|OCTOBER 25, 2011|
- HNA boasts 40b yuan warchest for foreign deals
HNA Group, the Chinese investor in aviation, shipping and hotels, said it has access to as much as 40 billion yuan (S$8 billion) of credit lines to support acquisitions in Europe and the United States.
- Baltic index slips, ship supply weighs
The capesize market should remain supported by healthy iron ore and coal exports to China, even as the Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, turned negative at the end of last week.
- China may double bunker suppliers
China, with the world's busiest port at Shanghai, may double the number of local companies allowed to sell tax-exempt marine fuel as demand from ships increases.
- Shabaab-Somali pirate links growing: UN
|OCTOBER 25, 2011|
- Basel Convention eco-activists say HK Convention insufficient on scrapping
- Ben Line Agencies opens its 100th office in Asia
- Marine Department: Ferry involved in collision at Cheung Chau strayed off course
- New liner services to boost Hamburg-Russia box traffic
- OOCL has not cancelled its CCX, SCX, and SSX services as reported
- CN joins Agri-Food to export Canada's containerised specialty grains
- Freight Co Ltd offers emergency flood recovery logistics services
- CSX quarterly profit up 12pc to US$464 million, revenue per unit up 10pc
- Vladivostok Air flies to Singapore via Hong Kong twice weekly
- Liuzhou Airport cargo volume up 32pc on January to September last year
- St Louis-Lambert airport vows to fight for China hub, despite tax defeat
|OCTOBER 25, 2011|
- Asia-Europe spot rates fall; transpacific decline slows
- BBC Chartering sets sail
- CMA CGM Group upgrades ASEA service between Asia, Kenya & Tanzania
- Container shipping could face long period of oversupply
- DHL India berths largest self-propelled barge at Paradip Port
- ICS says flag states must enforce rules
- K. Mohandas to grace AMTOI Day on November 2
- Rickmers-Linie selected for delivery of Airbus fuselage sections to France
- Strong Chinese appetite for ore to push up dry bulk rates
- Tanker rates at seven-week high
- Handicrafts exports surge 22 pc in Aug.
- APM Terminals Mumbai stresses on caring for people as part of Safety Day
- Nisha Roadways adjudged 'Container Transport Operator of the Year (Road)' at MALA 2011
- Adopt cluster approach to get edge in exports: Exim Bank
|OCTOBER 24, 2011|
- Huge rail market growth expected in Middle East
The Middle Eastern rail market volume stands at EUR 1.6 billion, and is set to increase by an average of 13% per year to reach EUR 3 billion by 2015, according to a study entitled ...
- Czech Airlines awards Aero Cargo GSA contract for Germany
Czech Airlines has extended its cargo GSA relationship with the ECS Group by appointing Aero Cargo as its new partner in Germany. The airline previously awarded cargo GSA contracts...
- Australian north coast rail upgrade proceeding apace
The elimination of sharp bends in the interstate rail network between Newcastle and Queensland (Australia) is progressing on schedule, with a section between Rappville and Leeville...
- Loxx to cooperate with Demas in Turkey
The German transport company Loxx now cooperates with the Istanbul-based logistics service provider Demas International Lojistik Hizmetleri ve Tic. As part of the cooperation, Loxx...
- UK P&I Club announces 3% overall increase for 2012
The premium rating of all UK P&I Club members will be increased by 3% on 20 February 2012. This was agreed by the UK Club's directors at a recent meeting in Athens. The decisio...
- Charleston breakbulk volume surges with USD 23 million investment
With a USD 23 million improvement project at its Columbus Street Terminal completed, the South Carolina Ports Authority (SCPA) is enjoying a surge in non-containerised cargo at the...
- ALE appoints Alberto Pittaluga as country manager of new Iraq office
ALE, a large and heavy load specialist headquartered in Staffordshire (UK), has opened a new office in Basra (Iraq), its first base in that country. Basra was chosen due to its str...
- Fesco and BLG Logistics to cooperate in Russia
The BLG Logistics Group and the Fesco Transportation Group have announced the creation of a joint venture to develop integrated logistics solutions for the automotive industry in R...
