|APRIL 19, 2011|
- Singamas may raise container prices by 11%
Singamas Container Holdings Ltd, the second-biggest maker of shipping boxes, may increase prices 11 per cent this year after steel costs rose and the Japan tsunami exacerbated a global shortage of cargo boxes.
- Fire knocks out power to cruise ship
A generator fire knocked out power to the ship of a newly started Mexico-based cruise line, stranding the vessel off the southern Pacific coast and forcing the evacuation of 515 passengers on Saturday, Oaxaca state authorities said.
- Pirates promise to release Indonesian hostages
Somalian pirates promised yesterday that they would release all Indonesian hostages after they receive US$3 million in ransom, a pirate said in a phone interview with local Metro television.
|APRIL 19, 2011|
- BIMCO president rages over pirates kidnapping and murder
- Fifty countries participate in UAE counter-piracy conference
- Long Beach port chief Richard Steinke steps down on September 30
- New steel trading markets to boost logistics in Dongguan
- Spot rates 15/4: Shanghai-LA, US$890/TEU - Shanghai-N Europe, $963/TEU
- Singapore tests its readiness to deal with major chemical spill
- APL: Volumes surge, but overcapacity threatens booming intra-Asia trade
- Non-American forwarders protest FMC discrimination in easing rules
- ANA sees 18th month of international cargo volume growth
- Kuehne + Nagel opens Airbus base for its entire logistics chain
- Lenders okay troubled Transmile's rescue rescheduling package
|APRIL 19, 2011|
- Attacks off Somali coast drive piracy to record high, reports IMB
- CKYH runs second Asia-Europe loop with ten 8,200-10,000-TEUers
- Drewry report foresees losses for container lines in 2011
- Evergreen, Zim, CSCL offer Far East-North Europe loop from April 24
- GE Shipping sells 3 VLCCs under construction
- Hanjin, Cosco put bigger ships on FE-USEC-Suez loop from April 24
- Japanese to begin radiation checks on ships at ports near Tokyo
- Jumbo Shipping makes light work of heavy lifts in Gujarat-Page 10
- m.v. Fairplayer discharges three reactors at Vadinar
- m.v. Stellaprima plays pivotal role
- Panalpina opens Ahmedabad branch
- Precision planning by Jumbo Shipping facilitates timely loading of 5 heavy lifts at Hazira
- Qinhuangdao, Osaka, Busan short sea service opens
- UASC joins big league with nine 13,000-TEUers
- Zim revamps Pacific leg of ZCS service to focus on North-East Asia
- Chairman highlights MPT's significant contribution to Goa's economy
- Full rake load handled in just 10 minutes at VCT
- Le Havre port takes major step in implementation of port reform
- Port of Antwerp gets off to excellent start in first quarter
- BCHAA's Terms of Payment training programme appreciated
- Exim Clubs seminar on revised Cenvat credit this Friday
|APRIL 18, 2011|
- AELS recycles aircraft for EADS EFW
Aircraft End-of-Life Solutions (AELS), a Dutch company that develops and executes end-of-life strategies for the aerospace industry, has announced a new project to disassemble and ...
- AWT Group to forward goods via AWT Cechofracht a.s.a.s.
All forwarding and logistic services of the AWT Group are going to be provided through AWT Cechofracht a.s.a.s. According to the AWT Group's strategic plan, one of the most valued ...
- AFRAA calls on governments to support African airlines
Growing competition and the uncontrolled granting of market access in Africa by some governments is putting untold pressure on local airlines, some of which are undercapitalized, p...
- FedEx: plans for deep freeze recharge point in Delhi
The US integrator FedEx plans to establish a deep freeze shipping recharge point in Delhi (India) for shipping temperature-sensitive products around the world. Deployment of the ne...
- USA: work can begin on rebuilding Chadron railroads
The city of Chadron and the Nebraska Northwest Railroad will soon begin rebuilding its tracks and rail yard thanks to an agreement with the US Department of Transportation (DOT) fo...
