|APRIL 21, 2011|
- Call to bolster public-private anti-piracy drive
Diplomats and shipping industry officials wrapped up a counter piracy conference in Dubai on Tuesday by calling for a stronger public-private effort to tackle Somalia-based pirates preying on international shipping.
- Mid-East to Asia oil shipping cost slumps
The cost of shipping Middle East oil to Asia, the world's busiest route for supertankers, fell for a seventh day as an excess supply of vessels cut the amount that owners could charge for charters.
- New cruise ship terminal plan ignites clash in Charleston
A plan to open a new cruise ship terminal next year has ignited a debate over the future of this historic city.
|APRIL 21, 2011|
- OOCL first quarter revenue increases 17.2pc to US$1.32 billion
- AADA levies BAF at US$600/TEU from Far East to Australia from May 21
- Wan Hai, Evergreen, Interasia to launch Taiwan-Chennai service
- ANL offers China, Australia to Papua New Guinea service
- French dock unions make peace with government, employers
- Somali pirates force boxships to abandon cost-cutting slow steaming
- Sony mulls long summer shutdown, having staff in early to maximise daylight use
- Singapore's CWT Globelink expands to Costa Rica and Guatemala
- FS Mackenzie starts Europe-Iraq express trailer service
- MOL's optimum trim system raises ship fuel efficiency 4pc
- Kuehne + Nagel offers quality control services in Shanghai
- New Zealand prosecutors drop cartel case against Air NZ execs
- Crushed by debt, Vietnam's Trai Thien heads into bankruptcy
- Dubai customs seize three kilos of opium in air mail bound for Asia
|APRIL 21, 2011|
- Shipping fraternity flays Somali pirates for Judas kiss
- Basmati exports hit due to Iran payment snag
- 2005 port tariff guidelines to apply for one more year
- CoPT agrees to resolve coir exporters' problems
- DP World sponsors new Seatrade Special Award recognising contribution to fight against maritime piracy
- Global container throughput bounces back to record high in 2010
- FinMin wants India-Mauritius tax pact to have more teeth
- India: Housing debt just 10 pc of GDP
- India-Japan Q1 trade figures to be hit
- Indias GDP to grow by 8.8 pc: CMIE
- Nine pc growth for 2011-12 not easy: Montek
- Traders not excited by govt nod for 5 lt sugar exports
|APRIL 20, 2011|
- KLM now offers ULD space on Tel-Aviv flights
Starting today, the Dutch airline KLM is replacing the Boeing B737-900 aircraft which was deployed on the carrier's daily Amsterdam - Tel Aviv (Israel) service, with Boeing B7...
- Turkey issues more carnet TIRs in Q1/2011
According to the trade and TIR department of the Union of Chambers and Commodity Exchanges of Turkey (T'rkiye ve Odalar Borsalar Birligi), the number of carnet TIRs that were issue...
- MAN Truck & Bus AG to set up vehicle production plant in Russia
The vehicle manufacturer MAN is to build trucks at a location in St Petersburg (Russia) for its target markets in that country, as well as in Belarus and Kazakhstan. It is planned ...
- Ports of Los Angeles and Long Beach: study of truck queuing and terminal visit times
PierPass Inc and Ability/Tri-Modal Transportation Services Inc have released the results of a study that uses global positioning system (GPS) tracking to provide facts that the por...
- Sri Lanka Railways sees freight transport rising
The Sri Lankan Central Bank has reported that the transport of goods on the state-owned railways (SLR) increased by 44% last year. The rising goods kilometreage helped SLR to ...
- USA: study designates Crescent Corridor as a high-priority project
A new freight study submitted by Cambridge Systematics for the Virginia Department of Transportation Multimodal Transportation Planning Office, identifies the projects that are mos...
- UK: GBP 9 millions for rail development at brownfield site
The British government has promised GBP 9 million (about EUR 10.18 million) funding for the Mersey Multimodal Gateway, near Widnes in northwest England, which is being developed by...
- Turkish Airlines postpones Basra launch
Turkish Airlines has revised its planned service date launch on the Istanbul Ataturk ' Basra (Iraq) route. The new launch date is now scheduled from 23 May instead of 11 May 2011 (...
