|OCTOBER 14, 2011|
- Hurricane Jova hits Mexico's main Pacific port
Hurricane Jova flooded the streets of Mexico's main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides.
- Bold bid to pump oil from listing ship
A salvage crew yesterday made a daring landing on a crippled container ship leaking oil off New Zealand, as the vessel's owners apologised for the country's worst sea pollution crisis.
|OCTOBER 14, 2011|
- LA September container imports decline 0.16pc, but exports up 26.6pc
- Rena's oil hits NZ beaches, ship's break-up averted as seas calm
- OOCL updates additions, subtractions in Grand Alliance winter programme
- Reliability improves on Asia routes in peak season, says SeaIntel
- China hires lobbyist to help defeat US currency bill to force RMB float
- Wal-Mart says: Keep pricing low and stop freight rate volatility
- Hamburg Sud names sixth 7,100-TEU ship the Santa Rose
- Transport law firm Norton Rose sees restructuring, insolvency for majors
- Wuhan to build Yangluo port area to serve middle and upper Yangtze
- Singapore's Infocomm Development Authority signs deal with Brazil ports
- New Delhi urged to exempt Vallarpadam box shop from strict cabotage law
- Saudi Arabia gives go-ahead to Red Sea-Persian Gulf landbridge railway
- London Gateway to open in 2013 with kick-off capacity of 1.6 million TEU
- India upgrades with Allcargo purchase of e-RTGs in Mumbai, Chennai
- DHL Express launches weekly Bangalore-Leipzig freighter service
- Lufthansa: High Court Frankfurt night flight ban will kill air cargo
- Cathay commends Hong Kong chief executive's vow to enhance logistics
- Hong Kong's AAT airport volume off 7pc to 57,209 tonnes in September
- UPS extends electronic customs clearance offer to air cargo customers
|OCTOBER 14, 2011|
- Bad vibrations lead to costly dispute for shipmanager
- ICS says CO2 compensation fund could help ports adapt to climate change
- Idling tankers projected to touch 2-decade high
- MALA 2011 again raises the bar for industry awards
- Piracy issue back on maritime agenda
- Transworld Group bags 3 prestigious awards at MALA 2011
- Coffee exports surpass $ 1 bn milestone in 2010-11
- Exporters peeved by high global cotton output estimates
- Exports up again in September, but deceleration on
- Govt must provide more fillip to exports despite odds: Fieo
- New drawback rates will benefit leather industry: CLE
- Planning for retirement? Think deeply
- Stop India & China abusing subsidies to boost exports: US
|OCTOBER 13, 2011|
- Gefco opens overland transport branch in Stuttgart
Gefco Germany is continuing its expansion strategy and opening a new branch for overland transport in Stuttgart (Germany). On an area of 1,200 sqm the new site offers transport ser...
- Czech Railways orders 16 Railjets from Siemens
Siemens Mobility has received a EUR 200 million order from the Czech railway company Ceske Drahy (CD) for the delivery of 16 seven-car Railjet trains. This order involves an option...
- ITG and Bosman start Munich-Belgium truck services
ITG and the Dutch logistics company Wim Bosman now offer regular direct truck transportation between Munich and Belgium. This new relation comprehensively connects Belgium and Luxe...
- FedEx Express launches new intra-India service
FedEx Express, a subsidiary of the FedEx Corp, has launched FedEx Economy, an intra-India, door-to-door, day-definite express delivery service for ground consignments. With this la...
- Locos upgraded for European rail freight services on High Speed 1
DB Schenker Rail (UK) is to upgrade five class 92 locomotives for rail freight operations on High Speed 1, as it continues with its plans to introduce regular services on Britain's...
- Würth Logistics accompanies warehouse project in Sweden
The intralogistics team of Würth Logistics from Chur (Switzerland) was chosen in September to carry out the detailed planning and implementation of a new major project for the Swed...
- Gebrüder Weiss expands air and sea management team
Vojislav Jevtic has assumed the management of global product management seafreight and management project logistics and breakbulk at Weiss brothers as of 1 October. Born in Hamburg...