- MAN Truck & Bus strengthening sales structure in Europe
MAN and Pon Holdings have signed a contractual agreement dissolving the jointly-owned company they founded in 2007 to offer truck and bus sales and service. The agreement is subjec...
- Southampton/UK: rail upgrade complete
Bigger freight trains have started full operations between Southampton and the West Midlands (both UK), following the completion of a multi-million pound rail upgrade. The scheme a...
- ELVIS pallet clearing system functions successfully
The European cargo network E.L.V.I.S. AG recently launched a web-based pallet clearing system with 43 regions. Every month the regional partner BTK Befrachtungs- und Transport...
- Greencarrier establishes strong UK foothold with acquisition of PTS
The Sweden-based enterprise Greencarrier, which has in recent years expanded substantially within the Nordic countries and the Baltic states, has now established a permanent presen...
- Port cities investigate how to make maximum use of renewable energy
The use of renewable energy in all sorts of industrial processes is undoubtedly the challenge of the 21st century. Port cities too are confronted with this challenge, as the indust...
- Shipowners call for action against piracy and for RIF register
The French shipowners' association called for the state to take more vigorous action against piracy and said it was in favour of the second national registry - Registre Internation...
- Dockwise selling its "Explorer" to optimize fleet
Dockwise Ltd, a marine contractor that provides transport services to the offshore, onshore, and yachting industries, as well as installation services for extremely heavy offshore ...
- Kenco Management Services: new senior director
Kenco, a Chattanooga TN (USA)-based provider of logistics, transportation, real estate services and material handling equipment, has announced the executive promotion of Jason Ming...
- Loxx swaps partner in Piedmont region
The German logistics service provider Loxx changed its partner in the Piedmont region of Italy, with effect from 1 April. The move is designed to improve distribution performance a...
- Fiata World Congress 2011 taking place in Cairo in October
Fiata recently announced that the Fiata World Congress 2011 will take place in Cairo (Egypt). The new date of the congress will be from 16-21 October 2011. The congress venue is J ...
- Cargo-Partner investing EUR 21.5 million in Slovakia
The Austria-based global transport and logistics company Cargo-Partner is building a logistics centre in Dunajska Streda (Slovakia). The first phase - a 7,300 sqm warehouse - out o...
|APRIL 18, 2011|
- Propeller Club names executive VP
- Continental Maritime awarded Navy contract
- Pirates release ship but keep seven crew members hostage
- Crowley adds new boxes to equipment fleet
- Generator fire forces cruise ship evacuation
- Keppel FELS wind turbine installation vessel finds work
|APRIL 18, 2011|
- Corps completes initial cleanup of World War II munitions near Pier 91
- General Dynamics NASSCO launches new T-AKE vessel
- Port association schedules infrastructure investment seminar
- Port of Vancouver, BC sees first cruise ship of 2011
- Crowley Maritime adding 500 new containers to fleet
|APRIL 18, 2011|
- Pertamina orders its first VLGC
Offshoot of Indonesia's state energy group tenders for newbuilding in apparent move into ownership within sector
- Panamax prices slide $3m as rates remain low
Bulkers over 15 years of age appear to be suffering the most - with prices dropping by as much as $3.5m in just five weeks
- Maersk Tankers pays $105m apiece for VLCC resales
A price tag of $105m each has emerged as the value paid by Maersk Tankers for three very large crude carrier newbuildings previously under construction for India's Great Eastern Shipping
- Pakistan steals limelight as Bangladesh stays cautious
Bangladeshi breakers are back in business - but the reopening of Chittagong yards has, as yet, failed to have much impact on price and demand
- Qatargas will send extra LNG supplies to aid Japan
Qatargas has said it will supply more than 60 additional cargoes of liquefied natural gas to Japan
- DryShips orders capesize pair at SWS for $108m
Chinese yard to build vessels, due to be delivered in third and fourth quarters of 2012
- Marinakis inks order with HHI for up to 10 boxships
With options, series could prove largest yet in wave of Greek boxship investments
- Smaller boxships dominate new orders
Majority of deals pencilled for smaller vessels of around 1,800 teu
- Shouldering box costs
With lines engaged in their habitual cut-throat rates competition, it will be difficult to pass on increased equipment costs to the punters
- Judging rates
Ocean carriers and their US customers are in a quandary about how to price transpacific ocean transport services over the coming year
- European Navigation orders two shuttle tankers
Places $187m order for pair at STX for Petrobras project
- Kuehne + Nagel sees further growth
Revenues and profits rise as it continues to win market share in its key sea and air freight markets
