|OCTOBER 18, 2011|
- German naval base joins 'supership' war
Germany's chief naval base during two world wars will be transformed into its only deepwater port as part of a 950 million euro (S$1.7 billion) plan to stop a new generation of container 'superships' diverting to Rotterdam.
- Benin at centre of piracy fight in West Africa
The small nation of Benin has found itself on the front lines of an intensifying battle against piracy off West Africa's coast, with a spike in attacks raising deep concern in the shipping industry.
|OCTOBER 18, 2011|
- Hong Kong down 5pc in September to 1.96 million TEU, Singapore up 7.9pc
- Shanghai Shipping Exchange seeks to open futures trading to foreigners
- FMC invites input on rule change proposals on rate index-based contracts
- Beijing spent US$22.9 billion in 5 years for interior roads, waterways
- US boxed exports up 5.4pc in August, fuelled by low dollar, high demand
- Charleston and Savannah reach for detente over river dredging tiff
- Bangladeshi-US shoe exports up 50pc as importers turn away from China
- US Republicans build opposition to hours-of-work restrictions on truckers
- North American rail freight slips from late September but up on 2010
- IATA: Africa must fix air safety, being 12 times worse than global average
- Coventry airport resumes cargo flights, first step to full operation
- American prosecutors resume case against air cargo operator Viktor Bout
|OCTOBER 18, 2011|
- "K" LINE to launch intra-Asia China-Philippines-Indonesia service
- APM TERMINALS acquires Gothenburg container terminal
- Container shipping rates expected to remain weak
- ICS brings out special piracy brochure to mark World Maritime Day theme
- Kanway Line's new Hong Kong-Vietnam service
- OOCL announces Grand Alliance winter programme updates
- Port Klang to build third box terminal
- Safmarine's corporate restructuring will not impact its brand, liner services: Tomas Dyrbye
- Tanker safety risks mount as rates plunge
- Move to enhance Bangladeshs textile imports to India welcomed
- Maharashtra gives industry status, sops for port development
- Assocham asks govt to review taxation, land purchase issues of SEZs
- Crisil trims GDP growth forecast to 7.6 pc
- Indian entrepreneurs invited to set shop in Arkansas
- New DIPP norms may put brakes on PE deals
- RBI increases online export remittance amount
|OCTOBER 17, 2011|
- US sees strong rise in light truck field
The German Association of the Automotive Industry (VDA) has reported that the US light vehicles market rose to 1.05 million units in September. German car makers performed far bett...
- Billions for Australian highway upgrade
A key section of the Pacific highway between Frederickton and Eungai in NSW (Australia) is to be upgraded to a dual carriageway, providing 26 km of four lanes for USD 4.1 billion, ...
- Icao endorses English language testing to promote aviation safety
To further improve aviation safety worldwide, the International Civil Aviation Organisation (Icao) has launched a new service to help its member states assess more accurately pilot...
- Goldhofer project: from value analysis to more value added
A series of Ingenics projects at Memmingen-based Goldhofer, a renowned provider of special solutions for heavy and special transport loads, confirm that the more cost-efficient the...
- AAT cargo tonnage drops in September
Hong Kong's Asia Airfreight Terminal Co (AAT) announced that its throughput in September was 57,309 t, a drop of 7% over the same period last year. Kenneth Yeung, AAT's corporate d...
- Driessen and AF-KLM Cargo launch full composite pallet
The Dutch company Driessen, a member of the Zodiac Aerospace Group, is the first in the industry to create a full composite pallet. The lightweight composite pallets will help airl...
- Valorec and 3E Logistic support Macedonian waste disposal
The Swiss state secretariat for economic affairs has, in the framework of its economic cooperation and development efforts, established a project with Macedonia's ministry of the e...
- SBB Cargo looks to shunting future with hybrid locomotives
SBB Cargo and railway manufacturer Stadler Rail have presented the new hybrid locomotives of the Eem 923 type in Winterthur (Switzerland). At the beginning of 2012, SBB Cargo will ...
- Horizon Lines promotes Joe Rodriguez to VP eastern region
Horizon Lines, a leading US domestic ocean shipping company, has appointed Joe Rodriguez as vice-president, sales and marketing, eastern region. Rodriguez will oversee all sales ac...
- Booming North Europe-Baltic container trade in 2010
The container trade between Rotterdam and the Baltic Sea littoral states boomed in 2010. Volumes rose from 912,000 to 1.15 million teu. Hamburg, the market leader (in teu), reporte...
