|JUNE 21, 2011|
- UPS facilities in UK shut over security flaws
Shipping company UPS has been barred from moving aircargo through some UK facilities because of security flaws, the British government said after it carried out security tests.
- Baltic index flat on cape gains
The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, inched lower on Friday although further iron ore business provided support to the larger capesize market. Brokers said that fleet growth, especially in capesizes, was set to cap gains in the coming months.
- US charges Iran shipping firm for illegal transactions
An Iranian government-owned shipping line that the United States believes is integral to Iran's efforts to obtain banned technology for its nuclear and missile programmes has illegally funnelled tens of millions of dollars in financial transactions through the US banking system over the past three years, evading sanctions by cloaking itself in corporate alter egos and falsifying records, according to an indictment that the Manhattan district attorney planned to unseal yesterday.
|JUNE 21, 2011|
- Maersk sees wider opportunity in Africa as China trade booms
- US jails chief engineer 6 months for dumping oily waste at sea
- Haikou harbour undergoes comprehensive infrastructure upgrade
- Xinjiang road cargo movement grows 9.76pc in first five months
- Huanghua port throughput tops million tonne mark in May
- US Customs harmonise multi-agency data in single-window system
- American Cold War export controls eased to boost US foreign trade
- Maersk to levy US$320/TEU transpac peak season surcharge from India
- Indian container ports handle one per cent more boxes April-May
- Beihai airport cargo volume soars 83.9pc in first five months
- Missouri's Lambert China air freight hub hopes fading fast
- Etihad Airways, Jettainer make unit load device management deal
|JUNE 21, 2011|
- CARGOTEC to establish global competence centre in Singapore
- Change at the top at Rickmers-Linie in North America
- EMIRATES SHIPPING LINE joins COSCO on MEX service
- Hanjin Shipping & NYK announce joint service for Far East/Middle East trade
- Refloating of grounded vessel pushed back a fortnight
- Safmarine creating opportunities through education in Ghana's cocoa community
- Transpole Logistics opens office in Seoul
- MICT handling regular double stack rakes
- CONCOR's ICD-Khodiyar to be commissioned today
- Pharma exporters to get extra time for affixing barcodes
- Planning Commission sets bigger targets for Infra Ministries
- SEZs stand firm against Direct Taxes Code proposals
- Weakening prices may hit coffee exports
- Crude oil drops to 4-month low
|JUNE 20, 2011|
- Higher heavy duty road toll (LSVA) in Switzerland
In Switzerland the performance based heavy duty road toll (LSVA) will be adjusted by 0.97% against the inflation effective 1 January 2012. The rate increase will not exceed CHF 3 f...
- KION Group: Order intake rises to around EUR 1.2 billion, up 37 %
The KION Group, one of the two leading global manufacturers of forklift trucks and warehouse equipment, has started 2011 with a strong first quarter. Demand was up approximately 40...
- Daimler Trucks North America to ramp up production
Daimler Trucks North America (DTNA), headquartered in Portland, Ore., announced that it plans to sharply increase production and employment levels at its Mt. Holly, NC and Portland...
- UK: Schmitz Cargobull help S&J deliver for Palletforce
S&J European Haulage has added three new Schmitz Cargobull curtainsider trailers to its fleet. One of the new vehicles will be dedicated to work carried out by S&J for the ...
- SIBUR-Trans and Brunswick Rail announce partnership
Brunswick Rail, Russia's leading freight railcar operating lessor, and SIBUR-Trans, a subsidiary of the SIBUR petrochemicals holding, have signed an agreement whereby Brunswick Rai...
- Rail network in Europe is shrinking
The rail network in Europe continues to shrink. That is the result of so far unpublished figures from the European Commission according to which, the European rail network shrank b...
- Eurotunnel wins competitive tender from the Grand Port Maritime in Bordeaux
Groupe Eurotunnel has been chosen by the Grand Port Maritime in Bordeaux to prepare its Safety and Operating Regulations (RSE) reference document, as required by the Etablissement ...