- DP World offloads P&O Trans Australia shares
Sells remainder of its shares in company to Qube Logistics
- John Nelson to take helm at Lloyd's
Banking veteran to replace Lord Levene's in October
- TBS secures six-month reprieve
Agrees set of covenant modifications with lenders that will keep company in operations
- US box exports to northeast Asia poised for upturn
Outlook bullish on Japan demand and stronger yuan could see 13% growth in 2011
- Glencore shipowning arm seeks to join Intertanko
Move comes as global trading companies look to strengthen their influence in shipping
- Siemens places second platform order at Nordic Yards
Shipbuilder to start construction of offshore platform in May
- Anti-piracy fund set to run out of cash
Shipping industry called on to provide up to $20m to fight piracy onshore
- Rickmers upbeat on medium-term box prospects
First-quarter profit soars 72% to $9.3m
- Scrubber use set to rise
Shipowners to turn to scrubbing technology as sector faces dearth of low-sulphur fuel oil
- Eurotunnel revenues rise 24%
Higher volumes and GBRf integration lift first-quarter revenues to $256.2m
- China snubs Norshipping
Norwegian organisers blame Nobel peace prize award for China's withdrawal
- Time charter coverage keeps DHT in the black
Defies weak freight market and posts $4m net profit in first quarter of 2011
- CMA CGM signs two-year rail deal with DB Schenker at Southampton
Move to carry high cube boxes on conventional train wagons persuades French line to send more than 25,000 containers via UK port per year
- Japanese quake shifts choice of export hubs
Shimizu and Kobe seed rise in export container volumes to the US in the weeks following the disaster
- Washington aims to revive US waterways as traffic jams worsen
US freight tonnage, including exports, imports and domestic shipments, is expected to grow 73% by 2035 from 2008 levels
- Clowns to the left of me, jokers to the right...
Freight rate volatility can mean a shipper becomes a hero when they go down and equally it can lose him his job if they shoot up.
- Time to make over crew accommodation
Ship designers should put more thought into the location of seafarers' living quarters on board boxships to enable crew to enjoy a sea view
- Countdown to leasing rule change
Owners continue to protest the inclusion of time and voyage contracts on balance sheets, but could it protect investors from exposure to bankruptcies such as Korea Line?
|APRIL 18, 2011|
- Shipping groups warn of piracy escalation
GLOBAL shipping bodies sounded the alarm today over the detention of tanker crew members in retaliation for India's jailing of pirate suspects
- DryShips orders Cape pair
NASDAQ-listed DryShips has resumed expansion with two orders of Capesize drybulkers, a new SEC filing revealed
- DPW sells Oz logistics stake
DUBAI Ports World announced its latest Australian sale today after Qube Logistics agreed to buy its 50% stake in port logistics company P&O Trans Australia for A$106M ($112M)
- K+N gains market share
LEADING ocean freight forwarder Kuehne + Nagel increased the volume of container shipments under its management by 14% year on year in the first quarter, it said today
- Migrants rescued in Libya
ALMOST a thousand migrants were evacuated from the Libyan port of Misurata today on the ro-pax ferry Ionian Spirit
- Charleston dredging plan sparks threat
US SENATOR Lindsay Graham has threatened to block federal judicial nominations unless dredging is allowed at Charleston's port
- 748 evacuated off ship
A CRUISE ship is reportedly to be towed to Huatulco for repairs after a fire off Mexico forced 748 people to be evacuated
- TBS wins new waivers
NASDAQ-listed TBS International today secured yet another reprieve from its lenders after its restructuring fell short
- Breakers scrambling for tonnage edge
BREAKERS in Pakistan and India are grabbing tonnage, amid oversupply in Bangladesh and low prices in China
- Horizon ship arrested
APM TERMINALS has arrested Horizon Line's Horizon Challenger after a crane accident in Texas, court filings confirmed
- Tanzania offers offshore protection
TANZANIA'S government has ordered its navy to escort offshore vessels searching for oil and gas off its coast, IHS Global Insight reported today
- Antwerp shakes off recession blues
ANTWERP said today cargo throughput increased 12.7% in the first quarter year on year, to 47.37M tonnes
- Hutchison seeks Thai delay
THAILAND'S transport ministry is seeking cabinet approval to allow Hutchison Port Holdings to delay its completion of three terminals at Laem Chabang, Fairplay has been told
- Box carriers bleeding
BROKERS in Shanghai told Fairplay today that box carriers are already in the red and undercutting each other for cargo on Asia/Europe routes
- VLCCs lose wiggle room
VLCC owners are at charterers' mercy this week because softening bunker prices mean there's little room for manoeuvring
|APRIL 18, 2011|
- NVO Rate Arrangements Begin
April 18 is the first day on which shippers may enter into binding agreements for transporting their cargo under rates...
