|JUNE 20, 2011|
- Mongolia set to tap NKorea ports
Mongolia sees the ports of North Korea as gateways through which it can ship its mineral resources, taking advantage of 'very good relations' between the two countries, Prime Minister Sukhbaatar Batbold said.
|JUNE 20, 2011|
- CSCL upgrades China-Mideast run with 9,600-TEUer to meet growing demand
- US import box volume to flatten in July, but rise later: Port Tracker
- Grand Alliance all-water US east coast service calls at Charleston
- Ningbo's Meishan terminal buys gantry cranes to cope with cargo surge
- Weak dollar brings 27pc higher bond forwarders must pay China
- Kerry Logistics starts building Xiamen logistics centre
- APL Logistics starts using 53-foot boxes in North America
- US port calls rise 13pc, postpanamaxers double arrivals from 2005-2010
- Panalpina opens second branch in Wuhan to serve central China
- Cathay Pacific May air cargo down 12.9pc to 138,095 tonnes
- British bar UPS air cargo shipments over new security code compliance
- Boeing projects US$4 trillion market 2030 with Asia leading pack
- China Aviation expands fuel trading as overseas demand increases
- Qantas reduces capacity, capital expenditure as demand slows
- South Korea's May air cargo volume declined 8.7pc due to Japanese disasters
|JUNE 20, 2011|
- Asia-Europe base rate falls below $100/TEU as bunker charges zoom
- Lack of fuel delays MV Suez's arrival at Salalah
- MSC announces rate restoration on key trade lanes from India
- Seatrade Asia Awards 2011 honours Harry Banga with Lifetime Achievement Award
- Subdued second half seen for Asian container shipping
- Govt mulling rollback of countervailing duty on coal imports
- Govt spells out plan to penetrate drug export mkts
- Govt to impose 15 pc duty on sugar imports
- Provide export credit at 7 pc to MSMEs: Fieo
- Hind Terminals commences double stack operations from Mundra
- Economy figures indicate slowing growth rate
- Political chaos could put spoke in GST wheel
- Delay pushes central infra project costs up 20 pc
- Kale Logistics expands presence with regional office at Chennai
|JUNE 17, 2011|
- Hitachi Transport System establishes JV with Kintetsu World Express
Hitachi Transport System (HTS) made a joint venture agreement with Kintetsu World Express Ltd. in May. The joint venture is called "Project Cargo Japan, Inc." and will be formally ...
- Hoyer works with Telene S.A.S.
Telene S.A.S., the France based supplier of specialty DCPD (dicyclopentadiene) formulated resins, concluded a five-year contract with the Hamburg based logistics service provider H...
- New UPS Service for returning high-value products
UPS recently unveiled "UPS Returns Exchange", a combined delivery and pick-up service that gives businesses more control over their reverse logistics for high priority products. Th...
|JUNE 17, 2011|
- OceanSaver books six ship order for new BWT system
- Navios Acquisition buys two MR2 product tankers
- Aker Solutions to provide drilling package for DSME drillship newbuild
- Rolls-Royce books orders for offshore industry propulsion systems
- Magic pipe case Chief Engineer gets prison term
|JUNE 17, 2011|
- Dry bulk rates remain steady as tankers rally
Capesize freight rates could rally further next week, with expectations of more cargoes tightening up supply in the Atlantic
- Chinese oil usage fires tanker demand
Increasing crude oil and oil products demand will continue to aid a recovery in tanker demand
- Tanker market poised for balance as ordering falls
Improved medium-term outlook supported by high levels of demand for oil and oil products in emerging economies
- Transatlantic rates firm as fronthaul activity set to remain subdued
Conditions are in place for a further rally as Atlantic supply tightens on lack of Pacific ballasters
- Stagnant suezmax market set to continue
Long tonnage list caps rates gains
- Dry bulk vessel demand to break 500m dwt in 2011
Significant rates gains capped by huge supply growth that has seen capesizes increasingly slow steam
- US sees shift in chassis supply by box carriers
As lines stop providing transport for inland movement of containers, alternative systems may have to be considered
- Rising hi-tech demand in Asia-Pacific to hit supply chains
Key countries emerging as the 'ones to watch' for hi-tech manufacturing
- Putin backs Black Sea mega port project
Taman planned to have a total 66.5m tonne annual capacity by 2020
- Turkish yards at a crossroads
Shipbuilders will have to rely on reputation for quality to negotiate a tough market
- Can Turkey remain the leading shipbuilder in Europe?
