|SEPTEMBER 15, 2011|
- TPM says it was misled by buyers of tanker
TANKER Pacific Management (Singapore) Pte Ltd (TPM), which was slapped with a sanction by the US State Department for its role in the sale of a tanker earlier this year, has claimed that it was misled by the buyers of the tanker.
- Shipping firms tap surge in Asia-Africa trade
A record surge in trade between Asia and Africa to as much as US$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG to expand shipping links between the continents.
- Oil tanker waits off Libya for loading instructions
An oil tanker is waiting off Libya for loading instructions, the owner of the vessel said on Tuesday.
|SEPTEMBER 15, 2011|
- Maersk to compensate for late deliveries on new Asia-North Europe service
- Hutchison Port Holdings to build semi-automated box terminal in Barcelona
- Drewry transpacific container spot rates plunge 11pc in less than 7 days
- Retailers roll out their Christmas wares early in the United States
- China's 5-Year Plan promotes Hong Kong as American logistics centre
- Canada's west coast ports struggle, but Prince Rupert box volume up 33pc
- Russia's Global Ports nearly doubles first half profit to US$82.4 billion
- US FMC nears approval on allowing index-linked service contracts
- Moody's retains stable rating for DP World, as pre-tax profit rises 22pc
- Japan's quarterly GDP decline 2.1pc, more than the 1.3pc expected
- LA's Mercury Air Group buys 50pc stake in HK's Trans Asia Charters
- BAA sees more decline in air cargo, slight growth in passengers in 2011
- Air India has no money to pay for 787s it ordered, meeting payroll is Job 1
|SEPTEMBER 15, 2011|
- Goodluck Splicing Works shines in ship chandling
- Gulf oil tanker glut near 11-month high
- MANSA holds 33rd AGM
- Ports & infrastructure conference on September 16, 17
- Industry finds fault with Land Acquisition Bill
- No plans to alter SEZ area limit, 33 denotified: Scindia
- Onion growers block highway against export ban
- Withdraw ban on onion exports, Bhujbal tells PM
- Address of Capt. P. P. Singh, President of MANSA, at 33rd AGM
|SEPTEMBER 14, 2011|
- Bahrain Air to start service to Kathmandu
Bahrain Air, a privately-owned carrier which began operations in 2008, is launching start flights to Kathmandu. The capital of Nepal will be served daily with an Airbus A320 aircra...
- 27 rail projects in the pipeline in Germany
Germany's pro-rail alliance (Allianz pro Schiene) has criticised the German transport minister, Peter Ramsauer, for having signed the funding agreement for just one federal railway...
- Auction date set for sale of shares in Freight One
Shares in Freight One, a subsidiary of Russian Railways, are to be sold on 28 October. The form of the offering will be an open auction. Freight One is the largest operator of rail...
- Sturt Highway rest area at Willowvale now open
A new rest area at Willowvale, Queensland (Australia) has been completed, providing truck drivers on the Sturt highway with a better, safer place to pull over and take a break. Fed...
- Dick Gilhuis CCO of Zeeland Seaports
Zeeland Seaports has appointed Dick Gilhuis as chief commercial officer (CCO) from 1 October 2011. He will report to CEO Hans van der Hart and will form part of the management team...
- Boeing predicts 400 more Chinese full-freighters by 2030
Boeing expects China to need 5,000 new commercial airplanes, worth around USD 600 billion, over the next 20 years. With China's cargo markets leading the global industry, Chinese a...
- Daily Maersk offers complete reliability
Daily Maersk, Maersk Line's new service on the Asia-North Europe trade lane, is set to change the way shipping is done. It offers a daily cut-off at the same time every day, seven ...
- CMA CGM service now calls at Vostochnaya Stevedoring terminal
The Vostochnaya Stevedoring Company, a Global Ports Group enterprise operating in the port of Vostochny, has been added to the port rotation of a CMA CGM international container se...
- Hamburg Süd and GL to develop data management system
Hamburg Süd and the classification society Germanischer Lloyd are jointly developing an innovative data management system for systematically capturing all environmentally-relevant ...
- DSLV criticises Bremen's objections to the long lorry
The Association of German Freight Forwarders and Logistics Operators (DSLV) reacted with disappointment to the decision of Bremen's senate to close two sections covering 20 km of t...