- Fesco and BLG Logistics establish joint venture
The BLG Logistics Group and Fesco have established a joint venture to develop comprehensive logistics solutions for the Russian automotive industry. The initial investment is EUR 1...
- Damage of at least EUR 50 million from Waldhof disaster
The river Rhine near St Goarshausen was closed for a total of 33 days due to the Waldhof disaster. The damage amounts to approximately EUR 50-55 million. Experts took about five mo...
- EU-Russia aviation summit: normalisation and liberalisation
At the EU-Russia aviation summit, which started yesterday in St Petersburg, European airport trade body ACI Europe denounced the lack of progress in normalising aviation relations ...
- Boeing opens China service centre in Beijing
Boeing this week opened a new service centre in Beijing, to provide enhanced product support to China's growing commercial aviation industry. It comprises highly-qualified pilots a...
- Short-term night-flight ban in Frankfurt
Just one and a half weeks before commissioning a new runway, a German administrative court has imposed a night-flight ban on Frankfurt airport. According to the planning decision f...
|OCTOBER 13, 2011|
- Port of Portland Commission Oks industrial land purchase
- Port of Everett supports newly-passed free trade deals
- Corps closing Ballard locks for routine maintenance
- Sea-Tac Airport marks arrival of Cargolux 747-8 freighter
- Commerce Department report finds US exports drop during August
|OCTOBER 13, 2011|
- DP World's London share listing disappoints
Analysts point to limited free float as root of the problem
- South-South trade can be win-win for dry bulk investors
The new so-called Southern Silk Route is among a number of reasons to be cautiously cheerful in distressed dry bulk circles
- Greek dry bulk spending halved in first nine months
Canny owners play waiting game as bulker prices head downwards
- Fincantieri's struggling Sestri Ponente yard seals $68m state aid
Genoa port authority reported to be adding further funds
- Shale gas poised to boost American coal exports
The US could become the world's swing producer of coal, but only when its miners increase production
- VLCC prices continue nosedive
Falling values for secondhand VLCCs will lead to more owners considering the scrapping option
- Greek bulker owners 'more optimistic' than Asian counterparts
But fragmented industry has to discipline itself, Marine Money conference in Athens is told
- Shipping must communicate now
Protection of brand value and a strong communication ethos can make a company attractive to public and private equity
- Faster than the speed of spin
Artful words and a pledge such as that used to advertise Daily Maersk seem to lift us out of the realm of the possible
- Weak spot market takes shine off Fairstar
Third quarter loss hits $2.6m, but strong position anticipated for next year
- Teekay has the financial clout and market scope for deal
Alliance could bring expansion on a wholesale basis
- Sevan set to reap benefits of having Teekay as a partner
History of rescue deal reveals clues as to future game-plan
- Product tanker values could fall by a fifth if global economy slumps again
Under a 'stress scenario' refined product trade would decrease vessel demand, says DVB Bank's research team
- Puerto Rico officials sued over security fee
Shippers and liner companies describe it as discriminatory and unconstitutional
- Mediterranean product tanker rates boosted by Turkish Straits delays
Product tankers are latest tanker segment to be positively affected by congestion
- China export bank pitches for more European business
Cexim has $12bn portfolio, including 80 overseas owners, but says Chinese builders losing out this year
- Supramax rates poised for fresh 2011 record
US Gulf-Europe route lifts Atlantic market as pet coke cargoes drive increased demand
- Fesco and BLG form joint venture for St Petersburg car handling
Russian auto market to become Europe's biggest, partners say
- Venezuela drug bust marks new high in seizures
Discovery of 478 kg of cocaine on board Bernhard Schulte-managed bulker highlights rising trend in maritime drug smuggling cases
- Trailer Bridge receives second delisting notice
All eyes on $82.5m bond maturity in November
- Rena master has 'exemplary record'
New Zealand 'found no problems' with vessel during September inspection
- Capesize rates reach 11-month high
Pacific round voyage tops $30,000 a day as Australia's Rio Tinto reports record iron ore production in third quarter
- Rena's P&I insurer confirms cover is capped
