|JULY 18, 2011|
- IMO agrees on CO2-cutting measures
The International Maritime Organization (IMO) agreed last Friday on energy efficiency design standards for new ships to cut greenhouse gas emissions, but developing countries will probably delay implementation by using a waiver, delegates said.
|JULY 18, 2011|
- Hong Kong cargo down 2.2pc in June to 2 million TEU, Singapore up 3.7pc
- Shanghai continues to outrun Singapore's container volumes in first half
- Asia-Med freight rates suffer worst of bad week, says Shanghai index data
- ANZDA peak season surcharges of US$250/TEU, $500/FEU apply Aug 15
- Guangdong's Xinsha checkpoint sees a surge of 68pc in whole-auto imports
- Dongguan's PSA port handles 300-TEU ships on run to Taicang, near Shanghai
- UK Graig orders super-feeder with '30pc less fuel consumption per TEU'
- US exports slip 0.5pc in May after 16.4pc growth in first five months
- Prologis expands at three Japanese facilities of 67,000 square metres
- Cathay cargo falls 9.1 per cent in June during traditionally slow month
- US airline freight beats passenger side workforce growth in May
- BA continues wine supply partnership with Kuehne + Nagel for 3 years
- Panalpina offers value-added logistics at Huntsville Alabama airport
|JULY 18, 2011|
- Crew competence seen not matching up to demands of modern ships
- Double-digit growth expected in shipments to Africa
- Konecranes bags soaking pit crane order
- Maersk Sembawang to be largest vessel to call South India ports
- MSC, CSAV to jointly operate direct service between India & Europe
- NYK Line finalises window at GTI
- Pirate attacks up, seizures down in 2011
- SCI signs shipbuilding contract for 3,500-TEU vessel
- Chinese firms may hit security roadblock for port projects
- PSA-led consortium to develop & operate JN Ports 4th box terminal
- FFFAIs 20th biennial convention to be held in Udaipur on August 25-28
- Gelkaps Sports organises paintball fair at KASEZ
- Competitive credit a must to sustain export growth momentum: Fieo President
- I-T Dept reopens cases against SEZ developers
- Net direct tax collections drop 17 pc
- EEPC Indias Open House with Zonal Joint DGFT on July 28 at Vadodara
- Heavy pallet loaders moved from Canada to Russia
- New Orleans hosts professional development for project forwarders
- SCHEUERLE heavy-duty transporters in action for Germany's first offshore wind park
|JULY 15, 2011|
- New Port Aransas ferry starts service
- Rand Logistics to add Canadian flag bulker
- Blount to build South Boats wind farm cats for U.S. market
- IHC Merwede to build Jones Act OCV's at BAE Mobile and Jacksonville yards
- Fincantieri no longer set to acquire Davie, but alternate buyer is hovering
|JULY 15, 2011|
- Retiring Coast Guard commander hands over Ancient Albartoss title
- Rand Logistics to purchase bulk carrier MARITIME TRADER
- Rail freight traffic count rolls to up/down week
- Port of Portland schedules 2011 Seaport Celebration
- RailAmerica reports drop in June carload numbers
|JULY 15, 2011|
- Suezmaxes ordered during boom face financial blues
Vessels contracted in 2007-2008 set to make significant losses
- Capesize rates fight to hold ground as fixtures dry up
Time charter average tumbles 17%
- Atlantic-based trade continues to dominate suezmax sailings
The suezmax sector continues to be dominated by Atlantic-based trade, accounting for around 77% of exports and Europe and the US taking in 62% of the crude carried globally on these tankers
- Modern prices to close in on $50m mark
Fleet oversupply unlikely to be supported by a pick up in scrapping
- IM Skaugen strives for contract balance for its LPG carriers
The company's contract of affreightment deals have limited its ability to reap the rewards of an improved spot market
- Fortescue iron ore volumes rise as mining sector recovers
Major expansion investment expected to drive up Fortescue production even further
- Growing Chinese VLCC fleet stifles European owners
Middle Eastern crude oil imported on domestic tonnage reaches 40% market share as other owners feel the pinch
- Hong Kong owners take 11% of China VLCC deliveries
Greek owners' share falls to just 5%
- Shipping banks pass stress test
No major shipping lenders among eight European banks to fail
- Nautilus Marine Acquisition debuts with slimmed-down IPO
Akis Tsirigakis-led blank cheque enterprise rakes in $48m instead of $60m while keeping share price unchanged
- Rongsheng gets back in the game
New Greek orders and the Vale endorsement give Rongsheng's stock a boost
- Will Vale bulk carriers get into China?
