|JANUARY 21, 2011|
- Boat Asia 2011 expands beyond Keppel Bay
BOAT Asia is going to be held in two places for the first time this year. In addition to the existing show at Keppel Bay from May 12-15, a new show will run simultaneously at The Promontory-Marina Bay.
|JANUARY 21, 2011|
- China's GDP grows 10.3pc in 2010, exceeding expectations
- PSA International chief Eddie Teh to retire in August at 62
- Growth at world's top five container ports slows down
- Rising American exports reduce US trade imbalance
- Brazil fears trade war from currency manipulation
- Yantai port throughput exceeds 200 million tonnes
- Fujian provincial ports capacity to rise 16 million in five years
- Maersk Line resumes seasonal NZ relay service
- Queensland transport at standstill, state declared disaster area
- Germanischer unit upgrades hull classification, cuts fuel bill 10pc
- SriLankan Cargo volume up 23pc to 156,412 tonnes in 2010
- Israeli 2010 air freight volumes rise 10pc
- ANA may add Singapore, Vietnam cargo flights as intra-Asia trade grows
|JANUARY 21, 2011|
- 'With its great energy and infrastructural demands, India is a significant growth market'
- Call for weighing boxes before stowage
- World's largest heavy lift vessel touches Indian shore on its maiden voyage
- India, Peru to widen trade ties
- US Clean Ports Act 2010 lapses
- CONCOR Q3 net profit rises by 13.89 pc
- GAC in the driving seat for auto logistics
- Commerce Minister seeks easy credit flow to industry
- Direct tax collections set to touch Rs 4.5 lakh cr.
- India-UK sign pact on road projects
- Textiles Ministry seeks changes in cotton export quota norms
|JANUARY 19, 2011|
- TFG Transfracht expands service portfolio in Switzerland
Container transport service provider TFG Transfracht has augmented its intermodal service offer in Switzerland by connecting the country's Frenkendorf and Niederglatt terminals to ...
- Ceva Logistics announces new contract with Honda in Brazil
The Global logistics and supply chain management company Ceva Logistics has signed a contract with Honda Autom'veis do Brasil Ltda for the transportation and cross-docking of repla...
- Trace certification underlines GAC Nigeria ethical practices
GAC Clearing & Forwarding (Nigeria), part of the GAC Group, has been recognised for its commitment to strict ethical business practice by the major international anti-bribery a...
- GTT Logistics opens new branch office in Izmir
GTT Logistics, which was founded in 2003 as a member of the Dubai (UAE)-based GTT Group, recently opened a branch office in Izmir (western Turkey). The move came shortly after the ...
- Ricardo van Duijkeren named new head of airfreight Europe at Damco
Damco recently selected Ricardo van Duijkeren as its new head of airfreight for Europe. Van Duijkeren will take on this role on 1 February 2011 and bring over 30 years of airfreigh...
- E.R. Schiffahrt: record fleet growth in 2010
The Hamburg (Germany)-based shipping and ship management company E.R. Schiffahrt, which was established in 1998, reported that its fleet grew by a record 17 newbuildings last ...
- Thomas Ziegler new MD of Gefco Austria
The Austrian subsidiary of the French logistics service provider Gefco has a new managing director in the shape of Thomas Ziegler. He has a wealth of experience in the logistics in...
- Port of Long Beach posts record gains in 2010
The Port of Long Beach CA (USA) reported that its volume of containerised cargo rose by 1.2 million units in 2010, the largest single increase of any seaport in the USA, accor...
