their presence
- Cost of sanctions
The international isolation of Iran is spreading throughout the country's economic life, as OPM has just discovered
- Arming yourself againstthe exposure to liability
Use of armed guards on ships could lead to unforeseen litigation
- Service reliability figures should be standard marketing information
Carriers that embrace a customer-focused approach will be more successful in the long run
- Under the hammer: Odense yard to be sold off
Famous yard and its contents to be sold
- Vsat satellite services increasing in popularity despite drawbacks
Increased costs are a major hurdle, survey reveals, but improved connectivity and applications are overcoming doubts
- New research adds doubt to benefit of LNG as ship fuel
SOx and NOx advantages are clear but Swedish research says global warming reduction is being overstated
- Container industry heavyweights join drive for electronic bills of lading
Nigel Pusey and Andre Toet appointed as directors of ESS
- Maersk call to arms gives fresh impetus
IT companies welcome initiative on transparency
- CSAV pulls out of east-west box trades
Asiam service linking the Indian subcontinent, Southeast Asia, China and US west coast to be suspended as rates keep falling
- Drewry forms alliance with tendering software provider
Move comes as Trade Extensions seeks a partner able to help its clients build tenders that reflect that complexity of inter-continental supply chains
- Depreciating dollar dashes hopes for Chinese cash
Owners warned not to rely on China to pick up the slack from traditional lenders
- Inexperience a danger in arctic, says insurer
Remoteness pushes up cost of cover for polar voyages
- Shipping escapes fallout from China's spat with Vietnam
Territorial disputes are not so far impeding the flow of maritime trade through South China Sea
- Norway's Solvang returns to Hyundai Heavy for 84,000 cu m LPG carrier
Vessel is scheduled for delivery in third quarter of 2013
- Ship capsizes at Algeciras berth
Investigation under way as cause of casualty is still to be discovered
- Keppel FELS wins $260m rig order from Floatel
Third order for semi-submersible accommodation rig from Oslo-listed company
- Ransom paid to free tanker Zirku said to be well below the reported $12m
Confusion caused by uncritical acceptance of Somali pirates' talking-up of deals
- FreeSeas chops its asking price on warrants
Class-Z expiration date extended from June to August as new value of $1.80 compares with Nasdaq share price of $2.20
- HSBC raises forecast for DP World
Ports group's adviser sets higher share price target in trading update
- Tanker trauma tails off but dry dramas remain
Capesize rates are likely to stabilize this week with prompt tonnage in demand for late June and early July from Australian mining names
- Singapore container throughput shows 4.3% rise for first five months
Volumes in May are the best so far this year
- OPM draws blank on Iran port contract payment
Port consultancy says payment dispute with Iran's Tidewater has reached a dead end
|JUNE 13, 2011|
- Layoffs spark Bilbao strike
WORKERS walked out today at the La Naval yard in Bilbao in reaction to a move to lay off 40% of the workforce
- LNG building boom extending
SHIPPING analysts predicted today that the newbuilding surge in LNG carriers would continue, with LNG role in the global energy mix growing steadily
- 5.5% box rate rise seen
A BANK report has predicted a rise of 5.5% in box rates on average this year
- IRISL to appeal EU sanctions
IRISL reportedly plans to challenge sanctions against it before the EU's highest court
- US Navy intercepts suspected weapons ship
A US WARSHIP has reportedly intercepted a ship suspected of smuggling weapons to Myanmar from North Korea
- Tallinn's cruise sector is booming
CRUISE passenger arrivals in May rose 33% in Tallinn from that month of 2010
- Three hurt in capsizing
DENMARK'S salvor Svitzer is working today on a plan to refloat a box ship that capsized at Algeciras, injuring three seafarers
- Saudi non-crude exports rise
SAUDI Arabia's exports of petrochemicals reportedly rose 41% in April over that month of 2010, but such exports dropped on a month-on-month basis
- Shell plans second FLNG project
ROYAL Dutch Shell announced today that it is helping to develop a second floating LNG facility off Australia, less than month after it revealed plans for the world's first such facility
- Phnom Penh's May total rises 34%
THROUGHPUT at Cambodia's Phnom Penh Autonomous Port in May reportedly rose by 34% from totals recorded in May 2010
- Bumi Armada plans IPO
MALAYSIAN offshore and FPSO player Bumi Armada plans to raise at least 175.7M ringgit ($57M) in a relisting
- Tug master killed in Oz capsizing
A TUG MASTER has died after his vessel capsized in Gladstone in Queensland
- OPDR, XCL merge services
GERMAN shortsea carrier OPDR and Swiss feeder carrier X-Press Container Line have merged their box services linking northern Europe with northern Spain and Portugal
- VLCC fixing exceeds high
FIXING on the VLCC spot market high in April and May exceeded its three-year high, yet freight rates remain subdued on ample tonnage supply, shipbrokers said
- Demolition derby speeds up
SOUTH Asia's monsoons are dragging down breaking rates, but traders and brokers told Fairplay today owners are keen anyway to scrap their least profitable rustbuckets
|JUNE 13, 2011|
- Port Plans for Sydney, Nova Scotia
James Wooder of Sydney Port Group describes plans for the development of a major container and breakbulk port at Sydney,...
