|JULY 20, 2011|
- Shippers steam as sailing slows: survey
IN THE cheering for slow steaming, what with savings on fuel for the liners and the lower emissions for the planet, it appears that the shippers' howls of protests might have been drowned out.
- Record profit for mines as shipping slumps on glut
The largest glut of ships in history means the cheapest freight rates relative to iron ore prices in at least a decade, helping Rio Tinto Group and BHP Billiton Ltd to generate record profit.
- Shipping sector charts course to reduce global warming
LAST week, the International Maritime Organization (IMO) took a major step forward in its response to the perceived need to cut greenhouse gas, and specifically carbon dioxide (CO2), emissions from ships. In doing so, it has probably managed to keep control of the implementation of cuts that will eventually be demanded by whatever results from the UN negotiations on tackling global warming which continue in Durban at the end of this year.
|JULY 20, 2011|
- Evergreen, Cosco, CSCL, Yang Ming enter into new slot swap deals
- Grand China bundles SPX and TPX loops into California butterfly service
- Drewry to launch comprehensive Asia-Europe freight rate index in September
- Zepol says US June imports fall 7.4pc with China shipments slowing most
- Africa, India and Latin America become port investor hotspots
- Paragon container spin-off Box Ships buys 5,060-TEUer for US$55 million
- Kerry buys Shanghai Wisdom Group and Shanghai Huicheng Logistics NVOCCs
- Singapore GDP up 0.5pc in second quarter, down from 9.3pc growth in Q2
- Chamber's carbon levy 'grossly unfair', says British Shippers' Council
- Truck strike at south India's Port of Cochin ends with DP World deal
- Maersk's new Black Sea reefer service to court Ecuadorian banana shippers
- UK forwarders will lose trade to foreigners for not having UK customs AEO
- Changi air freight increases 3.3pc to 908,700 tonnes in first half
- Qantas warns of harassing tactics from pilots union from Friday
- Laid-off United Airlines pilots offered new jobs at Continental
|JULY 20, 2011|
- IMO agrees on measures to cut CO2 emissions
- Liner industry consolidation gathering pace
- Survey shows VLCC profits doubling in second half
- Import of sensitive items up last fiscal
- CONCOR, Karaikal Port ink MoU to set up port side container terminal
- KPT clarifies on most recent vessel grounding in channel
- Sharma to unveil Land Customs Station in Mizoram
- US market awaits Indian aeronautical products
- $14-bn garment export target set for fiscal
- Govt issues permits for export of 1.56 lakh t sugar
- India second largest beneficiary of WTO's trade aid
- Services exports touch $11.83 billion in May 2011
- Rationalising corrupt practices
|JULY 19, 2011|
- Skipperliner delivers vehicle/passenger ferry
- Wärtsilä signs two-stroke licensing agreement with China's Guangzhou Marine Diesel
- Bureau Veritas cuts time needed for CAP report
- VT Halter Marine complete 10-unit ATB contract
- OSD to design seismic support vessel for Bourbon
- Glosten to commercialize PelaStar offshore wind turbine platform
- Deterding named GM of Donjon Shipbuilding and Repair
- Chesapeake Shipbuilding launches sternwheeler ahead of schedule
|JULY 19, 2011|
- Matson plans rebranding of trio of logistics units
- Maersk Line posts warning of Adobe Acrobat X problems
- Command change ceremony set for Coast Guard cutter
- Report finds Coast Guard lacking on Civil Rights Directorate staffing
- FMC setting new rules for cruise line customers
|JULY 19, 2011|
- Typhoon hits Japanese ports and refineries
Osaka Bay and Kobe closed, Nagoya and Yokkaichi thought to have followed suit
- Euronav puts faith in offshore after being stung by poor tanker market
Belgian owner posts $9m loss in tanker division in first half but $4m profit in offshore
- Panamax period charter rates fall to two-and-a-half year low
Greek companies take out ships for short and long-term contracts in $11,000 per day range
- Astra Oil charters two aframaxes at five times spot market rate
Vessels taken for four months and six months respectively
- China must further boost tanker fleet to meet expanding refining capacity
Though country's orderbook includes 106 ships, only 15 are for delivery this year
- Chinese dry bulk carrier capacity has doubled since 2006
In the first half of this year 62 of the 451 bulkers entering service went to Chinese owners, lifting the nation's fleet to double the size seen in 2006
- VLCC market starts to feel the pinch from growing China fleet
Almost 40% of VLCC shipments on the key Middle East to China trade lane are now carried on vessels beneficially owned by companies registered in China
- Ship recycling is coming of age
Demolition yards and cash buyers have expressed intentions to improve working practices
- Murdoch syndrome drives backers from shipping
Shareholders will eventually rebel against domineering leaders and opaque disclosure practices
- Grand China Logistics parent tipped to acquire GE SeaCo
HNA move would further strengthen Chinese control over box supply
- Advance on duty of care
