October 21, 2011
|OCTOBER 21, 2011|
- Tanker returns hit seven-week high
Returns for tankers hauling 2-million-barrel cargoes of crude oil on the industry's benchmark route reached a seven- week high this week as a glut of ships decreased.
|OCTOBER 21, 2011|
- MSC add 13,050-TEU to Far East/North Europe Lion service
- CMA CGM upgrades ASEA service between Asia, Kenya and Tanzania
- Evergreen secures US$824 million financing to buy ten 8,800-TEU ships
- Oil pumping resumes from stricken 3,300-TEU Rena off New Zealand
- Rate of successful pirate attacks slackens, counter measures credited
- ER Schiffahrt christens its first two 13,100-TEU ships in Korea
- Kuehne + Nagel profit inches up 1pc, but CEO expects demanding Q4
- Nigerian pirates free tanker, 20 crew, no word of ransom paid
- GAC's port-on-demand service handles Russian training frigate
- Cargotec wins LA port automation contract for 10 Kalmar yard stackers
- China Eastern cancels 24 tardy Dreamliners, but Boeing stays upbeat
- Net profit down, but Korean Air Q3 sales up 3.4pc to US$184.2 million
- Air France-KLM fires CEO, chairman takes over as stock plunges 53pc
- Guangzhou Airport Economic Zone volumes to hit 3.6 million tonnes by 2020
|OCTOBER 21, 2011|
- Ahlers India inaugurates new Mumbai office
- Rickmers-Linie puts Bilbao on list of regular calls
- X-Press Feeders global brand unveiled
- China's snags to help India make merry in global mkts
- India, S. Africa sign contracts for purchase of raw materials
- Essar Ports net profit soars to 41 cr.
- Vasan consents to port workers demand on bonus
|OCTOBER 20, 2011|
- Jan Kromhout appointed partner by AKD
The Dutch law firm AKD has appointed Jan Kromhout as a partner in its shipping and offshore team. Kromhout will work closely with shipping companies in drawing up transport contrac...
- Team Lines adds second service to St Petersburg
Team Lines is set to enhance its coverage of Russia by adding a new service to St Petersburg (RUS 2) on 6 November. It will call at the PLP terminal there. The link will connect Br...
- CMA CGM and Emirates Shipping Line to upgrade ASEA service
CMA CGM Group and the Emirates Shipping Line upgraded their ASEA service between Asia, Kenya and Tanzania on 12 October. The new weekly service deploys six 2,500 teu ships (four pr...
- Icelandair Cargo appoints new GSA for Sweden and Finland
North Air Logistics has been appointed as the GSA for Icelandair Cargo in Sweden and Finland with effect from 17 October.
- Brunswick Rail receives first batch of new-generation railcars
Brunswick Rail has received the first batch of new-generation railcars, which were purchased under contract from Promtraktor-Vagon (part of Tractor Plants Group, which in turn is p...
- EBRD supporting private railfreight operator in Ukraine
The European Bank for Reconstruction and Development (EBRD) is supporting private operations in Ukraine's railway sector through a USD 90 million senior loan to Interleaseinvest, a...
- Boeing subsidiary to conduct US Army training in Europe
Boeing announced that its subsidiary Tapestry Solutions, which forms the core of the logistics command and control subdivision of the defence and government services division of Bo...
- FAA breaks ground on new tower at Cleveland airport
US transport secretary Ray LaHood and Federal Aviation Administration (FAA) administrator Randy Babbitt broke ground on a new USD 69 million air traffic control tower and terminal ...
- Freightliner donates GBP 1,000 to renal dialysis unit
Freightliner employee Denise Rowland nominated the Renal Dialysis Unit for a GBP 1,000 Freightliner donation because of the treatment her son receives there. He is one of 76 patien...
- Truck sector becoming increasingly green
Kay Lindemann of the German Association of the Automotive Industry (VDA) stated that 'the commercial vehicle industry believes fuel consumption and CO2 emissions can be cut by 20% ...
