|JUNE 17, 2011|
- S'pore shipowners ready for ILO seafarer convention
Singapore shipowners welcomed the government's ratification of a proposed Bill of Rights for seafarers, saying that as responsible operators, they are ready to meet their obligations under the convention.'
- Asian container shipping faces headwinds
As latest statistics released from the major economies suggest slowdown in global economy ahead, most research houses have sounded cautious note on Asian container-shipping sector for the second half of this year.
|JUNE 17, 2011|
- MSC sets US$400/FEU Asia-North America peak season surcharge July 15
- NOL to buy ten 14,000 TEU ships, two 9,000 TEUers from Korea
- Hong Kong port up 0.4pc in May to 1.98 million TEU, Singapore up 6pc
- Hanjin and NYK start joint Far East-Middle East service on July 7
- First fall in 11 months for US retail blamed on Japanese disasters
- OECD sees slight slowing of global growth as BRICs slacken pace
- Grand China Shipping adds Busan call to Pacific Express
- Alataw Pass cargo volume increased 3pc in first four months
- Tianjin port's throughput to hit 560 million tonnes by 2015
- New Zealand Lyttelton port quake wrecks previous quake's repair work
- Nhava Sheva's port handles 2pc fewer containers from April to May
- CMA CGM appoints Michel Sirat as chief financial officer
- UK forwarders agree to changes to the European CASS programme
- Antwerp port modernises locks ahead of barge container growth
- BAX Global, Schenker, Panalpina fined US$4.2 million for NZ price fixing
- Qatar Airways chief blasts IATA as being 'of the few, for the few'
- St Louis China air hub complete waste of taxpayer money: consultant
- Paris-based WFS appointed official ground handler at Paris Air Show
|JUNE 17, 2011|
- CMA CGM appoints Michel Sirat as Group Chief Financial Officer
- Tanker freed on payment of second-highest $ 12 million!
- MMTC bids for complex fertilisers
- Orders for export of 3.93 lakh tonnes sugar issued till date
- Adani Group employees turn out in large numbers for MPSEZ's blood donation camps
- Gujarat objects to Port Regulatory Authority Bill
- KPT inks MoU with oil companies for setting up spill response centre at Kandla
- AI signs MoU with Slovenian carrier
- Service tax on rail freight deferred again
- Despite govt data claiming 22.3 pc growth, facts confirm slowdown: Fieo
- RBI raises key interest rates by 25 basis points
- BCHAA completes training programme series for CHA staff
- Bengal Chamber's 'Seminar on East Coast Ports' on July 8
- DAMCO appoints sales agent in Nepal
|JUNE 16, 2011|
- Lufthansa Cargo Charter flies two big generators to Japan on Antonov 124
Last week, an Antonov AN-124 freighter chartered by Lufthansa Cargo Charter GmbH and its customer Agility, left Frankfurt Hahn Airport with a heavy load for one of Japans biggest b...
- First Western carrier returns to Baghdad
On 8 June, Austrian Airlines returned to the Iraqi capital Baghdad after a 21-year absence. This will be Austrian's second destination in Iraq, together with the city of Erbil...
- TransContainer signs agreements with foreign partners
The Russian intermodal container transport provider TransContainer has signed a number of agreements. The pact with Germany's DB Schenker Rail Automotiv foresees the creation of a ...
- Gefco obtains EU Marco Polo grant for Vesoul-Kaluga rail flows
The French Gefco group has announced that its project to implement a rail link between Vesoul (France), and Kaluga (Russia), is to be supported by the European Commission's Marco P...
- Alphabet sets foot in Czechia
Alphabet, an international fleet management and leasing enterprise, is now offering its services in Czechia, in cooperation with UniCredit Fleet Management. Alphabet's portfolio en...
- Severe shortage of drivers
At the German association for automotive logistics' "Verein Automobillogistik im DSLV e.V's" recent annual conference, which was staged in Luxembourg, it was said that a ...
- Serbian Railways now a joint stock company
The Serbian Government has converted Serbian Railways into a joint stock company called Serbian Railways. The entity is 100% state-owned. The railway reorganization will not r...