Fewer competitors provide Turkish yards with the opening they need to rebuild orderbooks
- Shipping needs a boardroom clean-up
The Eagle Bulk shareholder's lawsuit raises questions of corporate governance that could be a tipping point in companies' future conduct
- When R&D stands for research and doubt
Europe's manufacturers could be excused for getting a bit exasperated at the moment. They do not know exactly where to focus their development cash
- Cyprus readies law on armed guards
Could become first EU country to legislate for guards to open fire under strict conditions
- Shipping brief passed to Chrysohoidis in Greek reshuffle
'Disappointment' for shipping as pleas for return to traditional ministry go unheeded
- Hanjin confirms $845m boxship order
Five 13,000 teu vessels originally destined for chartering to shipping line
- Eagle Bulk shares shorted on Wall Street
Nasdaq-listed dry bulk owner currently facing investor lawsuit sees 24% of stock out on loan
- Doubts emerge over EEDI success
As the IMO awaits adoption of the measures by the MEPC, questions arise over their true effectiveness
- Lines pull Asia-Europe loop as rates slide and losses mount
Other withdrawals expected to follow as return of ship lay-ups looks distinctly possible
- Navios Acquisition picks up MR2 pair for $84.8m
Price reflects strong cash flow from three years' employment attached to 50,000 dwt product tankers
- Hansa chief highlights fall in newbuildings for tramp owners
Hermann Ebel forecasts slow revival in KG market despite increased investor demand
- US container imports hit by low consumer spending
As report reveals slow growth at major hubs, dramatic rise predicted for autumn
- Container lines destroying their 'two aces' by chasing lower rates
Fundamental market trends being ignored as capacity grows rapidly, says Marsoft partner
- China concern over Malacca transit shipment reliance
IEA paper highlights Chinese concerns about relying on shipments transiting the Malacca Strait
- How will shipping cash in on the 'Golden Age' of gas?
Recent reports have highlighted the movement of cargoes to meet the industry's expected boom in demand
- Short term: how high is high for time charter rates?
In recent months, the gas sector has benefited from the short term trade disruptions, most notably incremental demand into Japan
- Seafarers take a stand
Faced with the threat of being taken hostage, many also fear retribution from seeking legal advice, a poll reveals
- A matter of trust
Shipping needs to salvage its damaged reputation among public investors in the US
|JUNE 17, 2011|
- Frangou ups tanker bet
ANGELIKI Frangou's Navios confirmed two more tanker acquisitions today, continuing the group's push into the wet sector over the past year
- Pluto start again delayed
OPERATOR Woodside Petroleum said today LNG cargoes would not be shipped from the Pluto scheme in Western Australia until March 2012 - six months later than last scheduled
- Diana losing its lustre
SIMEON Palios-led Diana Shipping lost another booster today as Credit Suisse analyst Gregory Lewis withdrew his support
- US sentences engineer
GREEK citizen Dimitrios Grifakis was sentenced to six months in prison for obstructing a 'magic pipe' inquiry involving a bulker controlled by the Economou family
- Traffic hits Thai sugar exports
SEVERE congestion at Thai ports is delaying exports, especially sugar shipments, Fairplay was told today
- A&P evacuated and closed
A MAJOR FIRE has started at A&P Group's Falmouth repair yard in southwest England, forcing authorities to evacuate nearby residents and close roads around the site
- Lakes ballast rules work
BALLAST flushing rules are keeping aquatic nuisance species out of the Great Lakes, a study has confirmed
- VLCCs depend on 'who is more desperate'
SAUDI Arabia's raised crude output has boosted VLCC rates this month, but brokers told Fairplay today the influx of newbuildings means that charterers still have the upper hand
- LSC reduces losses
LATVIAN Shipping Co reduced its net losses by 70% year on year to $3.15M in 1Q11, as costs fell
- Hansa Treuhand declares 'crisis is over'
HAMBURG box shipowner Hermann Ebel says the "crisis is over" for his group Hansa Treuhand following the recovery of charter rates and cash injections from KG investors
- NYK signs LNG deal
JAPAN's NYK Line told Fairplay today it has signed a four-year deal to carry LNG for France's GDF Suez
- Singamas sees profit jump
TEO SIONG Seng's Hong Kong-listed container maker Singamas said today predicted higher year-on-year profits for 1H2011
- Charterers exploit Capesize recovery
CAPESIZE brokers told Fairplay today that recovering by surprise this week, charterers are pushing for lower rates for next month's voyages
- China's iron ore imports might fall
CHINA could import less iron ore this month, after domestic production reached a record in May, according to Barclays Capital
- LR1, LR2, MR rates under pressure
FREIGHT rates to carry clean products to the East are continuing to slide because of high stockpiles in Japan and lower demand in Taiwan
|JUNE 17, 2011|
- Intermodal Traffic Hits 2011 High
Major North American railroads, shaking off the doldrums that slowed freight traffic during the spring, had their largest intermodal volume...