- Blue Road project started with first LNG station
Gaz Métro and Robert Transport have jointly presented Canada's first liquefied natural gas-fuelled freight transport corridor. The companies are setting up fuelling stations along ...
- African states to enhance aviation cooperation and security
Representatives of 35 African states have agreed to work together and with the International Civil Aviation Organization (Icao) to improve aviation security. The states pledged in ...
|OCTOBER 20, 2011|
- Fincantieri lays keel for 3,600 passenger Royal Princess
- Rand Logistics buys U.S.-flag bulker and reflags it Canadian
- Cecon still plans to ink final contract to complete newbuilds at Davie
- GC Rieber subsea newbuild gets GoM contract
- Horizon Lines loses NYSE listing
- GulfMark Offshore reports third quarter results
|OCTOBER 20, 2011|
- Port of Bellingham director making changes at senior staff level
- Panama President takes part in filling of new canal access channel
- Crowley Maritime taps Ken Black as product logistics/engineering boss
- Ocean Research College Academy to open at new Port of Everett location
- Horizon Lines common stock headed to new trading marketplace
|OCTOBER 20, 2011|
- UK to have world's biggest offshore wind capacity by 2017
Biggest market for rest of decade 'will be in northern European waters'
- US offshore wind power plans pick up pace
Applicability of Jones Act to vessels involved in construction remains key issue
- Things can only get better for tanker sector
Growing oil demand in emerging markets and slow steaming fail to absorb overcapacity
- Capital charters three crude tankers to private Marinakis operation
Capital Maritime will take one VLCC and two suezmaxes for up to three years under profit-sharing deals
- The pain has only just begun
Decade of cost management lies ahead, says Clarksons director Martin Stopford
- China's middle class hungry for US foodstuffs
Pork and fruit among products driving refrigerated trades
- Rickmers' nightmare order reaches happy end
Two-vessel 'on spec' deal made before financial crisis had threatened to deal serious blow to group
- Rena casualty reopens the PR debate
Is shipping its own worst enemy when it comes to marine disasters?
- Europe to US oil products trade continues downward spiral
Cargoes urgently needed to halt earnings rot
- Knutsen sells aframax for scrap at knock-down price
Demolition rate of $460 per ldt down from $540 seen for similar ships earlier this month
- Consolidation poses big risks in box claims
Industry would do well to follow principles of the late TT Club chief George Fawcett
- The time to buy vessels will not be announced in these pages
The time to buy vessels won't be announced in these pages
- Rena took unusually easterly course into Tauranga
Data comes after New Zealand environment minister suggests 'they were in a rush'
- JSC box volumes up as St Petersburg switch kicks in
Terminal operator's figures follow port's move from coal to containers
- Asia-Europe box rates hold steady in week but eastbound routes see drop
Drewry and Cleartrade index has Shanghai-Rotterdam falling just $17 per feu to $685
- Insurers offer discounts for armed guards
Kidnap and ransom insurers offer up to 35% saving for private security in high-risk areas
- Cunard cruiseships to reflag in Bermuda
Customer demand for marriage ceremonies on board fuels move
- Security companies seek recruits
Protection Vessels International looks to increase the number it employs by around a third
- Fixture stipulates Gulf of Aden as no-go area
Niovis vessel must avoid pirate-infested waters
- Supramax period charter rates rise on back of US Gulf rally
Brokers expect daily rates to exceed $20,000 per day
- Good call
Like it or not, the container industry needs to regain the confidence of investors
- HFW and Ince alone among shipping law firms to enter Legal 500 tier one
Lawyers singled out for praise
- Yildirim 'very happy' with CMA CGM stake
Investor confirms confidence in line and its chief executive
- Ocean Tankers hit by further forced sale
Arrested vessel put up for sale to cover unpaid crew wages
- Dubai owner looks to lock-in earnings for three of its aframaxes