- Aircastle provides two aircraft to support Southern Air's fleet renewal
Aircastle Limited, a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world, and Southern Air Holdings have entered in...
- Wüst building new logistics centre in Germany
The excavators moved in at Wüst Logistik's headquarters in Weissenburg (Germany) recently, planning to complete the first stage of a new logistics centre by March 2012. The centre ...
- ALC urges push for Australian transport regulation reform
The Australian government's second so-called seamless economy agenda must focus on reforms that abolish inconsistent regulations and red tape between states, all of which adds cons...
- 1 million flights for air traffic management system
With the words "you're identified", the air traffic controller confirmed the initial call of the Lufthansa pilot of flight DLH729 from Shanghai Pudong to Frankfurt, and t...
|OCTOBER 24, 2011|
- Harris Pye completes $4.3 million of work on West Pegasus
- LCS 3 completes builder's trials
- Bridge team chatted about Cat Women as HSV sliced through fishing vessel
- Marine interior specialist adds to backlog
- Arctia to convert multi-function icebreakers to meet US EPA Arctic regs
|OCTOBER 24, 2011|
- Port of Bellingham seeks comment on Airport Master Plan development
- Two new members selected for Vancouver Fraser port board
- DHS taps BSI Group for port cargo screening aid
- Port of Seattle coping with Alaskan Way Viaduct closures
- Letter of Interest period extended for Newport Port Commission post
|OCTOBER 24, 2011|
- Brussels blocks SNCF plan to give ailing SeaFrance $139m funding
Competition competitor says aid 'incompatible' with European rules
- Heidmar pools sign up four new ships
One VLCC and three aframaxes boost total fleet to 126
- K Line sells two aframax tankers
Deals in addition to VLCC sale, as Japanese owner shrinks fleet
- VLGC market rally takes a breather
Fixtures fail as caution clouds global LPG sector, leaving owners willing to discount rates
- Kiel Canal a step closer to new locks
Meeting raises prospects of Federal funding
- ABN Amro to double shipping book
Bank's transport chief Gust Biesbroeck says bottom of industry cycle good time to get in
- Cash-rich Greek owners taking advantage of falling VLCC values
At only a third of newbuilding prices, 10-year-old vessel values offer investment opportunity
- Fesco adds Tacoma to Vladivostok service
Fortnightly departure linking US Pacific Northwest to Russian Far East will offer 14-day transit time
- Frontline continues to offload tankers
Two more suezmax vessels reported up for sale in the secondhand market
- Galileo finally leaves launch pad
EU's answer to US GPS lifts off
- Wärtsilä readies business for green rush
Environmental services and gas engines key products for the future says new boss
- India's oil destiny is linked to the Commonwealth
India has the means but not the ways to tap its deepwater hydrocarbon reserves. There is an institution that could fill the gap
- Asia takes premium pickings
Gauging the size of the global marine market is hard, but it is clear Asia is on the rise and London is even more important than previously thought
- Samudera's gross profit falls 85%
Bunker prices and increased container charter hire rates push cost of services to nearly $109m
- Demolition market in the doldrums
Scrap rates fall below $500 per ldt with continued mismatch between breaker and cash buyer price ideas
- Frangou fingers European problems as threat for bulk
Navios Maritime Partners will be 'unaffected' by credit squeeze facing owners
- Creditors release arrested Seaarland aframax
RBS and Credit Agricole must now work with company on Chapter 11 restructuring plan
- Short-period capesize charters hit $21,000 a day
Spot market sentiment improves despite pessimism over China iron ore demand
- Lloyd Fonds poised to get $21m injection from AMA Capital Partners
Cash boost would allow the KG house to participate in part-consolidation
- Scorpio Tankers charters in LR2 product tanker
- UK releases national ports policy
Long term port capacity demand to remain unaffected by global economic crisis
- Northern Europe ports 'most efficient'
Box ports have four times the throughput of southern rivals