- China will deliver first freight trains to France
China CNR Corporation and Atir Rail of France have signed an agreement for 20 railway ammonia tank cars and another 20 liquid gas tank cars. According to CNR the deal will mark the...
- P&O Ferrymasters Co-Hosts MEPs for Intermodal Spotlight
Logistics solutions specialist P&O Ferrymasters recently joined customer Procter & Gamble and two other leading advocates of intermodal transport to host a special display ...
- Metrans opens a new inland terminal in Ostrava
The German-Czech intermodal company Metrans has opened a new inland terminal to handle an annual cargo volume of 150,000 teu in Ostrava. With that, the subsidiary of Hamburger Hafe...
- Ataklar expands its trucking fleet
The Turkish logistics provider Ataklar, which is particularly active in the Italian-Turkish and Greek-Turkish traffic, has received, in the last couple of days, the first 35 of 150...
- In Denmark only B7 diesel can be fuelled
From 1 July 2011, the Danish oil companies will mix 7 % biodiesel in all diesel for road transport. The new diesel meets the European standard for diesel EN590, and the motor const...
- CMA CGM appoints Michel Sirat Group Chief Financial Officer
CMA CGM Group reinforces its financial organization with the appointment of Michel Sirat to the position of group Chief Financial Officer. With degrees from the Institut d'Etudes P...
- CSAV terminates trans-pacific service
The Chilean shipping company CSAV is going to terminate its ASIAM service in the Pacific as of 30 June. This is the reaction of the shipping line to the difficult circumstances on ...
- Kerry Logistics starts construction of Xiamen logistics centre
Kerry Logistics, a leading provider of logistics services, has started building its state-of-the-art logistics centre in Xiamen. With a total area of 42,600 sqm, Kerry Xiamen logis...
- Three-way partnership in emergency relief aims to help Africa help itself
World Vision, Agility and Advance Aid are delighted to announce a three-way partnership that will enable African-produced emergency relief goods to be provided to assist in African...
- GLS achieve good result for the financial year 2010/11
The Amsterdam based GLS Group recently announced the result for the financial year 2010/11. The pan-European parcel, express and logistics provider recorded satisfying increases in...
|JUNE 20, 2011|
- Seafarer piracy death toll climbs
- Donjon-SMIT refloats tanker grounded in Mississippi River
- New offshore wind farm in Irish Sea
- OSD-IMT to design cable layer for Boskalis-SMIT
|JUNE 20, 2011|
- Maritime Administration report finds more vessels calling at US ports
- Hanjin joining NYK in new Far East/Mid East run
- TITAN taps Jason Bennett as new commercial director
- Oil spill response exercise set for Whidbey Island area
- NYK expanding in China with new auto logistics business
|JUNE 20, 2011|
- VLGCs hold out for rate increases in third quarter
Butane demand from the petrochemical industry set to boost owners' confidence
- Handysize bulker prices on slide
New Century Overseas latest company to lose out on falling asset values
- Shell teams up with Russians on LNG deal
Shell has signalled its intent to extend its already significant global influence in the liquefied natural gas shipping market by signing up to a partnership focused on building LNG carriers in Russia
- Tsakos enters Neo Energy on four-year charter
Greece's Tsakos Energy Navigation has chartered out the 2007-built, 150,000 cu m liquefied natural gas carrier Neo Energy for four years
- Chinese breakers to capitalise as monsoons hit Indian subcontinent
With the Indian subcontinent submerged in monsoon rain, the focus of the demolition sector has shifted east to China
- Getting governance right
TTA seems willing to acknowledge that it needs to do more to ensure that shareholders are onboard with its evolving corporate strategy
- Variety does not mean spice for TTA
The company's policy of 'aggressive' diversification includes fertilisers and coal
- Mr Bee and the Thoresen Thai coup
Even if the dry bulk operator fends off the current shareholder revolt, can it convince other investors it will succeed?
