|APRIL 18, 2011|
- Talks on piracy begin amid record attacks
Shipping industry leaders, foreign ministers and independent experts meet in Dubai today for talks on maritime piracy, as attacks hit record numbers despite international naval efforts.
- Nato mulls secure shipping lane to Libya
NATO is considering creating a sea corridor backed by naval vessels to enable merchant ships to boost trade with Libyan rebels and speed up humanitarian aid.
|APRIL 18, 2011|
- HK port up 3.1pc in March to 2 million TEU, Singapore up 3.9pc
- LA up 10.2pc, Long Beach down 7.5pc, net gain of 2.5pc results
- Grand China Shipping's new transpac loop evokes late TCC service
- Hutchison silent on pulling out of Galveston port take-over deal
- Global piracy hit all-time high in first quarter
- OOCL scans ships, exports, crew leaving Japan for radiation
- Beijing to spend US$30.6 billion on China-wide river transport over 5 years
- China to overtake US by 2030, predicts PriceWaterhouseCooper
- Guangxi starts company to link Xijaing River to the Pearl
- Singapore's MPA and PSA launch US$16 million port R&D scheme
- WTSA carriers publish service contract checklist for shippers
- Swire Shipping starts South East Asia-Port Moresby Service
- Hamburg HHLA terminal orders 14 straddle carriers from Cargotec
- Qantas sounds all clear, resumes Sydney-Tokyo flights
- Hong Kong's No 2 ground handler, AAT, ups tonnage 12pc in March
- Shenzhen's Jade Cargo appoints Globe Air Cargo in Vietnam
- Air cargo delays at Delhi slow down airlift of exports
|APRIL 18, 2011|
- Global container shipping mkt to bounce back in Q3: Experts
- MoS plans to acquire emergency towing vessels before monsoon
- SCI contracts to purchase two resale Supramax bulk carriers
- Ship with Indian seafarers released after seven months in pirate custody
- India, EU inching towards free trade pact finalisation
- Seafood exports likely to touch $ 2.7 bn
- ICTSI, LTSB ink port deal in Tamil Nadu
- MPSEZ celebrates Fire Service Week with vigour
- New Mangalore Port hosts 3 cruise vessels in just two weeks of new fiscal
- Resumption of iron ore exports to boost Railways' earnings
- Rlys loads 921.51 mt of freight, narrowly misses target
- SER earnings rise by Rs 1,300 cr.
- Govt mulling 45 pc cut in sugar import duty
- India considering bilateral service sector pacts with Asean countries
- Tirupur body calls for 15 pc duty on cotton yarn exports
- Alila Diwa Goa adjudged 'Best New Hotel' at HICSA 2011
- BRICS nations pledge to resist trade protectionism
- Entries invited for ICE Awards 2011
- India stands firm amid worlds attempts to force sectoral talks
- India, Brazil to restart CEOs Forum
- Non-EU immigration to be brought down soon: UK PM
|APRIL 15, 2011|
- USA: Heckmann buys 200 LNG trucks
Heckmann Water Resources (HWR) has issued a purchase order for 200 Peterbilt 367 liquefied natural gas (LNG) trucks incorporating Westport Heavy Duty Systems (Westport HD), from We...
- GMG Airlines stops Abu Dhabi flights and increases Dubai service
The Bangladeshi private carrier GMG Airlines has terminated its twice-weekly Dhaka ' Abu Dhabi service. Instead the airline is boosting the Dhaka ' Dubai link from four to six week...
- Airport City to commence at Manchester Airport in 2012
Following the British chancellor's introduction of 21 new enterprise zones to stimulate economic growth and employment, the British Government announced that Manchester Airport wou...
- VTG shopping in Italy
VTG, a Hamburg (Germany)-based wagon lessor and rail logistics company, has acquired the railcar fleet (comprising about 300 wagons) from its Italian competitor Sogerent, a transac...
- Marco Polo: 32 new projects due to receive EUR 57 million
The EU has announced that 32 new Marco Polo projects are set to receive a share of the EUR 57 million funds earmarked under the 2010 call for proposals. Within their project l...