- K Line adds China-Philippines-Indonesia link
Kawasaki Kisen Kaisha (K Line) has launched a new weekly Jaseco service, from northeastern to Southeast Asia. The port rotation starts in Qingdao and proceeds to Shanghai, Ningbo, ...
- Saudi Landbridge freight line now a state project
The Saudi Arabian council of ministers has decided to proceed with the Saudi Landbridge east-west freight line as a state-funded project, according to media reports. The line linki...
|OCTOBER 17, 2011|
- Zentech to convert derrick barge for wind farm work
- NSRP funds 15 new shipbuilding R&D projects
- Rolls-Royce to supply azimuth thrusters for 18 Chinese tugs
- Navy funds will not be incentive to close Avondale
- E.R. Schiffahrt christens two 13,100 TEU containerships
- Thome Ship Management appoints Ostenfeldt MD
- Dakota Creek Industries wins AGOR design and construction contract
|OCTOBER 17, 2011|
- New study provides roadmap for Tacoma Tideflats funding options
- International Chamber of Shipping provides flag state information
- Crowley Maritime combines customs brokerage services
- Everett Port Board adopts new district boundaries
- APL names Wong Siew Loong North Asia regional president
|OCTOBER 17, 2011|
- Navigating the changing offshore environment
Post-Macondo, the industry faces the prospect of increasing scrutiny and significant costs as new regulations emerge
- Newbuildings mean sailing into a crisis
Forget talk of consolidation. Recovery will only come from inward retrenchment, not external expansion
- Bad weather can lead to good earnings
Delays caused by the forces of nature boost shipowners' fortunes
- Novatek close to revealing LNG tanker details
New ship design will be needed for exporting liquefied natural gas out of the Arctic year round
- Q-Flex and Q-Max fleet overhaul could create a spike in market prices
Owners and charterers still mulling conversion of diesel engines to have LNG power capability
- New cheap bunkers are one-third water
Fuel could be up to 10% cheaper and on the market by next year
- MSC will contribute to Rena clean-up
New Zealand general manager meets with transport minister
- First reported resale of 300,000 dwt bulk carrier
Prices of $73m-$75m understood to have been paid for Universal Shipbuilding vessel
- Rickmers threatens to ditch German flag
Step would be in protest at axing of government subsidies
- Maersk poised to expand Apapa capacity as Nigerian cargo booms
New generation of ships spurs APM Terminals to push for enlargement of Lagos facility
- All-time high on cards for VLGC rates
Tight vessel availability in Middle East driving rates up by the week
- South of England P&I goes into provisional liquidation
Non-IG P&I insurer forced by regulator to cease trading
- Handysize boxship charter durations fall
Average of 6.5 months in 2011 as lines become wary of taking in excess capacity
- APL revenue per box falls as volumes rise
Rates for 40 ft boxes slide despite increased cargoes
- Attica aims to raise $33m
Proposed capital increase mooted as Greek ferry industry suffers
- Dynamic positioning station-keeping incidents on the decline
IMCA insists lower 2009 figure is not just due to under-reporting
- Michael Ryan takes charge at US Shipping
Man credited with American Commercial Lines turnaround appointed chief executive
- Break it and take it
In law at least it's the shipowner not operator who is responsible for maritime pollution
- Rickmers calls for consolidation
Offers merger talks with struggling tramp owners
- Maersk takes two VLCC newbuildings on long-term bareboat charter
Tanker company shows desire to expand fleet despite poor freight rates
- Cash buyers' high prices puzzle demolition market
Reports of breaking yards renegotiating rates at the last minute
- Unisea charters out aframax for 10 years at $20,000 per day
Rate indicates little improvement in rates over next decade for crude oil aframaxes
- Kuehne+Nagel seafreight volumes rise 11.4% in third quarter as turnover falls
Swiss logistics group on target to double volumes by 2015
- Modal blocks
Modal shift initiatives hit by lobbying and practical obstacles
- Greening to be grilled on pilotage standards
UK transport secretary asked to address concerns in wake of Sea Empress ruling
- Venezuela to seek custodial sentences in Jürgen Schulte drugs haul
Company maintains 11 seafarers held and nine others bailed are unconnected with find
- Capesizes look sweet
Rally will continue as panamax and supramax markets ebb
