|OCTOBER 24, 2011|
- Bodies of six Indians working at Iran oil field found
The bodies of six Indian divers working on an Iranian oil field in the Gulf were recovered yesterday from a diving chamber that became trapped underwater when its support ship sank, officials said.
|OCTOBER 24, 2011|
- Cosco hikes Far East-Persian Gulf rate US$200/TEU, adds BAF
- Asia-Europe spot rate to fall to US$677/TEU as transpac decline slows
- HK Liner Shipping Association backs low-sulphur, but wants subsidies
- MSC joins CSAV/CMA Asia-west coast South America service
- OOCL has not cancelled its CCX, SCX, and SSX services as reported
- Hong Kong signs salvage, search, rescue, surveying pact with Beijing
- Royal Marines raid mothership, rescue 20 Pakistanis, capture 4 pirates
- CSAV and HDS Lines account for 35pc of carrier-controlled layups
- FMC fines NVOCCs US$477,500 for contravening law to get lower rates
- Union Pacific third quarter profit increases 16pc despite bad weather
- Canada to FMC: We're not subsidising cargo diversion from US ports
- Wilhelmsen doubles life raft exchange revenues to Korean customers
- British freight forwarders urged to support truckers' FairFuel campaign
- China trims 11pc aviation growth prediction, now expects flat year
- Lufthansa reschedules winter flights after Frankfurt night flight ban
- Emirates SkyCargo upgrades fleet despite economic uncertainty
|OCTOBER 24, 2011|
- Baltic index surges to 10-month high
- Boxship deliveries on a high again this year & ahead
- Inadequate newbuilding supervision can lead to costly claims
- Managing the risk of container theft
- UK P&I Club expresses concerns about ECDIS
- India, Myanmar seek to double trade by 2015
- India to remain major focus of DP World
- New steel billet loading record set at Visakhapatnam Port
- Port of Le Havre's ro-ro terminal boosts throughput & area
- Singapore holds parleys to build box terminal in Andamans
- Gateway Rail commences double stack container train operations from its Garhi Harsaru (NCR) rail terminal
- Implementation hanging fire due to Centre-state miscommunication
- CMIE revises FY12 GDP forecast to 7.9 pc
- Customs, excise duty collections come a cropper in Sept.
- Deora asks RBI to maintain status quo on interest rates
- Fieo thanks Sharma for extra boost to exporters
- FIMI not in favour of hiking iron ore export tax
- Govt plans to upgrade cold storage capacity scheme
- Rupee at new low of 50 against dollar
- The removal of Green Canyon 6A platform
|OCTOBER 21, 2011|
- Rwandair to expand international service
The Central African carrier Rwandair is expanding its operations by adding services from its Kigali hub to Dubai (UAE) Brazzaville (Congo) and Libreville (Gabon). On the Kigali-Bra...
- Eurotunnel to install new radio communication system
Eurotunnel has launched a project to install a state-of-the-art radio communication system in the Channel Tunnel, which will provide full interoperability with the entire European ...
- Volvo Trucks to deliver 1,000 units to Iraq
Volvo Truck Corporation has re-established its presence in Iraq by signing an importer contract with the Iraqi automotive distribution company Zam Zam Spring General Trading. A let...
- CSX makes national gateway progress
CSX Transportation, a leading US intermodal transport company based in Jacksonville FL, has completed or is still working on one third of the clearance projects included in the nat...
- Continued growth for VW light commercial vehicles
Volkswagen's sold 390'000 commercial vehicles between January and September in the light vehicles sector, which represents growth of 25% on the prior year period. In Western Europe...
- Cargolux bridges continents
This month marks the launch of two Cargolux RTW services. The first started on Wednesday and is one of the airline's longest routes, with a total of 75 block hours and ten sectors,...
- Third runway opening at Frankfurt airport
The third runway of Europe's biggest Central European freight airport is due to be opened this afternoon, when a jet with German chancellor Angela Merkel on board lands. In the mea...