- Tiaca urges EU to postpone emissions trading scheme
The International Air Cargo Association (Tiaca) is urging the European Union to suspend the implementation of its controversial emissions trading scheme for aviation and to pursue ...
- Gazeley buys plot for major project in Hamburg
The global logistics property developer Gazeley has acquired a large plot in Hamburg. About 30 km from the port, up to 70,000 sqm of logistics space can be developed. Gazeley's plo...
- Movianto rolls out international transport service
The German logistics company Movianto, which specialises in pharmaceutical logistics and healthcare services, will offer customers an international support service in future. It wi...
- ISO certificate for Time:matters Netherlands
Time:matters, an expert for highly urgent and complex logistical challenges, is committed to the highest degree of quality and has thus successfully had its Dutch subsidiary certif...
|SEPTEMBER 14, 2011|
- Nova Scotia ship repair yard back in operation
- Marco Polo Marine Batan shipyard books barge order
- Dan Dolson joins Titan Salvage senior management team
- Rolls-Royce wins water jet contract from Cochin Shipyard
|SEPTEMBER 14, 2011|
- Bellingham Port Commission holding work-study session
- Corps taps dredging firm for Quillayute Marina project
- Horizon Lines closes bridge loan facility
- Transportation Services Index remains steady during July
- Panama Canal Authority inks MOU with Port Freeport
|SEPTEMBER 14, 2011|
- Prevention better than cure for pirates
EU Navfor chief: attacks on camps considered at highest military and political levels
- Kirby poised to consolidate US tank barge sector
Kirby's $1bn shopping spree in 2011 unlikely to sate its appetite
- Long-lasting impact of 9/11
While it is understandable that security was tightened after the events of 9/11, must officials really be so unpleasant?
- Seafarers pay the price of increased security
The shipping industry has always been an easy target for those who understand little about its importance and the benefits it brings to global trade
- Taking the shine out of London festival
A mood of austerity prevailed at this year's London Thames Festival
- Slump in ship values causing headaches for owners and lenders
Capesizes and VLCCs badly hit, while 15-year-old vessels plummet to rock bottom
- Lines face limited prospects for recovery in second half
Slow steaming and rise in demand limit scale of losses for first half, avoiding crisis of 2009
- Resignation of ECB chief economist causes havoc for euro
Jürgen Stark was big critic of the bank's purchasing of eurozone government bonds
- Far East-North Europe cheer fizzles out as rates return to loss-making
A slide in spot rates that started last summer has proved unstoppable
- Pick-up in Chinese oil demand spurs expectation of improved VLCC market
Chinese charterers remove spot tonnage as disappointing third-quarter comes to a close
- Charterers unlikely to split cargoes from expensive capesizes to panamax bulk carriers
Panamax brokers unsure why rates are improving as market fundamentals point to a downwards price correction
- Horizon Lines pays off overdue interest
Recapitalisation on track, says embattled Jones Act liner major
- Hanjin Shipping signs two capesizes to 15-year deal
Shipowner will earn $325m for carrying 2.2m tonnes annually of coal for South Korean power company
- Rise in boxship lines' direct deals depresses charter market
Tramp owners are idling tonnage as demand dries up, particularly for panamaxes
- Katia closes Russian ports
Remnants of hurricane wreak havoc in Gulf of Finland
- Lloyd Fonds raising $6.3m for first fully automated lashing platform
Hamburg KG group expects investors in Kalp brainchild to see 264% growth in four years
- US removes Ofer Group from its sanctions list
State Department says the entire Ofer Group was never intended to be a sanctioned entity
- Rand Logistics launches follow-on issue to acquire two bulkers
Great Lakes operator also aims to pay accrued dividend on convertible preferred shares
- ICS tells owners to ignore impending rules on EEDI at their peril
Chamber reiterates its support for IMO in climate change debate
- Container lines urged to be consistent and transparent on pricing strategies
Global Shippers' Forum chief says carriers must ditch 'outdated' baf and caf
- Maersk move to hurt smaller Asia-Europe operators
Yang Ming Marine's future in the Asia Europe trade cast into doubt by Maersk's new strategy, says Citigroup
- IACS reduced in wake of EU probe
Korean Register chairman Oh Kong-gyun says concerns over anti-competition charges have limited class societies' will to co-operate
