|DECEMBER 16, 2011|
- IHC Merwede in talks to buy Asian shipyard
THE world's largest builder of dredging ships, IHC Merwede, is in 'advanced' stages of talks to snap up its first offshore vessel shipyard in Asia by the first half of 2012.
- Europe's shrinking rivers hit firms' bottom line
Germany's driest November has shrunk Europe's rivers, creating month-long delays for oil and ore-carrying barges while uncovering the continent's deadly past.
|DECEMBER 16, 2011|
- Planned Rickmers-Komrowski merger would form Germany's biggest fleet
- Hong Kong down 4.6pc in November to 1.99 million TEU, Singapore up 2.3pc
- China slaps duties on US autos after WTO backs anti-Chinese tyre tax
- MSC plugs gap on S America, Oceania-N America loop as rate pressure rises
- Drewry's most cited in FMC filings of index-linked service contracts
- Shipping escapes CO2 tax in Durban, but IMO to hatch one next year
- APL to levy US$200 per TEU Asia-Europe peak surcharge from Dec 28
- Four carriers cut Asia-Adriatic Express AAX/AM3 service as trade slows
- Emirates Shipping Line lowers Chennai congestion fee under port pressure
- Port of Hamburg welcomes China's 14,000-TEU CSCL Mars on maiden voyage
- Cathay Pacific November cargo off 13.8pc, passengers volume up 4.2pc
- Aviation Partners contests Airbus lawsuit over wingtip patent infringement
- GE Aviation-Snecma sign US$4.7 billion aircraft order for 737 Max jets
|DECEMBER 16, 2011|
- Baltic index up again; Capesize earnings soar
- MOL earns worlds 1st certification for Ship Energy Efficiency Management Plan
- Shipping industry facing uncertain scenario ahead
- Cargo handling infrastructure at Major Ports set to improve
- JN Port is 'Container Handling Port of the Year
- NMPT augments infrastructure, aims for traffic growth
- CONCOR to soon commission perishable cargo facility at Singur
- Govt sets $33 bn textile export target for next fiscal
- Increased capital flows, lower interest rates & commodity prices could stem rupee fall
- Kerala raises bar for coir exports
- Rising import bill pushes car makers to opt for localisation
|DECEMBER 15, 2011|
- Allied Air leases additional MD-11F capacity
The Nigerian all-cargo airline Allied Air has leased additional MD-11F capacity, in conjunction with its worldwide representative ANA Aviation Services, to help cover the increase ...
- New CEO for London City airport
Dublin Airport Authority CEO Declan Collier will become CEO of London City airport in 2012. Collier will simultaneously complete his full term of office as president of ACI Europe,...
- Turkish Airlines to serve third airport in Libya
Turkish Airlines now serves Misurata (Libya) again, making it the third destination in the North African country for the airline. Misurata is a brand new destination for the carrie...
- Airport management system at cruising speed in Fort-de-France
At the request of Port+, the company that commercialised the cargo community system AP+ for the port community of Fort-de-France, Martinique (France), MGI conducted a study of aeri...
- Baltic Port Rail Mukran and DFDS expanding rail ferry traffic
Baltic Port Rail Mukran, a subsidiary of Fährhafen Sassnitz, has concluded a cooperation agreement with the Danish shipping and logistics group DFDS Seaways and Lithuanian railways...
- Canadian Pacific updates fleet to drive reliability and cut costs
Canadian Pacific has announced that 61 new high horse power GE Evolution (EVO) Series AC locomotives have been brought into service and that the railway has initiated a programme t...
- Gefco adding to Indian truck fleet
Gefco plans to expand its truck fleet in India to transport vehicles for the rapidly-expanding automobile sector. The company, which is part of the Peugeot Citroen Group, is likely...
- Yang Ming to order 8,000 teu vessels
Taiwan's Yang Ming Marine Transportation Company has ordered five 8,000 teu container vessels, through its subsidiary All Oceans Transportation. The vessels will be delivered in th...
- MSC starting Oceania-USA service
MSC is set to start a new container liner service connecting Australia/New Zealand with the west coast of the USA at the end of December. The link will be served by seven 2,600 teu...
- Henri Kuitunen appointed CEO of Steveco
Henri Kuitunen has been named as the CEO of Steveco, with effect from 15 January 2012. Kuitunen will join Steveco from Caprus, where he was CEO from 2010. He was previously CEO of ...
- Kögel investing in Burtenbach
The Burtenbach trailer manufacturer Kögel is recording continuous growth and recently welcomed two large European orders. Kögel is prepared for further increases in orders expected...
- CMA CGM to reorganise Asia-North Europe services
Following the initiation of an operational partnership with MSC, CMA CGM is now reorganising its Asia-North Europe (FAL) services from April 2012. After the changes become effectiv...