The Hague appeal court overturns a ruling on stevedore liability for vessel damage
- Time for market to re-evaluate FPSO risk
Claims emanating from new technologies are causing concern among underwriters
- Business interruption cover creeps into marine policies
Insurers' largesse could come back to bite the industry in the wake of Japan's earthquake
- German yards and owners welcome IMO's mandatory efficiency standards
Shipowners' body welcomes level playing field while shipbuilders hope for a retrofitting bonanza
- Canadian pension fund back in the race to land V.Ships
Source claims private equity interests' failure to reach agreement has opened the door to Ontario Municipal Employees Retirement Scheme
- Star Bulk nets $28m for capes from first follow-on
Part of offering will go to help pay for two capesize bulkers due to join the fleet before end-August
- Grimaldi's new ro-ro freight service hits problems in Tunisia
One ship in six-day wait for berth
- Strikes and equipment failures clog up Indian box terminals
Frustration now being felt by carriers and forwarders is likely to be further compounded by strikes in south Indian ports
- Torm adds cargoes to dry bulk contract with China Nickel Resources
Further 51 cargoes added to existing 124-cargo deal which runs until 2015
- Industry be damned
The European Commission' proposals on cutting SOx emissions stick hard and fast to one nearly impossible deadline and another difficult one
- Costamare raises dividend as fleet income mounts
Analysts welcome moves to buy MSC vessel and tie up 23-year-old pair for six years at $20,000 per day
- Transnet faces fines for failing to follow environmental procedures
Government operator's redevelopment of Durban container terminal allegedly illegal
- Japan's top man at the MEPC is bullish on greenhouse gas rules
Delegation leader Shinichiro Otsubo says Tokyo is 'generally satisfied' with agreement
- Lomé to have 1.5m teu a year capacity terminal following ADB loan approval
Togolese port already serves as transhipment hub for West Africa cargo
- Japanese yards win 15 export orders
June deals bring year to date total to 120 vessels amounting to 5m gt, says ship exporters' body
- Precious Shipping loan facility is cut by $50m
Thai Exim bank pulls out of loan syndicate
- Fesco first half reflects 'steady recovery' in Russian economy
Box volumes up 46% as rail containers, freight forwarding and intermodal services all surge
- MCA has listened to cuts concerns
Coastguard stations keep 24-hour operations, but emergency towing vessel coverage to go
|JULY 19, 2011|
- Louisiana touts $6.5Bn terminal
LOUISIANA's governor today revealed the scope of the Sabine Pass project, one of four terminals seeking to export US shale gas as LNG
- Star Bulk stock plunges
SHARES of NASDAQ-listed Star Bulk dropped 17% in overnight trading after the disclosure of its follow-on offering
- Yangzijiang calms investors
CHINESE shipbuilder Yangzijiang's stock rose today after it sought to calm investor concerns
- NASDAQ halts ONE trading
OMEGA Navigation Enterprises is no longer being traded on NASDAQ as of today, share records confirm
- Rail revived to Colombo
CONTAINER transport by rail to Colombo's port has been revived for the first time in four decades
- Bulker escapes pirates
INDIA'S navy has helped a Greek bulker evade pirates in the Gulf of Aden
- Throughput rises 24% at Tallin's Muuga
MUUGA CT, which operates the box terminal at Tallin's Muuga Harbour in Estonia, said throughput increased 24% from January to June, compared with the first half of 2010
- Output powers VLGC rates
HIGHER Saudi Arabian crude output has boosted rates for the biggest carriers to a two-year high of $56 per tonne, brokers told Fairplay today
- China Nickel-TORM contract expanded
DANISH products tanker specialist TORM's drybulk business was boosted today when Chinese steel producer China Nickel Resources Holdings expanded an existing contract
- FSL loses security deposit
SINGAPORE'S FSL Trust has won a case relating to the arrest of a products tanker, but will lose almost $2.4M over the arrest of another
- Bunkers give VLCC owners ammunition
BROKERS told Fairplay today VLCC owners are resisting pressure to fix August voyages at the low rates of this month
- HNA said to seek GE SeaCo
CHINESE aviation group HNA, parent of Grand China Logistics, is vying with private equity group Kelso to buy box leasing outfit GE SeaCo, container sector sources told Fairplay today
- Essar Ports adds capacity
OPERATIONS have begun at the expanded Vadinar terminal operated by Essar Ports in India
- Queensland recovery lags
QUEENSLAND coal shipments fell again in June, year on year, as producers continued to struggle with flood recovery, IHS McCloskey reported today
- Supramax coal rate slide reversed
DEMAND for prompt tonnage has reversed sliding rates for Supramaxes ballasting from southern China to load Indonesian coal for discharge in India, brokers told Fairplay today
|JULY 19, 2011|
- Feds Want to Ease Military Export Licensing
The U.S. Commerce Department is proposing to make it easier for companies to export military parts with low or no...
