|JULY 22, 2011|
- Panamax rates to rebound slightly next week
Rates for panamax dry bulk carriers on key Asian freight routes are expected to rebound slightly over the next week as intra-Asia coal activity drives a short-term recovery.
- Giant iron ore carrier will go to China: Vale
Vale SA, the Brazilian miner building a fleet of the world's largest iron-ore carriers, said the first of its new vessels will go to China after being diverted to Italy on its maiden voyage.
|JULY 22, 2011|
- Maersk delays Far East-US east coast peak season surcharge until August
- NYK upgrades SWAX loop with new partners, adds Xiamen, Port Kelang calls
- 'K' Line launches weekly West Africa Express service with Singapore call
- Reefer trucks exempted from US$41 Hong Kong 3-minute vehicle idling fines
- China opposes UN environmental rules compelling use of bigger, slower ships
- Fesco increases container volume 46pc to 214,000 TEU in first half
- APL imposes congestion surcharge at Mumbai's Nhava Sheva terminal
- CSCL assigns its 14,074-TEU newbuilding to Asia-Europe trade lane
- Zhongshan river port to build five 5,000-tonne berths
- Guangzhou and Yingkou sign inter-port cooperation agreement
- China earmarks more than US$21.6 billion for transport infrastructure
- Matson rebrands, combining its three logistics divisions into one
- Fedex Trade Networks now offers three distinct ocean freight services
- DHL offers Shanghai to Seattle direct less-than-container loads
- US container barge shipping 'needs federal backing' to make modal shift
- 'K' Line's maritime academy Tokyo session deals with sensing danger
- BMI: Chinese railways stand to take market share from air cargo carriers
- IATA confidence survey shows widespread belief a recovery is ahead
- Hainan Airlines enters Turkish cargo market with Istanbul's ACT Airlines
- Turkish Cargo provides weekly Istanbul-Budapest air freighter service
|JULY 22, 2011|
- China prohibits foreign lines from offering cross-strait shipping from next year
- Drewry & Cleartrades container index to launch in September
- EU proposes steep maximum sulphur limit cuts for shipping
- Private equity emerging as an option in shipping
- South Korean yards secure most shipbuilding orders in H1 2011
- Cashew exports plunge due to growing domestic demand
- Fieo welcomes move to permit rice exports
- Govt does a volte-face on wheat exports
- JNPT invites consultancy proposals for fifth box terminal
- Tender for Diamond Harbour box terminal to be issued today
- Govt cuts GDP growth projection to 8.6 pc for FY12
- EEPC India organising seminar on doing business with Canada in Ahmedabad
|JULY 21, 2011|
- Aegean Marine Petroleum launches physical supply ops in Panama
- Petrobras oil and gas output increases over last year
- Drydocks World delivers anchor handler
- Court approves sale of Davie Yards' assets to Upper Lakes Group
- Port state control authorities plan crackdown on ships' structural safety
- Polarcus secures $410 million bank facility
|JULY 21, 2011|
- Port of Tacoma celebrates opening of Hylebos Creek habitat area
- Carriers plan service upgrade for West Africa express run
- Change of command tomorrow for Coast Guard Air Station North Bend
- Genco Shipping & Trading adds Handysize vessel to fleet
- Panama Canal Authority inks new MOU with Port Tampa
|JULY 21, 2011|
- Political tension keeps Asia's anti-piracy efforts on back burner
Shift from robbery to vessel hijackings is rising in South China Sea but international disputes could see owners and operators without adequate naval support
- Middle East-Japan naphtha arbitrage window pushes up LR tanker demand
Time charter equivalent earnings for long range tankers shipping Middle Eastern naphtha to Asia have pushed up this week as the cost of importing the product into Japan dropped lower than the domestic price, spurring greater demand for product tankers to ship the cargo to the Pacific trading region
