|JUNE 23, 2011|
- Vale reroutes China-bound iron ore to Italy
Brazilian mining giant Vale said on Tuesday that it had rerouted 391,000 tonnes of iron ore, its first cargo aboard a new class of giant bulk carriers, to Italy from its original destination of China.
- EU may slap ban on Filipino ship crew
FILIPINO seafarers could soon be banned from European Union (EU)-flagged ships unless deficiencies in the Philippines' maritime training education and certification system are corrected.
- Iran state carrier slams latest US indictments
Iran's state shipping line rejected on Tuesday the latest US indictments against it, saying that the move was another attempt by Washington to damage the Islamic Republic's economy, state television reported.
|JUNE 23, 2011|
- Failure to supply EU e-cargo manifests will result in delays and fines
- MSC to increase Asia-New Zealand US$250/TEU rate from July 15
- UASC's 6,921-TEU Al Rawdah runs aground off Batam Island, Indonesia
- Shanghai Shipping Exchange box index said unjustly maligned, misunderstood
- Carriers remove Asia-Europe capacity amid falling demand, spot rates
- Fesco adds ship to make FCDL-north loop into weekly China-Russia service
- Charleston port, US Army Corps sign harbour deepening contract
- Colombo's port volumes shrink as developed world demand slows
- Zhenjiang ports handles largest foreign ship since operation
- Saudi Arabia mulls doubling Dammam port capacity over three years
- Old Dominion Freight Line opens Mobile, Alabama, box trucking operation
- Gansu's Jinchuan airport opens in August, one of several in province
- Chongqing to launch new international cargo-passenger flights this year
- DHL's Kelvin Leung named man of year and top CEO for customer service
|JUNE 23, 2011|
- BBC Chartering embracing Indian economic development
- DAMCO app for major mobile platforms
- Freight rate derivatives has its supporters & detractors
- MSC's rate restoration on India-East Africa trade lanes
- TKM Global Logistics strengthens foothold in Gujarat
- India, Asean meet to wrap up services and investment deal
- Nailesh Gandhi appointed Trustee on JNPT Board
- Advance tax kitty swells by 77 pc in Q1
- DEPB scheme likely to be extended further
- Food EGoM to decide on sugar exports today
- Govt to initiate action against 'erring' cotton exporters
- India world's top black tea producer with 37 pc share
|JUNE 22, 2011|
- Bibby Distribution with strong financial performance in 2010
The UK logistics company Bibby Distribution has reported a third consecutive record trading year following the release of its latest company figures. The most recent accounts for t...
- Landmark in the history of air cargo in Switzerland
Yesterday, the founding members of the interest group IG AirCargo Switzerland brought its new organisation to life at an extraordinary general assembly in Zurich. The election of P...
- 25 new trucks for Turkish logistics provider
The logistics provider Taytur Turizm Nakliyat Ltd, from Mersin in southern Turkey, has once again chosen Mercedes-Benz for the expansion of its trucking fleet. 25 new Axor 1840LS E...
- Demag Cranes and HHLA to operate battery-powered transport vehicles
The first fully-automated, battery-powered Gottwald automated guided vehicles have been put into regular fleet service at HHLA Container Terminal Altenwerder in Hamburg (Germany). ...
- Alphabet wins top customer service award
UK car fleets have again awarded Alphabet the highest marks for customer satisfaction. The innovative car leasing and fleet management company won the over 500 fleet size category ...
- Jan de Rijk Logistics contracts dedicated train
Jan de Rijk Logistics, through its fully-owned subsidiary Har Vaessen, has contracted a dedicated train with TX Logistic between Venlo (Netherlands) and Milan (Italy). The train wi...
- Russian Railways and Transmashholding sign contract for freight locomotives
Russian Railways and Transmashholding have signed a contract for the delivery of 200 2ES5 heavy-duty electric freight trains. The 2ES5 features an innovative design and works on al...
- EU believes CO2 reductions should not be binding
The EU member states generally welcomed the white paper as a very comprehensive document, which contributes to achieving the Union's environmental goals. However, according to a de...
- OPDR expands liner service
OPDR and X-Press Container Line (XCL), Geneva, offer a reinforced and regular liner service from the northern continent to northern Spain and Portugal. The service, meant to reliev...
