|OCTOBER 19, 2011|
- SingTel service lets ship crew call home
SHIP crew members might have gone to sea, but they will not have to feel all out at sea as acutely as before now that SingTel has launched a broadband service catered to them.
- LPG tanker rates hit new highs
Record liquefied petroleum gas (LPG) shipments are eroding a glut of the tankers hauling the fuel, driving charter rates to the highest ever at a time when most other ships are losing money.
- Vital role still for seafarer centres
A COUPLE of weeks ago, the Maritime and Port Authority of Singapore (MPA), the Singapore Maritime Officers' Union (SMOU) and the Singapore Organisation of Seamen (SOS) jointly distributed 600 hampers to ships that call here.
- German car firms drive east to tap lower wages
For Porsche SE, 'Made in Germany' increasingly means a one-time Soviet military training base in the country's former communist east.
|OCTOBER 19, 2011|
- Global containership deliveries to reach 1.28 million TEU by 2012
- Idle box fleet rises to 156 ships in September against 128 last year
- Francis Liu Hon-por succeeds Roger Tupper as Hong Kong harbour master
- APL handles 229,300 FEU Aug 27-Sep 23, up 5pc year on year
- Contrary to eco-scare, stricken box ship won't break up: Maritime NZ
- Le Havre productivity up 20-30pc since privatisation, say officials
- Anhui's Bengbu New Port phase 2 project to start construction
- Jiangxi, Fujian to cooperate on building bulk commodity trade centre
- JNPT expects to spend US$3.17 billion to dredge, widen Mumbai ship channel
- Smaller vessels face bleak future as megaships make feeders bigger
- DP World to continue focus on India's trade to and from Arab world
- Norfolk Southern, CSX extend Virginia ports' access to south and west
- Cathay enters debt market to raise US$84.6 million with bond issue
- Korean Air cargo slump expected to hurt revenue into 2012
- Kenyan shilling fall hits exports, puts air cargo at risk, and out of reach
- Aviation Security Force: New Delhi to consider UN policing proposal
|OCTOBER 19, 2011|
- 'We have reached the end of our tether on piracy', ICS Chairman tells India Shipping Summit
- CMA CGM, MSC & CSAV reshuffle service
- Coastal shipping policy by December: Mohandas
- Dry bulk vessel deliveries lag behind
- Increased Suezmax tanker rents raise optimism
- NYK adds CO2 e-calculator tool to Group websites
- SCI takes delivery of newbuilding AHTSV
- Softlink recognised as 'IT & Software Company of the Year' at MALA 2011
- Training programme for CHAs held
- Timber logs above 15 m not to be allowed into Kandla Port from 2012
- CONCOR commences rail services to Karaikal Port
- Exporters focusing on new markets to ensure $ 280 bn target
- Pulses imports to bounce back in 2011: USDA
- Rs. climbs to 2-wk high of 48.69
- SIREA calls for easing non-Basmati rice exports
- Capexil'the global trade facilitator
|OCTOBER 18, 2011|
- Hainan Airlines cancels Thailand-Sri Lanka service
Haikou-based Chinese carrier Hainan Airlines has cancelled a planned new weekly Boeing B737-800 Beijing-Bangkok-Colombo service that was scheduled to begin today.
- CMA CGM, MSC and CSAV reshuffle service
The CMA CGM Group, MSC and CSAV are reshuffling their service linking Asia, Mexico, Central America and the west coast of South America. Previously operated by CMA CGM and CSAV, MS...
- Indian highway development making progress
India's national highway development programme envisages six lanes on 6,500 km, four lanes on 24,700 km and upgrades for 20,000 km of national highways, in addition to the developm...
- PAL cargo operations back on track
Philippine Airlines (PAL) has resumed cargo services on all its domestic, Asian regional and inter-continental flights operating out of Manila's NAIA terminal 2. PAL cargo operatio...
- Group 7 opens new branch in Hanover
The logistics services provider Group 7 has opened a new branch in Hanover, a key booking logistics location and airport. Group 7 has seven other German branches, namely in Munich,...
- Iata urges partnership to drive aviation benefits in Southern Africa
Iata has urged a new partnership between governments and the aviation industry, to maximise the social and economic benefits that a safe, secure, efficient and environmentally-resp...
- Malcolm Rail launches new Teesport-Scotland service
Malcolm Rail, a division of the Malcolm Group, one of the UK's leading logistics providers, has launched a new rail service between Teesport's container terminal and Malcolm Rail's...