- Surcharge, Freight Rate Updates for June 13-17
Maersk Line will implement a peak-season surcharge for cargo shipped from India to the United States, Guam and Canada. The...
- Largest U.S. Railroads Slowed Job Growth in May
Despite a slowed freight sector and a weakened economy this spring, the largest freight railroads added 745 workers to their...
- Is Recovery Built to Last?
Cautious optimism is turning into genuine belief as the industrial real estate sector finds itself in a long-awaited recovery mode....
- No Shelf Life for Taxes
With the retailing sector already in the midst of a shaky recovery, the seismic shift to online sales is changing...
- AASHTO's Horsley on Transportation Bill Outlook
AASHTO's Horsley speaks just after telling the Transportation Research Forum in Washington, D.C., that a House committee could unveil a...
- Li & Fung Builds Domestic China Network
Hong Kong-based Li & Fung says it is restructuring its distribution network in China to meet the fast-growing demand for...
- Maersk Sees Rapid Asia-Africa Trade Growth
Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year...
- Hanjin Suspends Asia-Europe Loop, Orders Five Ships
Even as it announced plans to order five big new containerships, Hanjin Shipping said it will suspend its Asia-Europe NE5...
- International Cargo Jumps 12 Percent at ANA
International air cargo increased 12.0 percent to 44,182 at All Nippon Airways, the 20th consecutive month of growth for Japan's...
- UK Bans UPS Cargo Screening at Selected Sites
The UK ordered UPS, the U.S. parcel delivery company, to stop screening shipments at some of its facilities in Britain...
- Shippers, Carriers Temper Peak-Season Expectations
Some shippers and port executives in Southern California, assessing trans-Pacific shipping prospects at the start of the peak season, say they believe cargo volume...
- Changing Times
Glance around the business world and you'll see any number of industries making enormous strides in improving products and enriching...
- Finding the Shipper of Record
Q: Our company provides training services for individuals. For this training, we provide course material consisting of textbooks and other...
- Carrying Costs
If the annual Council of Supply Chain Management Professionals' State of Logistics report was entirely about the numbers, U.S. shippers...
- Maersk Sets India-U.S. Peak Season Surcharge
Maersk Line in July will implement a peak-season surcharge for cargo shipped from India to the U.S., Guam and Canada. The...
- Highway Industry Official Expects Transport Bills in July
The head of the trade group representing state transportation departments said he expects key committees in Congress to approve legislation...
|JUNE 17, 2011|
- CKYH alliance withdraws Asia-Europe service
- PANYNJ cargo to boom via restructured 'MSC' lease deal
- MSC 'buys' into ECT Maasvlakte terminal
- Intrigue surrounds second Portek bid
- Rate of growth static for US ports as transpac losses stack up
|JUNE 17, 2011|
- Sovcomflot in LNG deal
Oil company cements tie-up with Moscow shipbuilding and shipping giants on building gas carriers in Russian yards.
- Hanjin in $850m box blitz
South Korean heavyweight proves size matters with order for five containerships at $170m a piece.
- Hoegh wins FLNG gig
Sveinung Stohle-led company chosen to provide floating storage and regas unit for Indonesian LNG import project.