- HHLA paying out dividend
The biggest port operation in Hamburg, HHLA, in 2010 generated a turnover of EUR 1.07 billion (+8.3%) and earnings after tax of EUR 76.2 million (+43.7%). At all HHLA terminals 5.8...
- Streck Transport extends cooperation with Jakob Müller AG
The transport and logistics company Streck Transport, based in Möhlin near Basel (Switzerland) and part of the German Streck group, has carried out just-in-time deliveries as well ...
- DB Schenker to withdraw from US?
According to a report in the Financial Times Deutschland (FTD), the closure of the logistics division of the German railway Deutsche Bahn (DB) in the US is imminent. However, accor...
- Simon Uhrlau in charge of business development at OPDR
Simon Uhrlau took over the newly-created business development portfolio of the German shipping company Oldenburg-Portugiesische Dampfschiffs-Reederei (OPDR) in Hamburg on 2 May. He...
- Iberia launches freighter service to Nouakchott
After years of studying the African air cargo market, Iberia Cargo has added Nouakchott in Mauritania to its network of destinations. On Sundays the freighter service between Madri...
- TAAG first African carrier to receive 777-300ER
Boeing delivered the first of two airplanes ordered by Angola flag carrier TAAG Linhas Aereas de Angola (Angola Airlines) in October 2009 777-300ER (extended range). The airplane i...
|JUNE 22, 2011|
- Judge awards Carnival $16.78 million in Mermaid pod case
- Gibdock books more cruise ship business
- Transocean releases report on Deepwater Horizon disaster
- STX France cancels Libya cruise ship contract
- Farstad orders two AHTS's at STX OSV
- Cell phone usage plays role in deadly accident, says NTSB
|JUNE 22, 2011|
- Crowley double-hulled barges beginning service in Western Alaska
- NYK vessel to continue testing SCR/NOx removal equipment
- Keel-laying ceremony held for new NOAA survey ship
- Spirit Airlines to begin Portland to Las Vegas flights
- CBP nails Mexican businessman for avoiding antidumping payments
|JUNE 22, 2011|
- Middle East-Asia VLCC rates hit three-month high
Brokers question how long levels of $16,500 per day can be sustained
- Forecasts offer hope for beleaguered box owners
Containership owners hopeful of charter rate rise later in the year, despite expectationsfor more slack weeks of activity ahead
- Lloyd's List weighs up box prospects
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- New base boosts Braemar's secondhand sales volumes
Braemar Shipping Services claims to have handled a greater share of secondhand sale and purchase deals since establishing a one-stop shop office in Singapore at the start of the year, which offers broking services in all areas of the maritime business
- Boxship investment powers ahead
Investment in new containerships looks set to easily outstrip 2008 levels as confidence returns to the sector after two years of flat newbuilding activity
- Transpacific freight rates continue to soften
Transpacific freight rates continue to soften, with a further erosion of eastbound spot prices over the past week
- STX France cancels Libyan cruiseship contract
South Korean-controlled yard blames default of payment from state-owned General National Maritime Transport
- Brokers willing to cover tankers loading at rebel-held ports in Libya
Move follows Goldman Sachs forecast that insurgents will produce 200,000 barrels a day
- Yangtze river heading for a crisis
Rising wages and increasing transit times are driving many manufacturers away
- ICTSI confirms bid for Gothenburg box terminal
Revelation comes as company prepares for sharp rise in volumes at Baltic Container Terminal in Gdynia following a repeal of Poland's import VAT laws
- Monaco celebrates its maritime links
The Shipping Event, with its conference, golf matches, yacht races and grand dinner, is a tangible expression of the industry's importance to the principality
- Shipping's safety record is improving
Recent debate about accident rates, seafarer quality and standards of training has allowed erroneous conclusions to be drawn
- Unifeeder suspends Moby Dick service
Lack of support from shippers is a sign that St Petersburg congestion has eased
- Exponent said to be on verge of selling 50% stake in V.Ships
Deal with Charterhouse Capital Partners could value world's largest shipmanager at about $500m
- DFDS sells Maasvlakte terminal
Disposal to Rhenus Logistics books an $8.7m accounting gain