- Volvo Group top-selling manufacturer of 13-litre engines in USA
13-litre engines have become the number one choice of US class 8 truck customers for the first time. According to a Volvo Trucks North America press release, Volvo Trucks' 13-litre...
- FRA issues safety advice to US railway industry
The US Federal Railroad Administration has issued safety advice to the railroad industry to help prevent injuries and fatalities to employees working between rail cars during switc...
- Peter de Laet strengthens Wim Bosman Belgium sales team
Logistics service provider Wim Bosman Belgium has appointed Peter De Laet as its commercial manager for Belgium. His main tasks will include setting up and coordinating the commerc...
- Agility selected as core logistics provider for Henkel
Agility, a leading global logistics services provider, has been awarded a five-year contract by Henkel China to be the exclusive logistics partner for its Dragon hub project. Proje...
- E.R. Schiffahrt vessels named in South Korea
The Hamburg-based shipping line E.R. Schiffahrt, founded in 1998, has named its first two giant 13,100 teu freighters in Ulsan (South Korea). They are 366 m long, 48.2 m wide and 1...
|OCTOBER 18, 2011|
- Louisiana to provide $214 million in incentives to preserve Avondale jobs
- ADM orders post-Panamax bulkers with air-lubricated hulls
- Atwood exercises drillship contract with Daewoo
- Teekay firms up deal with Sevan
- St. Johns Ship Building to build custom crane spud barge
- Port operations generate 279,200 NY-NJ jobs
|OCTOBER 18, 2011|
- Port of Seattle cruise season surpasses expectations
- UK P&I Club announces rate increase for February
- Parsons Brinckerhoff taps Bryan as Boston office principal consultant
- Trucking association economist sees no clear picture for industry
- Customs giving advanced notice of move to ACE processing system
|OCTOBER 18, 2011|
- Aviation offers pointers but change must address seafarers' needs
E-navigation end users must be consulted, say industry observers
- Overcapacity hits Euronav results
Weak demand drives tanker operator to $40m loss in third quarter
- Atlantic panamaxes to follow dip in Pacific rates
Charterers in no rush to fix ships, going into November
- Aframaxes stay in North Sea as heat comes out of Mediterranean market
Fewer ballasters heading south increases vessel supply and caps further rates gain
- Intra-Asia trades fuel world growth engine
China's share of growth may have peaked, but Southeast Asia is stepping in
- Pirate attacks up by over a fifth
More than 350 attacks so far this year, but actual hijacks down due to naval interdiction
- E-navigation has a long way to go
Questions raised over long-term suitability of Ecdis
- Clubs lower calls ahead of Brussels conclusions
Mounting speculation over European Commission P&I investigation sparks pre-emptive action
- Q&A: the Clyde & Co and BLG merger
Former BLG partner Tim Taylor and new colleague Nigel Chapman talks to Lloyd's List
- Phoenix launch date questioned
If delayed, the P&I facility may miss out on February renewal deadline
- Dubai Drydocks World faces loan default action
Writ lodged in London for repayment of $45.5m outstanding
- Dry FFA volumes hit 23-month high
Bulker rates rally boosts paper trading, but with prices sliding futures market may soften
- 'Churn' may push P&I premiums up
P&I clubs must redress balance or risk underwriting deficits
- P&I clubs focus on rise in cargo crime
TT Club research finds that in 68% of the cargo thefts involving its members, a sub-contractor played a role in the crime
- Cruise operator wins $3.1m claim against insurance group
All Leisure Holidays took on claims from passengers of a cruiseship it bought out of administration
- Seafarer criminalisation rears its ugly head
The Rena oil spill off New Zealand has highlighted where blame will be apportioned
- Brokers welcome CMA CGM contract pricing plan
Linking contracts to indices will bring stability to costs
- Tsakos beats market rate in one-year product tanker deal
Amount is some $1,750 per day above current level for MR vessels
- Russian rail price hike could limit coal exports to Europe
Regional dry bulk market would suffer as customers turn to Colombia or South Africa
- Apologies to New Zealand
The Rena disaster brings back memories of another unhappy incident by an overseas perpetrator
- Disgruntled shareholders target DryShips-OceanFreight merger
Normal service resumes in the US as class action lawsuit filed