- Open day at Friderici
Friderici Special SA, a transport company based in western Switzerland, is having an open house at its headquarters in Tolochonaz on 6 and 7 May. Visitors will be able to ride...
- CMP reports 2010 net sales and results
Copenhagen Malmö Port (CMP) posted a pre-tax profit of SEK 116 million for 2010 (2009: SEK 128 million). The weaker result is a natural consequence of the general economic slowdown...
- HRCI: hardly any movement on the containership charter market
The Howe Robinson Container Index (HRCI) decreased by 0.3% from 909.5 points for the week ending 8 April to 909.2 points for the week ending 15 April. The HRCI thus regis...
- APM Terminals expands into eastern Black Sea port
In line with APM Terminals investment strategy in high growth markets, the company has announced the acquisition of an 80% share in Poti Sea Port, which is located on Georgia's Bla...
- More success for Dnata's safety accreditation
The ground handling company Dnata, a member of the Emirates Group, has achieved another milestone on its way to achieving the Iata Safety Audit for Ground Operations (ISAGO) certif...
- New sales manager for Emirates Switzerland
Emirates Switzerland has appointed Nicolas Tanner as sales manager for Geneva, with effect from 1 May. Tanner will also be responsible for the Swiss canton Ticino...
- ITG celebrates 30th anniversary
ITG GmbH Internationale Spedition + Logistik, a firm based in Schwaig near Munich (Germany), is completing 30 years of service this month (April 2011) and transferring the company ...
- Damco opens new warehouse in Vietnam
Damco, the A.P. Moller-Maersk Group's logistics arm, has opened a new 26,000 sqm distribution centre in Binh Duong, 30 km from Ho Chi Minh City to support its growth in both its in...
- Cargo-Partner inaugurates new location in northern China
Cargo-Partner, a global transport and logistics service provider based in Austria. recently phased in its own facility in Tianjin in northern China. The new centre is ...
|APRIL 20, 2011|
- Hydrex performs simultaneous stern tube seal and propeller repair in New York
- Pirate suspects transferred to Seychelles for prosecution
- Cape Wind a step closer to starting construction
- STX Finland President is replaced
- Kvichak delivers push boat
- ABS to class Mexican-built jack-up rig
|APRIL 20, 2011|
- NYK containership rescues crew of burning fishing vessel
- Cofferdam completed surrounding grounded vessel in Columbia River
- Lloyd's List calling for annual awards nominees
- Port of Coos Bay employees honored for safety efforts
- Shuttle links Everett marinas with Tulalip Resort Casino
|APRIL 20, 2011|
- Battle to win cargoes drives VLCC rates to six-month low
But improved earnings should be on the horizon for shipments from the Middle East to Asia
- Boxship rates hover on uncertainty
Fears of poor results among container lines as high fuel costs and low freight rates hit home
- Harbour expansion boost for coal
Port Waratah Coal Services, operator of two export terminals at Newcastle, Australia, approved a A$227.4 m ($241m) expansion at the harbour that will increase its shipping capacity by 28%
- Gulf signs Chinese VLCC deal
Gulf Navigation Holding PJSC, Dubai's only publicly-traded oil tanker owner, has signed a 10-year agreement valued at $284.7m to charter out two 320,000 dwt very large crude carrier newbuildings to Grand China Logistics Holding
- Naphtha shipments to Asia fall
European refiners may send the fewest naphtha shipments to Asia in six months as they cut processing while a nuclear crisis delays a recovery in Japan's petrochemical demand
- BHP sees iron ore output surge as coking coal falls
BHP Billiton has reported record iron ore production in the first nine months of its financial year, in contrast to metallurgical coal volumes that have been weakened by continued wet weather in eastern Australia
- Grand China aims to become global box player
Newcomer eyes other longhaul markets after launching transpacific service
- Firms vie for counter-piracy training deals in Somalia
Serious concerns by UN over multi-million-dollar contracts with private security companies
- Room to grow
If CMA CGM can secure capital market backing, why not others?