New Zealand can look to IMO but its failure to ratify recent conventions means provisions are limited
- Albanese links Rena incident to need for shipping reform
'Very grave error' to think that domestic shipping industry does not matter
- New arbitration centres will take time to evolve
While Singapore presents a challenge to London new players will have to wait their turn
- Kanway opens service to Vietnam
Taiwan operator betting on increased trade between southern China and Hai Phong
- Costamare apologises to New Zealand
Owner of Rena cites 'great regret' at anguish caused by 350-tonne spill as Tauranga port closes overnight
- Hamworthy says orders are healthy
UK supplier reports stable market conditions
- Carry on regardless
Shipping never ever throws a collective hissy fit and stops serving the global economy
- A solid boost to trade
Improved sentiment on both sides of the Pacific is reason to smile
|OCTOBER 13, 2011|
- Staggering Saga sells VLCC
NORWAY'S Saga Tankers said today it has sold its second ship in six weeks and warned that it risks breaching covenants in loans
- LNG subsidy approved
THE EC has approved a 925M zolty ($277M) subsidy for building an LNG terminal in Poland, IHS World Markets Energy reported today
- Wider box ship layups seen
BOX SHIPPING companies might need to lay up vessels aggregating more than 1M teu to rebalance the market and stop the rate fall, a BIMCO analyst has warned. Wider box ship lay-ups predicted
- Goa iron ore slowed
IRON ORE exports through Goa, India's biggest exporter state, are being squeezed by suspension notices and orders issued against some companies for illegal mining and exports
- VLCC value erosion cited
THE VLCC sold today by Saga Tankers had lost more than half of its value in just 18 months, a shipping analyst pointed out today
- Textile cargo patterns shift
TEXTILE and apparel cargo flows into Germany have been shifting from China to other Asian countries and North Africa, a study has shown
- Korea Line, banks plan crunch talks
ANOTHER meeting between the receivers of the insolvent Korea Line Corp and "interested parties" is scheduled tomorrow
- Singapore bunker prices jump
BUNKER prices have been firming with crude at more than $100 per barrel again this week, causing Singapore prices to jump on tight supply
- PIL nearer PST delisting
SINGAPORE'S PIL has moved closer to its intention of delisting and privatising Pacific Shipping Trust
- UK's WFW combines with Singapore firm
UK SHIPPING law firm Watson Farley & Williams has entered into a venture with the Singapore firm Asia Practice
- Indonesia might restore coal export tax
INDONESIA could reinstate a coal export tax, which it abolished in 2006 after exporters and miners challenged the rules in court, IHS McCloskey reported today
- Rio Tinto shipments soar
MINING giant Rio Tinto today reported record iron ore sales for the quarter ended 30 September, as shipments gained from Western Australia's Pilbara region
|OCTOBER 13, 2011|
- J.B. Hunt Transport Profit Rises 32 Percent
J.B. Hunt Transport Services stayed well ahead of a slowing economy in the third quarter, increasing its net profit 32...
- DOT Chief LaHood Won't Serve Second Term
Department of Transportation Secretary Ray LaHood said he won't stay on the job for another term, nor will he run...
- Manufacturing Index Shows Slower Growth
U.S. factory activity continues to grow in an unsettled economy but at a slower pace, the Manufacturers Alliance/MAPI said in...
- DOT Freight Index Hits Three-Year High
Freight carried by for-hire transportation providers posted a month-to-month gain of 0.4 percent in August, reaching its highest level since...
- Rail Traffic Outpaces 2010 in Latest Week
North America's major freight railroads hauled 2.1 percent more intermodal traffic than a year earlier in the week ending Oct....
- FedEx Ground Opens Major North Carolina Hub
FedEx Ground opened a $100 million sorting and distribution hub in North Carolina Wednesday that will speed package deliveries in...
- Virginia Ports Expand Market Reach via Rail
The Virginia Port Authority is expanding its market for discretionary container shipments into the Southeast and the Midwest through two...
- LaHood Says Infrastructure Bill Likely by Year-End
Transportation Secretary Ray LaHood said he thinks Congress will pass an "infrastructure program" by the end of this calendar year....
- Japanese Container Exports to Slow, Analyst Says
Japanese containerized cargo exports will slow to 0.2 percent in fiscal 2011, which started on April 1, after growing 9.2...