- STX Group confirms assets sales
Owners of STX Pan Ocean and STX OSV will raise funds by stake sales in unnamed overseas assets by early 2012
- Dr Peters KG fund files for insolvency
Banks call in loan on fund that far exceeds market value of ships
- EU ban on conferences fails to win a following
Europe finds itself isolated, with no sign of a wider reform of maritime competition law
- Trailer Bridge chief executive departs
Latest development precedes crucial bond maturity in November
- Noatum to stamp its name on former Dragados terminals
Port operator wants to 'consolidate' its leadership in Spanish market
- Like the Somme
The mortality rate for Somali pirates suggests that they are formidable because they are desperate
- Human cost of piracy
The ordeal of Calixto Caniete, master of the Remuar, is a reminder of the urgency of dealing with the pirate scourge
- Costs hit SITC profits as intra-Asia volumes increase
Nine-month earnings show high growth in expenses balanced by one-time gains
|OCTOBER 24, 2011|
- High Oz dollar moves shipbuilder to Philippines
AUSTRALIAN shipbuilder Austal said it plans to expand into Asia and possibly Europe
- Frangou resets fee terms
ANGELIKI Frangou's Navios Partners today announced profits in line with expectations and a new management deal that promises higher fees to parent Navios Holdings
- Trailer Bridge boss quits
BOX-BARGE operator Trailer Bridge has confirmed the resignation of CEO Ivy Barton Suter as the company's bond maturity deadline nears
- 'Pouncing on' stray tankers
JAPAN'S No 3 carrier 'K' Line has sold a 2001-built VLCC and a 2002-built Aframax tanker, brokers told Fairplay today
- NYK losses more than double
NYK LINE has become Japan's third major carrier, after MOL and 'K' Line, to predict worse losses for 2QFY2011
- Oz ports returning to costly waiting game
THE WAIT to dock at Australia's Newcastle port will increase to 54 ships by the end of next month, IHS McCloskey predicted today
- VLCC demand immune to 40% distance cut?
TANKER voyage distances are likely to be cut by 40% when the Trans Myanmar-China pipeline is ready in June 2013, but growing Chinese crude imports would ensure long-term demand for VLCCs
- 90% tanker EPS fall warned
NORWAY'S First Securities has predicted a sharp fall in 3Q11 results for listed tanker companies
- MPS defeats lender challenge
MARCO Polo Seatrade of the Netherlands and three related companies have won jurisdictional challenges in their Chapter 11 case, paving the way for more international owners to file for US relief
- Wärtsilä using loan for R&D
FINNISH engine maker Wärtsilä said today it plans to use a €150M ($207.8M) loan from European Investment Bank for R&D
- Workers escape harm in Polish blast
AN INQUIRY into an explosion is under way today at the western Polish port of Swinoujcie
- SITC profits slide 12.9%
HIGHER costs have pushed down the profits of China's intra-Asia box specialist SITC by 12
- PIL hits target for PST
PIL HAS acquired hit its target on the number of shares in Pacific Shipping Trust it need to proceed with its plan to delist and privatise the trust
- China's ore appetite plummets
FAR FEWER ships are being chartered to haul iron ore to China, where stockpiles of the steelmaking ingredient exceed 90M tonnes
- Holiday package: even more box pressure
LONG-HAUL box rates are continuing their slide, with economic woes and skewed supply-demand fundamentals failing to provide enough confidence to bolster the sector
|OCTOBER 24, 2011|
- Mica Wants Long-Term FAA Bill by End of 2011
House Transportation and Infrastructure Committee Chairman John Mica said he will take "every measure that's needed" to pass a four-year...
- Diesel Prices Rise for Second Straight Week
Diesel prices across the United States rose 2.4 cents in the week ending Oct. 24, increasing for the second straight...
- Port of Seattle Imports Plunge 22.6 Percent
Containerized imports into the Port of Seattle plunged 22.6 percent in September over the same month a year ago as...
- Marten Transport Profit Rises 15.5 Percent
Refrigerated trucker Marten Transport increased its net profit 15.5 percent to $6.3 million in the third quarter on higher operating...