- Louis says Greek cruise boom is contingent on change in mentality
Sole Greek flag operator in legal tangle as government ducks decision on crew subsidies
- Freight rates soar as well as fall
Sharp price rises driven by capacity constraints are not necessarily proof of cartel activities
- Sea change in ship lending has made it more discriminatory
Nordea Bank chief highlights regulatory changes affecting asset cover
- Tufton Oceanic launches distressed assets fund
Manager confident of strong returns for investors in market awash with opportunities
- Battle for funds hots up as alternative finance comes under pressure
With sources of finance drying up, private equity may find opportunities in shipping
- Pacific Shipping Trust eyes growth with nine-ship order
Shipping funds should follow real estate's example in attracting investors, says PST's newly appointed chief
- How the EEDI will impact shipping
Charter parties will be more complex and sea trials more expensive, but pros outweigh cons
- July MEPC make-or-break meeting
Too much political wrangling will not help IMO to shape a clean future for shipping
- A look at Chennai's past reveals the start of its future
A return to the city after a seven-year absence yields a surprising insight into the city's changes
- Yangtze barge woes are increasing
Shippers are concerned over supply chain vulnerability, with many ceasing to use the Yangtze River
- Farstad orders two anchor handling support vessels from STX OSV
Deal worth $218m to be completed at yards in Romania and Norway
- Hong Kong better bet for shipping IPOs, says Citigroup veteran
Asian investors take advantage of central position of shipping in region's markets
- Singapore yards have room for more rig orders
Credit Suisse says $4.5bn in rig options likely to be exercised
|JUNE 22, 2011|
- ABG moves into ownership
INDIA'S largest private shipbuilder ABG Shipyard has told Fairplay that it is venturing into shipowning
- Pilot dispute flares up over box ship
A CMA CGM box ship has become caught up in a pay dispute between San Francisco bar pilots and the Pacific Merchant Shipping Association
- German marine suppliers see turnaround
MARINE and offshore equipment producers in Germany are showing strong signs of recovery after the shipping and shipbuilding crisis of 2009-10
- Rizhao reveals shares plan
CHINA'S Rizhao Port has announced that it will acquire assets through a private placement of not more than 474M shares at 4.27 yuan each ($0.66) with key groups
- Greece seeks more from shipping
ATHENS is preparing legislation aimed at keeping earnings from Greek shipping within the country, according to the minister slated to take over the shipping portfolio
- Energy lifts Blue Water
DENMARK's port logistics and project forwarding group Blue Water has reported an upturn in transport demand driven by the energy sector
- Spanish owners seek immigration changes
TOUGHER immigration laws are responsible for a drop in Spanish shipping jobs and a decline in the country's leading registry, owners said today
- Brazil, China boost financing
BRAZILIAN banks are showing greater interest in ship financing, while Asia is also seeing increased lending activity, Arctic Securities analyst Erik Nikolai Stavseth said today
- Tufton launches distressed fund
FUND MANAGER Tufton Oceanic today launched its Oceanic Distressed Fund to invest in struggling shipping companies
- Product tanker rates rise in Atlantic
THE LULL in the product tanker trades in the Atlantic basin seems to be coming to an end, according to analysts
- Newcastle congestion hits exports
AUSTRALIAN port operator Port Waratah Coal Services has reported that congestion caused shipments to plunge last week after two weeks of strong export figures
- Capacity cuts fail to raise box derivatives
THE CKYH Alliance's decision to withdraw one of its Asia/Europe services due to poor freight rates has had little impact on the box derivatives trade
- ICTSI undaunted by Portek rival
PHILIPPINE port operator ICTSI has told Fairplay that it still hopes to acquire Singapore's Portek International, despite the emergence of an undisclosed rival bidder
- Doubling of LNG trade seen
RISING demand for LNG will see its trade double to 1 trillion m³ by 2035, according to the International Energy Agency
|JUNE 22, 2011|
- Canadian Breakbulk Line Starts Charleston Calls
Canada States Africa Line, a newly launched multipurpose line, is adding Charleston to the port rotation for its breakbulk/roll-on, roll-off...