- Why we need to keep bloodsuckers at bay
The shipping industry is working hard to be cleaner and greener all the time. It should, perhaps, be shouting more about what is being done, as the taxmen and carbon traders circle
- Revolution confusion
Many in the container industry are baffled by Eivind Kolding's call to arms
- Genco and Excel Maritime shares singled out by short sellers
New York-listed dry bulk operators are targeted aggressively
- HSH reduces reliance on state aid
Bank hails 'continuing stabilisation' as it trims loan guarantee requirement
- Cargo caused all 44 dry bulk deaths last year
Intercargo's annual report examines all of last year's fatalities and also examines the impact of piracy and the rise of Asian shipping
- Bankrupt Hawaii Superferry catamarans put up for sale
US Maritime Administration disposals mark a sorry end for what was once hailed as a pioneering project
- Liquidity looking for a home
Cash-strapped European shipfinance banks are prime targets for hungry Chinese institutions
- China Development Bank negotiates stake in Aegean Baltic Bank
Partnership to help unlock $5bn in funds earmarked for 'China-Greek Shipping Fund'
- Ransom team's jail terms unlikely to stop payments
Counterpiracy experts puzzled by surprise move that creates yet another problem for shipowners
- Eagle Bulk executive compensation voted through by shareholders
Company is to defend vigorously recent lawsuit alleging excessive payouts
- CIMB pessimistic on Asian container lines' prospects
Immediate outlook grim, says Malaysian investment bank as it downgrades NOL and CSCL
- Singamas forecasts first half profits to increase significantly
Bullishness attributed to growing demand and higher selling prices
- Hancock to export first Galilee basin coal
First shipment from huge Queensland fields to leave Gladstone port for South Korea on Sunday
- British, US pirate cash couriers jailed in Somalia
Long sentences for couriers who flew $3.6 m ransom cash for pirates into Mogadishu
- Great Eastern sells suezmax tanker
Mumbai-based line offloads tanker to unnamed buyer, reportedly for scrapping
- Vietnam turns to Interpol to track down two Vinashin executives
The accused fled abroad to avoid charges related to shipyard's financial woes
- Tanker optimism
The outlook for improvements in the tanker trades hinges largely upon demand that is sure to grow in Asia, and that appears unstoppable
- Shipping firms should insure for disruptions to trade
Contingent Business Interruption is called the most under-estimated risk in the market
- Eurostar withdraws Eurotunnel fire insurance claim
Eurotunnel sees move as 'major step' towards final settlement
- Shipping KPI project opens early
InterManager delighted as standard industry tool is up and running six months early
- Key features of KPI project
Aims of standard industry measurement tool include higher levels of safety and efficiency
|JUNE 20, 2011|
- Rolls-Royce penalty pared
A Miami judge has confirmed a jury's decision against Rolls-Royce related to the Queen Mary 2's faulty propulsion system - but damages have been reduced
- Treasury tightens sanctions
THE US Treasury Department today timed a raft of new sanctions against Iran's IRISL to coincide with New York City's criminal indictment
- STX offered 25% of new Russian yard
RUSSIA'S USC told Fairplay it has closed a deal to build a new St Petersburg shipyard for $720M
- Kremlin rejects grain export controls
RUSSIA'S farming boss has said the Kremlin has rejected calls for penalty duties or other controls to restrict grain volumes once exports resume on 1 July
- Suspects released after pirate attack
EU NAVFOR said today it has released four suspected pirates, despite believing them to be responsible for an attack on an LNG carrier in the Gulf of Aden
- Corpus Christi increasing export capacity
CORPUS Christi's port has told Fairplay it is spending $10M on rail improvements to address an expected jump in exports
- Athens defining shipping blueprint
YANNIS Diamantidis will reportedly remain in charge of the Greek shipping portfolio pending a presidential decree on a reformed maritime ministry
- Hanoi sends Interpol after Vinashin figures
INTERPOL has issued a global search warrant for two former officials of Vinashin, IHS Global Insight reported today
- SCI adds to S&P war chest
