|SEPTEMBER 19, 2011|
- Baltic index down for first time in a week
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for the first time in a week last Thursday as a rally seen in recent days ran out of steam due to weaker sentiment and slower cargo business.
|SEPTEMBER 19, 2011|
- Asia-Europe rates below US$800/TEU as all major trade rates plummet
- Glimmer in the gloom: US consumer confidence index rises from 55.7 to 57.8
- Attempts to sell TUI stake in Hapag-Lloyd fail, IPO more than a year away
- SITC, China's big private logistics firm, posts 10pc box volume increase
- Judge finds ILWU dockers in contempt over blocking grain train near Tacoma
- Horizon Lines achieves refinancing deal with US$25 million bridge loan
- Chennai dockers stage wildcat strike after container truck kills worker
- US containerised imports to suffer from flat August retail sales
- Tianjin strikes deal to open Xian inland port and logistics base
- South west China's first giant medical logistics centre built in Kunming
- Guangxi recorded 24pc growth in half-year trade cargo volume
- APL to impose US$400/FEU peak season surcharge on India to US-Canada boxes
- MSC to tranship UK, north Europe boxes via Gioia Tauro to Oz, Indian Ocean
- Hainan PO Shipping boosts intra-Asia CSV service
- Fears of job losses, closures if Manila box terminal hikes get nod
- India's trade deficit to increase if export growth slows: New Delhi
- Qantas braces for air freight, baggage handler strike on Tuesday
- US Federal Aviation Administration wins four-month reprieve as bill passes
- SIA Cargo adds Singapore-Jakarta freighter service, ups frequencies
- TIACA protests EU carbon emissions trading scheme as unfair tax levy
- Missouri senators cool on China hub, withdraw air logistics tax breaks
|SEPTEMBER 19, 2011|
- Ageing fleet blamed for DCI's dismal showing
- NACFS seminar on opportunities & challenges for CFSs/ICDs on Sept. 22
- Oversupply bane in dry bulk market
- Port Tracker projects decline in North Europe container volumes in 2012
- Coffee exports climb 15.9 pc in 9 months
- India, UAE ink pact on workers' welfare
- Five firms shortlisted for 200-cr. Cochin Port liquid terminal
- Goa's ports record highest iron ore export volume in 2010-11
- ITL sets record for highest coal discharge at VPT
- JNPT conferred national award for implementing Hindi
- Pipavav's ability to offer infra behind selection: Nikhil Gandhi
- AAI's South cargo handling rises 21 pc
- Thar Dry Port opens PPQS, clearance facility
- Upgradation in rail infrastructure a must for Felixstowe: KPMG
- Foreign borrowings at $12 bn in April-July on low interest rates
- Govt envisages 50k cr. pvt. investment in highways
- Govt may introduce new Cos Bill in winter session
- Industry leaders spurn Companies Bill, term it overregulation
- Industry peeved as RBI hikes rates yet again
- SEZ developers get respite following Legal Dept's view on stake sale objections
- State seeks to attract $ 500 bn investment by 2016
- Sugar mills for extension of export permits
- Urgent policy measures needed to put economy back on track: Fieo
- US Commercial Consul visits Gandhidham Chamber
- Magdenli, Turkey, handles heavy & outsized components for two windmill projects
- Nurminen Logistics delivers tanks to Belarus
|SEPTEMBER 16, 2011|
- Number of cargo flights increases in Atlanta
Despite a tough economy, Hartsfield-Jackson Atlanta international airport continues to expand its air cargo reach and capacity. Weekly cargo flights increased by more than 40% from...
- Sovkomflot postpones floatation
The Russian state shipping company Sovkomflot is postponing its IPO at the London stock exchange planned for the autumn. According to Sovkomflot board chairman Sergey Naryshkin, th...
- DKV launches new service for drivers in Spain
DKV Euro Service, one of the leading service providers to the logistics and transport industry for 75 years, has been reclaiming the Spanish tax on fuel for registered customers an...
- New Kombiverkehr timetable for Germany-Poland route
Kombiverkehr has a new timetable for its Germany-Poland route, with three departures per week in each direction. The company will also serve the Poznan HUB terminal, which is new t...
- Cargoitalia reviews sales posts
Italy's all-cargo carrier Cargoitalia has appointed Molocon Logistics Consulting - a specialist aviation marketing consultancy based in Germany - to conduct a full review of its sy...
- Sichuan Airlines starts flying to Ho Chi Minh City
China's Sichuan Airlines yesterday launched its Nanning-Ho Chi Minh City (Vietnam) service. The twice-weekly flight was due to be launched on 23 June, but was postponed.
- Production trebled, turnover doubled
Schmitz Cargobull overcame the crisis in the trailer market in financial 2010/2011, exceeding its original forecast of 18,000 vehicles for the year by more than 100% and producing ...
- Russian Railways increases revenues by 18%
The Russian Railways holding's revenues in 2010 rose by 18% to RUB 1,334 billion (about EUR 32 billion). The relative increase in revenue was largely the result of the poor perform...
- Panama Canal and port of Corpus Christi sign agreement
The Panama Canal Authority recently joined the port of Corpus Christi in celebrating the port's 85th anniversary and signed a memorandum of understanding to cooperate on promoting ...
- Marco Sorgetti new Fiata director general
Marco Sorgetti is to become the new director general of the world freight forwarders' association Fiata on 1 January 2012. At the Fiata World Congress (16-21 October) in Cairo, Sor...
- Swissport appoints new management team for Brussels
Swissport International, one of the world's leading providers of ground services to the aviation sector, has appointed a new management team to run ground handling operations at Br...
- ShipServ wins new German client as Nordic Hamburg signs up to TradeNet
ShipServ, a leading marine and offshore e-marketplace, has won a further endorsement from the German shipping community with the signing of Nordic Hamburg Shipmanagement to its Tra...
- UPS expands airfreight hub for USD 200 million
Exactly 25 years after starting operations at Cologne Bonn Airport, UPS has announced plans to significantly expand the European air hub. The expansion project, which is to be comp...
- New direct LCL service form Shanghai to Poland
Kuehne + Nagel Poland recently opened a new, weekly import LCL service between Shanghai (China) and Wroclaw (Poland) in order to develop a fast and frequent relation between southe...
- Agility obtains GDP certification for pharmaceutical firms
Agility, a leading global logistics provider, has obtained the Good Distribution Practice (GDP) certification for its pharmaceutical competence center (PCC) in Switzerland. The cer...
- HHLA donation to port museum in action
Port handling and historic lorries are on the agenda of the Hamburg port museum on 17/18 September, when anyone interested in the port can experience a former traction engine of HH...
|SEPTEMBER 16, 2011|
- Salazar names Bromwich and Beaudreau to lead new offshore bureaus
- New York offshore wind collaborative files lease application with BOEMRE
- Uljanik Shipyard delivers dredge to Jan De Nul
- Fairplay now largest towage provider in Polish ports
- Hyundai Heavy says it is not planning shipyard in Nigeria
- Imtech acquires Canada's Groupe Techsol Marine
|SEPTEMBER 16, 2011|
- Oregon governor inks MOU with Korean trade association
- US rail freight shipments slow down during week
- Best Buy names APL top carrier for year
- IMO working group offers guidance on security against Somali pirates
- Hanjin Shipping inks deal to transport KOSPO coal
|SEPTEMBER 16, 2011|
- Rand Logistics prices follow-on issue
Great Lakes operator could raise up to $18m to aid acquisition of two bulkers
- South Africa ports regulator quashes tariff rumours
Any research into tariff methodology has to include all partes in the maritime industry and not just NPA, says Riad Khan
- Maersk's daily dose of revolution
Will the prospect of reliable supply chain scheduling and money back guarantees force other box carriers to follow suit?
- Careful about what you carry
Onboard fires and explosions are on the rise; have crew become too distanced from their cargo?
- Tough decisions ahead for suezmax owners
Hold for higher rates or fix now before slump
- Petrobras locks in four suezmaxes for three years
Brazilian oil major charters tonnage at market levels of around $21,000 per day
- Capesize charge losing momentum
Rates still firm but march higher has stopped for now amid strong selling pressure in FFA market
- Why it was assumed that Ofer Group owned TPM?
US has removed sanctions against the Israeli firm it imposed for the actions of its manager
- Stena Line set to cut jobs, warns Nautilus International
Dumfries and Galloway MP pledges to 'fight' any job losses
- IM Skaugen wins battle to get last Wintergas vessel
Chinese trading company accused of fraud after withholding vessel and tax rebates
- Floating LNG production builds momentum
Flex LNG, Shell and GDF Suez are among the players driving this young sector forward
- Exporters turned importers drive new LNG demand
New importers boost LNG demand growth, supporting businesses such as Flex LNG
- IMO asks coastal states to "facilitate" armed guards
Responsibility stays with flag state
- Cargo hubs could be among 'rising stars' of Greek revival
New McKinsey study says action needs to be taken if ports are to live up to potential
- Arrested tanker pair sold in Singapore
Epoxy-coated handysize tankers fetch close to $20m each
- Dockwise to use Dutch forces for Indian Ocean transit
Mighty Servant 3 at risk of attack from pirates
- Lürssen bids for Blohm+Voss yards
B+V parent ThyssenKrupp has 'considerable doubts' about deal but says it will assess offer
- Hopes increase of delay to low-sulphur enforcement
Finland, Estonia and Sweden raising questions on impact of 0.1% SOx emission limit
- RS Platou wants to go public next year
Two earlier IPOs were cancelled due to horrid stock market conditions
- Fairplay buys WUZ Gdynia
Deal makes Hamburg-based operator the biggest provider of Polish ports' towage services
- Yangshan port bonded storage to increase fourfold in 2012
Move in Shanghai free trade zone will boost copper and aluminium futures trading
- Africa fever
Even Maersk is joining in the feeding frenzy for African trades
- Holding on to your SOx
UK, Swedish and Finnish governments start to listen to industry concerns on low sulphur fuel use
- Japan buys more LNG from Chevron's Wheatstone project in Australia
Kyushu Electric inks deal for 700,000 tonnes per year
- Bulk carriers to benefit from higher thermal coal imports into China
Move to boost demand for panamaxes and supramaxes
- Peak season surcharge boost lost on transpacific
Freight rates down three-quarters since mid-August to $1,633 per feu
- Ta-Tong Marine sells oldest supramax for $22.3m
Price is level with for similar vessel sold in May, implying steady asset values
- Lloyd's Register looks offshore for international expansion
New chairman Thomas Thune Andersen seeks transnational role for class society
- Fitch notes Hutchison Whampoa's stable cash flow
Long-term foreign currency issuer default rating affirmed at A-
- Hong Kong box traffic up 3.2% in August
World's third largest port lags growth rate of Shanghai and Singapore
|SEPTEMBER 16, 2011|
- UK cuts would save $0.5M
THE MCA told Fairplay today that disbanding the Maritime Incident Response Group would save the UK government £340,000 ($535,000) per year
- Venezuela, China sign iron ore loans
VENEZUELA'S government has signed three co-operation agreements with China worth $522M to boost iron ore production in Bolivar State, IHS Global Insight reported today
- Indonesian copper strike snarls Amamapare's port
PORT workers and pilot captains at the Indonesian port of Amamapare have reportedly begun a month-long strike that threatens millions of tonnes of copper cargoes
- Bridgestone guilty of price fixing
JAPAN'S marine hose maker Bridgestone said today it had been ordered to pay $28M as part of a guilty plea bargain in a US price fixing case
- OOCL renews UK intermodal deal
HONG KONG's shipping line Orient Overseas Container Line and UK intermodal operator Freightliner have renewed their 10-year agreement
- UN rebuked over piracy
THE Asian Shipowners' Forum slammed the UN today for failing to suppress Somali pirates
- Slash of UK safety response group attacked
THE UK government's move to cut off funding for the Maritime Incident Response Group was attacked today by a marine safety expert
- Moody's grades down NYK and MOL
MOODY'S graded down its outlook today on Japanese shipping giants NYK and MOL, from stable to negative
- ITF urges charter ban approach to combat piracy
NO SHIP from any flag state refusing military security coverage should be chartered, the ITF's chief has told a piracy conference
- Indonesian coal cargoes boost Supramaxes
DEMAND for Indonesian coal exports pushed Supramax rates up and led brokers to claim the Baltic Exchange's average rates are underrated
- Ore stockpiles push down Capesize rates
CAPESIZE rates dropped for the first time in seven trading days, as high iron ore stockpiles in China reduced spot demand
- VLCC spot rates scrape bottom
VLCC SPOT rates on the benchmark Persian Gulf/Japan route hit a record low yesterday when Samco Amazon was reportedly fixed at Worldscale 42, with earnings of $1,000 per day
|SEPTEMBER 16, 2011|
- YRC Worldwide Stock Plummets 77 Percent
YRC Worldwide's stock plunged 77 percent Friday to 7 cents a share ' its lowest price ever ' after shareholders...
- Norquist Says Transportation Dollars Go to Cronies
Politicians promising to spend tax money for roads and bridges will use the dollars to line the pockets of their...
- Gartner Forecasts Decline in Chip Shipments
The Gartner research group lowered its forecast for semiconductor shipments in 2011, saying sales of the chips that are the...
- Terminal Truck Maker Expands Distribution Network
Terminal truck manufacturer Capacity of Texas is expanding its own distribution capacity, adding 13 new dealers in the U.S., the...
- Tropical Shipping Sets Peak Surcharge
Tropical Shipping said Friday it will implement a planned peak surcharge on container shipments from the U.S. and Canada to...
- YRC Shareholders Approve Restructuring
YRC Worldwide shareholders overwhelmingly approved the last step in the trucking giant's financial restructuring plan Friday, voting in favor of...
- Consumer Sentiment Rises, Still at Recession Levels
U.S. consumer sentiment edged up early this month but remains at recession levels, according to the monthly Reuters/University of Michigan...
- BNSF's Rose Calls For Major Infrastructure Spending
Striking a cord of urgency, BNSF Railway Chairman and CEO Matthew Rose called for a coordinated and massive investment in...
- UPS Invests $200 Million at Cologne/Bonn Hub
UPS's $200 million investment at Cologne/Bonn Airport will upgrade and expand its European hub's handling ability by nearly three-quarters. ...
- SIA Cargo Begins Indonesia-Singapore Service
Singapore Airlines added a weekly 747-400 freighter service between Singapore and Indonesia, as the carrier targets the latter's exports of...
- Maersk Drives Growth at China's Guangzhou
The Port of Guangzhou's cargo traffic in the first seven months of the year rose 16 percent year-over-year, as the...
- Maersk Restructures Asia-Mediterranean Service
Maersk Line is restructuring its Asia-Mediterranean service network, effective mid-September, enhancing port coverage and reducing transit times on the route....
- Panama Pilots Affiliate With ILWU
The 250-member Panama Canal Pilots Union will affiliate with the International Longshore and Warehouse Union, extending the reach of the...
- Seeds of Growth
Bob Sinner's family has been growing wheat in North Dakota's Red River Valley for five generations, first, for the ever-expanding...
- Panalpina To Lease Two 747-8 Freighters
Panalpina will lease two 747-8 freighters from U.S.-based Atlas Air to meet increasing demand for capacity in the healthcare, high-tech,...
- Judge Finds ILWU in Contempt
A federal court judge in Tacoma Thursday found the International Longshore and Warehouse Union in contempt of court for vandalizing...
- Dredging in the Doldrums
Much of what it will take for the Port of Jacksonville to realize its goal of becoming a top East...
- Deutsche Post Invests $1 Billion in Parcel Service
Deutsche Post DHL will invest $1 billion in its domestic German parcel delivery service to keep pace with surging online...
- YRC Worldwide Says Directors Took Pay Cut
Trucking giant YRC Worldwide disputed claims that members of its new board of directors will be paid more than members...
- Senate Passes FAA, Highway Extension
The Senate late Thursday avoided a shutdown of the Federal Aviation Administration on Friday by passing a "clean" bill to...
|SEPTEMBER 16, 2011|
- Sale of Hapag-Lloyd falls through
- Shippers bare their soul over 'Daily Maersk'
- WCI's index for transpac backhaul 'could lead to more bulk conversions to containers'
- LA/LB imports plunge for August
- Antwerp plans for more expansion
|SEPTEMBER 16, 2011|
- Taxman hits Alang
Indian authorities have seized a panamax bulker at the Alang shipbreaking complex over allegations of customs fraud.
- Croat yard wins $18m deal
Crane ship to be converted into a pipelaying vessel in Croatian yard of Viktor Lenac.
- China opens up
Ministry of transport says overseas shipowners will now be allowed to set up service companies directly.
- Sekwang pair sold off
Seized chemical tankers snapped up by Indonesian buyer following Singapore arrest, brokers say.
- Begonia goes to HK buyer
Capesize bulker finally leaves Korea Line Corp subject to court's rubber stamp, brokers say.
- Cut-throat killer for yards
Shipyard casualties are inevitable despite utilisation sitting at highest point for a decade, L&S says.
- Jaisu rating cut
Indian tanker and dredger owner's debt downgraded after it loses contract with port of Cochin.
- Oriana return delayed
P&O says three cruises cancelled as vessel refit taking longer than expected.
- BOC downs Chinese duo
European Economic fears and concerns letters of credit will be shunned see CSCL and Cosco labelled a sell.
- Nordlys back from brink
Salvor Smit confident capsize threat is over after it further reduces list on Hurtigruten ferry.
|SEPTEMBER 16, 2011|
- European Transportation
European cities promote inland waterwayPoliticians from European cities Brussels, Berlin, Budapest, Paris and Vienna plan to sign a charter on Friday to "step up the dialogue with the inland ports authorities and take the necessary decisions in vie...
- Washington Notebook
- 'conveyor belt-like'
- OOCL, Freightliner renew U.K. intermodal deal
OOCL and Freightliner said Thursday they have renewed a 10-year strategic partnership to provide OOCL customers with U.K. intermodal services. Under the new contract, OOCL has committed to increase capacity by 50 percent, with daily wagons being l...
- Laker cargo up nearly 4% in August
U.S.-flag Great Lakes freighters carried 10.4 million tons of dry bulk cargo in August, 3.7 percent more than in August 2010. Iron ore volume was 4.8 million tons, up 8 percent; limestone was 2.9 million tons, up almost 21 percent; and coal was 2.2...
- ESC: Maersk thinks like customers
The European Shippers' Council welcomed Maersk Line's announcement earlier this week of adaily time-definite service between Asia and northern Europe , as well as a scale of penalties applying to shippers in case of a container "no-show" and to th...
- Changes on APL Central, South America loop
Liner carrier APL has expanded the rotation and changed the name of a service connecting Central America and the West Coast of South America, according to American Shipper affiliate ComPair Data. The line's service formerly known as PX2 has changed...
- Nordana reintroduces Libya calls
Nordana said it will reintroduce regular service into Libya. The carrier said it operated the only regular direct roll-on/roll-off service from the U.S. Gulf and East coasts into Libya until unrest forced the temporary suspension of services in Feb...
- UPS plans to expand Europe Air hub
UPS said it will spend about $200 million to expand its hub at the Cologne-Bonn Airport in Germany. The project, to be completed by the end of 2013, would equip the existing facility with new technology and expand the existing building. Package so...
- Alternative aviation fuels sought
The U.S. Federal Aviation Administration and Australia's Department of Resources, Energy and Tourism have reached a memorandum of understanding to continue research and development of clean, sustainable alternative aviation fuels. "Air travel is g...
|SEPTEMBER 18, 2011|
- Bunker prices firm as week ends
Crude futures settled at its lowest this week.
- World Fuel Services CEO stock trading plan announced
Stebbins may sell a maximum of 150,000 shares, which represents approximately 20% of his holdings.
- Corvus Energy joins Aquarius project
Company stated that conservative estimates suggest that the system will reduce operational costs by up to 20%.
- Middle East markets see prices climb
In Durban, deliveries were available for supply up to and including September 30.
- RBS in new loan to Marco Polo Seatrade
'Financing is being provided on a fully consensual basis,' says shipowner.
- European bunker markets firm
Hamburg busy as buyers fearing more price rises.
- The story of the Revolution Container Company
A satirical look at how necessity drove ships to become bigger, stronger, safer and super.
- Ship arrested over unpaid fuel bills
Reports say bunker supplier is pursuing $599,000 claim.
- External: Global Vision Bunkers B.V.
- Report reopens attacks on Gibraltar's bunker sector
Observers say crticisms are 'routine'.
- Finland calls for ECA delay
'We are talking about flexibility in the execution schedule,' says Environment Minister.
- Asian bunker prices surging as week closes
Demand mixed and avails generally ample on Friday.
- Saudi Aramco sells second 180 cSt cargo at record high premiums
Tight supplies of on-specification cargoes expected to ease next month.
- China's fuel oil imports to weaken in September
Weak demand from bunker players due to ample stockpiles.
- Chemoil enters agreement to sell US-based JV firm for $21 million
Offering 50% of IPC USA to Itochu Corporation in conditional stock purchase agreement.
- Vietnam's Petrolimex now offering ISO 8217:2005 bunkers
Company using Optima 7000 DV ICP-OES spectrometer system to ensure ISO 8217:2005 bunker specification.