- Germany's inland shipping volumes up 13%
Germany's Federal Statistical Office (Destatis) reported that the country's inland waterways transported a total of 171.3 million t of goods (+13% or nearly 20 million t more) in t...
|JANUARY 20, 2011|
- BAE Systems to provide guns for Lockheed Martin LCS
- Todd gets mod to Coast Guard icebreaker overhaul contract
- Oceania Cruises takes delivery of newbuild from Fincantieri
- Olympic orders another OSV at Kleven Maritime
- Atwood exercises jack-up option at PPL Shipyard
|JANUARY 20, 2011|
- Portland Coast Guard unit conducts large-scale ship inspections
- Portland road repair project nets TIGER grant funding
- Customs agents capture counterfeit cigarette shipment
- Corps releases draft report on Bradford Island contamination
- Study finds nation's railroads help relieve traffic congestion
|JANUARY 20, 2011|
- Yard blast halts all Bangladesh breaking
High Court rules that permitted facilities must stop scrapping after Chittagong explosion
- Transatlantic MR rates edge upwards
- Monthly ore auctions to make rates more volatile
BHP Billiton shift would bring pricing closer to market-based system
- China blocks fully loaded Vale vessels from Qingdao
World's largest bulk carriers yet to receive permission to call at China five months before the first is delivered
- Take the opportunity to look at the bright side of change
PricewaterhouseCoopers and the Supply Chain Management Institute have devised an 'opportunity radar', which identifies 20 options for transportation and logistics operators
- Vale bullish on steel output prospects
Annual steel production rates forecast to settle at 4% to 8% in coming years
- Four cruise lines mull stationing ships at Greek ports
Move follows abolition of cabotage restrictions
- BP shares surge in wake of commission report
Investors could see part of the oil major's liability deflected
- US raises concerns over moves into deeper waters
Oil production from resources where exploration is currently prohibited could increase US crude oil output by up to 2m barrels per day
- Risk under the spotlight as regulators consider new drilling schemes
Reporting season in Washington garners a wealth of suggestions from industry and political groups
- Rosneft and BP brokershare-swap agreement
- Nautilus calls for action on piracy
Seeks meeting with UK government ministers in light of increased threat to ships and crew
- Kidnap for ransom on rise off Nigeria
Nigerian militants have switched their attention to hostage taking, with 18 kidnaps in 2010
- Answer to piracy attack patterns is blowin' in the wind
Research points to rise in attacks after ransoms have been paid
- Carnival more than doubles dividend
Increases quarterly dividend by 150% to $0.25 per share
- Maersk Training grabs stake in Petcon
Buys stake in stake in offshore oil and gas specialist training company
- Surge in Russian imports drive up TransContainer volumes
Intermodal operator sees 132% rise in year-on-year volumes
- HSH Nordbank appoints new head for Asia branch
Keng Mun Lee will lead the bank's Asian shipping team from its Singapore office
- Somali pirates hijack Vietnamese bulker
Hoang Son Sun captured 520 miles southeast of the Omani port of Muscat
- Banks reluctant to sell distressed assets
Struggling shipowners likely to get further reprieve from banks in 2011
- Shipping IPO prospects limited in 2011
Opportunities for container sector but equity market conditions must be right
- Small companies at risk from lack of bank credit
Industry could see more mergers and acquisitions as small and medium-sized firms struggle to raise finance
- Boost for Bremerhaven's offshore hub plans
Report backs Bremen's ambitions to build a terminal for offshore industry
- Hull takes renewable energy lead
ABP and Siemens to develop offshore wind turbine manufacturing and export plant at port
- Ports do not fit the bill
Ports need long-term investment, which is partly why the MSC offer is so interesting
- Keep it in the family
Family-owned businesses are the best model for shipping
- Chinese banks poised to fill financing gap
Loan syndications their biggest opportunity, says DVB Bank boss
|JANUARY 20, 2011|
- Mate pleads guilty in spill
A US TUG apprentice mate has pleaded guilty to violations stemming from a spill-causing collision with a tanker on the Mississippi River in 2008.
- Seaspan poised for acquisitions
BOX SHIP lessor Seaspan has announced a public offering of preferred shares to pay for more growth and revealed a new venture with Tiger Investments.
- US urged to think again on mariner checks
US AGENCIES monitoring illegal access to US ports by foreign seafarers should tighten risk assessment protocols, a government report has urged. Mariner
- BHP predicts long-term hit from flooding
FLOODING'S impact is expected sour operations for the rest of the financial year, BHP Billiton warned today.