|OCTOBER 17, 2011|
- NY cluster reports rise
AN independent study released today confirmed the maritime sector's growing importance to New York and New Jersey, although future revenues will hinge on raising the Bayonne Bridge
- Bulker owners told to weigh period deals
BULKER owners have been advised to consider sealing more period than spot business for next year because the current bull market might not be sustainable
- Oz scheme for 'floating harbour' approved
SOUTH Australia's government has approved an IronClad Mining scheme that includes plans for a 'floating harbour', the company said today
- Jova shuts down Manzanillo
MEXICAN box port Manzanillo has been closed since yesterday because of damage from Hurricane Jova
- Breakers killed in Bangladesh
AT LEAST three workers have reportedly been killed and several injured in a Bangladesh breaking yard accident
- US proposal targets owner abandonment
SHIPOWNERS who abandon crew members accused of violating US maritime laws could be required to pay their support costs under a proposal in Congress
- Skaugen unveils losses
IM SKAUGEN, the Oslo operator of small LPG carriers and tankers, today reported net losses of $1.95M for a 3Q11
- Box rates bottom-feeding
BOX RATES have sunk to a year-to-date low, according to the Shanghai Containerised Freight Index
- Suezmax tanker rates edge off highs
SPOT RATES for Suezmax tankers, whose owners had hailed strong gains in recent weeks, have edged off last week's highs
- Variable box rates urged
CMA CGM today proposed variable freight rates in long-term shipping contracts as a "reasonable" measure to address the global box shipping squeeze
- Greek passenger ship crews strike
GREEK crews for passenger ships today began a 48-hour strike over government austerity measures, Fairplay was told
- Tanker boost seen in US refinery exits
REFINERY closures in the US could boost tonne-mile demand for VLCCs and LR2 products tankers, according to a market report
- Breaking speculation sours
PRICE ping-pong is continuing in ship recycling markets, with some cash buyers' speculative purchases turning sour as ships were resold for less to end-buyers
- Pirates foiled off India
A BULKER crew has thwarted a pirate attack off India
- K+N box bookings rise 11.4%
LEADING ocean freight forwarder Kuehne + Nagel is on track to expand its market share, with a rise in 11.4% in ocean cargo bookings this year
|OCTOBER 17, 2011|
- NY-NJ Port-Related Jobs Up 3.5 Percent
The number of jobs generated by the Port of New York and New Jersey rose nearly 3.5 percent during the...
- Lowe's Closes 20 Stores, Curbs Expansion Plans
Home improvement retailer Lowe's is closing 20 underperforming stores in 15 states and cutting its plan to open up new...
- Spot Market Truck Volume Up 47 Percent
Spot market volume on TransCore's network of load boards rose 10 percent in September from August and 47 percent from...
- Small Container Ships Face Challenges, Report Says
Container ships with capacities of 1,000-2,000 20-foot equivalent container units face uncertain cargo demand and growing competition from larger vessels,...
- Port of Antwerp Container Traffic Up 3.1 Percent
The Port of Antwerp's container traffic increased 3.7 percent in the first nine months of 2011 from a year earlier,...
- CP, Contrans Convert Flatbed Freight to Intermodal
Canadian Pacific Railway is partnering with truck and logistics provider Contrans by using collapsible containers to convert some flatbed-type shipments...
- CSX to Haul Maersk Cargo From Virginia to Midwest
Maersk Line and CSX Transportation signed a contract for the railroad to haul the Danish ocean carrier's discretionary cargo...
- Retail Sales Up 1.1 Percent in September
Retail sales rose a higher-than-expected 1.1 percent in September, led by a 3.6 percent jump in motor vehicles and parts,...
- Heartland Express Founder Russell Gerdin Dies
Russell Gerdin, the son of a truck driver who founded one of the most profitable companies in trucking, died Oct....
- All Nippon Airways Cargo Traffic Falls 2.5 Percent
Japan's All Nippon Airways' international cargo volume fell for the first time in two years in August on a year-on-year...
- Kuehne + Nagel Boosts Profit 1.1 Percent
Kuehne + Nagel's earnings grew 1.1 percent in the first nine months of 2011 from a year earlier as the...
- APL Names Wong President for North Asia
APL appointed Wong Siew Loong regional president of its North Asia business, which covers China, Japan and Korea. ...