- Volga-Dnepr joins with Ulyanovsk State University to develop electronic safety management system
Russia's Volga-Dnepr Airlines has joined forces with Ulyanovsk State University on a project to develop an electronic system to support the prevention of air accidents. The project...
- Fiat scoops up more Chrysler shares
The Italian car maker Fiat has increased its shareholding in its US partner Chrysler from 25 to 30%. Fiat's share purchase is part of the agreement between the Italian car manufact...
- UK: Low carbon future mapped published
The UK Automotive Council has published a long-term strategy aimed at helping manufacturers of commercial vehicles and construction equipment move to low-carbon solutions. The road...
- Watco: successful start-up of Alabama's Autauga Northern Railroad
Watco Transportation Services has announced the successful start-up of the Autauga Northern Railroad (AUT). In an agreement signed between Watco and Norfolk Southern (NS), Watco ho...
- Damco appoints new global head of marketing
Damco, one of the world's leading third party logistics providers, recently appointed Christian Bech Hoengaard as global head of marketing at Damco International, with effect from ...
- APM Terminals sees inland opportunities ahead
Referencing a recent study by the McKinsey Global Institute (MGI), APM Terminals recently pointed out in press release that within the next 15 years 250 million new households coul...
- Geis Group phases in new multi-user logistics centre
The Germany-based international logistics company Geis, together with Siemens Enterprise Communications (SEN), recently inaugurated an ultra modern, international logistics and tec...
- Logwin: regional forwarding for General Motors Manufacturing Poland
The global logistics service provider Logwin, based in Luxembourg, and car maker General Motors Manufacturing Poland (GMMP) are to continue their long-established cooperation....
- Raben Ukraine wins Electrolux tender
Raben Ukraine, the Ukrainian subsidiary of the international transportation and logistics company Raben Group, has been landed a three-year contract from Electrolux. This will open...
- Germany: maritime shipping grew by 5% and more than 10% more boxes lifted in 2010
Preliminary information provided by Germany's Federal Statistical Office (Destatis) showed that the country's ports handled 5% more maritime traffic and over 10% more containers in...
- Maersk Line welcomes low sulphur fuel partnership in Singapore
Maersk Line is to actively participate in the Maritime Singapore Green Initiative by committing to switching to low-sulphur fuel in Singapore. The announced fuel switch backs up th...
|APRIL 15, 2011|
- ONR demonstrates laser weapon that could disable pirate skiffs
- Rolls-Royce opens Walvis Bay service center
- Keppel Shipyard set to deliver Vietnam FPSO
- Fred Olsen orders drillship from HHI
|APRIL 15, 2011|
- WTSA member carriers ink service contract checklist
- New WSF ferry SALISH holding sea trials in Puget Sound
- General Maritime takes delivery of new Suezmax tanker newbuilding
- Freight transportation index drops during month of February
- Rail freight traffic count breaks record during week
|APRIL 15, 2011|
- Chemical fleet growth flatlines by 2013
Eitzen predicts newbuild halt and scrapping will generate a recovery
- Higher demand from Asia fails to lift capesize rates
Iron ore in the doldrums around the $7.50 level despite flurry of Western Australia fixtures
- Suezmax rates to stay flat despite fixing boost ahead of Easter
- FIS boosts US presence
Freight Investor Services has expanded further into the US market by recruiting two brokers in St Louis, Missouri, to support growing interest in steel, scrap and iron ore swap contract
- Golar LNG linked to HHI slots
Analysts and brokers are reporting rumours that Golar LNG is looking at two newbuilding slots at Hyundai Heavy Industries in South Korea
- Bulker draws 14 potential buyers
Rumous are circulating the sale and purchase market that a Japanese-controlled handymax bulk carrier has been inspected by up to 14 potential buyers in Chin
- Bite the bullet over firearms
If armed guards are going to be part of the long-term response to piracy, clear guidelines, reasonable rules and a common sense approach from authorities are needed
- South African arms ban a threat to anti-piracy efforts
Police warn they will prosecute if guns are brought in on port calls even on ships sailing off Somalia
- Box warning signs
What has happened to all those lessons carriers claimed to have learned during 2009 crash?
- Age of ships at auction falling as arrests grow
Average age of vessels is 18 years
- Tanker slump eats into Sovcomflot income
Owner's bottom line down 11% to $164.3m in 2010 from $185.3m in 2009
- Box and liquid bulk boost Antwerp volumes
First quarter throughput up 12.7%
- WEC Lines links Antwerp with Gijon and Bilbao
New service will deploy 868 teu containership WEC van Eyck
- Green technology financing set to pick up
Banks expected to work on schemes that consider sustainability of newbuildings in finance arrangements
- CMA CGM ups bond issue to $945m
French line expects to raise almost 20% more than originally targetted
- Korea Line may seek to extend Chapter 15 order
Company in bid to protect its ships from being arrested in foreign jurisdictions
- Eitzen Chemical completes $55m private placement
Goes ahead with share issue as markets show signs of recovery
- Maersk eyes salmon transport trade
New service in pipeline to ship fresh salmon from Europe to North America
- Slow growth for US LNG exports
Infrastructure hurdles put plans to ship surplus shale gas as LNG on the back burner
- Golar spin-off to unlock value for investors
Golar LNG Partners has raised $270m to acquire two floating storage and regasification units and two LNG carriers
- Chinese gas demand set for further surge in next decade
China's dependence on imported energy might reach 80% by 2020
- Smaller operators to benefit
It is inappropriate to question the accuracy of the Shanghai Containerised Freight Index just to protest about freight derivatives
- Forum would help to build trust
A new forum for container shipping would bring together the views from a range of stakeholders in the market
- Container industry on the hunt for trusted rate indices
Despite resistance to container freight derivatives, lines acknowledge the need for a price benchmark that can be used to adjust rates in line with market fluctuations
- China State Shipbuilding posts $394m profit
Increase of 4.3% on the previous year
- Unions seek assurances for CalMac employees
Terms and conditions must be protected if Gourock-Dunoon service is transfered to new operator
- Mixed support for global containership forum
- Service contracts: weakest link in the chain?
How to draft a legally sound and balanced service contract between a container line and shipper has become the hot topic on both sides of the Atlantic
- Singapore first quarter box traffic up 2%
Throughput reaches 7m teu in first three months of 2011
|APRIL 15, 2011|
- Algoma seals ULG deal
CANADA's Competition Bureau has approved Algoma Central's acquisition of the fleet of Upper Lakes Group, Algoma president Greg Wight confirmed today
- TSA absent on TWIC
KEY FIGURES from the US body behind the TWIC seafarer ID scheme have refused to appear before a House committee to answer questions about problems with the project
- Jealous tug pilot gets probation
A US TUG pilot has been sentenced to three years' probation for abandoning his command on a vessel before it collided with a ship, causing an oil spill
- Eitzen share deal is targeting $55M
EITZEN Chemical said today it plans to raise $55M through a private placement of shares
- GE sells three VLCC newbuildings
INDIA'S GE Shipping has sold three VLCC newbuildings under construction at Hyundai HI to an unnamed buyer, thought to be AP Møller-Maersk, according to Oslo's Arctic Securities
- STX predicts Handysize rate rise
SOUTH Korea's STX Pan Ocean has reportedly indicated that it expects Handysize rates to advance as Japan imports more building materials following its quake crisis
- WTSA issues wish list
WTSA members have published a list of issues the box groups want considered in service contract talks
- Steady Aframaxes seen
AFRAMAX rates on Asian routes this week have stayed steady on ample tonnage and rising bunker costs
- Japan's demand elevates oil rates
RISING demand for refined oil in Japan is boosting product tanker rates in Asia
- ONE stock fading fast
SHARES in Omega Navigation Enterprises fell sharply for a second day following its admission that debt has yet to be restructured
|APRIL 15, 2011|
- Senate Confirms 18 Long-awaited Nominations
The Senate on Thursday confirmed three candidates for two federal transportation boards, breaking a logjam of unconfirmed appointments, some of...
- Lawmakers Introduce Harbor Maintenance Tax Exemption
Legislation to exempt domestic shipping from the Harbor Maintenance Tax made its debut on Thursday in the 112th Congress. The...
- US Steel Exports Slipped in February
U.S. steel exports fell 10.2 percent in February from January, mostly due to poor weather conditions and a shorter month,...
- Lawmakers Investigate Biometric ID Failures
Transportation Security officials were no-shows at a hearing Thursday on transportation worker credentialing, but Rep. John Mica, R-Fla., chairman of...
- MSC to Hike Far East Rates in May
Mediterranean Shipping Company plans to apply a general rate increase on the Far East-Asia-Indian subcontinent trade lane as well as...
- Grain Exporters See 'Bleak' Trade Talks Prospects
U.S. grain exporters are showing increased concern that the latest round of trade negotiations under the World Trade Organization may...
- Antwerp Container Volume Hits Record
First-quarter container throughput at the port of Antwerp climbed 7.9 percent from the same quarter last year, as its terminal...
- Two Seamen Killed in Collision on German Canal
Two seamen were knocked overboard and drowned on Thursday when the UK-flag container ship OOCL Finland collided with the Russian-flag...
- Draft Plans
It may turn out there is a raw political gambit lurking behind the objections South Carolina has raised to the...
- License to Bill?
Q: We're a public warehouse operator. As part of our service to our customers, we often set up motor carrier...
- Trucking's Kick Start
Increased inventory restocking and improving industrial output helped the U.S. trucking industry halt and then reverse a steep decline in...
- Past Regulation
Deregulation is turning into the topic of the season in international shipping, if comments from senior industry executives are any...
- OOCL Scanning Ships, Crews Before Tokyo Departures
OOCL said it is scanning all vessels it owns or charters for radiation before they depart from the Kanto ports...
- Carriers Suggest Trans-Pacific Contract Guidelines
The Westbound Transpacific Stabilization Agreement, a discussion group of 10 ocean carriers in the trade, published the checklist in order...
- California Treasurer Warns on Infrastructure Funding
California Treasurer Bill Lockyer warned maritime interests that funding for transportation infrastructure projects could fall victim to the budget impasse...
- Greek Carrier Pleads Guilty to Oil Pollution
A Greek shipping company and three others agreed to a $1 million penalty and banishment from U.S. waters for five...
|APRIL 15, 2011|
- Carriers warned by Drewry
- Cote d'Ivoire back in business
- IMB: Somali piracy 'dramatic increase' in violence
- WTSA draws up contract checklist
- Long Beach volumes dip - but LA's on the rise
|APRIL 15, 2011|
- GMA scraps sisters
Greek tanker owner cuts fleet in half following $8m demolition deal with cash buyers.
- BLT computers crash
Computer crash forces Indonesian tanker giant to postpone release of full-year financials.
- IMS narrows loss
Mortis Skaugen-led tanker group falls short in the first as it chases prospects East of the Suez.
- IMS stung by 'frozen' ship
Norwegian tanker owner fights to secure delivery of 'wintergas' vessel caught up in fraud case.
- Sevan pockets IPO cash
Jan Erik Tveteraas joins hungry institutional investors in feasting on $350m worth of Sevan Drilling shares.
- Eni takes SBM FPSO
Dutch floating production specialist on the fringe of securing 12-year contract off Angola.
- Antwerp beats cargo record
Belgian port's oil and container volumes surge in first quarter.
- Human error blamed
Report recommends masters of both MSC Chitra and Khalijia be temporarily suspended.
- SCF profit slides
Russian tanker owner's 2010 earnings fell in what it called the weakest freight market in the last decade.
- Cido chief in tax probe
The fiscal affairs of Korean owner Hyuk Kwon are under the microscope.
- Japan detentions drop
Smaller list of defective cargoships during March following devastating earthquake and tsunami.
- New5 in Numb3rs
Dry bulk chiefs in the money, as market prepares to put a value on Glencore and V Ships, while a US shipowner contemplates a future without ships.
- Ferry jinx strikes again
Cargoship trying to transport passenger vessels to Mauritius detained in Ireland a week after accident.
- Manslaughter probe for Condor
French police reveal seriousness of investigation into death of fisherman in collision with ferry.
- Dockwise sells Explorer
Sale completes the phase out of cargoships begun in 2009.
- CSSC in the money
Shanghai-listed unit of state shipbuilding group saw profit and revenue increase in 2010.
- Cochin gets SCI double
Shipyard will construct two 3,500-teu box vessels for state owner, the first such ships to be built in India.
- Bunny invasion
Cargill gets cuddly, while J Lauritzen's Torben Janholt cries foul over KLC's charter deals.
|APRIL 15, 2011|
- FIATA: 'Level playing field' for foreign NVOs
The International Federation of Freight Forwarders Associations (FIATA) is demanding that foreign non-vessel-operating common carriers under the U.S. Federal Maritime Commission rules be allowed to enter into negotiated rate arrangements (NRAs) wi...
- U.S., industry hold Egypt trade forum
The U.S. government, U.S.-Egypt Business Council, and U.S. Chamber of Commerce will host an international trade forum in Washington on June 27-28. The U.S. Trade and Development Agency will sponsor a 48-person delegation from the Egyptian public a...
- GAC, Ultramar handle South America oil and gas
GAC Energy & Marine Services (GEMS) and Ultramar Logistics (U-LOG) will jointly offer logistics services to the oil and gas and mining sectors.This collaboration expands the existing GAC agreement with Ultramar Logistics to include GEMS to provide ...
- BSA lines reduce bunker surcharge increase
Members of the Florida-Bahamas Shipowners & Operators Association announced the reduction of a bunker surcharge increase which had been scheduled for April 17.The increase of $75 per TEU is now reduced to $50 per TEU. The previously announced incre...
- CSA postpones bunker surcharge increase again
Members of the Caribbean Shipowners Association announced another postponement of bunker surcharge increase that had been scheduled for Sunday, April 17.The increase of $30 per TEU is now scheduled for implementation on April 24.Bunker surcharges a...
- WTSA issues shipper-influenced contract pointers
Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) on Thursday published a checklist of recommended issues to consider during service contract negotiations with shippers, based on input from WTSA's Shipper Advisory...
- Box Ships raises $132 million
The containership owner Box Ships, a spinoff from the Athens-based dry bulk company Paragon, raised $132 million from an initial public offering of stock on Thursday.The shares were priced at $12 per share, $4 per share less than the $16 midpoint e...
- Grand China launches transpacific service
Grand China Shipping will launch a transpacific service in April. The company's SPX service will call Hong Kong, Shenzhen, Ningbo, Shanghai, and Long Beach with a 12-day transit from Shanghai to Long Beach. The weekly service will use five ships o...
- Hyundai joins two Asia-USEC services
Hyundai Merchant Marine said Thursday it is joining a CKYH Alliance Asia-U.S. East Coast service as a slot buyer, while also participating in a Grand Alliance-Zim all-water transpacific service. Hyundai is joining CKYH's AWE-5 service, which the ...
- U.S., French Customs compare notes
Jérôme Fournel, France's Customs and Excise General Director, met with U.S. Customs and Border Protection officials in Washington on Tuesday to discuss bilateral cooperation on border and supply chain security. The French delegation was also sched...
|APRIL 15, 2011|
- Efficiency technology receives more orders
Hamburg S'd announced that it will be installing the technology on all of its post-Panamax container vessels by the end of October this year.
- Bunker prices mostly down
Crude futures settled higher on reports of encouraging US data.
- Bunker prices soften in Fujairah
Other markets across the region more mixed.
- Bunker prices see little movement
'Very good demand' for products in Hamburg.
- Survey: 44% report 'serious' off-specs deliveries
DNVPS survey looks at bunker fuel buyers' problems with regards to quality, quantity and availability in the past year.
- Gasnor exits LNG bunkering venture at Swedish port
LNG project will still push through with G'teborg Energi solely taking over the project's assets.
- Week ends with bunker prices largely down
Amid sufficient supplies at most key Asian ports on Friday.
- Waste heat recovery technology makes 'good sense'
Up to 10% improvement in fuel efficiency can be expected from using the system on ships, said Maersk Maritime Technology head.
- Brightoil constructs oil storage facility at Dalian
Facility to have 4-5 million cm' of oil product storage capacity when phase one of construction is completed in 2012.
- Lukoil commences bunkering at Russian port
Lukoil-Bunker performed first bunkering at Volgograd on April 9.
- Ecospec ties-up with Sembcorp yard
Sign Memorandum of Agreement (MOA) to provide 'innovative and effective green solutions' to shipowners.