- Senators' sense
We are pleased to learn that two US senators have tabled a bill that would at least suspend the impossible deadline for 100% scanning
- Ghent clears K Line car carrier of radiation
Shenandoah Highway left port of Yokkaichi on day of the earthquake and tsunami
- CMA CGM bond issue shows faith in box sector
Investors see potential for returns despite company's debts
- Forwarders urged to lobby OfT over Southampton fee
UK freight forwarders asked to write directly to the Office of Fair Trading to complain about levy
- Eurogate poised for profits rise
Expects profits to rise again this year on the back of increasing cargo volumes
- Maersk leads the way in box indices breakthrough
Carrier inks multi-year contracts linked to Container Trades Statistics price indices
- Strikes hit Marseilles-Fos throughput
First quarter oil and gas volumes up 9% but general cargo and box traffic slump
- French ports poised for cargo revival
Agreements on port reforms put end to series of strikes by dockworkers
- Bremerhaven gears up for US box scans
Preparations going ahead for 100% checks despite latest proposal to waive requirements
- NCSP beats grain export ban
Rise in box volumes and non-ferrous metals help company post profit rise
- Bigger fleet boosts Navios Partners earnings
Dry bulk carrier owner shrugs off effects of Korea Line charter and posts 32% rise in first quarter profits
- US bill seeks to waive 100% box checks
Proposal to waive need to scan all incoming containers at all foreign ports
- Order glut at risk from lending black hole
Most contracts are now agreed without finance in place and with lending tight questions are being asked as to how many ships will actually be delivered to their original buyers
- Officers die in CMA CGM lifeboat drill
Incident occurred onboard boxship Christophe Colomb
- Decision allows amendment of long-established system
High Court ruling has major implications for contracts using Scott v Avery arbitration clauses
- Clear words are needed for entire agreement clauses
Contracting parties want certainty their contracts set out their full contractual terms
- Permits adding to problems with piracy
Effects of piracy problems off the coast of Somalia and out into the Indian Ocean now causing additional concern for P&I Clubs
- Orders up 32% at Chinese shipyards
New orders at Chinese shipyards reached 10.9m dwt in the first three months of 2011
|APRIL 20, 2011|
- Capacity boosts Navios
ANGELIKI Frangou-led Navios Maritime Partners today reported a strong start to the year with a 32% rise in first-quarter profits
- US wind farm approved
THE HEAVY-lift sector is likely to benefit from of the first US wind farm after its construction permit was approved by government officials
- NSCSA profits fall 54%
NEW VLCC spot market entrants were the main factors in a 54% drop of Q1 net profits, National Shipping Co of Saudi Arabia said today
- Dispute costs Latvians
LATVIA'S oil terminal operator Ventbunkers, based at Ventspils, handled 44% fewer products in first-quarter 2011, against 1Q 2010
- Straits Asia profits rocket
SINGAPORE-listed Straits Asia Resources expects to be boosted by strong demand from China and India for coal shipped from Indonesia after posting a major rise in profits
- Poten rejects biofuel concerns
POTEN & Partners has rejected fears that the increased use of biofuels in the US could hurt the VLCC market in the next few years
- Ro-ro fall hits Japan exports
A DROP in shipments of cars has reportedly contributed to worse export figures than expected for Japan, which is struggling to recover from last month's quake crisis
- NYK ship saves fishermen
AN NYK Line ship has rescued 27 fishermen after their vessel caught fire 870km east of Guam, the company said today
- Euronav tips pool pain
RESULTS of Belgium's Euronav point to weak first-quarter returns for other participants in the Tankers International VLCC pool
- Indonesia to ship 1M tonnes of LNG to Japan
INDONESIA will reportedly ship 1M tonnes of LNG to Japan this year under a deal involving two utilities
- Pacific Basin trumpets recovery
HONG KONG drybulk carrier Pacific Basin has said rising rates for small ships have enabled it to recover from January losses
- Supramax rates damped
MONSOONS are stunting rates for Supramaxes carrying iron ore from India to China, Singapore brokers told Fairplay today
|APRIL 20, 2011|
- US Freight Rails Hiring Rises Sharply
The seven largest freight railroads had more workers in their U.S. operations as of mid-March than any time since February...