The best way to quash rumours of being blocked from China's ports is to sail a VLOC into one
- Slow march forward for Vale's VLOCs
The naming of an unfinished valemax at China Rongsheng meant more theatre than progress
- Changes to sulphur content ruling 'will reduce short sea freight by 30%'
European Shippers Council calls for new sulphur limits deadline to be postponed until 2020
- NCL re-launches $250m IPO
New corporate structure announced
- Shanghai box freight index falls despite capacity withdrawals
Composite SCFI down 1.4% to $1,016 per teu as Shanghai-Northern Europe route declines by 1% to $809 per teu
- Put some welly into maritime awards
It is time to give proper recognition and reward to the valuable work done by our engineers, designers, technologists and scientists
- WSC and Japan outline efficiency scheme
Proposal designed to "stimulate significant improvements in the carbon efficiency of the world's maritime fleet"
- Will the Middle East Gulf suffer a gap between hope and reality?
Gulf Co-operation Council states look on course for strong growth, but large expansion of container terminal capacity will need to be carried out
- Middle East Gulf expansion in the pipeline
Extra capacity to come online through to 2016
- UK pensions shake-up will apply to seafarers and offshore workers
Location of employer would not be a key determining factor in deciding whether an individual is ordinarily working in Great Britain, says minister
- Pirates refuse to free South Korean seafarers unless jailed comrades are released
Somalis also demand compensation for deaths inflicted by special forces in the Samho Jewelry rescue
- Deficit forces US to shed the jones for subsidies
Tariffs protecting ethanol trade go, which is good for shipping as corn exports rise
- Norway's forceful anti-piracy stance attracting industry attention
Code gives unusually practical guidelines on weaponry and deployment of armed guards
- Port in a storm
Los Angeles must do more to rein in its profligacy as rest of California struggles
- Los Angeles volumes down 12% on June 2010
Port blames last year's early peak season surge for skewing the figures
- Hyundai Merchant Marine throws down the gauntlet on Asia-Europe
South Korean carrier plans to add up to 10 12,600 teu ships in battle for survival on competitive trade
- Tightening gas market boosts IM Skaugen
Gas carrier and tanker owner reports second quarter profits of $400,000, compared with a $4.5m loss a year ago.
- Port of Los Angeles pays back $100m bond
Repayment will save $16.5m in interest over 15 years.
|JULY 17, 2011|
- Nautilus completes IPO
BLANK-cheque vehicle Nautilus Marine Acquisition today priced its IPO, obtaining 20% less proceeds than it had been seeking
- Writ stalling JNPT scheme is withdrawn
A VENTURE involving PSA International and India's ABG Ports is now likely to win a contract for a fourth box terminal at Jawaharlal Nehru Port Trust
- Tampa port director criticised
FLORIDA'S Port of Tampa Maritime Industries Association has criticised Tampa port director Richard Wainio and called for him to leave the position when his current contract ends
- LA box outlook shaky
MIXED results in June at the largest US box complex are increasing chances that the fall peak shipping season will be delayed, a port official there told Fairplay
- CSAV teams with MSC
CSAV HAS confirmed that it will begin jointly operating multiple new box services with MSC from next month through 2014
- New JV targets Davie
A NEW consortium is moving to take over Quebec's Davie Industries shipyard after Italy's Fincantieri said it had ended talks to buy the yard
- IM Skaugen posts slim profits
NORWAY'S gas carrier and lighterage tanker group IM Skaugen today reported net profits of $0.4M for the second quarter, from losses of $4.5M a year earlier
- NCL revises IPO plan
NORWEGIAN Cruise Line, which is gearing up for a NASDAQ listing, filed a revised IPO registration today, featuring a new corporate structure
- EC adopts sulphur cuts directive
THE EC today adopted a proposal to revise the 1999 sulphur directive and promised to cut sulphur dioxide shipping emissions by up to 90%
- FESCO reports cargo rise
FESCO said today its box volumes jumped in the first half of the year, compared with the same period of 2010
- Bulker demolitions surge 219%
GREEK shipbroker Golden Destiny said in a quarterly report that 150 bulkers were scrapped in 1H2011, up 219% year on year
- Baltic ro/ros pick up
RO/RO traffic is rising steeply this year on routes linking Kiel in Germany with Russia, other Baltic countries and Scandinavia
- Tallink's losses climb
HIGH COSTS for bunkers and a harsh winter that increased fuel use deepened losses in the three months to 31 May, Tallink said today
- Ballast rules attacked
US RULES for ballasting constitute a threat to the nation's economy, the US Congress was warned
- Leaders differ on Sovcomflot decrees
MOSCOW has issued two official, ambiguous announcements indicating a late 2011 privatisation of at least 25% of government-owned Sovcomflot, one of the world's largest oil tanker operators
|JULY 15, 2011|
- Mica Hits Back at Chamber Over Transport Bill
U.S. House Transportation and Infrastructure Committee Chairman John Mica, R-Fla., said the U.S. Chamber of Commerce favors tax increases over...
