|JUNE 16, 2011|
- Singapore is first in Asia to ratify ILO seafarer rights
SINGAPORE has ratified what will become the first international Bill of Rights for seafarers. It is the first in Asia to commit to the provisions of the Maritime Labour Convention, 2006, which sets out minimum standards and fair working conditions for seafarers worldwide.
- China warships in the Pacific riling neighbours
The photographs of Chinese warships speeding between Japanese islands in the Pacific for drills circulated quickly last week, raising what Japan's defence minister called 'serious concern'.
- Baltic index hits 3-week low on slow China demand
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in three weeks on Tuesday as slower iron ore sales to China and fleet growth hit sentiment. Brokers said cargo volume was being driven by the smaller panamax bulkers especially on thermal coal trades to Asia. The overall index fell 0.85 per cent or 12 points to 1,400 points, down for a seventh straight day.
|JUNE 16, 2011|
- American exports increase 1.3pc in April as imports decline 0.4pc
- Cosco's first Chinese-designed and built ro-ro car carrier sets sail
- Troubled Horizon Lines stretches out its refinancing deadline
- Somali pirates take in second-highest ransom ever - US$12 million
- Private equity enters shipping as bank financing dries up
- Alataw Pass cargo volume ranks first in China for first four months
- LA-Long Beach officers swoop on fake designer clothing from China
- Maersk: Multi-year contracts to trickle down from big to small
- California environmentalists demand ships slow to 10 knots to save whales
- Britain to upgrade Salford Port and revive old Manchester Ship Canal
- Technology drives advances in containerising grain in California
- Hong Kong Airlines challenges Cathay with Airbus A380 order at Paris Show
- Qantas services to and from Perth and New Zealand remain suspended
- Air Canada strike affects sales and service agents, but planes will fly
- Hong Kong airport's AAT May air cargo falls 7pc to 59,633 tonnes
- Tianjin airport Phase 2 expansion project wins NDRC approval
- TNT Express flies freighter service between India and Europe
|JUNE 16, 2011|
- Coastal states asked to expedite setting up maritime boards
- India a key market for NSCSA , says CEO Saleh Al-Jasser
- SCI announces rate restoration on ISE service
- Shipping Minister flags off Tuticorin-Colombo passenger ferry service
- Anand Sharma pushes for lowering tariff of sensitive items in SAFTA
- Govt may impose import duty on sugar in a week
- India seeks PTAs with countries in Latin America, Caribbean
- Ramesh clears environment study terms for Vizhinjam port
- Satellite port for Vizag, new Major Port on Andhra coast in offing: Vasan
- Good rains can help ease inflation by Oct-end: Rangarajan
|JUNE 15, 2011|
- IRU Academy focuses on safe loading and cargo securing
The IRU Academy has launched a new training programme featuring a unique, interactive simulator for safe loading and cargo securing that fully complies with the new European Commit...
- Fewer fatalities on Turkish roads
Turkey has reported that the number of people dying in road accidents sank from 5,000 to 3,000 in the last three years. The country's ministry of transport said that the intro...
- Growing demand drives Volvo to begin assembling I-shift transmissions in USA
Volvo Trucks is to invest USD 7 million to bring assembly of its innovative I-shift automated manual transmission to the Hagerstown MD powertrain plant, in order to meet growing de...
- Finnair Cargo: more freighter capacity to Shanghai and New York
Starting today (15 June), Finnair Cargo is continuing its growth by launching MD11F all cargo flights to Shanghai in co-operation with World Airways Inc. and adding frequencies to ...
- China Airlines Cargo amending services
China Airlines Cargo has launched a new eastbound service connecting Osaka (Japan) and Atlanta GA (USA). The Taiwanese carrier has also started a new westbound service between New ...
- Two new contracts for WFS in Miami
TAP Portugal and US Airways have awarded new cargo handling contracts to Worldwide Flight Services (WFS) in Miami FL (USA). WFS will provide cargo warehousing and customer service ...
- ICL - Independent Container Lines augments capacity
Independent Container Lines (ICL), an independent shipping company that is active on the north Europe-US east coast trade lanes, is expanding its containership capacities. Its curr...
- Coscol to turn Antwerp into a hub
Coscol, a subsidiary of the state-owned Chinese shipping group Cosco, will use the Belgian port of Antwerp as a hub from 2012. Coscol is responsible for the transport of breakbulk....
- OeBB and timber industry want to keep hauling wood by rail
Enormous amounts of timber are transported by rail in Austria, despite the fact that most of the transport services do not cover costs. To counter this, the OeBB and Austria's timb...