- Inland waterway volumes down slightly in Germany
Goods transport on inland waterways in Germany dipped by 1.1% in the first half of 2011, according to preliminary information from the German statistical office. 110.2 million t of...
- "Blue Star Delos" delivered to Attica
The Attica Group's board of directors has announced the delivery of the newly-built ro-pax vessel "Blue Star Delos", which was built by Daewoo Shipbuilding and Marine Eng...
- GLN welcomes its 400th member
The 9th annual Global Logistics Network conference took place in Bangkok (Thailand) from 9-12 October. The 309 delegates from 208 companies from 75 countries held more than 9,600 p...
- Ford signs new spare parts logistics deal with DHL
Ford has signed a new agreement with DHL Supply Chain for the handling of spare parts in the Nordic region and the Baltic states. The agreement covers about 23,000 different spare ...
- MOL wins supplier award from Cabot Microelectronics
Mitsui O.S.K. Lines (MOL) has been awarded a silver logistics supplier award by the Cabot Microelectronics Corporation for outstanding service. Cabot Microelectronics meets its mos...
- Toll Global Forwarding appoints new marketing director
Toll Global Forwarding has appointed Gerd-Wolfgang Kux as the new regional marketing and sales director for its EME region, with effect from 1 January 2012. Kux, who will be based ...
- Individual added value through specialised networks
The significance of specialised networks was the focus of Rhenus' press conference on the opening day of the 28th German Logistics Congress in Berlin. A focused network offers cust...
|OCTOBER 21, 2011|
- BOEM approves first offshore exploration plan since Deepwater Horizon incident
- BP chief says agreement with Andarko resolves "a significant uncertainty"
- COSCO Dalian completes VLCC to FPSO conversion job
- Celebrity Silhouette has GEA Westfalia Separator technology on board
- Austal to acquire Philippines shipyard
|OCTOBER 21, 2011|
- Trio of northwest airports earn environmental achievement honor
- Bill Graves nets new contract as trucking association president
- Oregon State University to continue as NOAA partner
- Friends of Rocky Prairie drops gravel mining permit appeal
- U.S. rail freight traffic posts gains during September
|OCTOBER 21, 2011|
- Crews refuse to sail through Indian Ocean
Swedish line 'took risks with seafarers' lives', claims one officer who left ship before sailing
- Four months in the hands of Somali pirates
Renuar master Calixto Caniete relives horror of hijacking ordeal
- Calls for transparency over use of armed protection
States urged to develop standards to prevent escalation in violence
- Exclusive: Shipping turns a blind eye to human cost of piracy
Psychological scars are being left untreated as industry focuses on costs instead of welfare
- Capesize rally pushes up third-quarter earnings for CMB's Bocimar fleet
Analysts re-evaluate fourth quarter earnings upwards for larger bulk carriers
- Perishable cargo business: it's all about boxes
Container lines have the reefer plugs but not the equipment, says Dynamar
- Suezmax Black Sea market rally set to end over the next week
Increase in number of available tankers for mid-November loadings to pressure rates
- Reefer box costs hold back lines
Leasing more attractive due to boxes' higher prices and shorter lifespan
- Trans-Burma-China pipeline could be good for tanker demand
New route to central China refineries likely to be in addition to expanding east and south coast crude import areas
- Salalah seeks to expand on its hub status
Port targets containers and hub destination cargo as key growth areas
- Infrastructure fund gets $500m boost
Breakwater will lead to more cargo space
- A third of pirates die in action
Pirate success rate is dropping due to lack of experience
- US launches fresh effort to reform competition laws
Draft proposals to be published before Christmas
- Capesize market to hold for now but charterers sense an advantage
Rates boom aided by Chinese mills seeking cheap iron ore undermined by steel price fall
- German owners told to be realistic about ship values
Private equity adviser says sale deals cannot match those under KG funds
- Pistiolis bolsters TOP with cash infusion