- Hold the Shovels
South Carolina's refusal to grant a permit to deepen the Savannah River is just a bend in the river, say...
- Rail Peaks and Caution Flags
North American intermodal traffic is hitting all-time weekly highs but the biggest railroads are raising caution flags about how the...
- Prep for Fall Peak
The rail peak season is under way for intermodal and some other cargoes, and the heads of major railroads have...
- Analyst Says ECRI Warning Could Signal Rail Slump
A recession forecast from the Economic Research Cycle Institute could point to a slump in rail freight volumes in coming...
- Transplace Acquires Intermodal Marketer
Logistics services company Transplace is expanding from its trucking base into intermodal rail by acquiring intermodal marketer Celtic International. ...
- US Trade Deficit With China Hits Record $29 Billion
The U.S. trade deficit narrowed slightly to a four-month low in August but the trade deficit with China hit a...
- Agencies Detain Containers at Port of San Juan
Federal, state and municipal agents said three containers were detained for improper placards among the 252 containers and tanks checked...
- Congested Indian Port Suspends Export Operations
The port-terminal authorities at Chennai, India's second-largest container gateway, temporarily suspended export cargo movements and scaled back vessel handling as...
- Lufthansa Sees 'Major Setback' in Frankfurt Flight Ban
SHENZHEN - Lufthansa Cargo CEO Karl Ulrich Garnadt says the carrier remains committed to an expansion plan at Frankurt Airport...
- Frankfurt, London Heathrow Cargo Traffic Down
Frankfurt airport in September handled 5.3 percent less freight than a year ago and London Heathrow's cargo traffic shrunk 3.7...
- Cargolux Gets Second 747-8 Freighter, Loads First
Cargolux has loaded cargo onto its first 747-8 freighter and will take over a second aircraft Thursday, after settling a...
- Stranded Container Ship Expected to Break Apart
A chartered Mediterranean Shipping Co. container ship that foundered on a reef in New Zealand's Bay of Plenty is expected...
- DB Schenker Begins Germany-China Container Rail Service
DB Schenker said its new daily rail container service between Germany and China, starting in late November, will more than...
- Congress Passes Three Free Trade Pacts
Congress on Wednesday passed free trade agreements with Colombia, Panama and South Korea. Once the terms of the deals...
|OCTOBER 13, 2011|
- Rena: salvors prepare for the worst
- Panama Canal still on track
- OPEC cuts demand forecast again
- Durban suffers strike action
- P&O Ferrymasters improves support from Libbey Leerdam
|OCTOBER 13, 2011|
- ADM orders bulker trio
Archer Daniels Midland puts rumours to bed as it inks order at Oshima Shipbuilding in a bid to beef up bulker arsenal.
- Tankers fail CCM stress test
Market titans face tough third quarter but Clarkson Capital believes OSG has what it takes to ride out the storm.
- Dockwise seeks relaxation
Dutch heavylift operator asks lenders to back "contingency plan" in anticipation of continued market turbulence.
- Diamond seals Cido deal
Wall Street legend Wilbur Ross proves cash is king as US product tanker owner secures spot in the big leagues.
- BP boost for Sullum Voe
BP's west of Shetland development will save Sullom Voe from eventual closure.
- SeaBird CFO steps down
Timothy Isden leads hunt for new finance chief as Oslo-listed seismic survey vessel owner closes in on cures for cash crisis.
- Pay cut for Star supramax
Nasdaq-listed owner will be bagging less from one of its ships which has rejoined Cargill for an extra year, brokers say.
- Bollore boosts Gabon
French group's CEO Vincent Bollore pledges $147m for upgrade at Owendo.
- Fairstar plots spot exit
Oslo-listed heavylift owner fights for survival in savage spot market plagued by excess capacity and declining cargo.
- Baltic boost for Cosco stock
World's largest bulker owner sees shares surge as dry-cargo rates set 2011 highs.
- Where do I sign?
Qatar Navigation's Qatari employees will get a 60% pay increase backdated to 1 September.