INDIA'S largest bank has concluded an external commercial borrowing for Shipping Corp of India, SCI said today
- Army disperses Suez protesters
EGYPTIAN troops have driven away workers attempting to storm Suez Canal Authority offices in Ismailia, IHS Global Insight reported today
- The Zoullases win Eagle pay vote
SHAREHOLDERS of NASDAQ-led Eagle Bulk voted in favour of an executive compensation plan, but the tally revealed significant dissention
- LNG worker shortage seen
OWNERS of LNG carriers have been warned to expect staff shortages over the next few years, particularly in Europe
- GPI shareholders seek high share price
THE THREE Russian shareholders who own Global Ports International have set a high target for an IPO in London this month
- Drybulk recovery stymied
RECOVERY remains elusive in the oversupplied drybulk sector, brokers said today, despite increased scrapping and slow steaming
- Progress made in Oz mine talks
A SERIES of stoppages at BHP Billiton-Mitsubishi Alliance coking coal mines in Queensland might be close to an end, with talks reportedly progressing
|JUNE 20, 2011|
- Army Corps, SCSPA Ink Charleston Agreement
The U.S. Army Corps of Engineers and the South Carolina State Ports Authority on Monday signed a cost-sharing agreement on...
- Retail Driving Demand for Industrial Property
Demand for big box distribution centers in major U.S. markets is propping up the industrial property sector, but activity is...
- Auburn University Studies LTL Pricing
Professor Joe Hanna discusses why LTL carriers are unhappy with their current pricing model, but reluctant to change, and why...
- APL Expands China-India Express Service
APL is expanding its China-India Express Service with a weekly call at India's Port of Pipavav, starting at the end of...
- ECT Rejects Report of MSC Stake
ECT, Rotterdam's biggest container terminal operator, denied reports that ocean carrier Mediterranean Shipping Co. acquired a significant stake in its...
- FMCSA Prepares for Cross-Border Trucking
A new cross-border trucking program with Mexico could be in place within two months, Federal Motor Carrier Safety Administrator Anne...
- US Freight Transshipments Up 8.5 Percent in 2010
The value of all the goods shipped between the U.S. and countries outside of North America that passed through Canada...
- Japan Posted Second-Largest Trade Deficit in May
Japan incurred a deficit of 853.7 billion yen ($10.67 billion) in its trade with the rest of the world in...
- DOT Stimulus Payments Reach $29 Billion
Payouts to states by the Department of Transportation for construction projects under the 2009 stimulus law totaled just below $29...
- CEVA Logistics Expands US Trailer Fleet
CEVA Logistics will lease more than 1,000 trailers from Ryder System, bringing its total U.S. trailer capacity to more than...
- Horizon Postpones Refinance Deadline Again
Horizon Lines announced a second one-week postponement of a deadline for securing bondholders' support for a plan to refinance the...
- New York to Indict Iran Shipping Lines
New York City's district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is...
- BNSF Under Buffet
When Warren Buffett announced late in 2009 his Berkshire Hathaway investment firm would buy up BNSF Railway, he said he'd...
- EU Probes State Aid for Leipzig-Halle Airport
European Union competition regulators launched an investigation into the German government's financing of Leipzig-Halle airport, DHL Express's European cargo hub,...
- Somalia Jails Six Over Pirate Ransom
Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly...
- Global Crude Steel Production Climbs 4.2 Percent
The global production of crude steel in the 64 countries reporting to the World Steel Association reached 130 million metric...
- Not All in the Family
For more than 80 years, Kane Is Able has been a family-owned and family-run trucking and logistics business, hauling freight...
- Roadrunner Restructures
Roadrunner Transportation Systems is running down more than one road. The company is expanding both segments of its...
- Rails Fight a Rising Tide
A tough weather year that started with blizzards is only getting worse for major North American railroads and their customers,...
- Nearer to On-Dock
U.S. East and West Coast ports may feel good about their efforts to develop the large marine terminals needed to...