- Slowdown in boxship scrapping baffles brokers
Owners are not reducing fleets while demolition rates remain high
- South of England P&I hits back at winding-up order
Club ceases trade until scheduled hearing
- UK P&I Club is first to set increase at 3%
The club expects a diverse range of increases from other clubs
- Legal challenges
Brussels will be watching as owner Erck Rickmers invites tramp carriers to consolidation talks
- Maersk sidesteps 'tanker bloodbath'
Maersk's desire to show leadership is no bad thing in such a horrendous tanker market
- Aberdeen aided by West Africa export surge
Volumes to region climb 21% in first nine months of 2011
- Attica takes delivery of Blue Star Delos
New ro-pax ferry for Blue Star Ferries service
- Safe Bulkers sets sights on further fleet expansion
Net income exceeds analysts' forecasts
- Paragon sells handymax in renewal move
Crystal Seas fetches $14m as it makes way for Paragon's incoming handysize newbuildings
|OCTOBER 18, 2011|
- Coast Guard might be out $200M on spill
THE US Coast Guard might not be able to recover more than $200M it spent responding to the Deepwater Horizon disaster
- Lawsuit targets takeover of OceanFreight
A CLASS-action petition by shareholders is seeking to block or rescind the takeover of OceanFreight by George Economou's DryShips
- Mozambique wants Japan port repair funds
DANILO Nala, director of Mozambique's Special Economic Zones Office, said today it would ask Japan for up to $300M for repairs at cyclone-damaged Nacala's port
- Teekay prices Sevan swoop
TEEKAY today revealed that it will invest $803-$823M in its acquisition of distressed Sevan Marine assets
- VLCC owners 'bleeding cash every day'
CREDIT Suisse analyst Gregory Lewis today predicted that the usual fourth-quarter tanker rally will this year leave VLCC owners in the cold
- Iron ore spread widens
DAHMAN Rose analyst Omar Nokta said today the different between Chinese domestic iron-ore spot pricing and pricing for imported ore is the widest since 2008 - but appears unsustainable
- Tallink's Q4 profits rise 28%
TALLINK, the Estonian ferry operator, said today its unaudited Q4 and full figures for its accounting year to 31 August showed strong growth in nearly all segments
- Pirate ransom rise warned
PIRATE ransoms are rising, even though hijacking numbers are dropping, a London conference was warned today
- Ship attacked off Nigeria
EXXON Mobil said today pirates attacked a ship supplying an oil platform off Nigeria
- Yangzijiang's assurances fail to sway DMG
SHARES in Chinese shipbuilder Yangzijiang have been graded down by Singapore's securities firm DMG & Partners
- 'Marginal tick-up' seen for bulker prices
A FIRM tone is continuing for drybulk spot freight rates, which could indicate the fall in secondhand ship prices is ending, shipping analysts said
- SeaFrance strikers resume
FRENCH seafarers today resumed a strike aboard the car ferry SeaFrance Berlioz
- Stockpiles squeeze Cape rates
CAPESIZE rates have fallen across the board, with high iron ore stockpiles in China taking their toll
- Pirate frustration rising
SOMALI pirate attacks rose in the first nine months of 2011 year on year, the IMB said today
- Japan car carriers hit again
A NATURAL disaster has again hit Japanese vehicle shipments, as vehicle companies have suspended production at plants in flood-stricken Thailand
|OCTOBER 18, 2011|
- Industry Expert Says Carriers Won't Fix Chassis Prices
An ocean carrier group seeking expanded antitrust immunity for its chassis pools isn't trying to fix the rates truckers pay...
- CSX Profit Rises 12 Percent on Slight Traffic Gain
CSX Transportation saw its profit rise 12 percent to $464 million in the third quarter, as revenue increased 11 percent...
- Shippers Face Major Losses From Rena Disaster
Shippers without specific safeguards in bills of lading who lose cargo from the stranded container ship Rena off the coast...
- New York Ro-Ro, Breakbulk Terminal to Reopen
New York City is rebuilding a Brooklyn marine terminal that will handle roll-on, roll-off and breakbulk cargo when it opens...
- Charleston Container Traffic Up 17.6 Percent
The Port of Charleston's container traffic in September increased 8.9 percent from August and was up 17.6 percent year-over-year. ...
- Port Tracker Scales Back Import Forecasts
The Global Port Tracker retail industry shipping report on Monday issued a sharply reduced projection for containerized imports this fall,...