- Partial privatization planned for Spanish freight
The board of the Spanish state operator Renfe has approved a restructuring programme for its freight and logistics business that would see the private sector offered up an up ...
- CSX recognized by Maryland Green Registry for environmental stewardship
The US rail service provider CSX Corporation has received the Maryland Green Registry's 2011 Leadership Award for its commitment to improvements and achievements in environmen...
- CMA CGM Group appoints new vice-president marketing and commercial global accounts
CMA CGM, a France-based shipping group, chose Philly Teixeira to be the group's vice-president marketing and commercial global accounts, effective 6 June. With a degree in politica...
- Varamar takes over commerical management of "Thor Venture" 15. Juni 2011
The shipowner K/S Dania Venture and its Danish Bank have decided to change the commercial management of their ship the "Thor Venture". It is being transferred to Ukrainia...
- New WWPC member for Czechia and Slovakia
LS International Cargo GmbH organizacni slozka Melnik, based in Czechia, has been appointed as the WWPC exclusive member in that country and in Slovakia, with immediate effect. The...
- Kuehne + Nagel renews contract with Cameron for global logistics business
Kuehne + Nagel has been re-awarded Cameron's global business, which includes handling the latter company's air logistics, sea logistics, as well as road and rail services for the n...
- Wincanton says fiscal 2010 was problematic
Wincanton, an international logistics and transport service provider based in Great Britain, had difficulties in fiscal 2010. In business year 2010/2011 that ended on 31 March 2011...
|JUNE 15, 2011|
- Knud E. Hansen books Canada ferry design order
- NOL plans $1.54 billion box ship splurge
- Graig to manage Chinese-owned bulk carrier
- BMT Nigel Gee develops new wind farm vessel technologies
- ST Marine books AHTS order from Swire Pacific
|JUNE 15, 2011|
- Port of Vancouver, USA inks lease with Sapa Extrusions
- Port of Portland office building receives LEED environmental nod
- Crowley vessels take home Coast Guard rescue honor
- Pacific Northwest ports gaining ground on emissions
- Trucking association hires Decker as legislative affairs vice president
|JUNE 15, 2011|
- Owners eye brighter future as VLCC rate rises expected
A healthier vessel supply picture in the Middle East Gulf adds to rate rise forecast
- Vietnam eyes ambitious coal import plans
But Vietnam's coal import target of 100m tonnes requires hefty infrastructure invsetment
- China's construction sector drives record steel volumes
Iron ore imports for China's steel industry will help supprt dry bulk carriers
- Boxship blues as charter market dives
Amid less chartering, the Shanghai Containerised Freight Index went down for another week
- Asia-Middle East box trades outgrow transatlantic sector
Transatlantic trades have not experienced a similar recovery to that on the transpacific and Asia-Europe routes
- Brussels to study passengership terrorist threat
Security is big issue as cruise operators forecast to invest €10.8bn on 23 newbuildings over four years
- Call for port guidelines over armed security on vessels
PVI boss demands action as employees charged with espionage are released after six months in Eritrea
- London Greeks say government's handling has left flag close to paralysis
Ministry overhaul blamed for low morale among Greek coast guard officers
- 'Poor image' of recycling yards in Indian sub-continent slammed
Working conditions have improved to include protective clothing and ISO certification, conference told
- NOL finally joins the big ships club with 14,000 teu newbuildings
Updated: Letters of intent signed with South Korean yards for 12 vessels at around $1.5bn
- Peak season surcharge bid renewed
Move aims to reverse declining revenues on transpacific eastbound sailings
- Portek mystery bidder ordered to make its intentions clear
Singapore's Securities Industry Council warns of 50-day deadline
- UK coastguards to go on strike
MCA workers also expected to join one-day action by public sector employees over pensions
- Asian shipowners push yards for more efficient ships
Progress appears slow, but rising bunker prices are focusing minds on saving fuel
- Dry bulk companies face battle for survival
Moody's downgrade warns that overcapacity will cause industry conditions to deteriorate over next 12-18 months
- LA confident as box volumes edge up
Fall in empty containers helps nudge May volumes up to 692,900 teu
- Doha Port expansion plan attracts bids for second tenders
Nine companies through to next stage in battle for Qatar's 2m teu capacity site