- U.S. Seizes Lead-Tainted Children's Jewelry Shipment
U.S. government agents seized a shipment of $340,000 worth of children's jewelry bearing some three times the legal of level...
- Consumer Sentiment Hits 28-Month Low
U.S. consumer sentiment fell this month to its lowest level since March 2009, reflecting depressed income and low employment levels,...
- CSX Gains Large New Coal Business
Corsa Coal began sending trainloads of high-heat metallurgical coal out of its new Somerset, Pa., coal wash plant, generating export...
- Maersk Division Wins $126 Million Navy Contract
Maersk Line, Ltd., won a multi-year contract valued at up to $126 million to operate and maintain five container and...
- Carolina Railroad to Aid Industrial Park Developer
North Carolina's Aberdeen Carolina & Western Railway will be the exclusive project advisor to Gladstone Development on a recently acquired...
- U.S. Factory Output Flat in June
U.S manufacturing activity was flat in June, the Federal Reserve said, although utility and mining output pushed overall industrial production...
- YRC Worldwide Projects Second Half Operating Profit
YRC Worldwide expects its revenue to rise about $600 million this year to $4.9 billion and to report an operating...
- Cathay Cargo Traffic Falls 5.5 Percent in June
Cathay Pacific Airways cargo traffic fell 5.5 percent in June, the third straight monthly drop at one of Asia's largest...
- European Commission Cracks Down on Maritime Pollution
The maritime industry would be required to slash sulfur dioxide emissions by up to 90 percent at a cost of...
- Season of the Switch
FTR Associates transportation analyst Larry Gross showed a revealing chart at The Journal of Commerce Inland Ports Conference in Chicago...
- NVOs Outpace Vessel Operators
Two of every five trans-Pacific import containers are booked through non-vessel-operating common carriers instead of directly with container lines, and...
- Reverse Course on the Trans-Pacific
Shipping is picking up steam on the trans-Pacific, but it's not happening in the direction carriers are accustomed to. Instead,...
- Politics, Reality
Even John Mica doesn't believe in the transportation spending plan he released this month. That was plainly evident...
- Semiconductor Shipments Forecast to Accelerate
Semiconductor manufacturers are raising their projections for industry shipments in 2011, forecasting sales will grow 5.4 percent over last year...
- MSC, CSAV To Consolidate Four Routes
Chilean container line CSAV and Mediterranean Shipping will jointly operate four liner services under a new agreement, stepping up ocean carrier...
- Forwarder Pilot Expands to Amsterdam
Pilot Freight Services will open an office in Amsterdam as the U.S. freight forwarder looks to build on strong growth...
|JULY 15, 2011|
- More capacity withdrawn in transpacific
- LA & LB feel the new downturn heat
- S&P threat to US triple-A rating
- COSCO to invest in armed guards
- More trouble between N.Europe and the Mediterranean
|JULY 15, 2011|
- Greeks torch boxships
Athens-based liner operators hit $16m jackpot in freshly minted series of demolition deals.
- Maersk inks MSC deal
US-flag division of Danish shipping giant ties up $126m management deal with Military Sealift Command.
- Tsirigakis storms Street
Investors plough $48m into Akis Tsirigakis-led blank-cheque, Nautilus Marine Acquisition Corp.
- Mauritius gifted piracy aid
Government handed $4.4m to help tackle maritime piracy and enhance security efforts.
- Lenac plots share sale
Croatian owner Tankerska Plovidba to build stake in shiprepairer as it issues new stock.
- EC aims to cut sulphur
Commission tables plans to cut maximum level in bid to reduce emissions by 90%.
- Iraq's port problem
Baghdad government worried shipping industry will be strangled by Kuwait's new Mubarak al Kabeer terminal.
- Tug officer charged
Distracted K-Sea crewman faces manslaughter trial after barge hit duck boat on Delaware River, killing two.
- SCI plots offshore move
State-owned company targets 'high end' of market and reveals transloader project.
- Wartsila predicts sales dip
Finnish engine builder mulls possible 5% decline due to weak marine systems market.
- Samho crew going home
Six men on struggling owner's VLCC Samho Crown will receive pay in Dubai before flying out.
- Never ending saga over?
Offshore contractor Cecon optimistic that it will finally get hugely expensive delayed newbuildings from Davie Yards.