- Not liable says Gigilinis
Greek towage and salvage company says it has no responsibility for bulker wreck removal under Towcon contract.
- USC plots huge IPO
Russian state shipbuilding behemoth worth $3.2bn considers 25% stake sale within two years.
- Hamworthy pumping iron
UK-based pumps and valves firm expands its order book on tankers, FPSO and LNG orders.
- Frontline fun short-term
Improved showing from tanker titan's stock will be short-lived, analysts say
- Rio Tinto looks rosé
Mining giant's record iron ore and coking coal exports boost bulker rates in the third quarter.
|OCTOBER 13, 2011|
- Big step for U.S. trade
- FMC publishes proposed rate index use rulemaking
The U.S. Federal Maritime Commission has published a proposed rulemaking to amend its rules to provide common carriers and their customers with certainty and flexibility if they decide to use long-term contracts that adjust based on a freight rate...
- OOCL exec urges better pricing, innovation
Erxin Yao, president of OOCL (USA), urged the shipping industry to pay more attention to pricing services profitably and fostering innovation rather than trying to hold onto market share. "Faced with the challenges of today, we forgot why we suffe...
- Congress approves FTAs
Capitol Hill lawmakers on Wednesday approved the long-awaited free trade agreements with Colombia, Panama and South Korea, and voted to renew Trade Adjustment Assistance (TAA), the Generalized System of Preferences (GSP) and the Andean Trade Prefe...
- GT Nexus adds social networking
GT Nexus has launched "G2," a social networking tool. As an example, information technology applications developer said members of its GT Nexus Shipper Council - a group of shippers - are using G2 to collaborate on key initiatives. "The shipper co...
- Panalpina starts Ludhiana, India branch
Panalpina has opened a branch office in Ludhiana in northwestern India. It's the second India office the Swiss freight forwarder has launched recently, with a new office in Jaipur opening two weeks ago. "Ludhiana in north India is home to thousand...
- NDO America relocates U.S. headquarters
NDO America has leased 26,853 square feet of industrial space in Rancho Dominguez, Calif., for its new headquarters. Following building improvements, NDO plans to move to the location on Dec. 1. About 30 people will be employed at the site. Freight...
|OCTOBER 13, 2011|
- KPI Bridge Oil appoints trader for UK office
Manassakis has more than six years experience in the shipping industry.
- Fujairah prices stable
In Cape Town, deliveries were available for supply up to and including October 27.
- New Zealand port 'not to blame' for Rena response
Tauranga Harbourmaster not responsible.
- Rotterdam bunker prices at their highest in four weeks
Custom workers strike tomorrow in Piraeus.
- 'Final reminder' for IBIA nominations
Nominations from the Americas and Asia Pacific and users and buyers will be would looked on 'particularly favourably'.
- 'Cold ironing' infrastructure for Rotterdam
Pilot project has set up 120 onshore power connections.
- Fuel oil stocks down again
Traders predict stocks will rise before the end of the month.
- Ports in ECAs 'vulnerable' to loss of business
Increased shipping costs could see cargo rerouted to ports outside regulated zone, says UK Chamber of Shipping official.
- Bunker prices largely up at Asian bunker hubs
Some suppliers in Singapore not offering due to limited avails.
- South Korean firms developing LNG bunkering system
Agreement also includes development of an LNG-fueled vessel.
- Dip in Singapore monthly bunker sales volumes
Total of 3.57 million mt sold in September, 6.4% down from August volumes.
- Contracts for first US-flagged LNG-fuelled OSVs signed
Trinity Offshore to build vessels for Harvey Gulf International Marine.
- WWF: Shipping levy an 'innovative' source of finance
Global levy on shipping and aviation under consideration as sources of finance for climate and development.
- Yang Ming ratings downgraded on 'weak market conditions'
Weakening freight rates in Asia-Europe lanes and high bunker costs 'constrain' Yang Ming's profitability, says Taiwan Ratings.
- Slight fall in South China's fuel oil inventories
Volumes to rise in the coming week with post-holiday replenishment cargoes coming in.
- Salvage efforts resume on stricken vessel
Amid concerns that the vessel may break up due to 'substantial structural failure' sustained during bad weather.