- UP 1Q Net Jumps 24 Percent to $639 Million
Union Pacific Railroad saw its profit rise 24 percent from a year earlier to $639 million in the 2011 first...
- Concor Annual Profit Jumps 5.5 Percent
State-owned rail operator Container Corporation of India reported a $184 million net profit for fiscal 2010-11 ending March 31, up...
- Truck Maker Paccar Profit Nearly Triples
Strong heavy-duty truck sales drove first-quarter revenue up 47 percent to $3.28 billion at Paccar. Excluding financial services, net sales...
- Homeland Security Launches Threat Level System
The rainbow-hued terrorist threat warning system devised by the Bush administration will be given the coup de grace Wednesday as...
- Q&A: The North American Marine Highways Conference
JOC Editor R.G. Edmonson discusses prospects for growth in use of marine highways in North America on the conclusion of The...
- Trucker Heartland Express Boosts Profit 25 Percent
Heartland Express increased operating revenue 10.4 percent to $127.7 million in the first quarter, raising net income 25.2 percent to...
- Truck Part Sales Drive Growth, Profit at Eaton
Higher demand for heavy trucks helped boost revenue and earnings at component manufacturer Eaton, which reported $3.8 billion in total...
- Drewry Trans-Pacific Spot Rate Climbs 6 Percent
Spot freight rates on the trans-Pacific broke a 16-week downturn this week, as the Drewry benchmark for shipping a 40-foot...
- Georgia Port Volume Grows as Ro-Ro Surges
The volume of containers handled by the Port of Savannah increased 4.5 percent in March from the same month last...
- Japan's Exports Suffer from Tsunami
The March 11 earthquake and tsunami that hit northeastern Japan disrupted trade as much as they ravaged the countryside. ...
- UP Steadily Restoring Freight Capacity
Union Pacific's freight volume is increasing steadily since the depths of the economic recession, but there is no concern in...
- CSX Earns $395 Million in 1Q, Up 30 Percent
Eastern-U.S. rail giant CSX Transportation earned $395 million in the January-March quarter, up 30 percent from the 2010 quarter as...
|APRIL 20, 2011|
- Container manufacturers and ocean carriers accused of scaremongering
- Asia-Europe tradelane sinks into the red
- Boxship charter market turns
- Asian growth for Tesco
- PANYNJ gears up for Panama Canal expansion with intermodal drive
|APRIL 20, 2011|
- Driller mum on casualty report
PetroSaudi Oil Services says "no comment" when pressed about alleged allision involving drillship off Venezuela.
- Euronav fuels upgrades
Equity analysts revisit rate and performance estimates as Euronav pool partner prepares for earnings season.
- Trouble in KG universe
UK financier joins Germany's Komrowski Group in bailing out ailing containership owner.
- Claus Waaler dies at 68
Top tanker broker dies after short illness following a lifetime working for some of the biggest names in shipping.
- Wartsila profits rebound
Finnish engine manufacturer sees profits rise and forecast strong growth in ship power.
- China offers hope
China's need to replenish coal stockpiles may lend support to struggling capesize and panamax rates, analyst says.
- FBR's tanker prophecy
New York-based equity analyst says now is the time to scoop tanker stocks as rates and orderbook near rock bottom.
- Pay-cut for Genco ship
Capital Bulk picks up a bulker from New York-listed owner at nearly $6,000 a day less than its previous contract, brokers say.
- Navios Partners spot on
Angeliki Frangou-led bulker owner sees first quarter profit match up with Wall Street forecasts.
- CMA CGM loses bunker row
French container line ordered to pay $4.5m arbitration award it refused to honour.
- New orders boost Keppel
New orders see Singapore-listed company make a strong start to 2011.
- Tanker trouble for FSL
Singapore-listed trust books first quarter reversal with spot trading duo to blame.
- Heikinheimo quits again
Juha Heikinheimo exits STX Finland Oy less than a year after returning to the top job. Su-Jou Kim will fill the void.
- GulfNav's VLCC double
Dubai-based company orders a pair of VLCC newbuildings and inks charters agreements.