Emirates Trading avoids weak spot market as vessels are chartered out on period contracts
- Hamburg Süd sells six 3,700 teu vessels
Small containerships facing fierce competition offloaded to Greek interests
- Inspection underway on DFDS ferry
Hafnia Seaways fire brought under control
- Konecranes to cut fixed costs in Europe service business
Finnish company sees signs of 'weakening demand'
- Long Beach box traffic down as LA holds its ground
Retailer caution leads to inbound volume fall
- Slater slams 'insider' board culture
First International Corp chairman attacks rewards for poor financial performance
|OCTOBER 20, 2011|
- Russians win terminal deal in Rotterdam
A SOURCE at Summa Capital today told Fairplay the Russian port investor has been awarded a contract to build a new oil terminal at Rotterdam's port
- Horizon appeals delisting
RECENTLY restructured Horizon Lines is seeking to reverse the NYSE's delisting of its shares, which began trading over the counter today
- CPP fixes three tankers
CAPITAL Products Partners today announced long-term charters for three tankers it acquired in the Crude Carriers takeover, but the counterparty is CPP founder Evangelos Marinakis
- Dublin port pot sniffed out
IRISH customs officers today reportedly arrested two suspects after a sniffer dog detected cannabis worth about €1
- 33% transhipment drop costs La Havre
LE HAVRE'S port said its transhipment traffic plummeted 33% year on year during the first nine months of 2011
- Barcelona exports rise 19%
EXPORTS from Barcelona's port climbed 19% year on year in 2011's first nine months
- Chartering surge to spark worse port snarls
WORSE port snarls were predicted today by a drybulk consultancy, which based its alert on a chartering surge
- Frontline, SFI to sell ships
FRONTLINE Management and its affiliated company Ship Finance International said today they plan to sell two ships
- Ship operating costs rise
COSTS for operating ships increased by an average of 2.2% in 2010, reversing a fall of 2% in 2009, according to accounting firm Moore Stephens
- Greek ports disrupted for fourth day
DISRUPTION is today continuing at Greece's ports for a fourth day, with dockers staging a strike to highlight opposition to government austerity measures
- Losses seen as inevitable for Asian box liners
DEUTSCHE Bank said today losses for Asian liners are inevitable because of the weak peak season and overcapacity
- Rena pumping resumed
SALVORS today resumed pumping of oil off the grounded box ship Rena in New Zealand, as the weather calmed
- Saga sells its last ships
NORWAY'S Saga Tankers has exited the shipping business with the sale of its last two vessels, Saga Agnes and Saga Julie
- Hot night in the sauna
SIX PEOPLE on the North Sea ro-ro ferry Hafnia Seaways are recovering today from minor smoke inhalation after a fire
- Keppel's profits rise 33%
SINGAPORE'S Keppel said today the corporation's net profits for 3Q2011 were S$406
|OCTOBER 20, 2011|
- Senate Panel Sets Nov. 9 Vote on Transportation Bill
The Senate Environment and Public Works Committee will hold a voting or "markup" session Nov. 9 on a proposed two-year...
- US Import Process Fee Jumps 65 Percent
Importers will be hit with a nearly 65 percent increase in merchandise processing fees through a provision embedded in the...
- Faulty Bridge Study Highlights Needed Investment
A report pointing to deficient bridges across the country, particularly in Pittsburgh, comes as many say the U.S. needed to...
- Plan for Detroit-Windsor, Ont., Bridge Dealt Blow
The plan for a new bridge between Detroit and Windsor, Ont., was dealt a severe blow Thursday after the Michigan...
- CN Workers on Three US Units Ratify Contract
About 430 employees at three U.S. subsidiaries of Canadian National Railway ratified a contract that will consolidate their Upper Midwest...
- LaHood Defends Trucker Hours of Service Proposal
Transportation Secretary Ray LaHood wants Sen. Kelly Ayotte, R-N.H. to drop legislation that would block a new truck driver hours...
- Consultant Says Dock Safety Makes Fiscal Sense
Marine terminal operators have to pay about $1,300 in weekly compensation to hurt workers, making dock safety promotion a smart...