- T.S. Lines Launches India-Middle East Service
Taiwanese ocean carrier T.S. Lines launched a container service earlier this month that connects the Port of Nhava Sheva (Jawaharlal...
- OOCL's Zaninelli Warns of Container Crunch
A shipping executive warned exporters to plan ahead for their equipment needs because empty containers will be increasingly difficult to...
- Looking Beyond the Fine Print
About a year ago, Daniel J. Vandermeulen and his global procurement team at Mattel huddled with the toymaker's in-house lawyers....
- APL Volume, Revenue Slip in September
APL's container volume fell slightly in September from August, while average revenue per container slipped despite attempts to impose a...
- Cathay Cargo Sees No Sign of Peak
Cargo carried by Cathay Pacific Airways and Dragonair contracted for the sixth straight month in September as demand for exports...
- Bangkok Airport Stays Open, Prepares for Floods
Operators at Bangkok's Suvarnabhumi International Airport said they are ready to divert flights and close terminals if monsoon flood waters...
- Floods Cripple Thailand's International Trade
The worst monsoon floods to hit Thailand in decades have crippled the country's international trade as rushing waters prevent workers...
- Trade Official Hails New Agreements
New trade pacts approved by Congress will provide a major boost to help push the U.S. out of its economic...
- Planning Better Driver Retention
The building blocks of driver retention seem deceptively simple: pay, working conditions, communications and training. But drivers can be lost...
- What Should Shippers Do?
A few years ago, shippers might have considered driver retention a carrier problem. But with truckload capacity increasingly tight and...
- Trucking's Money pit
Want job security? Look for work as a driver recruiter at a truckload carrier. Annual driver turnover rates...
- Judge Rules Arbitrator Needed
Grain exporter EGT and the International Longshore and Warehouse Union continue to cry out for clarity over the union's contention...
- Honda Loses Traction
Although most Japanese producers have recovered at home and abroad from the impact of Japan's March 11 natural disasters, some...
- Rolling Across Asia
Policymakers believe creating a network of scheduled roll-on, roll-off services across Southeast Asia can reduce transportation costs and spur economic...
- Restarting the Ro-Ro Engines
The catastrophic events triggered by the Great East Japan earthquake and tsunami in March that devastated large areas of Japan...
- The Super Transport View
The congressional 'super committee' that is supposed to slice trillions in federal spending has a new suggestion from the top...
- Three FTAs Down; What's Next?
U.S. GDP is expected to grow by $12 billion as a result of new free trade agreements with South Korea,...
- Working on the Railroads
President Obama stepped into a simmering dispute between rail unions and most major railroads Oct. 6, ordering up a special...
- Outcry at the Border
Canada and the United States have maintained a peaceful border for almost 200 years, but the peace is occasionally broken...
|OCTOBER 17, 2011|
- Rena: MSC told to 'step up'
- CI rewards the 'Safmarine way'
- Nigeria takes action to raise port productivity
- K Line boosts China/SE Asia coverage
- AUD1.2m fine for Aust oil spill
|OCTOBER 17, 2011|
- Safe beats Street
Polys Hajioannou-led bulker owner says fleet expansion may be in the cards as third-quarter profit tops Wall Street estimates.
- Paragon sheds bulker
New York-listed owner offloads handymax in $14m transaction with mystery buyer.
- Century unmasked as buyer
Logistics syndicate puts pen to paper on deal to scoop products tanker from Exim Malaysia.
- Dolphin dives in
Atle Jacobsen-led seismic firm plots share sale to help fund $55m component of Sanco charter.
- South of England hits rocks
Provisional liquidators appointed after Bermuda regulator stops P&I mutual writing new or renewal business.
- NSCSA under fire
Insurer attempts to arrest Saudi owner's containerships amid allegations of damaged cargo.
- Early Christmas for North Sea
Anchor handler rates rocket into the stratosphere after passing the NOK 1m barrier last week.
- Ensco pens drill pact
UK offshore contractor poised to squeeze $350m out of newbuilding as drilling titans team up to take on US Gulf.
- Tallink powers ahead
Strong fourth quarter lifts Estonian ro-pax owner out of the red as passenger numbers hit new record.
- FOE dials back shot clock
Hyundai Heavy Industries blesses Fred Olsen Energy's request to postpone $615m drillship option.
- Bridge over troubled water
Lorentzen & Stemoco says owners should milk the present BDI high and secure period charters.