- Carnival surprises on dividend
CARNIVAL Corp today announced a higher dividend increase than expected, driven by its surging free cashflow.
- 34 face discipline in NATO box thefts
AT LEAST 34 senior customs officers face disciplinary measures over thefts from NATO supply containers imported to Pakistan's ports, a senior government official told Fairplay today.
- Rouen sets cereal marks
ROUEN strengthened its position as the EU's cereals export leader by increasing that throughput by nearly one-third last year.
- Scrutiny ahead on coal consolidation bid
A MOVE by the owner of Queensland's Dalrymple Bay Coal Terminal to buy a rival export facility is being examined by Australian competition authorities.
- Be inventive, investors told
OWNERS will need to get inventive to drum up money for ship sales this year, a maritime financing conference heard today.
- Sweating out a 2,350% customs rise
A SUDDEN customs revaluation has led to more than 1,000 containers of toiletry imports being delayed in Karachi.
- Bangladesh deaths stir breaking ban
DHAKA High Court has ordered Bangladesh's government to halt all shipbreaking pending investigation of four deaths from an explosion.
- Oz reopens rail lines, but it's wet again
KEY PARTS of Queensland's deluged coal rail network are drying out and are operating again today after repairs.
- Shipping contraction seen
PERMANENT shipping sector contraction will result from 2010's economic woes, a maritime financing conference heard today in London.
- VLCC pace quickens as New Year nears
VLCC bookings are rising as the Chinese New Year nears, but the glut of available tankers has still capped spot rates at $13,000 per day, Singapore brokers told Fairplay today.
- FSL unveils 2010 losses
FIRST Ship Lease Trust in Singapore today announced $5.7M in losses for 2010.
|JANUARY 20, 2011|
- Road Builders Urge President to Lead on Transportation Bill
President Obama should take an "active and aggressive" leadership role to push Congress toward passing a comprehensive transportation spending plan,...
- RedPrairie Acquires Shippers Commonwealth
RedPrairie, a productivity software provider, completed the acquisition of Shippers Commonwealth, a software-as-a-service TMS and collaborative transportation software provider. ...
- Eno Transportation Foundation Names President
The Eno Transportation Foundation appointed Joshua L. Schank president and chief executive officer and promoted Barbara Gannon to executive vice...
- Former Starbucks Executive Joins Tompkins Associates
Mark McCallister, former director of strategic planning and engineering with Starbucks Coffee, joined Tompkins Associates, a global supply chain consulting...
- UP Sees Truck Partners Using Intermodal More
Union Pacific Railroad's partner trucking companies are indicating they want to push a greater share of the freight they handle...
- Mica Names Transportation Subcommittee Chairs
The roster of the House Transportation and Infrastructure Committee for the 112th Congress is now complete as Chairman John Mica,...
- Great Lakes Port Cargo Rebounds 33.4 Percent
Dry bulk cargo rebounded 33.4 percent in the 2010 season at the Port of Duluth-Superior, driven by strong surges in...
- NY-NJ Mob Bust Nets 18 Waterfront Figures
Several current and former International Longshoremen's Association officials were among 18 waterfront figures charged as part of a federal crackdown...
- American Feeder Lines Plans Atlantic Short-Sea Service
Construction on the first of a string of 10 small container ships could begin as early as April, but officials...
- Costs Flatten Profit for Transport Corporation of India
Transport Corporation of India boosted overall revenue 16.5 percent year-over-year in the third quarter ending Dec. 31, but net income...
- Truck Sales Hit Highest Monthly Peak Since 2006
Heavy truck sales hit their highest point since May 2006 in December, as trucking companies put newfound profits into new...
- US Steel Exports Climb 2.2 Percent in November
U.S. steel exports posted a month-to-month increase of 2.2 percent in November despite a decline in shipments to the largest...
- Rail Leaders Head to White House
U.S. rail industry leaders plan to meet next week at the White House with Austan Goolsbee, chairman of the president's...