- India to open up terminal concessions to major bulk cargo owners
Shipping and ports industry invited to comment on ministry's draft proposals
- Binning the Basel ban
Move to drop the existing ship scrapping rules is a blow for common sense from the EU
- Stolt-Nielsen takes 70% stake in Marstel Terminals
Expansion planned after deal secures bulk liquid storage capacity in Australia and New Zealand
- Fazel Fazelbhoy exits Topaz as Renaissance boss steps in
Quiet departure follows pulling of $500m IPO in March
- Mitsui OSK to raise $372m in bond issue
Shipping line goes to market for first time in 18 months to roll over some existing debt
- Container shipping outlook remains gloomy
Asia-Europe trade deeply in the red and transpacific is at breakeven at best
- Excel inks two-year charters for kamsarmax pair
Deal with 'credible counterparties' lifts fleet coverage to 74% for 2011
- Graig to manage first Chinese vessel
Contract for Zhong An's bulker King Peace seen as important move for shipmanager
- Modernisation long overdue
Electronic bills of lading have been on the cards for many years; now it's time for them to be implemented
|JUNE 15, 2011|
- Moody's sours on shipping
RATING agency Moody's today graded down its shipping outlook from stable to negative, predicting "deteriorating conditions" in the next 12-18 months
- Strikers close Greek ports
STRIKERS closed Greek ports today, with dockworkers and passenger ship crews participating in a nationwide general strike to protest the government's austerity moves
- Suit targets Eagle Bulk
EAGLE Bulk today responded to a shareholder suit alleging that CEO Sophocles Zoullas and other executives enriched themselves at investor expense
- Stowaways found hiding at UK port
UK BORDER Agency officers have discovered nine stowaways hidden in a van that arrived on a P&O ferry at Hull after travelling from the Netherlands
- LA box exports jump
BOX EXPORTS through Los Angeles increased by 14.7% year on year in May as demand from Asia remained strong
- EC mulls HK recycling rules
THE EC plans to adopt new ship recycling legislation before the end of the year that is likely to be based on the Hong Kong Convention
- Nuclear port row erupts
NUCLEAR materials and dangerous chemicals are reportedly being transported through Rostock without the German Baltic port's officials being informed
- Stolt-Nielsen buys Oz, NZ terminal stake
OSLO-listed Stolt-Nielsen has agreed to acquire a 70% stake in Marstel Terminals, which owns nine bulk-liquid storage facilities in Australia and New Zealand
- Capesize rates plunge
BROKERS told Fairplay Capesize rates are expected to remain soft, as rates in the Atlantic have plunged to about $6,000 per day today, from almost $9,000 per day in May
- Rio Tinto hastens Oz expansion
RIO TINTO announced today that it has approved $676M in spending to speed up port and rail development for its Pilbara expansion programme
- Novorossiysk volumes drop
RUSSIA'S Novorossiysk port exported 47% less timber year on year last month, while crude shipments dropped by 3% year on year
- Honourable intentions, Portek suitor?
SINGAPORE'S office for mergers and takeovers today intervened in the continuing tussle for port operator Portek
- Axed order sparks legal skirmish
FRENCH carrier LDA's attorneys are seeking S$4.8M ($3.9M) in compensation from Singapore shipbuilder ST Marine over a cancelled ro-pax order
|JUNE 15, 2011|
- Transnet to build 'new Durban'
- New rail service for UK
- German warship takes fight to pirates
- CSAV's rates continue slide
- LA/LB's volumes up - but growth rate slows
|JUNE 15, 2011|
- Industry on trial?
Shipping financier says investor lawsuit against Eagle Bulk has set the stage for class action chaos.
- RS Platou ices IPO
Top brass at Peter Anker-led firm pulls the plug on $60m listing after sealing regulatory stamp just hours ago.
- IPOs put to the test
Investors eye capital market buffet as RS Platou, Hoegh LNG and Asia Offshore close in on Oslo listings.
- Eagle under attack
Sophocles Zoullas and nine Eagle Bulk directors land in the crosshairs of lawsuit alleging excessive pay and conflicts of interest.
- ST Marine gets AHTS four
Singapore-listed shipbuilder chalks up an order worth nearly $180m from Swire Pacific Offshore.
- CSDC named heir
Shanghai-listed unit of Chinese giant will take over all its tankers and bulkers to avoid "competition."
- California dreamin'
Plans for a 200 VLCCs-a-year facility have shipping pundits scratching heads and wondering whether it might really happen in greenest and wackiest place on Earth.
- Ro-ro rewards for Hainan
Chinese shipowner says 2010 net earnings rose 37% as revenue increased.
- Sirat in at CMA CGM
Former Suez Energy boss is the new group finance chief at French container line.