- Gefco Romania opens logistics platform near Bucharest
Gefco Romania, the national subsidiary of the French logistics provider Gefco, has opened a new logistics centre in the ProLogis commercial park in Joita, near the capital Buchares...
- Tibbett Logistics expanding
Tibbett Logistics, which belongs to the Keswick Enterprises group, recently opened a second terminal for intermodal road/rail transport in greater Bucharest (Romania). The facility...
|DECEMBER 15, 2011|
- New LNG fuelled tanker first for inland waterways
- Panama Canal Authority takes delivery of hopper barges
- Kirby buys Seaboats Inc. tank barge fleet
- Kings Point training ship being transferred to Texas A&M
- Bourbon opens Saint Petersburg based affiliate
- Haifa adds Voith Water Tractor with 70 tons bollard pull
- UK Club checklist addresses tanker cargo shortage claims
|DECEMBER 15, 2011|
- Port of Grays Harbor named top Washington port by WPPA
- Global Port Tracker Report predicts gains in December container traffic
- ATA pleased with proposals in draft transportation bill
- Port of Everett celebrating arrival of Boeing parts shipment
- FedEx Express places order for 27 new 767-300 freighters
|DECEMBER 15, 2011|
- Bigger is better for large boxship owners
Boxship orders remain buoyant as owners seek new economies of scale
- Atlantic product tanker boost ahead of Christmas holiday break
Transatlantic product tanker earnings rise as charterers rush to fix ships
- Dover Harbour Board summit postponed to January
Privatisation talks moved to London
- A year at the top
The Lloyd's List Top 100 reveals dramatic adjustments and more subtle shifts in power
- Don't dismiss the bravery of civilian SAR crews
A third of UK bases deploy non-military search and rescue contractors
- Of owners and octopuses at 'Greek pride' night
Eighth awards ceremony chooses symbolic creature that may also have a parallel within the nation's shippers
- Three heavyweight fights over charter purses
A trio of recent payment wrangles have kept owners guessing
- 'Strategic partnership' wil shake off recent fumbles
Bilateral romance between Greece and China will probably overcome this year's issues
- More charter skirmishes to be outed
While dry bulk charter hire disputes have threatened to sour relations between owners and charterers, a damage assessment may have to wait until the market recovers
- Japan asks other flags to expel activist group vessels
Action demanded against Sea Shepherd anti-whaling campaign
- Industry puzzled as Australia imports LNG from West Africa
Cargo is at odds with nation's role as major producer and exporter of the fuel
- What lies beneath
Why following the development of subsea activity points the way forward offshore
- Remotely operated vehicles take drilling to new depths
New demand as oil and gas firms dig deep
- Barge and terminal services firm United Maritime seeks buyer
US firm sold to current owners in 2007
- HPH hits back at Dutch minister in row over Maasvlakte move
Rotterdam is forcing us to compete against shipping lines, claims Hong Kong port chief
- Wightlink faces Christmas Eve and Boxing Day strikes
RMT targets ferry operator over victimisation claim
- Supramax owners show resistance to extremely low rates in the Pacific
Charterers having to pay up again
- Ocean Rig agrees four-month novation for Vanco contract
George Economou hails a 'win-win' move
- Dr Peters KG fund battle goes on
Two aframax tankers face auction as bid to revive fund continues
- China shipping: 2012 and beyond
A preview of the new Lloyd's List data report analysing China's commercial maritime outlook
- Indian shipping line 'crisis' denied
SOS for SCI? Not so, says shipping minister, though he admits profitability has been hit
- Better than nothing
Tonnage tax may be low compared with corporation tax, but it still has its benefits
- Teekay in Xcite shuttle tanker deal
Equipment supports Bentley field programme
- Asenav wins offshore order from Maersk Supply Service
Chile yard to build two $200m vessels, with option for up to four more
- EXCLUSIVE: The 100 most influential people in shipping revealed
Maersk's dynamic duo Nils Andersen and Eivind Kolding top the list
- Piracy and robbery declines in Asia
Singapore group ReCAAP reports 10 attacks or attempts in November
- Two deals signal resilience of South Korea's mid-size yards
Orders from Iraq and Belgium show that the country is still a contender
- Fire on Russian nuclear icebreaker kills two
Radiation leak avoided and reactor unaffected, says Emergency Situations Ministry
- Sembcorp Marine secures $292m Prosafe order
Semi-submersible rig to house 450 offshore workers
- UK tonnage tax averages less than 2%, KPMG calculates
Zero options available with flags of convenience
|DECEMBER 15, 2011|
- New Iran sanctions advance
LAWMAKERS have passed a US sanctions bill to bar vessels that had recently visited Iran, North Korea and Syria from entering US ports for six months
- Brazil seeks spill penalties
FEDERAL prosecutors in Brazil will today file suit against Chevron and Transocean, seeking $10.6Bn in penalties for November's offshore spill
- Investors fleeing DHT
NYSE-listed shares of tanker owner DHT are foundering, with its largest independent investor - hedge fund MMI Investments - rapidly selling its stake
- China imposes new duties on US vehicles
CHINA today imposed new tariffs on certain vehicles transported by car carriers from the US, IHS Global Insight reported
- OPEC's new output seen matching demand
OPEC's new output ceiling of 30M barrels per day for 1H2012 is close to anticipated demand, according to IHS CERA
- Reefed reefer costs owner
A REEFER ship stuck on Maldives reef since mid-November could be costing its owner $46,000 a day until it can be salvaged
- Icebreaker fire kills two
A RUSSIAN nuclear-powered icebreaker caught fire today, killing two crewmen, reports from emergency crews indicated
- BW snaps up 4 LR1 tankers
BROKERS told Fairplay today that Norway's BW Group has acquired four long-range 1 tankers en bloc for $145M
- VLCCs feel mild winter
VLCC RATES have tumbled because this winter has been more mild than expected, brokers said today
- Novorossiysk Commercial throughput rises
NOVEMBER throughput jumped 20% year on year for Novorossiysk Commercial Seaport Co.
- Oz port workers return
WORKERS employed by stevedoring company POAGS at Fremantle and Bunbury returned to work today, with promise of continued talks
|DECEMBER 15, 2011|
- Three More Charged With Extorting ILA Members
Three additional defendants and dozens of counts were added to a federal racketeering indictment accusing mob figures and ex-International Longshoremen's...
- YRC Sells Truckload Operator to Celadon
Less-than-truckload giant YRC Worldwide is getting out of the truckload business, selling most of the assets of unprofitable truckload subsidiary...
- MSC Knocks Maersk Out as Top Carrier Serving US
Mediterranean Shipping Co. knocked Maersk Line off as the top container line serving the U.S. in the first nine months...
- New York-New Jersey Imports Fall 3.7 Percent
Container imports at the Port of New York and New Jersey fell 3.7 percent in October to the lowest level...
- Shipper, Trucking Groups Plan Washington 'Fly-In'
Nearly a dozen shipper and trucking organizations are planning a one-day blitz on Capitol Hill Feb. 1 to voice opposition...
- ILA, Yang Ming Approve Stowage Planners' Contract
International Longshoremen's Association Local 1964 and Yang Ming (America) have agreed on a three-year contract covering the carrier's two New...
- LA Exports Rose 15 Percent in November
A 15 percent increase in exports in November over November 2010 assured the Port of Los Angeles that it will...
- Road, Bridge Projects Dominate DOT TIGER Grants
Road and bridge projects received nearly half of the $511 million awarded through the Department of Transportation's third round of...
- FedEx Freight Reports $40 Million Profit
FedEx Freight, the nation's largest less-than-truckload carrier, rolled farther into the black in its most recent quarter, reporting $40 million...
- Maersk Ends Sydney Congestion Fee
Maersk Line suspended its congestion surcharge of $100 per 20-foot container imposed earlier on shipments to and from Sydney, Australia....
- Industrial Production Slipped 0.2 Percent in November
U.S. industrial production declined 0.2 percent in November, the first drop in seven months, the Federal Reserve said, indicating a...
- FedEx Profit Jumps 76 Percent to $497 Million
FedEx profit soared on higher pricing and fuel surcharges despite declining shipment volume at its air package and industrial freight...
- India's Cochin Gains Second Direct Container Service
MOL is adding a call at the Vallarpadam International Container Transshipment Terminal in India's Port of Cochin, bringing the number...
- North China Port Traffic Grows as Production Shifts
The migration of manufacturing in China inland and north to avoid higher labor costs in the south is now being...
- NRF Raises Retail Sales Forecast to 3.8 Percent Growth
Citing a strong Black Friday weekend, the National Retail Federation said it now expects holiday sales to rise 3.8 percent...
- Asia-Europe Spot Rate Slides 2.1 Percent
Asia-Europe spot rates fell 2.1 percent this week in a continuing downward spiral that has seen freight rates decline by...
- Army Corps Say Charleston Deepening Unlikely for Years
Deepening the channel into the Port of Charleston's harbor to 50 feet is unlikely to be finished before 2024, the...
- Cathay Pacific Cargo Traffic Falls 13.8 Percent
Cargo transported by Hong Kong-based Cathay Pacific and sister carrier Dragonair in November dropped 13.8 percent year-over-year, falling for the...
- Maersk Adds Three European Ports to Daily Maersk
Maersk Line will add three European ports its Daily Maersk "conveyor belt" service between Asia and Europe, seeking to counter...
- Senate Panel Approves Multimodal, Truck Safety Bills
A Senate committee approved measures on Wednesday that would establish a multimodal freight program, mandate electronic onboard recorders on all...
|DECEMBER 15, 2011|
- Wan Hai welcomes two out of 14 planned newbuilds
Taiwan ocean carrier Wan Hai Lines has christened two new 1,805TEU vessels - part of a total order of 14 container ships which will all be delivered within the ...
- Zuma calls for progress on intra-Africa trade
South Africa's president Jacob Zuma is the latest senior politician in sub-Saharan Africa to call for further promotion and investment in the intra-Africa trade. ...
- NRF: transpac cargo to increase for year end as GFI suggests a drop
Import cargo volume at the nation's major retail container ports should be up 0.3% in December compared with the same month last year as retailers head to the finish ...
- Carriers schedule reliability again in the spotlight
Ocean carriers' overall schedule reliability slipped from 64% in October to 63% in November according to SeaIntel Maritime Analysis' latest monthly report. Although ...
- South Africa trade sentiment slightly up in November
The latest trade survey published by the South Africa Chamber of Commerce and Industry (SACCI) covering the month of November showed a slight improvement on the ...
- Rena: fears ship may finally break up
- IEA slashes oil demand growth
A backdrop of a worsening economic outlook for next year has prompted the International Energy Agency [IEA] to cut its oil demand growth forecast for 2012 by more ...
- Liners to run on algae power?
With the race to find cheaper sustainable fuel well and truly on, Maersk's US-flagged subsidiary Maersk Line Ltd, in association with the US Navy, is trialling ...
- China: global economy 'grim and complicated'
Beijing policy makers meeting for their annual economic conference have described the outlook for the year ahead as 'extremely grim' but pledged to boost imports ...
|DECEMBER 15, 2011|
- Excel seals charters
New York-listed bulker owner secures period contracts for two kamsarmaxes and a cape.
- Bocimar mum on axed cover
Radio silence as Belgian bulker owner prepares to bank $120m after torpedoing charterers' default insurance.
- Eitzen arms fill CFO slots
Norwegian shipping clan swaps finance chiefs while poaching talent from Carnegie as Andreas Reklev takes tanker title.
- Winland talks up Sojitz COA
Penny stock closes in on another day of double-digit gains as OTC-quoted bulker owner unveils Japanese trade pact.
- ORIG drillship moves on
George Economou-led rig owner bags an unexpected bonus for a drillship in West Africa.
- Hong Kong holds two
MSC boxship on November port state detention list due to oily water in the engine room.
- Prospector delays rigs
Oslo-listed drilling company pushes back exercise dates for two options at a Chinese yard into next year.
- Platou spots second dry tonic
IEA coal figures offer further hope in battle against oversupply, says RS Platou Markets.
- Holmark quits Torm
Finance executive exits Danish owner to take CFO's seat at compatriot Herning Shipping.
- EOC wins North Sea study
Oslo-listed offshore company gets engineering contract for a new floater.
|DECEMBER 15, 2011|
- Supply company 'invests in advanced procurement technology'
Wrist Ship Supply says German customer base has significantly expanded.
- Middle East markets avoid deep falls
MGO prices climb in Fujairah.
- Rotterdam bunker prices see sharp falls
European markets falling as crude oil dips.
- 'First commercial' scrubber system delivered
Hamworthy Krystallon calls it a 'landmark moment' for scrubbing technology and shipping industry.
- 'Huge growth' predicted for LNG as marine fuel
Report suggests 10,000 vessels running on LNG by 2020.
- New legal status for Russian bunker association
Rosmorrechbunker has become 'a self-regulatory organisation'.
- Terminal operator eyes 'significant growth'
'Outstanding success in profit and cash' from acquisition of Petroval Bunker International.
- Bunker prices falling in Asian hubs
Demand generally average.
- Maersk orders 'low energy consumption' vessels
Vessels to set 'new standard' for emission levels in the offshore industry, says CEO of Maersk Supply Service.
- Singapore onshore fuel stocks down
Firm regional demand also sees middle distillates stocks fall to a 43-month low.
- Belgian shipping firm expands fleet with 'eco' bulkers
Design offers 30% fuel saving compared to previous generation vessels, says CMB.
- South China fuel oil volumes continue decline
Chimbusco to deliver bonded bunker cargo to an oil terminal in the region in late December.
- NOL to post wider Q4 losses, says analyst
Depressed rates 'fail' to cover bunker, basic operating costs, says Maybank's Kim Eng Research.
- Bunker supplies tightening across South Korean ports
Hyundai Oilbank halts bunker offers to spot market.