- IEA opts not to go ahead with additional stocks release
The 60m barrels let into the market in June have been sufficient to fill the gap created by Libyan oil disruption, according to the energy agency
- Chinese coal import volumes fall by 12%
Chinese coal import volumes were down almost 12% in the first half of 2011 compared to the same period of last year, with a total 70.5m tonnes taken in by the commodity-hungry Asian country between January and June
- Venezuelan crude up 80%
China's imports of Venezuelan crude oil rocketed 80% in the first half of 2011 to hit 6.4m tonnes, making it the Asian country's fifth-largest source of crude this year and providing greater numbers of longhaul tanker voyages
- DP World targets Africa growth
Port operator aims to build long-term 'win-win' partnerships with governments
- Africa emerges as a magnet for investment
Development of infrastructure and gateway ports will boost intra-Africa business
- BHP's Petrohawk deal demonstrates major interest in North American shale
There is still no explicit link to the theme of the US as a gas exporter, but in Canada the picture is much clearer
- Pacific Drilling seals Total Nigeria contract
Letter of award for drillship Pacific Scirocco is converted into one-year deal with optional periods stetching four years out
- Equipment choice pays off for drillship operators
In the wake of the Macondo oil spill, high-specification credentials have become an important differentiator
- Feeder operators furious at Hong Kong port congestion
Government and terminal operators asked to intervene over delays lasting up to a week
- Hansa Heavy Lift already looking for acquisitions
Survivor from the ashes of crashed Beluga says it is financially stronger than rivals
- Nato rejected plea for extra counterpiracy ships, says Mitropoulos
Outgoing IMO secretary-general reviews first six months of action plan to tackle pirate menace
- Eredene's India box hub 'will open' in 2013 despite debt finance delays
Negotiations with bank taking longer due to tighter credit conditions, says chief executive
- Central America could rival China as trade powerhouse
Opening of the Panama Canal's third set of locks in 2014 likely to shake up shipping and freight distribution service patterns
- Hands off our ports
Consultation on the new sale guidelines for major trust ports in the UK has closed. A 'hands off' approach from government could enable the private sector to boost productivity in this vital sector
- Grimaldi appeals to Brussels over mystery Tunis delays
Ro-ro operator rejigs calls of new freight service at 'congested' port
- International Group approved security providers lists do not exist
IG is reviewing maritime security contracts to check that the terms of such contracts do not infringe or potentially infringe cover or the entitlement to pool claims
- Hot air about hurricanes will not save product tanker owners
Hopes of a boost for European gasoline exports to the US look misplaced
- Cruise lobby warns Greece to sort out industrial strife
Seafarers could follow taxi drivers in visiting misery on passengers, jeopardising country's cruise hub ambitions
- Rosalie Balkin to be IMO deputy
Director of legal affairs to be officially appointment tomorrow
- Norway's legal framework
Norwegian owners now know exactly where they stand if they wish to defend themselves against piracy
- One system, two countries
The long-term solutions to the challenges facing Hong Kong's port operators will ultimately require government involvement
- German owners step up pressure for armed piracy protection
Protection of crew members on German vessels is a state matter, says shipowners' association
- Are you going to win at Asia's most prestigious shipping awards?