- Russia's National Container Boosts Traffic 13 Percent
National Container Company, Russia's biggest container stevedore, increased traffic 13 percent in 2010 to 1.3 million 20-foot equivalent units from...
- Seaspan Plans to Issue Preferred Stock
Container ship owner-charterer Seaspan said it plans to issue preferred stock to raise money for general corporate purposes that may...
- Singapore Changi Freight Grows 11 Percent
Singapore Changi Airport reported an 11 percent increase in freight tonnage in 2010 over the previous year. That still left...
- French Ports Face Four Days of Strikes
French ports are bracing for four consecutive days of nationwide strikes from Friday, Jan. 21, following the breakdown of talks...
- UP Net Profit Jumps 41 Percent to $775 Million
Union Pacific Railroad, capping what it called the most profitable year in the railroad's history, reported a $775 million net...
- Oakland Imports Grew 14.5 Percent in 2010
The Port of Oakland in 2010 reported strong growth in containerized imports and in total container volume, and a slight...
- Diesel Price Soars 7.4 Cents
Average diesel fuel prices leaped 7.4 cents a gallon across the United States in the past week, the sharpest increase...
|JANUARY 20, 2011|
- Shipper bodies reignite Shipping Act reform
- Hu wows the US with a pot of gold
- Somali pirates take Vietnamese-owned bulker
- ZIM launches Tampa-Mexico service
- CSCL predicts 'significant' profit
|JANUARY 20, 2011|
- Citadel saves MISC ship
Crew of Malaysian chemical carrier presumed 'safe' as botched pirate attack unfolds in Arabian Gulf, sources say.
- Traders tap Ultragas pair
Venezuelan energy giant tipped as charterer in $2m LPG deal with Chilean shipowner, brokers say.
- CMB escapes dry drop
Secure charter strategy helps Compagnie Maritime Belge battle bulker blues in the fourth as Bocimar braces for more deliveries.
- Seaspan eyes Tiger scheme
New York-listed liner group ponders $100m alliance with Tiger Group Investments, prospectus reveals.
- Syrian bulker hijacked
Khaled Muhieddine K hijacked by pirates in Arabian Sea just after Greek bulker escapes.
- Carnival hikes payout
Micky Arison-led cruiseship owner more than doubles its dividend as pace of newbuilding arrivals slows.
- HSH signs new Asian boss
German shipping bank nabs Keng Mun Lee as it eyes growth in Asia in "more balanced" year.
- Bulker finds modern Mary Celeste?
Amorita gets no response from Taiwanese fishing vessel which issued emergency call off Hawaii.
- Apprentice pleads guilty
Tug mate left alone by captain before causing oil spill by hitting tanker Tintomara in Mississippi River.
- Vosco fixes supramax finance
Vietnamese owner borrowing $28m towards cost of buying D'Amico's bulker Medi Cork.
- Debut dip for Diana
Diana Containerships tumbles on the Nasdaq as parent's shareholders take an extra pay day.
- Bangladesh puts brakes on
High Court calls new halt to shipbreaking and issues ruling against yard owner where four killed in explosion.
- Taiwan pact planned
Container lines propose strategic alliance to boost cross-Strait rates.
- Stig strikes again at Kleven
Stig Remoy's Olympic Shipping picks up a former Boa PSV in a deal which saves jobs at Norwegian yard.
- Ugland attackers bite bullet
Armed security team on Norwegian's tanker prevent hijacking as Torm and Thoresen ships also escape.
|JANUARY 20, 2011|
- Alibaba.com offering shipping service
China-based e-commerce company Alibaba.com, which sells everything from computers to steel pipe, has introduced a new warehouse, shipping and logistics service. It said the Fulfillment by AliExpress service would use bulk shipping deals and combin...
- Biodiesel, wind-powered product labels promoted
The U.S. Department of Agriculture''s BioPreferred program will now include a voluntary product certification and labeling program for qualifying biobased products. This new label will clearly identify biobased products made from renewable resourc...