- Keppel to build world's biggest crane vessel
Nantong shipyard chosen for $115m Asian Lift project
- ICTSI furthers Africa interest but dampens Greece talk
Port operator opens Cape Town office while warning against speculative reports of a bid for two Greek box ports
- Offshore galore
In a season of bleeding red ink in the tanker, container and dry bulk sectors, one maritime industry is producing bumper numbers
- Guns in the balance
Rather than ban security guards' firearms from their ports, countries should await impending recommendations from the IMO
- Unions condemn cuts to MCA and RFA
Government accused of 'gambling with safety at sea'
- Cautious importers drive down Long Beach monthly volume
August throughput under 536,00 teu marks 12.3% fall compared with same month last year
- Enagas and Vopak join forces to buy Mexico LNG terminal
Joint venture pays $408m for Altamira storage and regasification facility
- Swedish desire to retain maritime competence key for future
Demand for experience across all sectors may help stem decline in country's flagged fleet
|SEPTEMBER 14, 2011|
- UK and Philippines back push to defend seafarers
THE UK and Philippines governments today announced support of SaveOurSeafarers, a major campaign against Somali piracy
- MPS unveils breakthrough
BANKRUPT Marco Polo Seatrade today revealed a Royal Bank of Scotland-backed plan that should avert a potentially fatal showdown with senior creditors
- Horizon clears hurdles
NYSE-listed Horizon Lines confirmed today it has closed its $25M bridge loan and paid bond interest that had been due on 15 August
- UK cruise passenger, 90, 'gone overboard'
AN ELDERLY UK cruise ship passenger has been reported as 'gone overboard', the MCA told Fairplay today
- DFDS buys ro-pax operator
DANISH ferry giant DFDS has further expanded its Baltic network with today's acquisition of Estonian operator Baltic Scandinavian Lines
- Woman charged with joyriding ferry
A BRITISH woman has been charge with joyriding a ferry while she was drunk
- Inquiry starts over deadly Volga port fire
AN INQUIRY began today into a Russian fire that killed a crane vessel's crewman at a River Volga port
- US clarifies Ofer sanctions
THE US State Department confirmed to Fairplay today that it has revised - but not dropped - its sanctions against companies tied to the late Sammy Ofer
- Boskalis wins deal to lay Argentina cable
DUTCH dredging and marine engineering company Boskalis said today it has won a €30M ($41M) contract to install a submarine fibre-optic cable across the Strait of Magellan
- Counting the cost of Turkmen gas exports
CENTRAL Asian piped gas exports to China are unlikely to exceed 40Bn m³, even though China is finding piped gas more attractive than LNG shipments, said IHS CERA said today
- Hanjin wins KOSPO contract
HANJIN Shipping today signed a 15-year contract of afreightment with Korea Southern Power
- Dalian's profits dive 13%
CHINA'S northern port of Dalian posted net profits of 338M yuan ($53M), a 13% drop from last year's 388M yuan
- Why low water means high coal prices
COAL PRICES have risen for the third consecutive week, again on higher Chinese electricity demand, IHS McCloskey reported today
- Brazil's Tecon Salvador expansion gains financing
BRAZIL'S Wilson Sons has secured $80M in fresh financing to expand its Tecon Salvador box terminal
- Oz mine strife worsening
AUSTRALIA'S labour strife is now threatening to spread across its mining industry, crippling the drybulk sector, IHS McCloskey warned today
|SEPTEMBER 14, 2011|
- FAA, Highway Extensions Hit New Roadblock
Sen. Tom Coburn blocked attempts to pass legislation extending highway and aviation spending on Wednesday, raising new fears the Federal...
- LA-LB Imports Dive 9.4 Percent
Import volume at the ports of Los Angeles and Long Beach signaled weak demand heading into the peak fall shipping...
- Gartner Scales Back PC Shipment Forecast
The Gartner research group is scaling back its projection for personal computer shipments worldwide this year, saying the economic downturn...
- Port of Mobile Gains MSC Weekly Service
Mediterranean Shipping Co. will begin weekly service at Alabama's Mobile Container Terminal, according to the Mobile Press-Register. Brian Harold,...
- Japan Airlines Cargo Volume Plummets 56.5 Percent
Japan Airlines international cargo volume dropped for the 14th successive month in July on a year-over-year basis, plummeting 56.5 percent...
- All Nippon Airways Cargo Volume Up 2.5 Percent
Japan's All Nippon Airways said this week that its international cargo volume rose for 23 months in a row into...