- Prologis: changes in European management
Now that the merger of AMB Property Corporation and ProLogis has been completed, Peter Schuijlenburg is taking on the role of senior vice-president, regional director Nor...
- Mory fighting off Caravelle's takeover attempt
The French road haulage and logistics group Mory is attempting to ward off a takeover attempt by the Caravelle group, a specialist for the rehabilitation and recovery of businesses...
- VOTG managing director Heike Clausen becomes vice-president of ITCO
Heike Clausen, managing director of VOTG Tanktainer GmbH, a wholly owned subsidiary of the Hamburg wagon hire and rail logistics company VTG Aktiengesellschaft, has been appointed ...
- AF-KLM Cargo adds 5th full freighter flight to Mexico City
Starting today (16 June), Air France-KLM Cargo and Martinair Cargo will operate a fifth full-freighter flight to Mexico City. This service, which is operated with a Boeing B777F on...
- Port of Halifax invests in new super postpanamax container gantries
The port of Halifax (Canada), which is owned by the Macquarie Infrastructure Partners group, and which has the deepest basin on the US east coast, is investing in two new super pos...
- Yangshan investing USD 1.54 billion in new berths
The port of Yangshan (China) is to invest USD 1.54 billion in new berths for large containerships. The port, which is located in Hangzhou Bay, was officially phased in in 2005. Sin...
- Global Ports Group: IPO to generate USD 750 million
The Russian port group Global Ports wants to make USD 750 million with an initial public offering (IPO) in London. If the target is achieved, it will be the largest IPO of any Russ...
- CEE has new member for Afghanistan and Pakistan
Cargo Equipment Experts Ltd (CEE) has a new member for Afghanistan and Pakistan in the shape of Fiza Logistics Pvt Ltd. The latter firm, which operates offices in Kabul, Islamabad ...
- Logwin expands network in South China
The logistics service provider Logwin is opening three new offices in South China this year as part of its expansion plans across the country. A sales office opened in Dongguan in ...
- Quehenberger Logistics: new forwarding terminal in Belgrade
Quehenberger Logistics Serbia opened a new forwarding terminal in the Serbian capital Belgrade at the beginning of June. The terminal, which covers 1,000 sqm in the first phase, ca...
|JUNE 16, 2011|
- Davie Yards poised to receive two ferry orders
- Kirby confirms second quarter earnings guidance
- Wärtsilä "committed and ready" to meet exhaust gas scrubber demand
- Ingalls Shipbuilding awarded construction contract for DDG 113
- Copper-free antifouling receives Navy QPL approval
- OceanSaver introduces next generation BWT system
|JUNE 16, 2011|
- Port Tracker report eyes steady container volume count
- Horizon Lines taps Nikkhoo as Hawaii general manager
- Washington State Ferries honors engine room workers for reliability
- NOL Group places orders for 12 new container ships
- Boeing predicts boom years for airplane manufacturing
|JUNE 16, 2011|
- Shipping companies must use new pool of ratings labour
RMT is hoping there will now be a greater chance of candidates that come through the new scheme finding seagoing employment
- UK recruits will join a 'strong and vibrant' shipping sector
Youngsters who sign up to the MNTB training programmes will be joining a "strong and vibrant" British shipping sector
- British merchant navy in search for more raw recruits
With many young people in need of work, will a recruitment drive by the MNTB provide the solution?