- Celadon Buys Dry Freight Assets From FFE
Shortly after buying a stake in rival USA Truck, Celadon Group is purchasing the dry van assets of FFE Transportation,...
- MSC to Launch North Europe-Ecuador Loop
Mediterranean Shipping Co.'s new dedicated service between ports in Northern Europe and the west coast of South America will target...
- Indian Navy Thwarts Pirate Attack on Tanker
The Indian Navy thwarted an attempted pirate attack on an Indian-flag oil tanker in the Gulf of Aden, according to...
- Forward Air Profit Soars 45 Percent
Air freight trucker Forward Air says it is seeing demand "moderately better" than normal this fall after reporting a 45...
- Emirates Shipping Hikes India Port Congestion Fee
Middle East carrier Emirates Shipping Line increased its port congestion surcharges on ocean containers moving through India's Port of Chennai....
- TPM Asia Takeaway
My 2011 conference year just came to a close with the final sessions of the 5th Annual TPM Asia Conference...
- Beyond the Factory View
SHENZHEN, CHINA ' Zhou Gui Hui has a thriving business at the heart of one of the world's busiest industrial...
- Railroads Show Their Mettle
North America's freight railroads aren't burning up the tracks with surging peak-season traffic, but they're still posting moderate gains in...
- OOCL's Third Quarter Volume Up, Revenue Down
OOCL container volume rose 6.6 percent year-over-year in the third quarter ended Sept. 30, but the Hong Kong ocean carrier's...
- Profit Nearly Doubles for Railcar Lessor GATX
Railcar leasing giant GATX saw profit in its rail segment soar 93 percent in the third quarter to $63 million,...
- Swift Transportation Reports $31 Million Profit
Truckload giant Swift Transportation increased total revenue 13.9 percent to $863.8 million in the third quarter, reporting a $30.9 million...
- Q&A: Transportation Attorney Discusses US Export Growth, FTA Outcomes
Peter Friedman, counsel to Pacific Coast Council of Custom Brokers and Freight Forwarders Association, sits down with JOC Editor Bill...
- Senator Moves to Block Trucker HOS Changes
An amendment to the fiscal 2012 transportation appropriations bill introduced in the Senate would block proposed changes to truck driver...
- Group Sues UP, BNSF on Rail Yard Emissions
The National Resources Defense Council filed suit this week against the Union Pacific and BNSF railroads to require the companies...
- UP Profit Jumps 16 Percent to $904 Million
Third-quarter profit at Union Pacific, North America's largest railroad, rose 16 percent to $904 million despite slim volume growth in...
- Foye Tapped as Head of NY-NJ Port Authority
Patrick Foye, New York's deputy secretary for economic development, was selected by New York Gov. Andrew Cuomo to head the...
- Lufthansa Drops Some China Freighters, Overhauls Services
Lufthansa Cargo is canceling up to three weekly freighter flights from to China, re-routing other services through Cologne and re-scheduling...
- ILWU Members Ratify Grain Contract
International Longshore and Warehouse Union locals in the Pacific Northwest voted to ratify a grain-handlers contract agreement that was tentatively...
- Horizon Stock Moves to Over-the-Counter
Horizon Lines' common stock started trading on the over-the-counter market this week under the ticker symbol HRZL following its trading...
- Europe Air Freight Falls 1.5 Percent
Cargo traffic for European airlines fell 1.5 percent in to its lowest point in six months in August as the...
|OCTOBER 20, 2011|
- APL scoops two awards from CI
- Bilbao box boost
- Russian rail still growing
- Seago's and MSC's short-sea services get together in the Mediterranean
- Terminal operators oppose WSC's container weighing proposal
|OCTOBER 20, 2011|
- CMB likes handy market
Compagnie Maritime Belge says handysize bulker sector is becoming increasingly important as profit soars at Bocimar.
- Havila profit crashes
Ink runs red for the Njal Saevik-led Norwegian offshore operator as it posts third quarter loss.