- BRICs' Risky Business
Just when privately owned Domodedovo airport in Moscow was gearing up for its ambitious May initial public offering that would...
- Logistics Races Ahead of Economy
U.S. logistics costs rose 10.4 percent in 2010 as companies moved rapidly to take advantage of a recovering economy, and...
- Farm-Fed Recovery
The U.S. economy is heading inexorably toward its next growth cycle, with agricultural exports ripe to help drive expansion, economists,...
- Time for Change
Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for...
- Dumbing It Down
During a recent trip to Washington, D.C., I had the pleasure of catching up with an old friend who shared...
- No More Magic Pipe
The U.S. tries to keep foreign-flag ships from polluting U.S. waters, but not every operator gets the message. If the...
- Camiones for Commerce
In any discussion of trade facilitation and security along the U.S.-Mexico border, the cross-border trucking controversy is the elephant sitting...
- Two-Pronged Threat in Mexico
Trade along the U.S.-Mexico border is a delicate balancing act that has wobbled between facilitation and security for years. Even...
- Whose Return on Investment?
Warren Buffett's purchase of BNSF triggered a regulatory rate battle that could set a precedent for future railroad mergers or...
- BNSF's Top Team
Even before Berkshire Hathaway offered in November 2009 to buy the 77.4 percent of BNSF Railway the investment giant didn't...
- US Suspends Mail Delivery to Canada
The U.S. Postal Service stopped taking mail bound for Canada as a strike by Canada Post workers moved into its...
|JUNE 20, 2011|
- An executive lounge service for shippers in prospect?
'What if placing a shipping order was as easy as buying an airline ticket?' That was the question put to TOC Europe, Antwerp delegates earlier this month by Maersk Line ceo, Eivind Kolding, in his 'call for change' address.
- Two more ships released by pirates - hijackers more challenged
- Nigeria's box traffic soars in Q1 11
- Lyttelton back in action
- APL debuts 53ft containers in North America
- Tarros adds Mersin to east/West Med shuttle
|JUNE 20, 2011|
- Oaktree in $800m brawl
US private equity powerhouse's $100m IPO sheds light on legal battle involving Gulmar Offshore.
- Banks log Diana forecasts
Diana Containerships tops Wall Street hit lists as investment banks bet on growth potential.
- Voters back EGLE pay pack
Enraged shareholder fails to win the hearts of voters at Nasdaq-listed owner's annual pow-wow in New York.
- IRISL: fresh sanctions row
Iranian line and front companies cited in new US accusation involving $60m and US banks including JPMorgan Chase and Citigroup.
- Superferries back on block
US Maritime Administration prepares to auction off vessels built by bankrupt owner Hawaii Superferry.
- Suez going down
Egyptian vessel freed by pirates is reported to be sinking off the coast of Oman.
- Tsakos fixes LNG ship
Tsakos Energy Navigation has secured a new four-year fix for its lone gas carrier, with BG and GDF Suez the likely charterers.
- Wells endorses Navios deal
Equity analyst praises New York-listed owner's $84.8m tanker acquisition but shares remain on the 'sideline'.
- NYK LNG attacked
EU Navfor intercepts gang of four suspected of attacking LNG carrier in the Gulf of Aden.
- NFC heading to Iran
Oman's state-owned operator launching fast ferry run to Bandar Abbas.
- Sovcomflot makes grade
Standard & Poor's assigns Russian tanker owner investment-grade BBB- rating, its first official evaluation of the company.
- Pelindo plans new port
Indonesian state terminals company to build new container facility at Sorong.
- Poten's pier pressure
New York broker weighs in on proposed tanker terminal project at Pier 400 in Los Angeles.
- Sovcomflot sale soon
Russian deputy PM Igor Shuvalov says tanker privatisation could be ready in the autumn, but does not rule out 2012.
|JUNE 20, 2011|
- USPS stops accepting mail bound for Canada
A labor dispute between Canada Post and its workers has compelled the U.S. Postal Service to stop accepting mail bound for Canada until at least sometime this week. Canada Post workers began rotating strikes in early June to protest stalled contrac...