- Emirates Joins Hanjin's FMX Service
Emirates Shipping Line is joining the Far East-Middle East Express Service operated by Hanjin Shipping, effective early next month. The...
- Rockefeller Presses STB for Rail Reform
Sen. Jay Rockefeller, D-W.Va., told the Surface Transportation Board he doesn't expect rail reform legislation in the near future, and...
- Denmark's DFDS Sells Rotterdam Terminal
DFDS, northern Europe's largest short-sea freight shipping company, sold a cargo terminal in Rotterdam to Germany's Rhenus Logistics for $35...
- Holt Logistics Launches Massive Solar Project
Holt Logistics plans to build the largest rooftop solar installation in North America at its Gloucester Marine Terminal in New...
- FedEx Annual Revenue Rises to $39.3 Billion
FedEx increased revenue 12 percent in the quarter and 13 percent in the fiscal year that ended May 31, reporting...
- SC Ports Project 6.6 Percent Box Volume Growth
The South Carolina State Ports Authority approved its budget for fiscal year 2012, which projects a 6.6 percent increase in...
- DB Schenker Mulls Future of US Transport, Logistics Unit
Germany's DB Schenker will decide the fate of its underperforming North America domestic transport and logistics business, including restructuring or...
- Charles Hiltzheimer, Former Sea-Land CEO, Dies at 83
Charles I. Hiltzheimer, who headed Sea-Land Service when it was the world's largest container line and later served as CEO...
|JUNE 22, 2011|
- ESL joins Hanjin and NYK on FMX
- ICTSI's new terminal in Rijeka already taking shape
- Ireland's export-led recovery picks up pace
- Deneb salvage continues
- Boxship charter market at the crossroads
|JUNE 22, 2011|
- Ship syndications back?
Nordea's Bjornadal hails return of the big deal and 'power statement' by client Euronav.
- 'Chastened' Troim hits NYC
Fredriksen top gun claims 'boss' has questioned his tanker acumen, but he's still not sounding bullish.
- TTA tale twists again
Dissident shareholder group, now branded "Friends of TTA" plans rally amid renewed calls for emergency meeting.
- Euronav lands giant Nordea loan
Belgian tanker owner puts market rumours to bed after sinking teeth into $750m credit facility.
- Teekay seals shuttle tanker fixtures
Teekay Offshore Partners pens 10-year contracts for four shuttle tanker newbuildings.
- Clarkson Capital plugs Danaos Corp
Clarkson equity analyst urges investors to scoop shares of US-listed boxship owner as stock recovers from retreat.
- Tufton targets distressed owners
Investment house takes aim at distressed shipowners as it finally launches new hedge fund.
- Torm shares soar in Copenhagen
Analysts gauge impact of market chatter as reports of $1bn Nordea loan hit tanker owner's stock out of the park.
- DFDS dumps port terminal
Danish ferry group hikes earnings estimate as Rhenus Logistics shells out $32m in Rotterdam port play.
- Nordea linked to giant loan package
Bank tipped to be preparing near $1bn refinancing string for listed tanker owner.
- Pace slows at Hyundai Heavy
World's biggest shipbuilder sees demand falling in second half, but expects to convert more drillship options.
- Farstad moves for anchor-handlers
STX OSV to build two offshore vessels for Norwegian owner at a cost of NOK 1.2bn.
- Mosvold restrains Otto Offshore
Legal wrangle deepens between Norwegian offshore owner and Singapore shipbuilder over late hulls.
- Tug officer blamed for smash
K-Sea crewman distracted by phone and laptop before fatal collision with tourist boat on Delaware River.
- Bulker robbers rounded up
Mumbai police nab 12 men on fishing vessel after they stole coal from Japanese vessel.
- Axel 'disengaged' from CECO and EMS
Shipowner exits as a director of Camillo Eitzen and as CEO of Eitzen Maritime Services.
- Zaliv bags double
Ukrainian shipbuilder continues to secure hull construction work for Norwegian yards.
- Panamax losses are looming
Rates for panamax bulkers are set to follow capesize earnings to below break-even level, Macquarie says.
- Charterhouse leads V.Ships chase
Buy-out specialist Charterhouse Capital Partners tipped to mop up purchase of world's largest shipmanager in next few days.