Lloyd's List Awards Asia 2011
- Keppel Offshore & Marine first-half profits rise
Rig builder pulls in record $6.1bn in new orders and says FPSO vessels to be growth driver
- Aegean to buy back up to 2m shares
Move underlines 'strong confidence' after bunkering specialist sees stock price fall
- Nautilus puts seal on IPO
Blank cheque company has 19 months to cement transaction after raising $48m in 'very tough' conditions for shipping listings
|JULY 21, 2011|
- IEA fallout extended
THE IEA disclosed today that only a small fraction of its emergency oil release has actually hit the market, suggesting that negative impact on tanker rates has just begun
- Rig unit boosts Keppel
SINGAPORE's Keppel said today the corporation's net profits for 2Q2011 were S$425.23M ($350.42M), down 2.6% year on year
- Mariners say EC study failed
AN EC-appointed panel was accused today of lacking the resolve to propose substantive solutions to Europe's shortage of skilled seafarers
- Argentine citrus cleared to China
ARGENTINA'S citrus sector has gained shipping access to China through its southern ports because of a new trade accords, IHS Global Insight reported today
- Strife knocked Le Havre's cargo figures
LE HAVRE'S first-half box throughput sank 12.8% year on year as the port suffered a sharp transhipment drop
- India to aid Lanka port repair
INDIA'S government has pledged grants and soft loans to rebuild Sri Lanka's northern Kankesanturai port, which was damaged during the civil war
- Lim: go big, get stuck
PACIFIC Shipping Trust CEO Lim Sim Keat told Fairplay today he is unlikely to acquire ultra-large container ships, even though the group is seeking acquisitions
- Sicily LNG terminal cleared
ITALY'S top administrative court has overturned an earlier ruling barring construction of an LNG regasification terminal in Sicily, IHS World Markets Energy reported today
- Chappell sounds tanker alert
THE TANKER trough will be deeper and longer than previously feared, Evercore analyst Jon Chappell has warned
- Iraq contracts product tanker shipments
IRAQ HAS awarded a gasoline import contract to leading tanker groups, IHS World Markets Energy reported today
- Korean yards trump China
SOUTH Korea has wrested back its crown as the biggest shipbuilding nation from China, according to new order figures for 1H2011
- $1Bn LNG terminal planned in India
PETRONET LNG has unveiled plans to build a $1Bn terminal on India's East Coast
- DHT extends Saga offer
DHT HOLDINGS, the US-listed bulk shipping group based in Jersey, is extending the acceptance period of its offer for shares in Saga Tankers
- IACS to restore EU tie
IACS IS restoring its presence at the EU after a gap of nearly two years
- Capesizes becalmed
BROKERS told Fairplay today the next four weeks are expected to be quiet for Capesizes, with ore shipments dropping amid manoeuvring by Australian miners and Brazilian charterers
|JULY 21, 2011|
- Toohey Tapped as Waterway Council CEO
The Waterways Council picked Mike Toohey, a former assistant secretary at the U.S. Department of Transportation, to be the...
- LaHood Warns of FAA Shutdown
Transportation Secretary Ray LaHood repeated his warning that 4,000 Federal Aviation Administration employees will be furloughed Friday night if the...
- Trac Builds M&R Coverage Into Chassis Contracts
Trac Intermodal, which leases or rents 245,000 marine and domestic chassis to motor carriers throughout North America, is testing a...
- Halifax's Container Traffic Up 3.3 Percent
The Port of Halifax, Nova Scotia, grew its container handling 3.3 percent year-over-year in the second quarter, as the...
- USA Truck Sales Up in Second Quarter
USA Truck increased sales in the second quarter but its profit dropped $300,000 to $598,000, clipped by higher fuel costs...
- FTR Associates' Gross on East, West Coast Landing Seasonality Trends (Video)
Larry Gross, senior consultant with FTR Associates, speaks with JOC's Peter Tirschwell on seasonality trends between East and Gulf Coast...
- USPS Reports $400 Million in Energy Savings
The U.S. Postal Service says it saved more than $400 million in energy costs from 2007 to this year by streamlining...
- Welch Leaves Dynamex for 'New Venture'
James L. Welch is resigning as CEO of Dynamex, leaving the former YRC executive free to rejoin the trucking company...
- Landstar's Profit Rises 21 Percent
Landstar System increased its profit 21 percent to $29.6 million in the second quarter, as the truckload carrier group exercised...
- Swift Reports $19.6 Million Profit
More freight and higher rates gave Swift Transportation a $19.6 million net profit in the second quarter, compared with a...
- OOCL Again Postpones Peak Season Surcharge
OOCL told its customers it will once again delay its peak season surcharge in the eastbound Pacific trade for another...
- Short Lines Increase Ore, Chemical Loadings
Short line railroads surveyed by RMI's RailConnect report had their strongest loadings of ore for all of 2011 in the...
- Union Pacific CEO Sees "Uncertainty" in Economy
The CEO of Union Pacific Railroad says uncertainty among rail customers about the economy's direction makes it hard to predict,...