- STB extends hearing to two days
The U.S. Surface Transportation Board has extended a hearing on the "current state of competition in the railroad industry" to accommodate the large numbers of organizations wanting to testify. The hearings will begin at 8:30 a.m. on Wednesday and...
- U.K. faults UPS cargo screening
Express delivery company UPS confirmed on its Web site Friday that the U.K. Department of Transport has restricted its ability to screen packages for bombs at several sort facilities until it improves its security procedures. The Atlanta-based car...
- Titan names Bennett commercial director
Titan Salvage, a Pompano Beach, Fla.-based subsidiary of Crowley Maritime Corp., has named Jason Bennett as commercial director. He is based at Titan's United Kingdom office at Newhaven, East Sussex. Bennett will help shape strategic, operational ...
- Maersk to raise Asia/Puerto Rico rates
Maersk Line said last week it will raise rates on shipments from the Far East to Puerto Rico. The increase, $490 per 20-foot container and $700 per 40-foot, 40-foot high-cube or 45-foot high-cube containers, will be implemented from July 20. It aff...
- Zim adds Russian port to pendulum
Container line Zim is adding a call at the Russian port of Vostochniy to its ZCS service, according to research from American Shipper affiliate ComPair Data. The ZCS is Zim's pendulum service connecting Europe, the U.S. West and East coasts, and t...
- Intercargo sees reversal in consolidation
The International Association of Dry Cargo Shipowners said there has been a reversal in industry consolidation, finding 1,536 dry bulk companies compared to 1,313 a year earlier (160 are members of Intercargo). The report cautions "there is potenti...
- Navy forms Strategic Sealift Officer Program
The U.S. Navy has transformed its Merchant Marine Reserve Program into the Strategic Sealift Officer Program (SSOP). SSOP supports national defense sealift requirements and capabilities, which are carried out by the Navy's Military Sealift Command....
- Oman fund in race for TUI's Hapag-Lloyd stake
Oman fund in race for TUI's Hapag-Lloyd stake Oman fund in race for TUI's Hapag-Lloyd stake An Omani state-owned fund intends to buy a stake in German container line Hapag-Lloyd,Reutersreported last week. The fund put its intentions in writing to ...
- Causes delivery delays
|JUNE 21, 2011|
- ISO 8217:2010 - The Denouement
Those who think that newer is better are in for a major disappointment, particularly when a supplier decides to take advantage of 'Annex B'.
- IFO prices soften in the Middle East
Deliveries available for supply up to and including July 4 in Cape Town.
- Maersk ready to roll out flowmeter contract addendum
Certified meters means no barriers to basing invoices on flowmeter readings.
- Most European bunker markets soften
Hamburg market quiet.
- Key Asian port urged to cut ship-generated SO2 emissions
'Laws are the only way to deal with pollution from ships,' says Hong Kong newspaper.
- EU to tighten ETS security after cyber-theft
Nearly $43 million worth of carbon credits stolen, denting confidence in CO2-reduction tool.
- Post-Kyoto deal no closer after Bonn climate talks
'Clear advances' made on other key issues, including the Green Climate Fund according to UN's climate change chief.
- Vessel abandoned after running out of fuel
Crew transferred to Pakistani warship.
- Week opens with mixed prices at key ports
Weak demand for bunker fuel at Asian hub ports.
- Rotterdam storage terminal to expand
Adding five tanks with a total storage capacity of 172,000 m³.
- China's SHFE fuel oil stocks fall 4.3%
Fall due to soft demand for fuel oil material, says sources.
- Tightness persists in South Korean bunker markets
SK Energy and Hyundai Oilbank not offering to spot market.
- Sovcomflot signs four-year marine lubricant contract with Lukoil
Lukoil will supply more than 20,000 mt of marine lubricant to Sovcomflot.