- Big John to dominate LNG
John Fredriksen is cornering the market with Golar, says analyst amid suggestions Daewoo and Hyundai will join in order feast.
|APRIL 20, 2011|
- Mexican AEO program nears pilot stage
Mexico Customs will launch a pilot of its version of a supply chain security program for trusted shippers in May, an agency official confirmed last week. The Alliance for Secure Commerce is being developed in the mold of the U.S. Customs-Trade Par...
- Hub Group sees 21% profit rise
Hub Group said it had first quarter net profit of $10.4 million, 21 percent more than in the same 2010 period. Revenue was $485 million in the period ending March 31, 16 percent higher than in the first quarter of 2010. "At the start of our 40th y...
- CSX reports first quarter profit up 30%
CSX said Tuesday it had a record first quarter net profit of $395 million, 30 percent more than in the same 2010 period. The railroad said revenue for the period ending April 1 was $2.8 billion, 13 percent higher than the first quarter of 2010. Th...
- NYK ship aids stricken vessel in South Pacific
An NYK multipurpose containership rescued 27 fishermen about 540 miles east of Guam, the line said Wednesday. The rescue occurred Sunday, when NYK'sSouth Islander,a 18,174-ton multipurpose containership, aided the stricken fishing vesselDaiichi Sho...
- Horizon names Hamlin senior VP operations
William A. Hamlin has been named senior vice president of operations for the Horizon Lines LLC. Hamlin will oversee Horizon Lines' ocean transportation services, inland services, the order-to-cash cycle, maintenance, safety, security, network oper...
- Horizon ship damages Houston crane
A Horizon Lines ship damaged a crane at the APM Terminals facility in the Port of Houston April 14. The two companies issued a press release Monday saying they had "amicably and very quickly resolved the damage issue" and that theHorizon Challenger...
- Wan Hai, Evergreen add Taiwan/India loop
Wan Hai, Evergreen Line and Interasia Lines will start a service linking Taiwan and southern India at the end of the month, Evergreen said Tuesday. The weekly service, which Evergreen calls the Taiwan-Madras Trunk (TMT) service, will have a rotatio...
- OOCL 1st quarter volume, revenue rise
Hong Kong-based liner carrier OOCL said in an operational update this week that its first quarter revenue rose 17.2 percent to $1.3 billion. The line's volumes rose 12.6 percent to nearly 1.2 million TEUs, while loadable capacity increased 16.8 pe...
- 1st quarter results
OOCL 1st quarter volume, revenue riseHong Kong-based liner carrier OOCL said in an operational update this week that its first quarter revenue rose 17.2 percent to $1.3 billion. CSX reports first quarter profit up 30%CSX said Tuesday it had a recor...
- Clearing hurdles
|APRIL 20, 2011|
- Crude rises as equities increase and dollar falls
Crude futures increase their highest in a month.
- Fujairah bunker prices firm
Avails 'fine' in Durban.
- Container line ordered to pay $4.5 million in bunker dispute
CMA CGM had claimed product was 'off spec'.
- Rotterdam: MGO prices gain double digits
Congestion reported in Gibraltar.
- Owners see attractions of LNG bunkers
Believe many of the problems associated with buying and using HFO bunker fuel, including disputes with suppliers, would be eliminated.
- Testing fuel on barges 'not practical'
WFS commercial director says pre-delivery tests would block the supply-chain.
- Players should 'abide by contractual relations'
Russian deputy transport minister in Novorossiysk talks.
- Mid-week IFO prices gain
Supplies sufficient at most key Asian ports.
- Bunker supplier to up LS MGO sales at Omani port
Offers LS MGO via truck at berth in Sohar.
- Singapore port operators voice support for cold ironing
Jurong Port and PSA Corporation to look into use of cold ironing in Singapore.
- ExxonMobil offers first high viscosity cargo for May loading
Cargo may be offered at lower premiums due to slack demand in the Middle East and ample supplies in Singapore.
- O.W. Bunker underscores benefits of mass flow meters
Mass flow meters will 'increase the level of trust' between suppliers and customers.
- South China fuel oil imports down in April
Fuel oil imports consist of mixed/cracked fuel oil for bonded bunker market.