- Grubb & Ellis' Feester Foresees Changing Distribution Center Strategies
Peter Tirschwell, senior vice president of strategy for UBM Global Trade (parent company of The Journal of Commerce), sits down...
- Jones Long LaSalle's Carver on Inland Port Concept
Peter Tirschwell, vice president of strategy for UBM Global Trade (parent company of The Journal of Commerce), speaks with John...
- Ports Group to Help US Export Initiative
The American Association of Port Authorities will work with the Department of Commerce to help small and medium-sized businesses export...
- Dukakis: Invest in Future by Spending on Infrastructure
Former Massachusetts governor and presidential canidate Michael Dukakis said to invest in the future spending on infrastructure is key '...
- APL Adds Surcharge at Congested India Port
APL will apply an emergency congestion surcharge on imports containers at India's Port of Nhava Sheva (Jawaharlal Nehru), and other...
- Toy Shippers Partner With Laufer Group
The Toy Shippers Association partnered with Laufer Group International, integrating the company as its official non-vessel operating common carrier. ...
- Judge Tosses Long Beach Clean-Trucks Settlement
A federal judge threw a new twist into the battle over clean-trucks programs at Southern California ports, ruling the Port...
- YRC to Raise Rates 6.9 Percent
YRC Inc., the long-haul subsidiary of YRC Worldwide is hiking its rates 6.9 percent, matching rate hikes announced by many...
- FedEx Adds Ocean Forwarding Services
FedEx Trade Networks, the forwarding arm of FedEx, is trying to expand its reach into ocean shipping with a new...
- Fesco Boosts Traffic 46 Percent First Half 2011
Fesco boosted container traffic 46 percent in the first half of the year compared to the same period a year...
- FMCSA Shutting Down More Unsafe Bus Operators
The U.S. Department of Transportation is making it harder for unsafe bus and truck operators to stay in business and...
- Spike in Transport Performance Highlights Need
An annual performance measure of the U.S. transportation system jumped to its highest level ever during the severe recession, highlighting...
- More Volatility Forecast for Box Shipping
Container shipping supply and demand will remain "highly volatile" for the next three or four years before possibly settling into...
- Multimodal Kansas Site Attracts Wind Turbine Plant
New Millennium Wind Energy will develop its first plant to manufacture building-scale wind turbines north of Witchita, Kan., citing...
- BAA Ordered to Sell Stansted
U.K. airport operator BAA must start selling London Stansted airport, the country's second largest cargo hub, and one of its...
- Economist Expects Pickup This Quarter
The second quarter's slow growth was disappointing, but the U.S. economy will pick up in the third quarter and growth...
- MSC Strikes New Sale-Charter Deal
Costamare is paying Mediterranean Shipping $55 million for a 5,000 20-foot equivalent units container vessel the Greek container shipowner will...
- Diesel Prices Rise for Second Consecutive Week
Diesel prices across the United States increased 2.4 cents a gallon in the week ending July 18, rising for the...
- Long Beach Mayor Expects Port Funds Transfer
Long Beach Mayor Bob Foster expects a proposed transfer of $16.9 million of harbor revenue to the city's tidelands operating...
- Con-way Freight to Raise Rates 6.9 Percent
Con-way Freight will hike its tariff rates 6.9 percent Aug. 1, matching general rate increases announced this month by UPS...
|JULY 19, 2011|
- Bigger and slower ships made obligatory
- Lull before the lay-up rush
- APM Terminals Apapa takes on scanning process
- Dublin improves rail service
- Kerry's double China investment spans NVOCC and 3PL
|JULY 19, 2011|
- HHL hunts new CEO
Oaktree Capital-backed heavy-lift operator looking to replace architect of Beluga Shipping overhaul.
- Matson's makeover
US liner operator wheels out 'rebranding' in a fight to secure footing in logistics arena.
- EURN eyes offshore empire
Belgian tanker owner races to 'exploit' offshore boom with new department devoted to floating storage and processing projects.
- Excel in pirate drama
Indian Navy claims to have disrupted an attack on an Excel Maritime panamax in the Gulf of Aden.
- Euronav delays newbuilds
Belgian tanker owner tosses suezmaxes on ice in response to dire market and $24m Q2 loss.
- No garbage at sea
Tougher control over getting rid of garbage welcomed by environmentalists.
- SBLK slips in Times Square
Shares of Nasdaq-listed bulker owner plunge 16% after pricing follow-on fundraiser.
- Wellington in PGS splash
US asset manager takes a near $15m chunk of stock in Oslo-listed Petroleum Geo-Services.