- DOT Stimulus Obligations Hit $45.5 Billion
Date: 0418 Keywords: infrastructure, economy, regulation, Washington, states DOT Stimulus Obligations Hit $45.5 Billion Some passenger rail grants from 2009 economic package still...
- Pirates Release Ship, Hold Crew
Somali pirates released the MV Asphalt Venture, a Panama-flag oil tanker, after almost seven months of captivity but later reneged...
- Diesel Climbs 2.7 Cents to $4.105 per Gallon
Diesel prices climbed 2.7 cents last week to a national retail average of $4.105 per gallon, according to the U.S....
- Truck Driver Pay Rising
Truck driver pay is heading up, with a 2.2 percent increase in February from January and a 4.6 percent increase...
- DOT Grants $6.8 Million to Pa. Short Lines
A group of small railroads in central Pennsylvania is receiving $6.8 million in federal grants for infrastructure upgrades to help...
- CaroTrans Opens Office in Chile
Ocean freight forwarder CaroTrans opened an office in Santiago, Chile, to support expansion in South America. The company...
- CMA CGM Hikes Rates Across Network
CMA CGM announced a range of rate increases and surcharges across its global liner network aimed at restoring revenue. ...
- Rickmers Net Income Soars 72 Percent
Rickmers Maritime Trust reported first quarter net income increased 72 percent from a year ago to $9.3 million, driven mainly...
- DOT Approves $418 Million Loan for Texas Turnpike
In one of its largest loans in months for infrastructure projects, the Department of Transportation OKd $418.4 million in long-term,...
- APM Terminals Buys Control of Black Sea Port
APM Terminals moved into the fast expanding Black Sea container market with the acquisition of a majority stake in Georgia's...
- Choptank Transport Expands in Southeast
Choptank Transport, an asset-based third-party logistics company in Preston, Md., opened a regional office in Atlanta, expanding its footprint in...
- London Heathrow Cargo Workers to Vote on Strike
Heathrow airport cargo workers are voting Monday on strike action in a dispute over the use of agency staff and...
- Big, Bigger, Biggest
To get a sense of the scale of the world's largest commercial container ships, it may help to stand in...
- DP World Sells Remaining Australian Logistics Stake
DP World is selling its remaining stake in container services company P&O Trans-Australia to co-shareholder Qube Logistics for $111 million. ...
- Kuehne + Nagel Profit Jumps 18 Percent
Kuehne + Nagel boosted first quarter net income almost 18 percent from a year ago as it gained market share...
- Japan Utility Unveils Nuclear Crisis Control Plan
Tokyo Electric Power Co., Japan's biggest electric utility, released a two-stage description of its plan for bringing the ongoing crisis...
- Vive la Diff'rence
It's early April and I'm writing this column as I wait for my flight home to Portland, Ore., after three...