- As One Strike Expands, Another Looms in Canada
Canada's 10-day series of rotating postal strikes mushroomed Monday to 10 cities in seven provinces as a potentially more damaging...
- CSAV Volume Up, Average Revenue Down
CSAV's volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined. ...
- Nehru Port Volume Down 2 Percent
Container throughput in India's Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the...
- Court Hears ATA's Arguments in Clean Truck Case
The U.S. Court of Appeals for the 9th Circuit heard oral arguments in the American Trucking Associations' challenge to the...
- Maersk CEO Explains Details of Manifesto
When Maersk Line CEO Eivind Kolding issued a manifesto to the container industry on June 7 calling for...
- Japanese Firm Inks Westwood Purchase Deal
Japan's Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake...
- CSAV Suspends Trans-Pacific Loop Service
Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S....
- Greek Dockworkers Plan 24-Hour Strike
Greek dockworkers will join a 24-hour general strike June 15 to protest fresh austerity measures imposed by the Socialist government...
- Hub Group Buys Drayage Company
Intermodal services provider Hub Group acquired Domestic Transport, a Pacific, Wash.-based drayage company that delivers containers in the Pacific Northwest. "This...
- Seaspan Adds 61st Ship
Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units. ...
- Export Surge Pushes Round-Trip Strategy on Pacific
Container ship line APL says the fast-growing U.S. export volume on the Pacific is pushing carriers toward a greater "round-trip...
- Can YRC Worldwide Be Saved?
After acquiring the regional trucking operator USF for $1.37 billion in May 2005, YRC Worldwide Chairman, President and CEO William...
- Horizon Extends Refinancing Deadline
Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes,...
- First-Class Postal Reform
The U.S. Postal Service lost $2.2 billion in the second quarter of its current fiscal year. Much of the loss...
- After a Pause, Rail Freight Picks Up
Just when new monthly reports on U.S. employment, home values and factory demand confirmed the economic recovery sputtered toward a...
- Europeans Buy Into US Trucking
A little acquisition by a very big company sent a jolt through the U.S. trucking industry on June 1. Deutsche...
- Shrinking 0l' Man River
The threat level is rising along with the water along the Mississippi River, endangering two-thirds of U.S. grain exports and...
- Cajun Country's Big Catch
The Port of New Orleans and the terminal operator owned by Mediterranean Shipping Co. and Ceres Gulf plan to uncork...
- Galveston's Return on Privatization
When the deal to sell the Port of Galveston's facilities to an investor group of Hutchison Port Holdings and Carlyle...
- Houston's Future Arrives Early
The Port of Houston doesn't have to wait for the opening of the Panama Canal's larger locks in 2014 for...
- Separation Anxiety
We're nearly halfway through 2011, approaching what is traditionally the strongest time of the year for carriers. The post-holiday drowsiness...
- Puerto Rico to scan Domestic Boxes
Shippers and carriers are complaining about a Puerto Rico Ports Authority plan to require electronic imaging of every domestic container...
- China's Distribution Revolution
In less than 10 years, China will be crisscrossed by a national highway system 53,000 miles long that will cover...
- A Brighter Horizon?
Horizon Lines says it has found a way out of a financial crisis triggered by the company's guilty plea and...
- Easing Into the Peak
The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft...
- Rolling Container Volume
Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of...
- Surcharges Fuel Suspicion
Slow-steaming by container ship lines is thickening the fog of war between shippers and carriers over bunker fuel surcharges. ...
- Revamping Product Safety
House Republicans introduced a bill to reword the Consumer Protection Safety Improvement Act of 2007 with such changes as the...
- A Bridge And A View
With one of North America's most dramatic bridges as a backdrop, Michigan Gov. Rick Snyder launched a new push to...
- Census Turns Back the Clock
Proposed changes to export rules that would eliminate post-departure filing on all but a select number of agricultural shipments are...
- Rate of Recovery
Now that negotiations with the Teamsters union, lenders and others with a financial stake in the company are largely completed,...
|JUNE 13, 2011|
- Why higher oil prices represent a double-whammy for ocean carriers
Oil makes the world go around: the black stuff and world economic growth are inextricably linked. Prior to the 2008 watershed Lehman Bros crash, a barrel of oil had peaked at USD147, but by the end of that year, prices had plunged to USD30 in the wake of a recessionary-induced global downturn in demand.