- NY-NJ Port Called 'Most Expensive'
High costs and sub-par productivity threaten continued growth at the Port of New York and New Jersey, industry leaders warned...
- Emirates Shipping Joins India-China Service
Emirates Shipping Line will expand its intra-Asia network by buying slots on a new weekly service between India and China...
- Kenya Airways Adding China Freighter
Kenya Airways, tapping into growing trade between Africa and China to build its burgeoning cargo network, is launching 747-400 freighter...
- Job Growth Flattens at Top US Railroads
U.S. job growth nearly came to a halt at the seven largest freight railroads from mid-August to mid-September, a period...
- Grain Industry Pushes Barley Exports to Japan
U.S. agriculture industry officials are stepping up efforts to restore barley exports to Japan after a steep and rapid downturn...
- Economy, Hours of Service Top Trucker Concerns
The unsteady state of the economy and proposed changes to truck driver hours of service rules top a list of...
- Ten Forwarders Pay FMC $477,500 in Penalties
Ten non-vessel-operating common carriers paid a total of $477,500 in penalties to settle cases brought against them by the Federal...
- Ship Deliveries in 2011 Top 1 Million TEUs Capacity
Ocean carriers and charter ship owners have taken delivery of 154 ships with a combined capacity of more than 1...
- Piracy Hits All-Time High, But Hijacks Decline
Pirate attacks reached an all-time high this year but fewer ships are being hijacked due to tougher policing by international...
- Japan Food Exports to US Grow 4.4 Percent
Japan's exports of agricultural, fishery and forestry products to the United States grew for the fourth consecutive month in August...
- Manila Adding Eight Gantry Cranes
Manila International Container Terminal will take delivery of eight gantries in time for the start-up of a new berth at...
- Port Planner Says Panama Canal Effect Uncertain
Port planner John Vickerman sees the expanded Panama Canal's effect on U.S. trade shaking out in either of two ways....
|OCTOBER 18, 2011|
- Good News strictly rationed
Whichever way you look at the moment there seems to be an avalanche of doom and gloom waiting to descend. Shipping is as usual on the global front line and enduring a daily shellacking of disappointment and bad news; so slivers of light seeping through cracks in that long black tunnel of depression are indeed a most welcome event
- Rena 'a vessel dying'
- Piracy: shipping gaining the upper hand
- Transpac rates slump below USD1,500 - and forecast to drop further
- 19% y-o-y drop in APL revenue
- US 'cease fire' in trade war with China
|OCTOBER 18, 2011|
- Trinity bags barge boost
Mississippi shipyard returns to the tank barge business as inland operator orders a fresh batch of four with more to follow.
- Euronav bleeds red ink
All eyes turn to Antwerp as tanker owner crashes to third-quarter loss amid market turbulence.
- Atwood drills US Gulf
Semisubmersible drilling rig prepares to soar with juicy deal as Lion City yard closes in on delivery.
- Iron ore threat to cape fun
Capesize resurgence could be challenged by changing dynamics in the iron ore market, analyst says.
- Atwood commits
New York-listed offshore syndicate splashes $600m to build second drillship at South Korean shipyard.
- MSC joins in
Swiss container line brings eight ships into service with CMA CGM and CSAV for Pacific loop.
- Euroseas flaunts 'flexibility'
Aristides Pittas says handymax fixture will give Nasdaq-listed bulker owner the flexibility it needs to pursue expansion.
- Teekay spree tops $1bn
Peter Evensen-led owner lays out $850m on Sevan rescue deal just days after sealing Maersk LNG swoop.
- Cargoship grounds in UK
Coast guard works to refloat German vessel stuck on breakwater at Portland harbour.
- Golden Ocean goes long
John Fredriksen-led owner finds one-year contract for kamsarmax cut loose by Korea Line, brokers say.
- DryShips swoop 'unfair'
OceanFreight shareholder takes up the fight with class action lawsuit against takeover by George Economou's DryShips.
- Polarcus standing alone
Seismic survey player's boss Rolf Ronningen says it is not looking for partners as it aims for top three position worldwide.
- First VLOC resale
VLOC contracted at Ariake has been abandoned by Korea Line and sold as a resale, the first ship of such size to change hands.
- Giles Pritchard-Gordon dies
British shipowner, shipbroker and horse-breeder has died of cancer.