Tanker and dry bulk company's 80% owner says time will shortly be ripe to rebuild fleet
- The way of an unforgiving world
As the Rena's crew waits in hiding, the outrage directed at them from some quarters is sad but inevitable
- Piracy response programme is welcome
Mission to Seafarers already provides post traumatic care to freed hostages and families
- Market volatility plays havoc with vessel valuations
Changes in charter assumptions cause wide variances
- Dutch dilemma
The Dutch government is offering support for armed guards ' at a price
- The piano on the staircase
Dealing with cost pressures will prevent owners seeing their businesses crashing down
- Insurers' models won't work in China
The industry has been warned that smaller yards are still lagging behind European expectations
- Seacor profit declines as Deepwater Horizon clean-up income peters out
Profits fall back to $3.8m after extraordinary third quarter in 2010
- Star Reefers hit by 'one of most challenging years on record'
Carrier sees net losses widen and operating revenues fall as clients turn to spot market
- Arrested bulker released in Connecticut
Refueller Link Enterprises and Belarussian Shipping Company settle dispute over outstanding bunker bill
- Fourth Ocean Tankers vessels sold
Increased concerns over Cypriot tanker owner
- Five die in diving support vessel capsize
Accident happens off Iranian port of Bushir
- First Ship Trust pulls in refinancing
Commitments by banks for $437m buoy up FST as it reports stable third quarter
- Keppel sees 33% profit jump in third quarter
World's largest rig builder says outlook still strong for new orders, especially from Brazil
|OCTOBER 21, 2011|
- Pistiolis dilutes fellow investors
NASDAQ-listed Top Ships today announced a massively dilutive share sale to CEO Evangelos Pistiolis and a decision to halt quarterly financial disclosures
- WFP-chartered ship targeted by ITF
A RUSSIAN crew has raised the alarm about conditions and pay violations on a Panama-flagged bulker chartered by the UN World Food Programme
- FSL's 3Q profits fall 76.6%
FIRST Ship Lease Trust said today its priority is to refinance its outstanding loan balance of $483.08M, as it posted 76.6% lower profits for 3Q2011, year on year
- Oil traders plead guilty
OIL TRADERS Clyde Meltzer and Bernard Langley have pleaded guilty to a multimillion-dollar kickback scheme involving US imports of Venezuelan tanker shipments
- Dunkirk's throughput rises
LIQUID bulks and liquid fuels both increased 50% at Dunkirk in the first nine months of 2011, year on year
- Camillo Eitzen to sell ships
CAMILLO Eitzen said today it has agreed to sell its nine fully owned, non-ethylene semi-refer vessels
- 'Aspirin' won't stop pirates
PUNTLAND'S president has criticised the payment of ransoms to Somali pirates
- Losses widen to $14.1M for Star Reefers
STAR Reefers said today a range of negative factors resulted in net losses of $14.1M in 3Q11
- Mundra schemes frozen
MUNDRA port projects have been frozen by a court decision, which sparked a 1-2% value drop today for shares in parent company Adani Enterprises on the Bombay Stock Exchange
- Shell and partners plan Kitimat LNG terminal
ROYAL Dutch Shell and three partners plan a major LNG terminal in northwest British Columbia
- US railyard emissions targeted
PORT cargo handling equipment in Los Angeles and idling trains emit tonnes of toxic pollution per year, according to a lawsuit filed against two of the biggest US railroads
- Capesize rates spark up
CAPESIZE rates ended higher this week, thanks to cheaper iron ore and rising port congestion
- Greek ports stay shut
GREEK passenger ports will remain shut until 23 October, as Greek seafarers have decided to carry on striking
- Rena salvors hit milestone
SALVORS on the stranded box ship Rena achieved a milestone today after finally pumping fuel oil off the casualty for 24 hours straight
- Newbuilding charter tied to BCI
BROKERS told Fairplay today Oldendorff has taken a Capesize newbuilding for three years, at a rate tied to yesterday's Baltic Capesize Index
|OCTOBER 21, 2011|
- Intel Forecasts Lean Supplier Inventories
Semiconductor giant Intel, projecting caution across the technology sector despite its own record sales in the third quarter, says it...