- Baltija bowing out
Lithuanian shipyard posts bigger 2010 profit as owner BLRT winds down shipbuilding.
- Navios hits tanker double
Angeliki Frangou-led tanker owner splashes out $85m on MR2 product tanker duo from Turkey's Geden.
- Show me the money
Somali pirates and Korean shipyards are raking it in in this week's news in numbers. But life is less rosy for seafarers and Japanese yards.
- Plains sailing for LA
Company behind new California oil terminal reckons it will be up and running in 2014 if it gets refiners' commitments, with Brazil, Russia and Canada among potential sources.
- Metaphor malarkey
Is booking a Wan Hai ship like making love to a beautiful woman, and is the industry really killing children?
|JUNE 17, 2011|
- Report: Retail container port traffic flattens
Import cargo volume at the nation's major retail container ports is expected to remain at about the same levels as last year through July before increasing later this summer, according to the monthly Global Port Tracker report released Thursday by ...
- U.S. Commerce loosens export control rules
The U.S. Commerce Department on Thursday published a new regulation as part of the Obama administration's comprehensive export control reform initiative that eliminates the need for companies to obtain export licenses for certain categories of ite...
- CN sells New Orleans terminal
Canadian National Railway said it has agreed to sell a coal terminal in New Orleans. The company said it intends to sell all assets of IC RailMarine Terminal Co. to the Cline Group and Raven Energy, an affiliate of Foresight Energy. The terminal i...
- Nikkhoo to head Horizon Lines Hawaii operations
Horizon Lines has named Ali Behruz Nikkhoo as vice president and general manager for Hawaii. He will oversee the ocean carrier's weekly transportation services between the U.S. mainland and the Hawaiian Islands. He will be based in Honolulu. He su...
- Engineer sentenced to six months in prison
The U.S. Justice Department said the chief engineer of a tanker was sentenced to six months in prison for obstructing an investigation into the illegal overboard discharge of oily waste. Dimitrios Grifakis, 57, of Kallithea, Greece, was sentenced ...
- Thawing Cold War regulatory regime
- Washington Notebook
- Funds too late for Mississippi's current plight
The U.S. House of Representatives Appropriations Committee on Wednesday approved a bill providing $30.6 billion for fiscal 2012 for the Army Corps of Engineers, Energy Department and Interior Department water programs. But an advocate for maritime ...
|JUNE 17, 2011|
- Risler Bunkering closed for holiday
Company and its employees will be celebrating 'National Flag Day.'
- Week ends with softening prices
Crude futures settle lower on concerns over reduced economic growth and low fuel demand.
- Fire at Falmouth dock does not disrupt supply
Cornwall Fire and Rescue Service stated that six pumps were attending the incident, along with a number of specialist support vehicles and an aerial ladder platform.
- Pemex struggling to contain fuel theft
President Felipe Calderon has also come out and urged Congress to pass tougher laws that would raise the penalties for fuel theft.
- Fujairah market weakens
Lots of enquires in the market.
- Markets soften across Europe
Very busy in Piraeus.
- EU states reminded to implement criminal sanction rules
Many states have failed to transpose EU rules laying down criminal penalties against sea pollution and other environmental offences into national law.
- Investor identified for Asia Petroleum Hub
Negotiations underway to fully finance completion of Malaysian petroleum hub and bunkering facility.
- New barge for Pakistan supplier
Fleet grows to four after latest addition.
- ARA players looking to shorten credit terms after difficult year
Limiting credit a 'genuine trend to return to a genuine viable business environment'.
- Asian bunker prices falling as week closes
South Korean bunker prices strong on Friday due to very tight avails.
- 'Aggressive selling' of bunker fuels in Colombo
To 'create ullage' for imported bunker cargoes.
- Dan-Bunkering welcomes new staff
New accountant/sales supporter joins Dan-Bunkering's Monaco office.
- Bunkers-only calls to Kochi get 50% off port charges
Port dues, berth hire and pilotage charges subject to 50% discount at Kochi.
- Statoil Fuel & Retail sells marine segment
Agreement in line with Malik Supply's strategy to become 'preferred partner within bunkers and lubricants to the marine industry.'