- Global orderbook at five year low
Clarksons says newbuilding tally falls below 7,000 for the first time since July 2006 as bulker deliveries set new record.
- Vinaship wants rid
Vietnamese state owner puts 1974-built bulker up for sale at $1.5m.
- Khulna bags tanker double
State-owned Bangladesh shipyard wins contracts from United Shipping Line and Global International.
- Split set in after 'lukewarm' start
AMFraser warns of more trouble ahead for Singapore-listed shipowners, but flags improvement for yards and OSV firms.
- LNG staff shortfall pending
Owners face shortage of superintendents as life at sea proves more lucrative, recruiter says.
|JUNE 22, 2011|
- DHL adds freighters to Asia network
DHL will invest 100 million euros ($144 million) for three Boeing 747-400 converted freighters to add to its Asia air network. Operated by Air Hong Kong, a joint venture between Cathay Pacific and DHL, the three planes, each with a 100-ton payload...
- AOTOS Award recipients named
The United Seamen's Service said it will present its 2011 Admiral of the Ocean Sea Awards this year to James L. Henry, chairman and president of the Transportation Institute; General Duncan J. McNabb, commander of the U.S. Transportation Command; ...
- NYK bulker installs catalytic converter
NYK Line said it has begun shipboard tests of selective catalytic reduction nitrogen oxide removal (SCR NOx) equipment installed on a new bulk coal carrier,Initial Salute.The ship was built by Oshima Shipbuilding. Shipboard trials of the equipment ...
- NTSB: Cell phone a cause of 'Duck Boat' collision
The National Transportation Safety Board said one of the causes of an accident last July in which a sludge barge collided with an amphibious "duck boat" filled with tourists, was the failure of a tug to keep a proper lookout. Two tourists died in ...
- Hiltzheimer, former Sea-Land CEO dies at 83
Charles I. Hiltzheimer, 83, who served as chief executive of three major U.S.-flag shipping lines -- Sea-Land Service, United States Lines, and Puerto Rico Marine Management -- at different times in his career, died suddenly on Monday in Charlottes...
- SAP updates transportation management software
SAP AG announced Wednesday the general availability of the latest release of its transportation management software. The 8.0 release of the SAP Transportation Management (SAP TM) application was unveiled in April, and the company said it significa...
- Hitachi Transport builds Australian presence
Hitachi Transport System has set up an Australian subsidiary to increase its logistics service presence in that market. The Melbourne-based subsidiary, Hitachi Transport System (Australia) Pty. Ltd., will start the operation in July. The company sa...
- CMA CGM creates Iran compliance desk
French container line CMA CGM is setting up an Iran compliance desk in the wake of a falsified shipment in March that actually contained weapons bound for Iran, the carrier said Wednesday. The desk is part of a larger initiative by the line to bet...
- Hopes to grow health care business
- Letter to the editor
|JUNE 22, 2011|
- Crude rebounds after Greek crisis concern calms
'We're also higher because it doesn't look like the euro zone is going to implode soon,' says analyst.
- Ventrin Petroleum closed for holiday
Company's Point Lisas office will be closed Thursday, June 23.
- Middle East bunker prices stable
'Very busy' in Suez.
- MGO prices drop double digits in Rotterdam and Hamburg
Prices 'rocket' in Piraeus late in the day.
- Ferry claims 'world first' for wind turbine power
Return on investment expected in about eight months due to fuel savings.
- EC rejects latest attack on Gibraltar's bunker sector
'No concrete evidence' that any European regulations are being breached.
- ARA: FOB prices confusing the market
Separating product price from delivery cost proposed as one possible measure to bring transparency.
- Mid-week bunker prices mixed
Demand for bunkers variable in Asian markets on Wednesday.
- Hong Kong bunker deliveries suspended due to typhoon
Typhoon signal number three hoisted in Hong Kong early Wednesday.
- Seaspan 10,000 TEU ships 'world's most efficient'
Vessels to have increased cargo capacity of 10% and a reduced fuel consumption of 20%.
- Innovations will meet challenges of MARPOL compliance
Fuel costs to continue to increase, says IBIA chief.
- Gladstone temporarily unable to deliver
IBS-operated barge and terminal undergoing maintenance.