- Palermo protest
Fincantieri workers climb on top of crane in Sicily to demand government help to save their shipyard.
- Golar gunning for four
John Fredriksen-owned LNG firm expected to turn in higher profit next year amid regasification project awards, Lazard says.
- Bart departs
Decision to run down loan book hastens departure of Lloyds Bank ship finance head Bart Veldhuizen.
- Cargill takes panamax
New York-listed Diana Shipping secures fresh term work for one of its bulkers at a greatly reduced rate.
- Tax temptation
Taiwanese register could be boosted by influx of ships as country introduces tonnage tax.
- FPSO damage costs Maersk
Danish owner will lose 5.3m barrels of oil and DKK 350m in profit as Gryphon A unit is repaired.
- New low for SFI stock
New York-listed shipowner sees its shares strike the lowest note in a year.
- Lines delay again
MSC, Maersk and CMA CGM will not now launch a third Asia to US string until next year.
- Socatra eyes two tankers
French owner will declare options at Hyundai Mipo after investment group Tikehau pumps in cash.
|JULY 19, 2011|
- World Container Index
- FedEx Launches ocean choices portfolio
FedEx said its FedEx Trade Networks freight forwarder arm will begin offering three distinct ocean forwarding products including a new priority product for full-containerload and less-than-containerload shipments from three select ports in China. ...
- New containerships to set record in 2013
New containerships with a record 1.73 million TEUs of capacity will be delivered in 2013, mostly larger ships, said information service Alphaliner in its latest weekly newsletter,excerpted here . That number could grow as some shipyards still have ...
- MSC: Indonesia inbound congestion worsens
Liner carrier Mediterranean Shipping Co. said surging cargo demand in Indonesia is causing congestion in the nation's ports. In a note late last week, the line said it has begun assessing a $100-per-TEU congestion surcharge for inbound cargo to the...
- Drewry freight index to start in September
Drewry Shipping Consultants and Cleartrade Exchange plan to start their Europe-based container freight rate index in September, the companies said this week. Drewry and Cleartradein early May announced plansfor such an exchange, covering 11 trade ...
- Zim drops Israel/Africa service
Zim has suspended a service connecting Israel with South Africa and east Africa. The line's EAS service, originally run with two vessels, had a rotation of Durban, Dar es Salaam, Mombasa, Djibouti, Port Said, Haifa, Djibouti, Mombasa and Durban. Zi...
- CMA CGM, Hapag-Lloyd add Genoa to Australia loop
CMA CGM and Hapag-Lloyd will switch Italian port calls in September on a Europe/Australia service they jointly operate. The lines will add a call at Genoa and drop a call at La Spezia on the service -- called Nemo by CMA CGM and EAX by Hapag-Lloyd....
- Dole to take slots on Maersk's Expreso service
Dole to take slots on Maersk's Expreso service Dole to take slots on Maersk's Expreso serviceWith its ship theVliet Tradergoing into dry dock for an extended period of time, Dole said it will charter space from Maerk's Expreso service to continue...
- Carriers drop Qingdao call due to fog
A Zim-operated Asia/Black Sea service on which the Grand Alliance and China Shipping take slots will drop a call in Qingdao later this month due to fog and congestion at the Chinese port. Alliance member Hapag-Lloyd announced the dropped call late ...
- Total Transportation to buy hydrogen trucks
Logistics company Total Transportation Services Inc. plans to purchase 100 hydrogen-powered trucks. Vision Industries Corp. said it has received a letter of intent fromRancho Dominguez, Calif.-based TTSI to purchase the hydrogen fuel cell-electric ...
|JULY 19, 2011|
- Fujairah market steady
Quiet day in Suez market.
- TWI 'value spread' holding near $200 pmt
Viswa Lab's fuel value benchmarking system calculates large differences between 'best' and 'worst' quality fuels.
- Prices down in most key ports
'Very busy day in Gibraltar', player tells Bunkerworld.
- IMO details MEPC 62 achievements
Environment meeting 'completes packed agenda'.
- IMO to develop further guidelines regarding sulphur limit compliance
Varying port state control practices create need for ship fuel tank sampling guidelines as many do not test the MARPOL sample.
- Continuing strikes halt bunker operations in Cape Town
Rise in demand for products in Durban.
- No clear direction for bunker prices at major ports
Bunker deliveries at Korean and Japanese ports affected by bad weather.
- Typhoon affects bunker operations in Korea, Japan
Typhoon Ma-On to move within 120 km from Osaka on Wednesday.
- Volga Shipping orders 50 dual fuel engines
'Single largest order for Wärtsilä 20 marine engines' in Russia, says director at Wärtsilä Ship Power.
- Bunker arrest cases get mixed results
Court proceedings in Japan and China concerning FSL Trust vessels previously arrested over unpaid bunker claims yield different results.