- Long range one tankers post first upturn in three weeks
Brokers question how long rate rises can be sustained before owners with vessels in the west ballast through the Suez Canal
- IEA revises down crude oil trade growth expectations
Crude trade set to increase just 1m barrels per day to reach 35.8m bpd in 2016
- BDI up 19 points as capesize rates climb on all routes
The Baltic dry Index rose 19 points to 1,424 yesterday as capesize rates climbed up across all trading routes
- Crodux unveils plans for Croatian LPG terminal
Energy company plans to develop LPG network
- Torm charters three ships at $16,500 a day
Deal signals further declines for time charter rates
- IEA oil news in brief
Demand versus supply
- At full speed to design more efficient ships
Before the International Maritime Organization rushes into EEDI regulation, it should consider as a first step the mandatory publication of speed-fuel curves
- Shipping industry's tale of two worlds
There are two types of people in our community: those that value the technology and the detail of the huge floating assets, and those that focus on the financial and market aspects
- Dry bulk owners gear up for a rise in grain trades
Smaller bulkers likely to benefit from extra cargoes
- Dalian to build shiprepair yard
Location next to ship recycling facility offers flexibility for 5,000 workers
- Dalian Shipbuilding to build world's largest green recycling yard
Chinese state-owned engineering group expanding business to offer cradle to grave service
- Greek shipowners poised to ride out sovereign debt default
Operators directly involved in carrying cargoes into and out of Greece are most at risk
- Lawsuit aims to shoot down Eagle high-fliers
As company refutes allegations of 'disproportionate rewards' for executives, other shippers could face disgruntled shareholders
- Back to square one
The euphoria of last year's bounce in the container markets and operators' bottom lines has evaporated
- The price of low sulphur
Rising marine fuel prices are adding to the financial pressure ship faced by operators
- German fleet expansion at risk from shipfinance problems
Owners beset by weak KG market and timid banks, says Bremen association chief
- NOL plunges in
NOL's $1.5bn order for 14,000 teu boxships puts it in same league as the other 'big boys', but is it a wise move?
- V.Ships warns of wage pressure risk from larger vessels
Shipmanager outlines need for more seafarers with experience on bigger boxships
- Box prices hit record high
Fear of container shortage has seen utilisation rates hit 99%, says Textainer
- China's irresistible rise
Plan to build the "largest and greenest ship recycling facility in the world" show Chinese determination to move up the value chain
- Seafarers say fear holds them back from seeking legal advice
Survey questions more than 1,000 crew members from 58 nations on ships visiting European ports
- Berlian Laju Tanker losses prove larger than expected
Indonesian company hit by high financing expenses and tepid operating results
- Iran's NITC avoids sanctions by securing hull insurance in Asia
Indian, Chinese and Malaysian companies believed to be the most likely to have taken the business
- Duane Morris & Selvam opens shipping practice in Singapore
Law firm recruits experienced local trio to form maritime team
- GPI aims to raise $572m with IPO
Proceeds from sale of 35.5m GDRs will be invested in Russian ports
|JUNE 16, 2011|
- PDVSA seals Japan deal
VENEZUELA has signed a loan-for-crude exports deal with Japan, adding to the positive tonne-mile effect of its Chinese exports
- US grounding costs tanker
AFRAMAX tanker Ratna Puja has been refloated after grounding in the Mississippi River, which has been affected by silt and shoaling
- Mississippi bulk terminal sold
CANADIAN National Railway has agreed to sell its IC RailMarine Terminal on the Mississippi River west of New Orleans
- Bremen owners rescue Beluga's trainees
BREMEN shipowners teamed up today to save local training programmes threatened by the bankruptcy of the region's largest operator, Beluga Shipping
- Choong: Benin piracy rising
PIRACY monitor Noel Choong has warned that the risk of attack is rising off Benin and other areas of West Africa, IHS Global Insight reported today
- Bunker demand seen rising
DEMAND for bunker fuel in 2010 averaged 4.3M barrels per day, according to the IEA, which described the market as "one of the most opaque"
- Is Panamax demand waning?