- Small shippers suffering
- Somali pirates collect second-largest pay-out
- Maersk boxship capsizes at Algeciras
- Gloomy data depresses stocks
- OPDR and X-Press team up on new service
|JUNE 13, 2011|
- PB in FSO debut
Italian shipowner on the brink of converting Thenamaris products tanker following $25m deal.
- Bloomberg's bet
Mayor of New York backs plan to expand BillyBey-operated ferry service along the East River.
- Pirates spring Suez
Hijackers release Red Sea Navigation vessel and crew after scoring ransom payment, sources claim.
- CSAV runs for cover
Chilean operator forced to find work for Diana Containerships vessel as turbulence rocks transpacific market.
- Jumbo's demo diet
Dutch heavy-lift owner sends vessel to beaches of Bangladesh for breaking, sources say.
- Hong Kong under fire
Scientists and environmentalists accuse government of going slow on emissions regulation moves.
- TEN scraps aframax
Greek tanker owner dodges dry-docking bullet following $11m demolition deal, brokers say.
- Carnival cuts again
Cruise giant admits under-estimating impact of Middle East turmoil, Japan 'quake and oil price on second-half results.
- CPLP seals bulker switch
Evangelos Marinakis-controlled shipowner completes dropdown of capesize vessel Agamemnon for $98.5m.
- Box diagnosis unclear
Wan Hai VP Davis Kao says still too early to determine how convalescent container industry will fare next year.
- Yujin finds its niche
London-listed owner carves out small 2010 profit in tough Asia Pacific chemical tanker sector.
- North Korean ship stopped
Belize flag merchant ship suspected of carrying missiles to Myanmar is turned back by US destroyer.
- Dirty docking defended
Steam cargo pumps mean no need to plug in and avoids explosion risk says Intertanko in LA terminal row.
- Pirates defy 30-ft waves
Greek and Indian bulkers attacked in Arabian Sea despite giant monsoon season waves.
|JUNE 13, 2011|
- Fake designer duds blocked at SoCal ports
Authorities at the Port of Los Angeles-Long Beach complex have confiscated $14.3 million worth of knockoff designer clothing in three separate shipments from China during the past three months, U.S. Customs and Border Protection announced Thursday....
- Logwin opens Dongguan office
Logistics company Logwin said Monday it has opened a new office in the Pearl River Delta as it expands its presence in China. The company has opened an office in Dongguan, one of China's key manufacturing cities, to complement existing offices in G...
- Old Dominion moves to larger San Jose center
Old Dominion Freight Line said Friday it has moved to a new and expanded location in San Jose, Calif., to accommodate growing volume in the area. "Within the last three-and-a-half years, the San Jose Service Center has experienced explosive growth,...
- Hub subsidiary adds to drayage network
Comtrak Logistics, an intermodal shuttle and truckload carrier, has acquired key parts of Domestic Transport Inc., a Pacific, Wash.-based company that also executes short hauls of intermodal containers between ports, railheads and customer docks, p...
- Grand China Shipping adds Pusan call
Grand China Shipping said its Super Pacific Express (SPX) service will begin regular calls in Pusan this week. The company said one of its ships called Pusan on June 2, but that Pusan would become a part of the regular SPX rotation on June 17. The ...
- SeaIntel: Tough times for small shippers
A new report from maritime analyst SeaIntel has found it's tough for new, small shippers to get freight rate quotes from liner carriers and large forwarders.In the latest edition of the company'sSeaIntel Sunday Spotlight,SeaIntel describes an inve...
- Brother, can you spare a rate quote?
|JUNE 13, 2011|
- Markets largely softer on quiet day
Some ports showing significant losses while others see little movement in bunker prices.
- Bunker costs to hit second-half results
Carnival Corp. says it underestimated the impact of higher fuel prices and itinerary changes.
- Prices climb in South African ports
Fujairah opens week with slightly lower prices.
- Tolson leaves Chemoil
Vice President of Sales and Marketing had been with the company 25 years.
- EU states could help ship operators retrofit 'scrubbers'
EC official looking for ways to make ECA compliance less daunting.
- Oil boom placed around capsized containership
Vessel 'lurched to one side' during loading operations in Algeciras.
- Week starts with bunker prices largely down
Demand for bunker fuel mixed at major Asian ports.
- Singapore bunker sales rebound to four-month high
2.87 million mt of 380 cSt bunker fuel sold in May, the highest in four months.
- Chemoil to complete Fujairah storage facility by Q3 2011
Large project 'on target', says CEO of Chemoil.
- Bunker trader joins Tokyo-based bunkering firm
Sunny Tang from China with four years of experience in bunker trading firm.
- Shipping group calls for mandatory switch to low sulphur fuel
Hong Kong Shipowners frustrated by the lack government action.