- Five hurt in clash
Philippines coast guard says baby among injured after ferry and cargoship were involved in accident off Cebu.
- Pirates seek compensation
Somalis holding hostages call on South Korean government to release prisoners.
- US yard worker killed
50-year-old reportedly electrocuted at Avondale shipyard in Louisiana.
- Cosco shelves nuclear plans
Chinese shipping giant drops alternative energy proposal in wake of Japanese nuclear crisis.
- Celtic Link drops claim
Irish Sea operator gives up on compensation case after livestock ambitions thwarted.
|JULY 15, 2011|
- Sea Star discontinuing Philly Service
Sea Star Line said it will end its service between Philadelphia and San Juan, Puerto Rico, on July 22. "The maritime community in Philadelphia has been very supportive and great to work with, but we have been unable to secure an adequate revenue s...
- Washington Notebook
- BIS proposed rule moves U.S. export reform forward
The U.S. Commerce Department's Bureau of Industry and Security released a proposed rulemaking Friday that moves another step forward the Obama administration's goal to modernize the country's aging export control system. A significant piece of the...
- Shipper groups oppose bunker levy
As the International Maritime Organization Marine Environment Protection Committeewinds up a meetingin London this week, the Global Shippers Forum (GSF) said any scheme for controlling carbon emissions in the shipping industry should provide incen...
- Pirates attacks up 36% in first half of 2011
There were 266 incidents of pirate attacks on vessels around the world in the first half of 2011, up 36 percent from 196 attacks during the same period in 2010, according to the International Maritime Bureau's Piracy Reporting Center. But the numb...
- U.S., Macedonia reach open skies agreement
The United States and Macedonia on Thursday reached an open skies aviation agreement, which will allow airlines of both countries to select routes, destinations and prices for passenger and cargo services based on consumer demand and market condit...
- Pilot Freight lands in Europe
Pilot Freight Services, a third-party logistics services provider, has opened its first owned European station in Amsterdam. "This is a big milestone for our company, as we continue to grow and expand our footprint both domestically and internation...
- IES opens office in Norfolk area
IES Ltd., a transportation software provider to freight forwarders, non-vessel-operating common carriers and customs brokers, has opened an office near Virginia's Port of Norfolk. The office will primarily focus on engineering, operations and infor...
- Mitsui to acquire Portek
The parent company of MOL has won a bidding war to acquire a majority share in Singapore-based niche port operator Portek, according to news reports out of Asia. Mitsui and Co., a Japanese conglomerate whose businesses include MOL and MOL's contain...
- SoCal port volume down 5% in June
Southern California's two ports had divergent container volume growth patterns in June, according to Los Angeles and Long Beach statistics. The two ports collectively handled 1.2 million TEUs in June, a roughly 5 percent drop from the same month i...
|JULY 15, 2011|
- Week ends mostly soft in Americas
Crude futures were lifted by lower oil supplies from Canada and higher US equities.
- IMO moving at 'glacial speed' to reduce GHG emissions
'Adoption of the EEDI must mark the start of a period of renewed action at IMO with a focus on achieving fast, deep cuts in emissions,' says industry source.
- Australian carbon tax set to counter bunker credits
'The carbon tax will raise costs all the way along the supply chain, from factories and mines to railways and port.'
- Caribbean ECA formally adopted
MEPC 61 also adopts exemption from ECA sulphur limits for old steamships in the US.
- Fujairah prices fall; Cape Town strikes continue
Employers in South Africa's petroleum sector were ready to resume talks with unions to end strikes.
- EU confirms proposal to cut sulphur emissions from shipping
Alignment with IMO sulphur limits for ECAs from 2015 and global limit in 2020 to cut ship sulphur emissions by 90%.
- Rotterdam and Hamburg markets fall
It was an average day of trading day in Hamburg.
- IMO makes history with global GHG regulation for ships
MEPC 62 adopts a new part to MARPOL Annex VI after dramatic session which forces a vote on the issue.
- Week ends with dip in bunker prices at most major ports
Demand for bunkers largely below average at key Asian ports on Friday.
- Oiltanking Partners raises $215 million from IPO
Sold 10 million of its common units for $21.50 each; begins trading in New York on Thursday.
- Wärtsilä to design new generation box feeder vessel
MARLIN series of container feeders able to acheive up to 30% improved fuel efficiency per TEU carried.
- South China fuel oil stocks slightly down
Volume of oil exiting the major oil terminals higher than the amount of cargo coming in.
- Singapore fuel oil volumes fall to five-month low
Stocks down 1.671 million barrels to 17.513 million barrels, according to International Enterprise data.
- Aegean shares at new low
Thursday's closing price lowest since the company's IPO in 2006.