- FedEx Increases Holiday Hiring 18 Percent
FedEx, showing strong confidence in U.S. consumers and e-commerce, says it will hire 20,000 seasonal workers to handle holiday deliveries...
- Container Corp. of India Profit Down 16 Percent
Container Corp. of India's profit in the second quarter fell 16 percent to $35 million, as the state-owned rail operator's...
- Landstar System Profit Leaps 38.5 Percent
Truckload giant Landstar System increased net profit 38.5 percent to $30.2 million on a 9.8 percent increase in revenue to...
- Bob Evans Sells Midwest DC to Millard Refrigerated
Bob Evans Farms is serving up a portion of its distribution network, selling its Springfield, Ohio, BEF Foods distribution center...
- USA Truck Loses $4.3 Million, Rejects Celadon Talks
Truckload carrier USA Truck rejected merger talks with larger rival Celadon Group despite falling back into the red with a...
- US Distilled Grain Exports Will Rebound, Report Says
U.S. exports of distilled grains with solubles should grow about 2.5 percent this season after declining 11 percent year-over-year in...
- CN to Assist Grain Exporter with Supply Chain
Agri-Food Central Ltd. has become the latest shipper to sign an agreement with Canadian National Railway whereby the two will...
- Seeking Space, Creating Capacity
"Share and share alike" is a maxim shippers find hard to follow, especially if it means sharing zealously guarded supply...
- INTTRA Cargo Bookings Hit Record
INTTRA, the e-commerce cargo-booking portal, said its electronic bookings reached a record high in the past two months. The...
- Star Reefers Loss Widens to $14.1 Million
Star Reefers' loss in the third quarter widened to $14.1 million from $3.7 million a year earlier as the Norwegian...
- Japanese Exports Rise 2.4 Percent in September
Japan's exports in September grew 2.4 percent year-over-year, increasing for the second straight month after five months of declines following...
- Hong Kong Freight Tumbles 6.1 Percent
Air freight moving through Hong Kong fell 6.1 percent year-over-year in September, the seventh straight monthly decline and a lackluster...
- Trailer Bridge Replaces CEO
Williiam G. Gotimer Jr. and Mark Tanner have been named co-CEOs of Trailer Bridge, replacing Ivy Barton Suter, who resigned...
- Heading Down the Wrong Track?
For months, year-over-year gains in rail freight traffic have countered gloom-and-doom warnings about the U.S. economy heading back into recession....
- Drivers Dominate Trucking Worries
What's keeping trucking executives awake at night as 2012 approaches? If it's not the threat of a double-dip recession, it's...
- All Tracks Lead to Virginia
The two Class 1 railroads serving the ports of Virginia are playing musical chairs. When the music stops, the big...
- Not So Fast Track
The Obama administration is moving quickly, by government standards, to reform the regulations that delay outbound shipments or add unnecessary...
- US Takes a Latin Leap
Latin America was the United States' fastest-growing partner among the major trading regions during the last decade, according to the...
- Brazil Leads the Way
Latin America's economies are as varied as the countries' political and economic foundations. "Every country is moving at a different...
- Kickin' It Up a Notch
For decades, economists have been telling the international trade and transportation industries that Latin America is the region of the...
- The Cost of Inaction
We're about a year away from the 2012 presidential election, and it's obvious to all that partisanship again is getting...
- US-Canada's Taxing Debate
One country's container tax is another country's trade barrier. A coalition of six major U.S. West Coast ports and two...
- Rocky Road to Transport Deals
Ray LaHood has had enough. President Obama's Republican transportation secretary, frustrated by lack of congressional progress to fix the nation's...
- When the ASCE Talks, Congress Listens
The American Society of Civil Engineers likely never intended to be the Cassandra of U.S. infrastructure decline, but Washington hears...
- Big Ships, Bigger Decisions
With the global shipping industry facing overcapacity, a decision over deployment is hardly an idle question for carriers ...