- NOL bags boxship haul
Singapore-based containership giant kickstarts its 2011 newbuildings programme with $1.5bn swoop for 12 vessels.
- Subsea scoops DONG deal
Oslo-listed offshore shipowner's vessels will help support Siri platform for Danish energy company.
- DM&S hires big-name trio
Singaporean law firm grabs three top names, including Colin Jarraw, from rival firms to head new shipping arm.
- India left redfaced
Embarrassment as Pakistani comes to Indian aid while navy fails to thwart second pirate attack.
|JUNE 15, 2011|
- More ships called U.S. ports in 2010
A U.S. Maritime Administration report released Tuesday showed a 13 percent increase in oceangoing ship calls at U.S. ports in 2010. Vessel Calls Snapshot, 2010 showed 7,579 oceangoing ships made 62,747 calls at U.S. ports in 2010. That reverses a ...
- U.S. volume, consumer sales up in May
Container volume at the Southern California ports rose moderately in May, though imports were stronger than overall volume. Imports rose 5.5 percent to 360,969 TEUs at the Port of Los Angeles, and improved 4 percent to 275,100 TEUs, at the Port of...
- China seeks increase in U.S. NVO bond
China wants to increase the amount of the bond that U.S. non-vessel-operating common carriers must post when doing business in that country. Taking up an issue raised during bilateral talks with the United States last fall, China is proposing the ...
- Fake clubs leave golfers in rough, CBP warns
Some amateur golfers are failing to make par when it comes to buying legitimate equipment made overseas. U.S. Customs and Border Protection said Tuesday that seizures of counterfeit golf equipment from China, much of it purchased over the Internet...
- NYK creates China auto logistics unit
Japanese ocean carrier NYK said Wednesday it has established a wholly owned subsidiary, NYK Automotive Logistics (China), in Tianjin to strengthen the company's finished-car logistics business in China. NYK started its finished-car logistics busin...
- Sirat joins CMA CGM as CFO
French liner carrier CMA CGM said Wednesday it has named Michael Sirat as group chief financial officer. Sirat has joined from Suez Energy, where he was group senior vice president of finance, tax and treasury. He also spent 11 years at the French ...
- MSC plans peak season surcharge from Asia
Mediterranean Shipping Co. said it will implement a peak season surcharge on cargo moving from the Far East-Asia to the United States and Canada, effective July 15. The increase will apply to cargo moving through ports on either the East or West c...
- NOL goes big with 14,000-TEU ship order
NOL, the Singapore-based parent company of container APL, said Wednesday it has signed letters of intent with two South Korean shipyards to build 12 vessels worth $1.5 billion. The order includes a 10-vessel series from Hyundai Samho Heavy Industr...
- Ports America, MSC to expand Newark terminal
The Port Authority of New York and New Jersey board approved plans Tuesday to expand the Port Newark Container Terminal (PNCT) to 287 acres from 180. The agency said the expansion will create a modern terminal, improve traffic flow in the port, an...
- Trending upward
U.S. volume, consumer sales up in May Container volume at the Southern California ports rose moderately in May, though imports were stronger than overall volume. Imports rose 5.5 percent to 360,969 TEUs at the Port of Los Angeles, and improved 4 pe...
|JUNE 15, 2011|
- IFO prices fall in Fujairah
Deliveries available for supply between June 17-25.
- Rotterdam market mixed; More strikes in Piraeus
Workers at Hellenic Petroleum's three refineries have joined the strike.
- Northwest Ports make progress on clean air target
In 2010, 56% of ships calling frequently at Seattle used low-sulphur fuel.
- NOL newbuilds will replace less fuel-efficient ships
14,000 TEU ships will be largest in company's fleet.
- Bunker fuel to be pumped from capsized vessel
Investigations into cause of accident are continuing.
- Bunker surcharges: Shippers have 'no idea' how some are calculated
'Not clear' if bunker surcharges are 'truly reflective' of costs.
- LNG bunkering terminals 'very easy to realise'
LNG can be supplied directly from semi trailers or tank containers, says CEO of Liquiline.
- Asian IFO prices falling mid-week
Prices for distillates generally up in key Asian ports on Wednesday.
- Call for LNG bunkering connector standard
Standard for connectors will make LNG bunkering 'much easier.'
- Sinopec Zhoushan May bunker sales hit 200,000 mt
Bonded bunker sales in May increase 33% from April's volumes.
- South China fuel oil imports expected to rise in June
In line with recovering demand for bunker fuels in Hong Kong.