- Shifting Lanes
The list of Top 50 Trucking Companies is a tale of three stories: parcel, truckload and less-than-truckload. The two parcel...
- UShip Opens to Brokers
Online marketplace uShip, which is doing for shipping what eBay did for sales, is moving deeper into the world of...
- Railroads Track Strong 1st Quarter
Expect North America's freight railroads to have plenty of good things to say about rail market trends when they report...
- Pricing Toward Panama
While ports on the North America's Pacific Coast are trying to bolster their positions in anticipation of the competitive changes...
- West Coast's Found Capacity
While East and Gulf coast ports deepen their harbors and expand container terminals to prepare for the mega-ships expected to...
- A Chemical Reaction
Transplace's purchase of SCO Logistics is aimed at bringing revenue, expanded services, new customers and new talent to the Dallas-based...
- Carrier Profits in Reverse
Shipping industry observers are raising alarms that the strong turnaround in container line profitability over the past year may be...
- Corruption in Purchasing
The Foreign Corrupt Practices Act imposes criminal and civil liability when companies make corrupt payments to foreign officials for the...
- Budget Cuts Cloud Funding
The late-night budget deal between President Obama and House Speaker John Boehner did not at first appear to make a...
- Bersin's Bid to Build Unity
The marriage of security and trade facilitation has been Alan Bersin's goal since he became commissioner of Customs and Border...
- Bordering on Change
U.S. Customs and Border Protection may have enhanced security with a slew of programs since 2001, but even the head...
- Railroads Look Longer
North America's trains are getting longer every year. That trend, which takes advantage of an engineering shift to improve railroad...
- Who Wants Mega-Trucks?
When mega-ships disgorge containers at U.S. ports, will mega-trucks haul them away? Trucking and shipping interests say heavier and perhaps...
- The Logistics Industry's Role in Global Commerce
Logistics and Advertising I read with great interest Barry Horowitz's March 28 column, "Logistics at Heart." As managing partner...
|APRIL 18, 2011|
- A risk business that hinders the growth of globalisation
We are told that nothing is certain but death and taxes, but notwithstanding Benjamin Franklin's 18th Century perceptive wisdom, a shipper with regular business between Shanghai and Felixstowe is entitled to some comfort of reasonable certainty on ocean freight charges six-months forward; rather than the two-month deal that has become the new normal
- French dockers make peace at last
- UAE conference on piracy kicks off
- Asia to USEC lords it over USWC route according to latest rate index
- DP World needs to be innovative
- BRICS call for more influence
|APRIL 18, 2011|
- D'Amato sheds two
Italian owner prepares to toss $50m into financial restructuring pot after offloading a bulker and a products tanker, brokers claim.
- Horizon owns up
New York-listed liner group watches stock plummet 10% after warning investors about APM Terminals allision.
- CMA CGM eyes Ivory Coast
French liner giant sends boxship trio to embattled West African nation as cocoa producers race to export tasty cash crop.
- Cantor plots DHT's course
Equity analyst says New York-listed tanker owner has the ammunition to support further ship acquisitions and expansion.
- Horizon ship in US seizure
Legal tabs mount as allision sparks battle between cash-strapped liner operator and Maersk terminal wing.
- Gazprom taps Songa rig
Russian energy giant coughs up $46m to take semi-submersible drilling rig from Arne Blystad's Songa Offshore.
- DryShips books two capes
George Economou-led owner pens its first dry-cargo newbuildings in over a year with $108m deal in China.
- TBS dodges default
Joseph Royce leads US-listed owner to big win at the bargaining table but rocky rates remain a threat to covenant compliance.
- Ransom breached
Industry bodies raise the alarm after pirates hold on to Indian crew despite freeing their ship following ransom payment.
- Pac Basin pins Japan boost
Hong Kong-listed owner reveals one of its vessels escaped tsunami in Onahama as it tips rebuilding work to spur demand in second half.
- Rickmers looking up
Singapore-listed trust says containership market will bounce back in the latter part of this year.
- DHT falls short of Street
Svein Moxnes Harfjeld-led tanker owner can't match market expectations despite return to the black in the first quarter.
- DP World bags sale cash
Emirates port giant collects over $110m after selling more Australian assets.
- Elka books shuttle tankers
Greek owner books up to four newbuildings in South Korea against long-term contracts with Petrobras.
- SCI snaps up bulker brace
Indian giant mops up two supramax resales from China's Grand Yard Investments.
- Marinakis pens boxships
Greek owner Evangelos Marinakis pens up to eight containerships at HHI in deal sure to spark IPO chat.
|APRIL 18, 2011|
- SAFE Port update introduced in Senate
New legislation submitted in the U.S. Senate on Thursday would reauthorize for five years several maritime security programs that are key components of U.S. Customs and Border Protection's layered strategy of using risk segmentation to focus limit...
- OWL makes promotions
Ocean World Lines, a Lake Success, N.Y.-based non-vessel-operating common carrier and subsidiary of Pacer International, has announced three new business development positions, effective immediately. Lynn Ocasio, formerly export manager, has become...
- JAL temporarily reduces capacity
Japan Airlines said it is reducing the frequency of flights on 11 routes in Asia and downsizing aircraft sizes on three other routes in response to a drop in travel demand associated with last month's massive earthquake and tsunami disasters. Japan...
- ANL starts China/Papua New Guinea service
ANL, a subsidiary of French liner carrier CMA CGM, has started a service connecting China, Australia and the Papua New Guinea. The NAPX service has a rotation of Hong Kong, Shanghai, Rabaul, Lae, Port Moresby, Brisbane, Port Moresby, Lae, Mandang, ...
- Wan Hai joins COSCO-KTMC intra-Asia loop
Liner carrier Wan Hai has joined an intra-Asia loop operated by COSCO Container Lines and KTMC as an operator, according to American Shipper affiliate ComPair Data. The CSE service has a rotation of Shanghai, Dalian, Xingang, Qingdao, Ningbo, Manil...
- Grand China plans rapid transpacific growth
Grand China Shipping, the latest shipping company to enter the transpacific trade, has plans to expand rapidly over the next 18 months. The containershipRed Strengthdeparted Shanghai last week and is scheduled to arrive on April 26 at Total Termina...
- Senate approves Cordero, Dye to FMC
The U.S. Senate Thursday confirmed President Obama's nominations of Rebecca F. Dye and Mario Cordero as Federal Maritime Commissioners. They will be sworn in within the next several weeks. It's the first time the FMC has had all five commissioner...
- Maritime security programs
|APRIL 18, 2011|
- Fujairah market firms
Some suppliers reported insufficient products and barges for prompt dates.
- Rotterdam bunker market firms
LS products were tight in ARA region, according to reports.
- 'Chicken and egg' conundrum for LNG bunkers development
Owners wary of investing in new fuel systems due to lack of infrastructure while supply-side wants to see evidence of demand.
- New trader for Global Vision
Jessie Ng joins Singapore team 'fresh from another international bunker trading house.'
- Credit will become 'key issue' as bunker costs rise
IBIA Chief Executive warns that buyers may find credit increasingly difficult to find.
- Week opens with mixed bunker prices
Demand 'mixed' at Asia's main bunkering ports on Monday, traders say.
- Bunker file 'crash' further delays Berlian Laju 2010 result
Re-inputting 'all 2010 transactions' relating to bunker consumption; plans to release results within eight weeks.
- Player calls for 'pressure' to improve bunker sector
Nigerian bunker player says government is giving 'little or no attention' to the marine fuel sector.
- Dry bulk shipping industry needs 'game changer'
Poorly built vessels spend more on bunkers than better quality vessels, says Pacific Basin CEO.
- Bominflot welcomes new bunker trader
Larry Fu Kim Po 'brings new perspective in bunker sales', says Bominflot Group.
- Oil spill from collision between tankers 'under control'
One of the tankers has leaked an estimated 2,000 litres of light diesel oil.
- Bunker delivery delays at Taiwanese port 'easing'
Only four out of five bunker barges in operation due to manpower shortage, says company source.