- U.S., China announce progress on trade, IPR
President Barack Obama announced $45 billion worth of export deals with China on the first full day of Chinese President Hu's visit to Washington. The two leaders met with top U.S. business leaders and discussed a range of national security, trade...
- Port-rail agreement to link Cleveland shippers
The Cleveland-Cuyahoga County Port Authority in Ohio on Wednesday approved an agreement with Cleveland Commercial Railroad Co. (CCR), a short line railroad that already operates two lines totaling 23 miles that serve a portion of Cleveland's indust...
- Chu moves up to COO at Cathay
Cathay Pacific Airways said Thursday it has promoted Ivan Chu from director of service delivery to chief operating officer, effective March 31. Chu will replace, John Slosar who will become Cathay's chief executive on March 31, when current CEO Ton...
- Zim to start Mexico service
Zim will start a direct weekly container service between Mexico and Tampa, according to the Tampa Port Authority. The Mexico Tampa Express Service (MTX) will use two ships chartered by Zim of 550- and 700-TEU capacities with a rotation of Kingston,...
- CSAV slows down India/Europe service
A CSAV service linking the Indian Subcontinent and Middle East with Europe has begun slow steaming, according to American Shipper affiliate ComPair Data. The Chilean line has added an eighth vessel to its IMEX service with no changes to its rotatio...
- APL ship testing seawater scrubber
An innovative air pollution-reduction device called the "seawater scrubber" will be tested on an APL containership as part of a $3.4 million project co-sponsored by the ports of Los Angeles and Long Beach and starting this spring. Seawater will be...
- 'Looming crisis' in port, logistics spending
A new report said a "business as usual" scenario over the next 20 years would result in critically low investment in infrastructure, with only China, the European Union and perhaps the United States having the capacity to sustain needed investment...
- $45 billion worth of export deals
|JANUARY 20, 2011|
- Vessel built in 2003 to be recycled at Esbjerg
The Danish recycler Smedegaarden has purchased the German multipurpose container vessel S. Gabriel, the youngest vessel ever to be recycled at the Danish plant. The S. Gabriel was delivered in
|JANUARY 20, 2011|
- Rotterdam softens after firm start
European hub reacting to big drop in oil prices while others markets held firm Thursday.
- Crude dips on concerns of Chinese economic growth
'Worries about what actions China will take to slow the economy are sending the market lower.'
- Fujairah little changed while prices rise elsewhere
Declining crude oil prices yet to take effect in regional bunker markets.
- Shareholders approve Titan shipyard sale
Special General Meeting backs sale of equity stake.
- 'Ground-breaking' collaboration cuts air pollution in Oslo
Color Line, Port of Oslo, Bellona and Hafslund Nett worked together to bring shore-based ship power to Norway's capital.
- Container fleet sailing speeds at three-year low
Rising bunker costs keep slow steaming on the agenda.
- Used lube refining plant opens in Bahrain
Recycling plant will produce fuel oil and base oils.
- Container sector being squeezed as fuel costs rise
Overcapacity and a slowdown in the rate-of-growth for demand put pressure on earnings.
- Singapore fuel oil stocks climb from 15-month low
Demand for material generally falls during Chinese New Year, says trader.
- Asian IFO prices firming
Demand mostly 'average' at Asia's key bunkering hubs, traders say.
- Singapore bunker brokering house moves
Move will take effect from January 24 onwards, says manager.
- Houston fuel oil terminal to expand storage facility
Terminal to up capacity by 2.7 million barrels of residual fuel by 2012.
- Singapore LNG terminal sees bunker potential
'If LNG is going to go into ships as fuel we want to be thinking about having a play in that area.'
- UK maritime association warns members to avoid FAME
FAME in low sulphur diesel fuel has 'serious detrimental effect' on some marine engines.
- Tight avails persist in Busan
Hyundai Oilbank suspends bunker deliveries to bonded bunker market due to domestic demand.