- Obama Signs Three Trade Pacts
Exporters are urging the Obama administration to break down more trade barriers after the president signed free trade pacts with...
- Freight Rate, Surcharge Updates for Week of Oct. 17-21
German container carrier Hapag-Lloyd will apply a general rate increase on cargo shipped from East Asia (excluding Japan)...
- Senate Democrats Line Up Infrastructure for Next Jobs Vote
Democrats in the Senate plan to schedule a vote soon on President Obama's proposals for major new infrastructure spending, as...
- NY-NJ Port Authority Confirms Foye as New Chief
The Port Authority of New York and New Jersey confirmed Patrick J. Foye as its new executive director at its...
- Trucking Group Renews Pact With Graves
The American Trucking Associations announced a new three-year agreement with Bill Graves, the former Kansas governor who has been president...
- US Corn Exporters Double Up on China Sales
China may double its corn imports from the U.S. this season, adding to a burgeoning year for American exporters and...
- NY-NJ Reports Imports Flat in August
The Port Authority of New York and New Jersey reported its busiest month for container imports so far in 2011...
- Container Terminal Negotiations Get Trickier
Terminal container operators negotiating with a port authority for new facilities should expect talks to be lengthy, possibly contentious, and...
- California Steaming
California's container ports are working overtime to convince cargo interests that Los Angeles, Long Beach and Oakland should be their...
- The Disconnect
Anyone looking for signs from the retail world of greater strength in shipping demand has been looking in the wrong...
- Capacity Outlook: Grim
The outlook for container carriers as described by Alphaliner's Hua Joo Tan at this month's Journal of Commerce TPM Asia...
- Carrier's 'Act of God' Defense Is All Wet
Q: We're a trucking company with a big problem. One of our terminals is in upstate New England, near...
- Senate Approves Bryson as Commerce Secretary
The Senate voted 74-26 Thursday to confirm John Bryson to become President Obama's next Commerce secretary. Although Obama named...
- KCS Profit Doubles to $99.8 Million on Record Freight
Record third quarter freight traffic and record revenue pushed Kansas City Southern's profit up 99 percent from a year earlier...
- Thai Floods Disrupt Auto, Hard-Disk Supply Chains
Monsoon floods in Thailand are disrupting the supply chains of multinational companies including Apple, Ford Motor, General Motors, Nissan Motor,...
- Daimler Revs Up Production at Oregon Truck Plant
Daimler Trucks North America will create 350 jobs and a second shift at its Portland, Ore., truck plant as it...
- Diesel Prices Rise at Fastest Pace in 28 Weeks
Diesel prices across the United States rose 8 cents in the week ending Oct. 17, increasing at the fastest pace...
|OCTOBER 21, 2011|
- Rena: oil salvage race against time
- CMA CGM and ESL join up in Asia-East Africa trade
- MSC follows Maersk into Ecuadorian/Europe banana trade
- US exports to enjoy boost after FTAs with South Korea/Latin America
- Thailand floods threaten Bangkok as MOL lends a hand
|OCTOBER 21, 2011|
- Petronas fixes four
Kuala Lumpur-listed offshore owners win big as Malaysian oil and gas giant takes on more local tonnage.
- Mail ship says goodbye
RMS St Helena drops UK port call as it aims to improve links to remote South Atlantic islands.
- Indian port mulls bond sale
Rumours of bond issue for Indian port could be first sector sale for five years.
- Pistiolis pumps in cash
Top Ships chief buys 11m shares for $5m, taking holding well beyond 50% as stock drops as much as 32%.