BROKERS told Fairplay today concern is rising that Panamax demand is waning, with the BPI's rise slowing
- Hanjin upsizes service to Middle East
HANJIN Shipping of South Korea has decided to use bigger box ships on its route to the Middle East
- China diesel hunger grows
CHINA'S demand for diesel is forecast to jump in 3Q11 as the country's industry increases its reliance on diesel generators
- Platou delays listing
RS PLATOU, Norway's shipbroking and financial services group, has decided to postpone its Oslo listing because of restive equity markets
- Supramax rates buoyed
A BROKER today told Fairplay that higher enquiries are propping up Supramax rates, which have been softening in recent weeks
- Singapore ratifies ILO convention
SINGAPORE has become the first Asian country to ratify the Internatonal Labour Organisation's Maritime Labour Convention
- China Shipping refocuses
CSDC PLANS to refocus on transporting bulk commodities, crude oil and LNG
- Chemical giant's losing streak grows
INDONESIAN chemical tanker operator PT Berlian Laju said last night its net losses for FY2010 amounted to $154
- South Korean bribery scandal erupts
A HYUNDAI HI official told Fairplay today that police are investigating accusations of bribery in South Korea
|JUNE 16, 2011|
- Air Canada Strike Ends
Air Canada and the Canadian Auto Workers reached a tentative agreement Thursday, just hours after the federal government introduced back-to-work...
- Freighter Fleet to Double in 20 Years, Boeing Says
The world fleet of freighters will double from 1,760 to 3,500 aircraft in the next 20 years, Boeing says in...
- Regulators Ease Tough Export Control Rules
The Commerce Department is giving exporters relief from tough export control regulations that many companies have decried as an outdated...
- Steel Exports Fell in April
U.S. steel exports declined 9.3 percent in April from March and 8.8 percent year-to-year, the Commerce Department said. ...
- Retail Group Sees Imports Flat Through July
Imports at the nation's largest container ports are expected to remain flat through July before picking up when the annual...
- Housing Starts Advance in a Weak Market
Construction of homes and apartments increased 3.5 percent in May from the previous month but was down 3.4 percent year-to-year,...
- Doha to Sign Deal for Major Expansion
The Port of Doha, Qatar, plans to award contracts to build the first phase of a new container complex in...
- Truckers Unhappy With Pricing Model, Survey Finds
Less-than-truckload carriers are broadly dissatisfied with LTL pricing models, but not at all optimistic about changing to a new method...
- CN to Sell Louisiana Coal Terminal
Canadian National Railway will sell "substantially all of the assets" of Illinois Central RailMarine Terminal near New Orleans to Raven...
- Hanjin Changes Partners on Asia-Mideast Service
Hanjin Shipping is teaming up with NYK Line to renew its Far East-Middle East Express service starting from early July....
- Diana Containerships Adds Sixth Vessel to Charter Fleet
Vessel operator and owner Diana Containerships on Thursday added a sixth ship to its fleet of containerships for hire. ...
- APL Logistics Rolls Out 53-Foot Containers
APL Logistics, looking for greater efficiency matching international and U.S. domestic transport, will deploy its own fleet of 53-foot containers...
- Russia's Global Ports Readies $572 Million IPO
Global Ports plans to raise up to $572 million from an initial public offering in London that would value Russia's...
|JUNE 16, 2011|
- NOL sets out its ULCS stall
- SeaIntel names and shames environmental performers
- Moody's downgrades global shipping industry
- CMA CGM gets new financial chief
- Hanjin welcomes NYK on Far East/Middle East sling
|JUNE 16, 2011|
- Harpain seals gas fix
German tanker owner poised to pocket nearly $7m from charter extension with Brazilian plastics player, brokers say.
- Eitzen fails port check
USCG finds unsafe levels of combustible gas inside compressor room of Eitzen Ethylene tanker.
- Subsea snack
Oslo-listed owner chows down on $2m chunk of stock after hatching buy-back scheme.
- Torm's trilogy
Jacob Meldgaard holds the helm as Danish owner takes two-week transaction tally to $106m with sale of another products tanker.
- Kirby rests flood fears
New York-listed tug and barge giant trims earnings estimates as mighty Mississippi ravages US.
- NWS sells shipyard
Valeran Properties snaps up controlling stake in Vladimir Lisin-owned Russian shipbuilder.
- Taylor joins Ocean
Ambitious five-year-old London-based tanker player acquires three-year-old boutique sale-and-purchase firm.
- Two-year troubles
DnB NOR's Leif Teksum warns of a tough time ahead for tankers and bulkers.
- Maersk hits, MSC misses
Danish behemoth is greenest, while Gianluigi Aponte's outfit is one off the bottom in environment performance table.