- IANA's Malloy on Rail's Challenges in New Chassis Regime (Video)
Tom Malloy, vice president of Policy and Communications for IANA, sits down with JOC Editor Bill Mongelluzzo to discuss intermodal's...
- Japan's Trade Balance Back in Black
Japan's trade balance swung back into the black in June amid growing signs of a recovery in exports hit hard...
- Werner Enterprises Profit Up 31 Percent
Werner Enterprises increased its net profit 31 percent year-over-year to $27.5 million as revenue rose 11 percent to $515.9 million...
- Carriers Upgrade Far East-Africa VSA
A four-liner consortium will upgrade their joint vessel-sharing agreement between the Far East and South and West Africa to a...
- Union Pacific Profit Rises 10 Percent
Union Pacific Railroad reported a record profit of $785 million in the second quarter, a 10 percent year-over-year increase, as...
- Kuehne + Nagel Buys Dutch Perishable Forwarder
Kuehne + Nagel expanded its perishable transportation and logistics network by buying J. van de Put Fresh Cargo Handling of...
- NS Completes Major Upgrades in Eight Days
Norfolk Southern Railway in just eight days began and finished $16.2 million in upgrades to a southwestern Pennsylvania track that...
- Charleston Handles Record-Sized Container Ship
The largest container ship to ever call the Port of Charleston, the MSC Bruxelles, docked at the...
- Delivery Wave to Add 448 Box Ships to Saturated Market
Four hundred and forty-eight container ships with a combined capacity of 2.78 million 20-foot equivalent units are scheduled for delivery...
- DOT Wants Fierce TIGER Competition
The federal government is gearing up for another round of TIGER funding for transportation projects, and the emphasis this year,...
- Marseille Container Traffic Slumps 9 Percent
Container traffic at the port of Marseille shrunk 9 percent in the first half of 2011 from a year ago...
|JULY 21, 2011|
- More 'lies, damned lies and statistics' regarding cargo predictions?
- Asia/West Africa shuffles
- CSAV stemming the unsustainable rate tide
- MSC keeps everyone guessing in Antwerp
- Rotterdam extension progressing
|JULY 21, 2011|
- Demand dip draws drop
Jefferies & Co slices capesize spot expectations amid warning there is no end in sight for dry-cargo woe.
- Dredging stall denial
Dutch operator says that dredging activity at Mombasa is within area designated by contract.
- Pirates target Greek ship
A Naf Shipping vessel is the second in 24 hours to be attacked by pirates in the southern Red Sea.
- Small is attractive for PST
Singapore-listed PST looking to buy smaller bulkers and boxships, CEO Lim Sim Keat says.
- Meritz loses refund dispute
Korean insurer ordered to return $32m to Jan de Nul after yard bankruptcy.
- Davie takeover cleared
Judge allows sale of insolvent Canadian shipbuilder, putting it back in race for $35bn of government newbuilding contracts.
- Record orders for Keppel
Growing demand for FPSOs and Brazil supply vessel prospects encourage Singapore offshore builder and shiprepairer.
- Slack quarter hurts HHI
World's largest shipbuilder sees shares retreat following disappointing second quarter results.
- Polarcus bags big loan
Dubai seismic shipowner taps DnB Nor and DVB for $410m of newbuilding finance.
- Bombed surveyor named
Ship inspector killed by Yemeni car bomb identified as Brit David Mockett.
- Davie down to the wire
Judge to rule on whether insolvent Canadian yard can bid for $35bn contract hours ahead of deadline.
- Guards save FRO tanker
Armed security team force hasty retreat from pirates after attack on Frontline suezmax in the Red Sea.
- Mombasa strike threat
Dockers' union at key Kenya port is threatening to bring the port to a standstill over government moves to privatise the facility.
- Bumi blossoms on debut
Hassan Basma-led offshore owner was the hottest stock in town as it returned to the Kuala Lumpur exchange today.