- Seanergy tests Baltic index
Dale Ploughman in the driver's seat as Nasdaq-listed bulker owner clinches capesize charter contract.
- Maersk grows VLCC fleet
Danish tanker owner has taken on long term bareboat two VLCCs delivering later this year.
|OCTOBER 17, 2011|
- Transplace buys IMC
- 'K' Line joins CNC China-SE Asia service
"K" Line said Friday it will join as a slot buyer in a service linking China with the Philippines and Indonesia. The Japanese line will join the China 1 service operated by CNC Line, the intra-Asia subsidiary of CMA CGM. The service has a rotation...
- MSC joins northbound Oceania/USEC service
Mediterranean Shipping Co. has joined the northbound leg of a service linking the Oceania region with the U.S. East Coast, according toAmerican Shipperaffiliate ComPair Data. The service is the Hamburg Süd and Maersk Line operated Oceania string, ...
- Salvage work continues on Rena
Salvage work continues onRenaSalvage work continues onRena A salvage crew continues to remove bunker fuel from the containershipRena , which went aground on Astrolabe Reef near Tauranga, New Zealand earlier this month. Government agency Maritime New...
- APL appoints North Asia regional head
APL has named Wong Siew Loong as regional president of its North Asia business. Wong has worked for 15 years at APL and will be responsible for the company's commercial activities in China, Japan and Korea. He will be based in Shanghai.He has hel...
- Rodriguez named Horizon eastern VP
Joe Rodriguez has been named vice president of sales and marketing for Horizon Line LLC's eastern region. Rodriguez will oversee all sales activity, pricing and marketing in the eastern half of the United States and Puerto Rico, reporting to Brian ...
- Ostenfeldt named Thome's managing director
Thome Ship Management has appointed Carsten Brix Ostenfeldt to managing director. He replaces Bjorn Hojgaard who has resigned from the group to pursue other interests, the Singapore-based third-party ship management company said. Ostenfeldt spent t...
- Transplace buys intermodal logistics firm
Non-asset based logistics provider Transplace on Thursday announced it has acquired Chicago-based intermodal marketing company Celtic International to increase its capabilities in the growing intermodal market.Privately held Transplace said the co...
- Corcoran joins ContainerPort Group
Cleveland-based ContainerPort Group said last week that Daniel Corcoran has joined the company as regional vice president for the West, where he will be responsible for the Chicago, Indianapolis, St. Louis, and Kansas City operations. Corcoran was ...
- Hines named VP at Zonar
Zonar, a Seattle-based firm specializing in compliance and fleet efficiency information technology applications for the trucking industry, has appointed Chris Hines to executive vice president. Prior to this appointment, he was president and chief ...
|OCTOBER 17, 2011|
- SEAat welcomes new member
Oceanox is focused on developing post-combustion exhaust gas cleaning for ships.
- Spill in Tacoma waterway contained
Environmental damage minimised because the vessel placed booms around the vessel during the fuel transfer.
- Fuel oil prices firm in Fujairah
The Engen refinery in Durban is shut for maintenance until the end of November 2011.
- Bunker markets continue to firm
In Gibraltar, MGO prices climb $30.
- 'On-spec' cargo expected to head to Singapore
Players say destination suggests Middle East product tightness is easing.
- Charterer under pressure to contribute to clean-up costs
Transport Minister encourages MSC 'to think very carefully about their financial contribution'.
- Japan reports fall in bunker sales
Dip follows three months of growth.
- No bunker operations in Piraeus
"No bunkers can be delivered or supplied," player tells Bunkerworld.
- NOL says MGO switch is 'complete'
All its vessels using distillate product while at berth in Singapore
- Asian bunker prices rising as week starts
Supplies in Singapore still 'a bit tight,' says traders.
- Fishing for shipping capital
A personal response to the Capital Link Forum.
- Puerto Rico's new port fee faces legal complaints
Companies including Harbor Bunkering, Crowley Marine and Horizon Lines filing lawsuit against Puerto Rico Port Authority.
- Saudi tanker firm posts 76% plunge in profits
Amid a backdrop of weak freight rates and rising costs of bunker fuels.
- 380 cSt avails easing in Hong Kong
Replenishment cargoes from Sinopec and Chevron arrived at the port over the weekend.
- More oil could leak from stranded vessel
Pumping operations underway but 'long way' to go before the completion of the operation, says New Zealand's Transport Minister.