- NYK joins Hanjin
Japanese giant replaces STK and Sinokor to link with South Korean line on trade route "with great potential".
- Blaze strikes pirated ship
Fire forces pirate gang and crew to abandon bulker off the Somali coast.
|JUNE 16, 2011|
- World Airways leases freighter to Saudi Airlines
World Airways, a subsidiary of Global Aviation Holdings Inc., has reached an agreement with Saudi Airlines Cargo to operate a Boeing 747-400 freighter on a full-time basis beginning in June 2011. Under the agreement, World will provide capacity for...
- Rickmers (America) names Nagel chairman
Rickmers-Linie (America) has named President and Chief Executive Jerry Nagel as chairman, the project cargo and heavy lift specialist carriers said Wednesday. Nagel has spent eight years with the line in North America. He'll be replaced as presiden...
- Maersk adds Costa Rica call to Spondylus
Maersk said its weekly Spondylus service will add a call in Moin, Costa Rica, in July. Maersk's sister company APM Terminals was recently awarded a concession to build a large container terminal in Moin. Effective July 1, the new rotation will be ...
- NYK joins Hanjin Far East/Mideast loop
Hanjin Shipping said Thursday it is switching partners on a service it operates linking the Far East and Middle East. Hanjin's FMX service, which was operated with STX PanOcean and Sinokor, will be operated with NYK Line from early July. Hanjin has...
- Index rates container lines environmentally
Maritime consultancy SeaIntel on Thursday published a new index ranking the world's top 20 container lines on their environmental credentials. The Container Carrier Environmental Benchmark found Maersk Line was the most environmentally sound line,...
- Japanese stevedores to buy Westwood Shipping
Weyerhaeuser has agreed to sell its Westwood Shipping Lines subsidiary to J-WesCo, a holding company formed by a consortium of Japanese stevedore companies. In a letter to customers issued over the weekend, Westwood President Guy C. Stephenson said...
- SeaIntel's 'green' methodology
- Asia logistics
Kerry starts work on Xiamen logistics centerKerry Logistics has broken ground on a logistics center in Xiamen, China, the Hong Kong-based company said this week. Hitachi, Kintetsu form Japan joint ventureJapanese logistics company Hitachi Transport...
- Service announcements
NYK joins Hanjin Far East/Mideast loopHanjin Shipping said Thursday it is switching partners on a service it operates linking the Far East and Middle East. Hanjin's FMX service, which was operated with STX PanOcean and Sinokor, will be operated wit...
- N.J. rules favor installation
UPS said it has installed a 250-kilowatt rooftop solar array on its Lakewood, N.J., facility, completing a project that is expected to provide 30 percent of the building's annual energy needs. The company said the installation is the first in a se...
|JUNE 16, 2011|
- Fujairah market falls
Very busy in Suez.
- 'Too soon' to predict impact of North American ECA
Cost of scrubbers 'could be offset by higher fuel prices.'
- Prices fall in key ports
Good demand in Hamburg.
- Bunkerworld price coverage expanded
Recent additions include ports in northern Europe and on Mediterranean's North African shore.
- Fuel oil traders 'may have jumped too fast'
Japanese utilities in 'no rush' to buy new volumes.
- Fuel oil stocks plunge in Singapore
Sharpest fall since early February.
- Released vessel running out of fuel
Indian warship to escort vessel out of danger.
- IFO prices fall in key ports
Players report improved demand.
- Scrubber manufacturer ready to 'ramp up production'
Expecting rapid scrubber market development toward 2015; first commercial order to be delivered in August this year.
- South China weekly fuel oil volume up at terminals
Approximately 1.85 million mt recorded at major oil terminals in South China.
- Titan to double China-based oil storage capacity
Company intends to build additional 3.0 to 3.5 million m' of capacity over next few years.
- US barge operator Q2 earnings hit by Mississippi floods
Kirby's results still 'in the range' of Q2, 2011 earnings guidance, says company chairman and CEO.
- Sinopec Zhoushan expands to offer full product range at Yantai
Secures more storage for bunker business from Yantai-Titan Petrochemical Port Development Company.