- CECO banks sale cash
Norwegian group reveals $12m pay-day from offloading Eitzen Gas to Pareto-led consortium.
- Essar gets listing go ahead
Indian shipowner gets the nod to follow in the footsteps of Essar Ports.
- Making money the easy way
The similarity between Ferrari owners and pirates, why remuneration of up to $14m is perfectly reasonable and a bureaucrat against bureaucracy.
- SeaFrance faces D-Day
French government has until Monday to convince EU to allow state aid for struggling owner.
- Boskalis nabs LA contract
Dutch dredging outfit lands contract in Latin America worth EUR 125m.
- Shipowners without ships?
With fleet sell-offs, huge losses and delistings, today's New5 in Numb3rs is pretty grim.
- Austal eyes Cebu
Australian shipbuilder says it will buy a shipyard in the Philippines before the end of this year.
- Kyoei set to tank
Japanese tanker owner increases annual net loss forecast in dire markets.
- Wartsila bags research cash
Finnish ship engine maker borrows EUR 150m from European Investment Bank for product development.
- Star Reefers not so bright
Reefer operator slips deeper into the mire with poor profit performance.
- Seacor still down
Diversified US owner still feeling the Deepwater impact more than a year later.
| - Ocean news||web site|
|OCTOBER 21, 2011|
- Rand Logistics acquires bulker
- COSCO raises Far East/Middle East rates
- OOCL's Q3 revenues down on weaker rates
- 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.
- 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.
- Maersk/MISC convert SE Asia-Oceania loop to butterfly
- MSC adjusts Asia-US bunker fee levels
- Rickmers-Linie to add regular Bilbao calls
- Rena resumes fuel removal
|OCTOBER 21, 2011|
- Aegean shares rally by 9% in single day
Shares of marine fuel supplier in New York closed 9.4% higher.
- Conservationist says Rena accident highlights NZ coastal vulnerability
'I won't rest until we take measures to make things safer for Northland. A tanker load of oil would make the horrific Rena episode look like a black puddle.'
- Bunker prices uncertain in the Americas
Crude futures climbed for the first time in three days.
- Wärtsilä secures 150 million euro loan
Company to focus on developing engines that are more efficient, more reliable, and with lower lifecycle costs and improved environmental performance
- RN-Bunker takes delivery of tanker to assist in bunker operations
Vessel will undertake bunkering operations in the Kola Bay.
- Regulations 'an obstacle' to efficient ship design
For cradle to grave solutions, we really should start with conception, says president of Robert Allan Ltd.
- Bunker prices rise in Fujairah
Avails continue to be a problem in Durban.
- Rotterdam prices stable
Delays also reported at several loading installations.
- SkySails in new cooperation
BBC Chartering to cooperate with SkySails on wind propulsion after acquiring BBC SkySails.
- BP settles lawsuit against former staff
Four of the six who left BP and joined Brightoil had filed counter claims.
- VLCCs claw back break-even rates
But analyst predicts several owners will still be 'bleeding cash' in Q4.
- Bunker operations resume in Greek ports
'There is a huge queue of barges waiting to load,' player tells Bunkerworld.
- New role for Business Development Manager at Maersk
Jesper Rosenkrans now at Maersk Oil Trading's fuel trading desk.
- Week ends with bunker prices largely up
Supplies of bunker fuel mixed at key Asian ports on Friday.
- BP charters 'world's biggest' bunker tanker for Fujairah market
22,000 dwt Splendor chartered by BP to conduct bunkering, says source at Hong Lam Marine.
- IFO supplies dry up in Colombo
Replenishment cargoes of 380 cSt bunker fuel to arrive in Colombo from October 22-26.
- Germany shipping firm launches 'EcoCalc'
Calculates SO2, NOx and PM10, in addition to CO2 emissions, says Hapag-Lloyd.
- Fuel pumping ops from Rena resumes
Salvage team makes 'slow but steady' progress, says MNZ.