- Yard worker killed
26-year-old Filipino sub-contractor dies at Hanjin's Philippines plant in forklift accident.
|JULY 21, 2011|
- 'We had to protect our people'
- European Shippers opposes flat fuel levies
The European Shippers Council said Wednesday it welcomes last week's agreement at the International Maritime Organization for new ships to meet mandatory energy efficiency standards. ESC said it "acknowledges the importance of climate change for ...
- NYK joins Asia/West Africa service
NYK Line is joining a three-carrier consortium on a service linking Asia and West Africa, the lines said Thursday. In late August, NYK will join the China Shipping, "K" Line and Hapag-Lloyd WAX service as an operating partner. NYK will drop out of...
- Bengal Tiger Lines swaps Manila/Taiwan services
Intra-Asia feeder specialist Bengal Tiger Lines (BTL) has switched Wan Hai-led services on which it participates between the Philippines and Taiwan, according to research from American Shipper affiliate ComPair Data. The line was part of Wan Hai's ...
- Swissport names Hermann VP
Swissport International, a provider of ground services to the aviation sector, has appointed Roman Hermann to executive vice president for business development, effective Oct. 1. He joins Swissport from ABB Asea Brown Boveri, where he has managed m...
- Union Pacific reports higher profit
Union Pacific Corp.,in its second quarter resultsreported net profit of $785 million, 10 percent more than the $711 earned in same 2010 period. UP said revenue for the period ending June 30 was $4.6 billion, 16 percent more than the $4 billion rec...
- Averitt connects southern U.S., western Canada
Cookeville, Tenn.-based Averitt Express has opened lanes between thousands of southern U.S. cities and western Canada with transit times as fast as next business day. The improved service times apply to shipments moving to and from all cities in Te...
- K + N acquires Dutch perishables firm
Kuehne + Nagel has agreed to take over a Dutch perishable goods logistics company, the global freight forwarding and logistics company said Thursday. Subject to approval from competition authorities, K + N will acquire J. van de Put Fresh Cargo Han...
- LNG terminals look to reverse the flow
With the explosive growth in natural gas production from U.S. shale formations, marine terminals originally built to receive tankers filled with liquefied natural gas from abroad are planning to build liquefaction plants so they can export LNG. Ch...
- Ports are outreach tools for U.S. export drive
The U.S. Commerce Department's new partnership with the American Association of Port Authorities is designed to help spread the word about government assistance programs for companies interested in expanding to overseas markets but not sure how to...
|JULY 21, 2011|
- Slight fall in Fujairah fuel oil prices
Double-digit jump for Durban distillate prices.
- Rotterdam prices soft
Earliest delivery in Gibraltar July 27 onwards.
- Cockett ready to supply at French ports
Range of French ports along the English Channel can be served by tankers used at company's UK bunker-only station.
- Aegean launches Panama operations
Company has been preparing to start physical supply operations in both Cristobal and Balboa.
- Istanbul bunker volumes seen holding steady
Sales in 2011 at similar volumes as in recent years, but suppliers 'working for almost zero profit'.
- Bunkering resumes in Cape Town
"We're taking things on a day by day basis," player tells Bunkerworld.
- Bunker prices mixed across Asian ports
Enquiries generally low across key Asian bunker ports.
- Lanka Marine performs second bunkering in Hambantota
Supplies bunkers to charity ship MV Logos Hope via its bunker barge.
- EU supports LNG feasibility study with $14 million grant
Study aimed at creating paper to help central stakeholders to develop an LNG bunkering framework.
- Dan-Bunkering names new accounts assistant
Evelyn Lee Bee Jia appointed as accounts assistant for Singapore office.
- South China fuel oil volumes fall week-on-week
Stocks fall 10,000 mt to around 1.94 million mt in the week ended July 20.
- 'Positive development' in LNG fuelled vessel market
Order intakes were up 44% in the second quarter of this year from last year, says the Finnish engine manufacturer.
- Provision for bunker claims case puts FSL Trust in the red
The trust posts net loss for the second quarter of 2011 largely due to the $2.5 million provision.