- Silk sub inks charters
Jasa Merin to bank $17.75m from triple charter deal with Petronas Carigali.
|OCTOBER 18, 2011|
- Canadian minister defends port investments
Suggestions that the Canadian government is improperly subsidizing expansion of western Canadian ports and related freight infrastructure are unfounded and will harm two-way trade if a U.S. investigation into the matter results in sanctions of som...
- Salvage work suspended on New Zealand wreck
Efforts to offload additional bunker fuel from the wrecked containershipRenawere suspended Tuesday evening because of bad weather. Andrew Berry, salvage unit manager for Maritime New Zealand said "we're in a critical place during the next 24 hours ...
- More vessels dodge pirates
The International Maritime Bureau, a maritime industry piracy watchdog, said while piracy attacks by Somali pirates remain high, increased naval presence in the East African region and anti-piracy measures put in place by shipowners and their crews...
- Alphaliner: 1.28 million ship TEU added in 2011
The information service Alphaliner says in its mostrecent newsletterthat containership deliveries will total 1.28 million TEU this year. It said as of mid October 154 ships with 1 million TEU capacity had been delivered. Alphaliner said "non-delive...
- APL's volumes up, but rates weaker
APL said it moved 229,300 FEUs (40-foot equivalent units) in the four-week period ending Sept. 23, 5 percent more than in the same 2010 period. But the Singapore-based liner company said average revenue per FEU was $2,501 for the four-week period,...
- MSC to assess Novorossiysk bunker fee
Mediterranean Shipping Co. said Monday it will begin assessing an emergency bunker surcharge on shipments to and from the Black Sea port of Novorossiysk. The surcharge $100 per TEU on imports and $50 per TEU on exports, is effective from Nov. 1. M...
- MSC joins CSAV/CMA Asia-WCSA loop
CSAV and CMA CGM have merged a service connecting Asia and the west coast of South America with a Mediterranean Shipping Co. service, according to CMA CGM and research fromAmerican Shipperaffiliate ComPair Data. The move effectively means MSC has w...
- Heartland Express founder Gerdin dead at 70
Russell Gerdin, founder, and former chairman and chief executive officer of motor carrier Heartland Express, died Friday evening, the company announced. Heartland Express is one of the most profitable trucking companies in the industry and has a re...
- Study: Great Lakes-Seaway boasts North American jobs
The Great Lakes-St. Lawrence Seaway navigation system supports more than 225,000 jobs and generates billions of dollars in income and revenues annually in both the United States and Canada, according to a study released today.The study, "The Econom...
- Parson Brinckerhoff signs on Bryan
Parsons Brinckerhoff, a global infrastructure consulting firm, has appointed Joseph Bryan as a principal consultant in its Boston office. Bryan, a 30-year industry veteran, will lead the firm's freight and logistics service area in the Americas, fo...
|OCTOBER 18, 2011|
- Price movements mixed in the Middle East
In Cape Town, deliveries were available for supply up to and including November 1.
- 'Punitive' fuel oil tax unlikely to cut exports
ARA fuel oil inventories remain at 18-month high.
- Prices fall in many European ports
Rotterdam players say avails are healthy.
- Flow of 'high-viscosity, high-density' cargoes to continue
Singapore players prepared for arrival of more 'off-spec' product.
- Ferry operator sees profits surge despite rising bunker costs
Fuel bill climbs by 22% but sales at 'all time high'.
- Bunkering blocked as Greek strikes continue
Ferries could get 'special permission' for product to be lifted from refineries, says Piraeus bunker player.
- Biofuel trials to use laser-based emissions monitoring system
'System will collect comprehensive emissions and particulate matter (PM) data,' says W R Systems Ltd
- Bunker prices fall at key Asian hubs
Supplies of bunkers mixed at major Asian ports on Tuesday.
- Charterers more concerned with cost than environmental issues
'Better leadership' needed at top management, says spokesman at Seaspan Ship Management.
- Colombo struggles with 'very limited' IFO avails
LIOC and Lanka Maritime encountering delays in import of replenishment cargoes.
- 'Great initiatives' to cut fuel consumption
Nuclear fuelled ships 'not available in immediate future,' says associate director of BMT Asia Pacific.
- Essar expands presence in UK with refinery acquisition
Sells HSFO 380 cSt bunker fuel, 1.5% LSFO 380 cSt grade and MGO ex-pipe from the newly acquired Stanlow refinery.
- Fresh oil leaks from stranded vessel
Salvors seal fuel tanks before evacuating the vessel due to poor weather conditions Monday evening.