- Matching Shippers, Mixing Modes
Third-party logistics providers are by nature intermediaries linking shippers with carriers of all types. Now they're linking shippers with shippers....
|OCTOBER 24, 2011|
- TT Club advises on equipment theft
- Transpac rates down again amid gloomy forecasts for Q4 11
- Canadian Pacific and partner converting flatbed freight to intermodal
- Plenty to beef about down Paraguay way
- Triple E class series scoop CI Award
|OCTOBER 24, 2011|
- Hansa hops into Heidmar pool
Connecticut-based tanker operator beefs up aframax stable with a pair of new additions from Hamburg.
- WFP intervenes
Wage and welfare claims stall future dealings between United Nations World Fuel Programme and Russian bulker.
- Courage snatches resale
Hsu Chih-Chien-led bulker owner ready to renew fleet as it prepares to pay $26.6m for supramax newbuilding.
- Prosafe fills floater
Oslo-listed accommodation specialist poised to pocket $34m from deal with Aussie energy giant.
- Long search over
Rederi AB Transatlantic appoints Volvo's Helene Mellquist as new finance chief, ending year-long recruitment drive.
- Trailer trips
Shares of US-listed liner outfit take a hit as bond deadline nears and chief executive heads for the door.
- Cantor downs tanker tips
More bad news for crude tanker owners as bank takes red pen to its spot rate forecasts for Q4 and 2012.
- Log ship blocked
Greenpeace activists halt what they claim is illegal export of timber from Papua New Guinea on Chinese bulker.
- Scopio bags tanker charter
Tanker operator beefs up fleet with the addition of a chartered in aframax.
- Euro wobbles worry Frangou
Navios Partners chief fears European debt crisis could upset improved dry-cargo market as owner matches Street in Q3.
- Axe falls on Samudera profit
Regional liner's bottom line knocked back a third as cost pressures increase.
- Crewman found dead
Young Scottish cadet's body discovered in front of laptop in cabin of Ever Sigma in Kong Kong.
- 70 injured in ferry smash
Three passengers seriously hurt as New World First Ferry vessel hits mooring pillar in Hong Kong.
- Guards save Seaworld tanker
Armed security team fends off attack on Greek tanker in the Somali Basin, TradeWinds is told.
- Cosco port interest hots up
Visit by top Chinese official to Athens peps up talk around sale of Piraeus stake.
|OCTOBER 24, 2011|
- Bridge of flowers
- Century's new NVO
- Smart guys do dumb things too
- Air freight lumbers toward year end
- Big ships and hubs
- The decade in finances
- Riskier than it seemed
- Where we stand
- Embracing 'big data'
|OCTOBER 24, 2011|
- Fujairah prices rise
Earliest delivery dates from November 4-5.
- Rotterdam and Hamburg bunker prices mixed
Tights avails reported in Rotterdam.
- Israeli court imposes country's 'highest ever fine' for oil spill
Mediterranean Shipping Company fined $280,000 for Haifa bunker spill.
- Icebreakers to be modified to cut emissions
Engines will be be able to use Ultra Low Sulphur Diesel.
- Russian supplier reports year-on-year growth
Gazpromneft Marine Bunker says sales up by 37%.
- Bunker player announces recruitment drive
New traders wanted for its European offices.
- Bunker prices firming as week begins
Bunker avails mixed across key Asian ports on Monday.
- Higher operating costs trim SITC profits
Increases in bunker and charter costs.
- Fishing vessels 'harassed' as they approach port to bunker
Spanish operators say Argentine Navy is threatening them with fines.
- Technology firm puts spotlight on PM and black carbon emissions
Says its emissions sensor can measure PM and help operators evaluate ECA compliance and BC mitigation strategies.
- Chinese government plans expansion of bonded bunker operations
Ministry of Commerce formulating plan after receiving applications, says Sinopec spokesman.
- Saudi Aramco sells low viscosity parcel at firm premiums
Refiner fetches strong premiums due to heavy arrivals of high viscosity, high density cargoes amid low blendstocks.
- Salvage ops on stricken vessel make 'good progress'
Around 337 mt of oil had been pumped out of Rena as of Sunday afternoon.
- Sinopec commences ops at new oil storage facility
Jiangyin-based facility will store 30,000 mt of 380 cSt and 7,000 mt of MGO.