- No easy ride for pirates
EU Navfor moves to silence criticism that naval forces are too lenient when they catch pirates prepared to strike.
- Profit surge from Keppel
Choo Chiau Beng-led offshore operator harvests a bumper third quarter result as orderbook remains buoyant.
- Sinkor snares VLCC
Korean owner reportedly buys 2001-built K Line tanker for $32m.
- CPP fixes tanker trio
Evangelos Marinakis-backed owner charters VLCC and two suezmaxes for up to three years to sponsor CMTC.
- Hurtigruten reshuffles
Norwegian shipowner redeploys vessel from Australia to Norway to make room for repairs.
- Rieber fixes newbuilding
Norwegian owner sending subsea ship Polar Queen to the Gulf of Mexico for two years.
- Mothership captured
Four Somali pirates passed to Italian authorities by UK navy on suspicion of involvement in Montecristo raid.
- New broom at EMS
Ship supply outfit hires new chief executive after meetings with shareholders and bondholders.
- Counting cost of success
Martin Stopford points to ten years of belt-tightening as the price exacted by the great shipping boom.
- All eyes on Marco Polo
Blank Rome hopes for favourable outcome in battle between Antonio Zacchello-led tanker clan and creditors over legal venue.
- AMA endorses Chapter 11
Paul Leand sees insolvency on the horizon for struggling owners as capital crisis stifles 'traditional' route to reorganisation.
| - Ocean news||web site|
|OCTOBER 21, 2011|
- Maersk dropping calls on ICON loop
- Maersk/MISC convert SE Asia-Oceania loop to butterfly
- Widened Panama Canal no big deal?
While ports on the U.S. East Coast race to accommodate the expected growth in volumes from 2014 when the widened Panama Canal is set to open, it may not change trade flows all that much. Bigger ships are already moving via Suez.
- MSC adjusts Asia-US bunker fee levels
- Rickmers-Linie to add regular Bilbao calls
- Rena resumes fuel removal
- Intra-Asia not quite decoupled
China's hold on intra-Asia trade has reached equilibrium, says consultant Mathijs Slangen, of Seabury Group. The trade hasn't yet decoupled from the global economy, but is moving that way.
|OCTOBER 20, 2011|
- Shore power taxes slashed by Swedish government
Swedish government has stated that tax on shoreside power will be reduced by 98%.
- Fujairah prices fall
Good demand for products.
- Environmental organisations 'most credible' to the public
Opinion poll in Norway shows almost half respondents don't trust any of the participants in 'the great climate war'.
- Rotterdam and Hamburg bunker prices soften
Quiet in Hamburg.
- Major new oil terminal to be built in Rotterdam
Plans agreed with Port of Rotterdam to construct 'open hub terminal' supplied with oil from the Baltic.
- Iran sells low-density, low-water fuel oil cargo
Product will help 'blend down' off-spec material in Singapore market.
- Fuel oil stocks climbing
Arbitrage arrivals gathering pace.
- Shipping must 'come to grips' with high fuel costs
The next ten years will be 'a cost decade not a revenue decade,' says Clarksons research director.
- Bunker prices largely down at key hubs
Supplies of bunker fuel mixed at key Asian ports on Thursday.
- Japanese firm confirms order for 'green' vessels
Bulk carriers able to reduce CO2 emissions by up to 25%, says Mitsubishi Heavy Industries.
- South China's fuel oil volumes stable on-week
Inventories up by 20% or 310,000 mt on-year.
- Floods not affecting bunkering operations, so far
Port congestion at Bangkok due to ships waiting for cargoes from North, says source.
- Shortage of IFO avails persist in Hong Kong
Replenishment cargoes 'snapped up' by the market to meet both term and prompt orders, players say.
- Key priority is 'de-bunkering', says Costamare
Owner of the grounded vessel Rena says its obligations will be 'met in full'.
- Piazza Matteotti 1/3 - 16123 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail