|JULY 26, 2011|
- Kuehne+Nagel sets sights on Asia
Freight forwarder Kuehne+Nagel is stepping up its charge on Asia's markets as part of its ambitious five-year plan to double its revenue.
- Pirates attack Italian ship off W Africa coast
Pirates attacked an Italian tanker carrying a cargo of diesel fuel in the Gulf of Guinea off Benin, making off with some goods but leaving the crew unharmed, local authorities said.
- US regrets killing of Taiwan skipper in crossfire: report
Washington 'regrets' the killing of a Taiwan skipper who died in crossfire when the US Navy attacked Somali pirates who had seized his boat, a detailed report into the incident said yesterday.
- Dhaka ship-breaking yards okayed to work
|JULY 26, 2011|
- China Academy of Sciences predicts slowdown in world container cargo growth
- MSC's north Europe port focus eyed as Le Havre returns to normal
- Importers 'evade' Jones Act ordering oil lots too big for US ships to handle
- Singapore feeder Bengal Tiger swaps Manila-Taiwan services with Wan Hai
- Mombasa-Kampala railway wins US$40 million loan, hopes to cut costs 35pc
- DP World adds new South American terminals with acquisitions in Suriname
- North Europe ports strengthen, Duisburg growth rate overtakes Antwerp's
- Shipper conditions improve, but unlikely to last: FTR Shippers' Update
- US court rules Long Beach clean trucks deal contrary to state law
- APM Terminals' Nigerian Apapa facility starts scanning 200 boxes a day
- China Southern Airlines adds Vancouver to Shanghai-LA cargo service
- Hainan Airlines to open European network from Turkey
- Victor Bout fails quash gun-running case with 'US malicious prosecution' plea
|JULY 26, 2011|
- Cargo Scope 2011 inauguration tomorrow
- CSCL assigns 14,074-TEU newbuilding to Asia-Europe trade lane
- DHL offers Shanghai to Seattle direct LCL service
- Education helps protect shipping & reduce maritime security risks
- Grand China bundles SPX & TPX loops into California butterfly service
- Hanjin restarts service to Japan through Le Havre
- Japanese shipbuilders to focus on fuel efficiency to regain market
- MOL adopts low-friction ship-bottom paint
- Moody's grades box shipping better than dry & liquid bulk
- MSC announces rate restoration by $ 250 per TEU
- Prospect of 20 pc rise in operating costs looming over shipping firms
- Upgrade & new consortium for SWAX service announced
- Edible oil imports to fall due to record output
- India may emerge as US Exim Bank's top mkt
- Draft of proposed new Ports Act in place
- MbPT allotting pre-delivery inspection area to boost automobile exports
- Plans afoot to set up lucrative ship-repair hub at Cochin Port
- Plans for port in south Myanmar
- SEZ exports climb 23 pc
|JULY 25, 2011|
- Maersk joins the World Ocean Council
The A.P. Moller - Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Through its signatory to the World Ocean C...
- CMA CGM to launch a new service between Asia, Fiji Islands and New Zealand
CMA CGM Group recently announced the launch of a new service connecting Asia, Fiji Islands and New Zealand, effective July 18th, 2011. Named ANZEX, this new weekly service will dep...
- Continental further expands in Russia
Continental banks on the Russian market: the tyre manufacturer is going to invest EUR 220 million in a production plant in Kaluga (Russia), 170 km from Moscow. The new factory is s...
- Ritter Logistik banks on sustainable technology
The German Ritter Logistik, based in Langenhagen/Hanover and Magdeburg, is going to introduce a Mercedes-Benz Atego BlueTec Hybrid as one of the first 35 European customers from th...
- New shuttle connections between the northern ports to Enns and Vienna (Austria)
The Austrian container logistics provider IMS is going to increase the frequency of trains for the Austrian container shuttle. From the beginning of August the container operator i...
- Quehenberger Logistics expands to Croatia
The Austrian logistics provider Quehenberger Logistics has opened their first branch office in Croatia which firmly establishes their presence in the Balkan region with their locat...
- Air Bridge Cargo Airlines extends agreements with Fraport
Air Bridge Cargo Airlines (ABC) has extended its agreement with Fraport-Subsidiary Fraport Cargo Services (FCS) for cargo handling at Frankfurt/Main Airport until 2016. ABC has als...
- Geodis and Kiala enter strategic alliance
The new strategic partnership with Kiala strengthens Geodis' e-business offering. French domestic express delivery operator, Geodis, and Kiala, Europe's number-one networ...
- Kuehne + Nagel acquires Dutch perishables logistics operator
Kuehne + Nagel announced that it has entered into an agreement to take over J. van ...
- duisport: Significant growth in all goods segments
After it was possible to set a new record in container handling last year, the figures to the middle of the year confirm this positive development. Thus container handling on the t...
- INTTRA Selects Jeffrey Ganek to Join its Board of Directors
INTTRA, the leading provider of e-commerce solutions for the ocean freight industry, announced recently that Jeffrey Ganek has been appointed to its board of directors. Ganek is th...
- UAE is represented by NAFL awardee for YIFFA 2011
The United Arab Emirates will have a representative at the prestigious Young International Freight Forwarders Award (YIFFA) 2011 in the person of 24-year-old Niranjan Venkatesh, wh...
- Swissport signs new contracts with TNT and Icelandair in Belgium
Swissport International, the world's leading provider of ground services to the aviation sector, has sealed renewal contracts with TNT and Icelandair covering their cargo handling ...
|JULY 25, 2011|
- Grand Isle Shipyard purchased by NANA Development Corporation
- Gulmar newbuild diving/ROV support vessel heads for Brazil
- B.C. provides $40 million backing for Seaspan NSPS bid
- SeaRiver Maritime signs deal to build two tankers at Aker Philadelphia
- Docklift confirms first contract for Type 0 heavly lift vessel
- MOL adopts new low-friction hull paint
|JULY 25, 2011|
- Port of Tacoma sees rise in year-to-date container volumes
- Ceremony marks christening of Hamburg Sud container vessel
- Mitsui O.S.K Lines using low-friction paint on vessel hulls
- Crowley taps Cole Cosgrove as marine operations vice president
- Top Ships Oks sale of drybulk vessel AMALFI
|JULY 25, 2011|
- Aframax asset values could see downwards revision
Two tanker sales due today (tues) have the potential to push prices down
- Hopes of three-year high for Middle East to Asia LPG rate
High levels of fixing should continue this week and draw down the list of available spot ships, but momentum could slow down in a month or two
- GasLog order in South Korea
Gaslog has ordered a liquefied natural gas carrier for $200m from South Korea
- Activity picks up after Bangladesh extension granted
High Court allows Chittagong yards to import vessels for scrapping until October ' what happens thereafter is still not known
- Petrobras earmarks $17.6bn for fleet and logistics drive
Petrobras has earmarked $17.6bn for fleet expansion and logistics improvements in its latest five-year plan, from 2011-2015, as the Brazilian energy company continues to develop oil and gas fields in the South Atlantic, which will need a growing volume of tonnage to carry the fossil fuels
- State Department insists on guards for US vessels
Assistant Secretary of State turns to owners for input over measures to fight piracy
- What is fuelling Greek rise in LNG?
Traditional owners can see an emerging liquefied natural gas market, even as ailing dry bulk and tanker markets prod them to look elsewhere
- Safety first in the dash for gas
As more vessel types take up the cost and environmental benefits of gas-powered shipping, it is becoming increasingly important that crew are trained properly in its use
- Let's blow an inverse trumpet fanfare for the Top 100
Annual container ports throughput report gives a fascinating insight into the physical flow of goods
- Ignore the politics: carbon is now a commercial imperative
Any waivers in European Union efficiency rules will be meaningless if owners cannot sell on their ships
- What happens next?
Though IMO agreement to cut CO2 emissions was patched together, it is at least binding
- Blue Water inks cargo heating deal with ST Shipping
Improved fuel consumption to reduce impact on environment
- Paris and Tokyo Memoranda launch concentrated inspection campaign
Action starting at the beginning of September will focus on structural safety and the Load Line Convention
- CAP reporting time cut
Bureau Veritas tanker assessment down to one month
- Down to business
Guide gives advice on contracting underwater maintenance
- Van Oord hits back at claims of Mombasa illegal dumping
Dutch dredging and marine engineering operator denies reports that spoil from $60m Likoni channel project has been seen closer to the shore than expected
- Stratos acquires Blue Ocean Wireless
Operational assets of US GSM services provider bought by Inmarsat company
- Seafarers receive widespread praise for postponing strike action
Crews are protesting against pension cuts as government strives to reduce Greek deficit
- Putting troops on ships
Armed guards may well be a necessary evil but proposals to use UN troops rather than private security are infinitely preferable
- Net benefits
WiFi internet access is the sort of thing that would represent a quantum leap in the quality of a seafarer's life, yet ports are shunning it
- Deepwater Horizon investigators delay report yet again
Findings seen as crucial to future US oil spill legislation held back for at least 30 days
- Oaktree builds up stake in Eagle Bulk
Dry bulk investment complements cash injection in tanker major Genmar
- Singapore opens $21m vessel tracking centre
MPA aims at making vessel traffic safer and more efficient
- Rickmers Maritime sees no quick escape from financial fetters despite rise in profit
Singapore listed trust raises distribution but does not anticipate freeing itself from restrictions imposed in debt restructuring
- APL freight rates see further drops
Container line blames weak Asia-Europe trade for 13% fall in average revenue per feu
- Qatar Navigation profits halve as purchase skews results
Acquisition of Qatar Shipping sees profits drop to $114m, while operating profits rise
- TOP Ships to take book loss on handymax sale
Amalfi is second vessel shed from dry bulk division within a month
- Grimaldi wins concession for Barcelona ferry terminal
Italian ro-ro and cruise group seals 15-year deal over the 60,000 sq m Muelle Costa passenger and freight facility
- Bulker and tanker rates fail to ignite at end July
|JULY 25, 2011|
- Danaos sees softening
CONTAINERSHIP lessor Danaos today reported a smaller loss for its second quarter but warned on negative market trends
- Aker Philly courts Exxon
AKER Philadelphia confirmed today that it may win the first US orders for crude tankers in a half decade
- Greek secondhand buys rise
GREEK secondhand purchases rose 30% in the second quarter from first-quarter levels, Fairplay was told today
- S Africa coal miners strike
A STRIKE by coal miners in South Africa might affect exports if it stretches for longer than a fortnight, according to analysts
- Cruiser overboard search ends
US COAST Guard teams have called off their search for a young passenger of Holland America's Oosterdam who went overboard in Alaska. Search ends for overboard Alaska passenger
- Savannah box totals rise
MARKET share gains and a stabilising US economy helped drive box volume increases at Savannah in fiscal 2011, the Georgia Ports Authority said today
- Ship blaze erupts at Black Sea port
A BULKER fire is reportedly raging today at Midia-Navodari, a small Romanian port just north of Constantza on the Black Sea
- Petrobras pumps up E&P
BRAZIL'S oil major Petrobras will significantly increase its future production spending, supporting the rise of a major new tanker trade
- SeaFrance plans to cut jobs, service
TROUBLED ferry operator SeaFrance told Fairplay today it plans to cut more jobs and withdraw one of its four vessels from service
- Top takes second hit
NASDAQ-listed Top Ships has announced the sale of yet another bulker at a loss as it seeks to meet its debt obligations
- Qatar Navigation calls profits fall 'skewed'
QATAR Navigation's net profits dived in the first half, but the company said today the result was skewed by its purchase Qatar Shipping
- Putin slashes quota of pork imports
RUSSIAN Prime Minister Vladimir Putin has ordered a 31% reduction in the quota of imported pork allowed for next year
- Zanzibar ship safety crackdown sought
THREE ship accidents in Zanzibar this month have sparked a legislative call for a safety crackdown
- Oaktree takes Eagle stake
PRIVATE equity firm Oaktree has disclosed purchasing 7.8% of common shares of Eagle Bulk Shipping
- US tanker waivers assailed
US SHIPPING interests are riled over the Obama administration's use of Jones Act waivers to transport oil from the Strategic Petroleum Reserve
|JULY 25, 2011|
- Rockefeller Calls For FAA Reauthorization
U.S. Senate Commerce Committee Chairman John D. Rockefeller IV on Monday called on top U.S. House Republicans to convene a...
- Customs Reports Progress on ACE
Pilot testing of the ocean and rail manifest systems in the U.S. Customs and Border Protection's Automated Commercial Environment is...
- Canadian National Adjusted Profit Rises 8.2 Percent
Canadian National Railway's second-quarter profit rose 8.2 percent before counting a charge for net deferred income tax, to $611 million...
- Diesel Prices Rise for Third Consecutive Week
Diesel prices across the United States increased 2.6 cents in the week ending July 25, rising for the third consecutive...
- FMC's Lidinsky Studying Prince Rupert Impact
Federal Maritime Commission Chairman Richard Lidinsky said the FMC has been asked by West Coast members of the U.S. Congress...
- ILA's Hughes Offers 'Full Support' to Daggett
Richard Hughes Jr., who is not seeking re-election as International Longshoremen's Association president, said Harold Daggett has his "full support"...
- Dennis Daggett to Head ILA Atlantic District
Dennis Daggett, son of International Longshoremen's Association president-in-waiting Harold Daggett, is the new president of the ILA's Atlantic Coast District,...
- YRC's Welch: We Must Demonstrate Value
YRC Worldwide must demonstrate its value to shippers, logistics providers and its own employees to survive and succeed, new...
- Canada's Purolator International Expands in US
Canadian logistics provider and package carrier Purolator International opened a facility in Minneapolis as it rolls out an "aggressive" expansion...
- Hamburg Sud Stops Chassis Service at Oakland
Hamburg Sud will stop providing chassis for merchant haulage in and around the Port of Oakland as of Sept. 15,...
- DOT Stimulus Project Payouts Near $30 Billion
The U.S. Department of Transportation's payments to states for completed stimulus projects reached $29.92 billion as of July 15, and...
- Chevron Contracts Dockwise's New Heavy-Lift Ship
Dockwise signed the first contract for the world's largest heavy-lift vessel with U.S. oil company Chevron for a undisclosed...
- Georgia Ports Report Double-Digit Growth
Container, auto and breakbulk volumes at Georgia's two deep-water ports surged at double-digit rates in the 12 months of the...
- Virginia Governor Sacks Most of Port Board
Virginia Gov. Bob McDonnell replaced 10 out of the 11 members on the board that oversees the Virginia Port Authority...
- Rickmers Trust Profit Surged in Second Quarter
Containership owner-charterer Rickmers Maritime Trust said Monday that its net profit in the second quarter surged by 1,302 percent year-over-year...
- Third Parties on the Rise
In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million...
- Ocean Carriers Skip Congested Indian Port Calls
Severe terminal congestion at India's Port of Nhava Sheva (Jawaharlal Nehru) spurred major ocean carriers to skip calls at the...
- NOL Volume Up, Average Revenue Falls
Neptune Orient Lines said its container handling increased 5 percent year-over-year in the four-week period from June 4 to...
- Natural Gas Hits the Road
There may be a strong case to be made for using natural gas to fuel the country's heavy-duty trucks, but...
- Railroads Point the Way
Some of the most up-to-date readings of the economy and detailed forecasts for where it's headed will appear this week...
- Gate Expectations
Matthew "Bo" Bates thinks many ocean carriers have left their customers in the lurch. As a growing number of container...
- As the Water Churns
These past couple of weeks showed serious signs of déjà vu for the shipping and trade sector. Just when you...
- NY-NJ's Moving Target
The Port Authority of New York and New Jersey will replace fewer old trucks than expected under a $28 million...
- Slow-Steaming for Surcharges
In their original proposal for the 2011 contracting season, ocean carriers announced through the Transpacific Stabilization Agreement discussion group they...
- Running on Empty
The peak season is at hand in the eastbound trans-Pacific, but freight rates are dropping steadily and carriers are pulling...
- Pioneering AFL Sets Sail
The AFL New England made its inaugural call at Boston on July 19, officially kicking off the vessel's Halifax-Portland, Maine-Boston...
- Marine Highways' Next Stop: Washington
Logistics 101 states shippers want reliable service at a competitive price. Trucks and trains have certainly met that need, but...
- Building Toward an Answer
Suddenly, infrastructure spending is catching fire as a national political issue. In the middle of a high-stakes faceoff with...
- Export Driven?
We're a year into the National Export Initiative's five-year plan to double U.S. exports. We're also some 16 months from...
|JULY 25, 2011|
- You cannot rely on self-regulation in container shipping
The mandatory fitting of seat belts to motor vehicles around the world in the 1960s and 1970s had little effect on reducing road deaths until such use was made compulsory
- Indonesia 'not up to speed'
- CSCL Mercury joins Asia - Europe melee
- 'Stressful days ahead' in financial markets
- DP World looks to harness the sun in Mumbai
- German owners push for armed protection
|JULY 25, 2011|
- Danaos narrows loss
Interest rate swaps continue to plague John Coustas-led containership owner as box rates erode.
- Sinokor tied to DRYS deal
Brokers finger South Korean operator as a buyer in the recent sale of Greek owner's capesize bulkers.
- Pdvsa seeks 'dirty' deal
Brokers dial up Venezuela in bid to cash in on local energy giant's one-year tanker tender.
- Exxon unit inks tanker duo
SeaRiver Maritime turns to Aker Philadelphia Shipyard with an order for twin aframax newbuildings.
- Investors avoid KG funds
KG funds continue to suffer investor neglect as market uncertainty persists.
- Petrobras picks Gulmar
Middle Eastern offshore contractor pens diving-support vessel deal with Brazilian energy giant.
- Songa scores
Oslo-listed offshore contractor ties up $268m gig for semisubmersible drilling unit.
- Danaos crowns CFO
New York-listed containership owner's finance deputy secures role as John Coustas' top lieutenant.
- 'Time to be creative'
With VLCC spot rates less than half what a newbuilding requires to break even, Poten says some owners will need to think laterally to ride out the storm.
- Romanian yard fire out
But Syria linked FGM Ship Management is unable to report on extent of damage to handysized bulker.
- Sell, sell, sell
Cantor Fitzgerald analyst tells investors to offload shares in NAT, Genco and Freeseas amid lower earnings forecasts.
- Green way to beat bunkers
Stopford sees pricey bunkers and more efficient ships working in tandem.
- Charter boosts Rickmers
New CSAV deal at treble the rate of previous Maersk hire lifts tonnage supplier's earnings.
- Oaktree in at Eagle
Investor emerges as significant shareholder in Sophocles Zoullas-led bulker owner.
- Croatia yard gets new boss
Croatian businessman Darko Koncar is only months away from signing deal on yard ownership.
|JULY 25, 2011|
- DB Schenker to eliminate BAX freighter fleet
German third-party logistics giant DB Schenker announced Friday that U.S. subsidiary BAX Global will eliminate its dedicated domestic air cargo fleet and instead operate a "non-fixed asset" model by booking customers' freight on other cargo carri...
- Sweden signs Rotterdam Rules
The United Nations Commission on International Trade Law (UNCITRAL) said that Sweden has become the 24th country to signed the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea, known as the Rott...
- Shipowners' Club restructures in London
The Shipowners' Club, which specializes in the provision of protection and indemnity insurance cover for small and specialist vessels, has restructured the departments within its London branch. The London claims and underwriting teams are now organ...
- PIL restructures, renames Asia/Black Sea loop
A PIL loop linking the Far East and Black Sea ports has undergone changes in name and structure, according to research from American Shipper affiliate ComPair Data. The line's former SBS service has been renamed BSC, and will be operated with fewer...
- Kelly to retire from MOL
Thomas Kelly, executive vice president and chief operating officer of MOL (America), will retire at the end of July, the Japanese container line said Friday. Kelly joined MOL in July 1999 as the regional vice president for the Midwest region. In 20...
- Hapag-Lloyd adds Halifax/New England feeder
Hapag-Lloyd said Friday it has started a feeder service connecting Halifax with Boston and Portland, Maine. The service is meant to sync with the liner carrier's services connecting Halifax with Europe and Asia, Hapag-Lloyd said in a service adviso...
- Purolator opens new Minneapolis branch
Purolator International, a logistics subsidiary of Canada's Purolator Inc., has opened a new Minneapolis branch. The company said its Minneapolis facility is part of "an aggressive 2011 expansion plan," which re-entered the U.S. market in 2001. "T...
- Ryder names Cooke U.S., Canada operations head
Ryder System has appointed Dennis C. Cooke to senior vice president and operations chief for its Fleet Management Solutions business segment in the United States and Canada. Cooke joins Ryder following a 22-year career with GE and related companie...
- Vanguard names Polish agent
Non-vessel-operating common carrier Vanguard Logistics Services has appointed Warsaw-based Maritime Transport & Agencies Sp. z o.o. (MTA) to serve as its exclusive agent in Poland. "MTA Scandinavia has been the exclusive Vanguard partner in Scandin...
- Sohn confirmed as L.A. harbor commissioner
The Los Angeles City Council on Friday unanimously approved the appointment of Sung Won Sohn to the Port of Los Angeles Board of Harbor Commissioners. Sohn is an endowed professor of economics for the Martin V. Smith School of Business and Economi...
|JULY 25, 2011|
- Markets mostly firm Monday
Congestion reported in Rotterdam and Gibraltar.
- Alfa Laval develops cooling system for Fuel Conditioning Modules
Unit delivers chilled water to FCMs, keeping temperatures stable.
- Fujairah firm, Durban IFO dips
No clear price trend in South Africa amid continued limited supply.
- Bunker prices and regulations drive fuel efficiency
Shipyards 'sharpening their energy efficiency models,' says Martin Stopford of Clarkson Research Services.
- MOL chooses 'low-friction' hull paint
Carrier predicts improved fuel efficiency.
- Fuel oil volumes from Middle East set to fall
Singapore-based trader says East Asian traders can't compete with local cargo buyers.
- Container line chooses 'super long-stroke' engine
S90ME-C9 engine from MAN Diesel & Turbo 7% more efficient than other systems.
- Asian bunker prices up as week opens
Mixed demand across key Asian bunker hubs on Monday.
- Valero confirms UK bunkering plans
London office to handle bunker fuel sales from Pembroke Refinery.
- Australia to cut fuel tax credits for marine transport
Tax credit for diesel in marine transport to be cut by more than 6 cents per litre in 2012 to 2013.
- PIL adopts marine fuel management technology
Rising bunker costs prompts deal with Emerson.
- Lanka IOC sees improved bunker sales on restructuring
Company 'removes bottlenecks' in its supply chain and improves delivery, says chairman.
- Singapore: Bunkering 'loophole'
Selling marine fuel in Singapore is not as straight forward as some international traders think.