- Governors Urge New York to Ease Ballast Rules
Governors of three Great Lakes states urged New York Governor Andrew Cuomo to prevent the shutting down of the St....
- Hamburg Sud Builds Pollution Tracking System
Hamburg Sud and classification society Germanischer Lloyd are jointly developing a system to track pollution produced by the German carrier's...
- Teamster's Pope Attacks YRC Board Pay Raise
A Teamster candidate challenging James P. Hoffa took a swing at YRC Worldwide's board of directors this week, attacking increases...
- Political Unrest Pulls Down Syrian Cargo
Shipping volume in containers, general cargoes, and dry and liquid bulk cargoes at the major Syrian ports of Latakia and...
- Ports, Short Lines Nab DOT Rail Relocation Grants
Port and freight rail projects for short lines in Maryland, California, Connecticut and Florida were among eight grant winners for...
- NEMF to Switch Truck Terminals to Solar Power
New England Motor Freight is relying on solar power to reduce energy bills and greenhouse gas emissions at two New...
- Schneider National Starts 'Fracking' Division
Truckload giant Schneider National launched a new division this month to support energy companies extracting oil and natural gas through...
- Frankfurt, Heathrow Cargo Fell in August
Frankfurt airport handled 6.8 percent less freight in August than a year ago in the latest sign of the slowdown...
- DOT Freight Index Flat in July
Shipments carried by the on-hire freight transportation industry were unchanged in July from June, according to the Transportation Department's Freight...
- Video Rant Leads Cops to ILWU Protester
An International Longshore and Warehouse Union member was arrested on felony charges stemming from an ILWU protest at a West...
- APL Sets India-US Peak Surcharge
Singapore-based container carrier APL will apply a peak-season surcharge on cargo shipped from India to the U.S. and Canada. ...
- Idled Railcars Reach Two-Year Low
Owners of railcars across North America pulled 5,539 units of various types out of storage during August, shrinking the idled...
- ABF Freight System Expands In Asia
Trucking company ABF Freight System opened offices in 12 additional Asian nations, expanding its overseas reach from Japan to India....
- Horizon Closes on $25 Million Bridge Loan
Horizon Lines said it closed on a bridge loan of up to $25 million to ensure liquidity while the carrier...
- Retail Sales Flat in August
U.S. retail sales were flat in August, indicating that American consumers are trimming spending just as carriers prepare for what's...
- NTSB Seeks Trucker Cell Phone Ban
Commercial truck drivers should be banned from using cell phones while driving, including hands-free phones, the National Transportation Safety Board...
- LaHood Pledges DOT Backing for Port Upgrades
Transportation Secretary Ray LaHood said the Obama administration is committed to helping U.S. marine ports improve their facilities, especially since...
- AASHTO Chief Calls For Long-Term Infrastructure Plan
Congress, with input from transportation groups, should use the next six months to develop a comprehensive, long-term funding plan to...
|SEPTEMBER 14, 2011|
- More reefer traffic to be containerised
- ESC loses secretary general
- CN and Canadian ports assail proposed FMC inquiry on cargo diversion
- Eimskip on course
- Wen: US and Europe will recover
|SEPTEMBER 14, 2011|
- Aussies hire Hallin unit
Australian agency coughs up $9m to fix Singaporean support vessel as storm season approaches.
- Papp defends foreign flag
US Coast Guard Commandant responds to new report on the Deepwater Horizon disaster.
- Nexen picks Prosafe
Offshore accommodation specialist lines up $74m deal in support of Golden Eagle.
- Pirates storm tankers
Assault on Marflet chemical carrier complicates freshly minted pacts with Anglo-Atlantic and Laurin Maritime.
- Singles for starters
John Fredriksen's Frontline has a further 17 vessels primed for the exit, Arctic says.
- Marco reels in orders
Singapore-listed shipping syndicate bags contracts to construct barges in Batam.
- Sunken ferry to rise
Philippines coast guard says Asia Malaysia will be refloated within a month after going down in July.
- Horizon banks bridge loan
US liner operator crosses off bridge loan and pays up on outstanding interest.
- It is cheaper to pay more
Fighting for lower ransoms has potentially cost shipping over $300m this year, says Ince & Co.
- DFDS extends Baltic reach
Danish ro-ro operator moves eastward through takeover of Estonia-Sweden route.
- Record will be broken
It's only a matter of time before a ship with armed guards on board falls into pirate hands, EU Navfor warns.
- Atlantska still a buy
Austria's Erste Group maintains accumulate rating on Croatian bulker owner, but cuts target price in weaker markets.
- Turkish shipyard move
Istanbul yard to lose deputy managing director of shiprepair and conversion.
- Cruise passenger missing
Other passengers held on Fred Olsen vessel at Southampton as search for elderly man carried out.
- RS starts clean-up
Russian class society meets Greek shipping ministry to sort out false vessel certificate mess.
|SEPTEMBER 14, 2011|
- Corporate appointments
van der Jagt joins Forwarder GroupNicolette van der Jagt, the long-time secretary general of the European Shippers' Council, will become director general of CLECAT, the European association for forwarding, transport, logistics and custom services. ...
- 'Temporary Band-Aid'?
- CSAV drops Marco Polo, joins MSC loop
Liner carrier CSAV will end its Marco Polo service between India, the Middle East and South Africa as it joins a similar Mediterranean Shipping Co. service as a slot buyer, according to American Shipper affiliate ComPair Data. The last voyage of th...
- Shipping executive Balling dies
Balling Niels Kim Balling, 60, a shipping executive and consultant has died. Balling was a managing director at Econships, a management advisory for transport and logistics headquartered in Hong Kong. He had been a managing director at MISC Integra...
- FAA approves Envirotainer unit
The U.S. Federal Aviation Administration has approved certification of Envirotainer's RKN e1 electrical heating and compressor cooling air cargo container. Envirotainer, pioneer of the world's first active temperature-controlled container in 1995,...
- Houston's Ellington field ready to develop
Houston's Ellington Air Cargo Facility, a property adjacent to the Ellington Air Field, is ready for development, said Project Director Mark Briggs. "The Ellington Air Cargo Facility is the first of its kind in Houston," Briggs said. "Not only does...
- Singapore Air adds Asian cargo flights
Singapore Airlines Cargo has added Jakarta to its freighter network and increased its weekly frequencies to Auckland, Shanghai, Sydney and Xiamen. The new weekly Boeing 747-400 freighter service to Jakarta's Soekarno-Hatta International Airport sta...
- Russian Railways offers express trains
Russian Railways subsidiaries RZD Logistics and TransContainer will cooperate in a joint venture to offer shippers express container trains. The express service is being tested on the route between Yekaterinburg and St. Petersburg. Fast container t...
- House passes FAA, highway program extensions
The U.S. House of Representatives Tuesday in two separate votes approved extensions to Federal Aviation Administration and surface transportation programs that were due to expire in the coming days. The FAA bill will keep aviation programs running...
|SEPTEMBER 14, 2011|
- Fujairah prices soft
Shortage of MGO leaves Suez player unable to blend for 180 cSt product.
- Swedish ministers question ECA regulations
'ECAs risk distorting competition and damaging the environment.'
- Prices fall in Rotterdam
Rumours of tight avails 'unfounded' in Rotterdam.
- Japanese bunker sales climb for third month
But sales still down year-on-year.
- Superyachts 'disregard' principles of drag
Vessels consuming up to 30% more fuel then necessary.
- Fears of premature distillate requirement in North American ECA
Lack of LSFO supply and strict interpretation of MARPOL Annex VI could see 2015 fuel standard effectively implemented from the start.
- Bunker prices mostly down mid-week
Mixed demand across key Asian bunkering hubs.
- Vopak, Enagas acquire LNG terminal in Mexico
Vopak owns 60% while Enagas owns 40% of the terminal in Altamira, Mexico.
- Shipping 'caught in between' US politicans and EPA scientists
Impatient politicians 'putting pressure' on government departments, says APL spokesman.
- German companies develop emission management system
GL Emission Manager will be used across Hamburg Sud's fleet.
- Sri Lankan bunker sector to 'benefit' from India's trade growth
India economy will 'propel tremendous growth' in Sri Lanka's bunker market, says Interocean Energy director.
- RBS seeks dismissal of Seaarland bankruptcy case
RBS 'held hostage' by Seaarland group's 'improper use' of chapter 11, it says.
- Indian oil companies seeking a reduction in taxes
Bunker prices 'uncompetitive' in India due to the different taxes imposed on different bunker grades, says director of Valencia Exim.