|SEPTEMBER 26, 2011|
- Supertankers on Gulf route still bleeding
Owners of supertankers able to haul two million barrels of oil lost money on the industry's benchmark Saudi Arabia-to-Japan route for a 20th session because of a glut of ships.
|SEPTEMBER 26, 2011|
- Asia-Europe rates fall 4.9pc as Shanghai index plummets to US$754/TEU
- Wan Hai, Interasia launch revised intra-Asia Japan-Singapore NS3 Service
- MOL Logistics signs forwarding contract to expand its African network
- Hapag-Lloyd delays US$160/TEU, $200/FEU Canada-Asia surcharge until Nov
- Egyptian Red Sea port of Sokhna on strike after 3 moves per hour slowdown
- US trade official warns industry that attacking yuan is counter-productive
- Germany's HSH Norbank must slim shipping portfolio to receive bailout
- Five major carriers share CINSnet data on cargo with potential risks
- Canadian Pacific adds 91 locomotives to meet Asian export market
- Indonesia's Papua province sees second air cargo plane crash in a month
- FedEx trims profit expectations for 2011 as Asia volumes slow down
- Atlas Air exercise termination rights on three Boeing 747-8Fs
- AVIC: China's civil air transport to add 4,583 aircraft over 20 years
- IATA blasts US air security tax as less than half will be spent on security
|SEPTEMBER 26, 2011|
- ...keen to participate in PPP shipbuilding ventures
- Charities want imposition of UN carbon tax on shipping
- DBC Port Logistics Ltd'A familiar name, now with an enhanced service identity
- Express Transport excels in heavy lift/project cargo movement
- L&T set to join hands with Hindustan Shipyard
- Mercator Lines renamed, to focus on other businesses
- MSC to implement GRI on North Europe-Subcontinent trade
- Two NYK LNG carriers recognised for reporting seawater temperatures
- CWC to pump in 78 cr. for enhancing capacity
- Apply for claims under DEPB, govt tells cotton, yarn exporters
- closes in on 50 against dollar; biggest weekly fall in 15 years
- Duty drawback rates announcedfor 4,000 items
- FinMin makes e-filing of excise, service tax returns mandatory
- Fresh stimulus package for exporters soon: Khullar
- Govt may limit wheat exports to 5 lakh tonnes
- India may become worlds third largest economy this year
- New duty drawback rates on expected lines, barring few aberrations: Fieo
- Onion prices to be monitored regularly: Thomas
- Pawar wants govt to announce sugar export policy in October
- MAERSK LINE & Rickmers-Linie (America) form US flag project cargo partnership
- Magdenli Transport expertly air charters heavy lift cargo
|SEPTEMBER 23, 2011|
- Africa West Cargo expanding regional services
The Togolese full-freighter operator Africa West Cargo has expanded its fleet by leasing a second DC-9 freighter. The airline recently added Freetown (Sierra Leone) and Monrovia (L...
- Ulan Bator Railways increases cargo volume
Ulan Bator Railways (UBR) achieved operational improvements in cargo transport in 2010. Cargo flows stood at 16.8 million, up by 19% year-on-year and export freight, in particular ...
- US to fund Vietnamese cargo hub feasibility study
The US Trade and Development Agency (USTDA) signed a grant agreement with the Middle Airports Corporation (MAC) to help expand Chu Lai international airport, the largest airfield i...
- Geodis rolls out first hybrid refrigerated trailer truck
Geodis will begin making deliveries for Carrefour in Lille (France) using a hybrid refrigerated trailer truck. The 26 t unit, which complies with the Euro 5 standard, will begin de...
- Chile's antitrust court approves LAM and TAM merger
LAN Airlines, based in Santiago de Chile, and Brazil's TAM, announced that Chile's antitrust court has approved the merger between the two companies. This represents one more step ...
- ICTSI buys more Greek ports
International Container Terminal Services Inc from the Philippines (ICTSI) has acquired two more Greek ports. The amount of USD 500 million is being put aside for the ports of Pira...
- Jens Opara appointed Röhlig Holding airfreight director
Jens Opara has been appointed airfreight director at the international freight forwarder Röhlig in Bremen. In his new position, the 45-year-old German will be responsible for the d...
- Rhenus builds further logistics warehouse in Rhineland-Palatine
In the Sponsheim/Grolsheim commercial area in Rhineland-Palatine's Bingen the German logistics services provider Rhenus is building a second warehouse in the coming months. The new...
- Ground-breaking ceremony for DHL logistics centre in Leipzig/Halle
With the expansion of its logistics capacities at DHL's European airfreight hub in Leipzig/Halle, DHL Supply Chain, a world leader in the logistics industry that specialises in con...
- Kuehne + Nagel expands services and network in China
Kuehne + Nagel China has incorporated road logistics into its integrated range of services and is steadily expanding its office network. Responding to growing market demand for qua...
- Standard & Poor's downgrades Hapag-Lloyd
Standard & Poor's today downgraded Hapag-Lloyd to BB-. In the light of the difficult economic environment for the shipping industry, the outlook was adjusted from "stable" to ...
- Northern Harbour handles more containers per arrival
The arrival of Unifeeder's containership "Ceres" on 21 September marks the premiere of CMP's container activities at Malmö's recently-inaugurated northern harbour. The fa...
- SBB Cargo International on target
"SBB Cargo International, a new company that started trading at the beginning of the year, has got off to a strong start," according to CEO Michail Stahlhut at the openin...
- Renault Magnum is 20 years old
The Magnum by Renault Trucks is 20 years old. The lorry was first seen on European and international highways in 1991 and soon became the symbol of quality of life in a lorry for m...
|SEPTEMBER 23, 2011|
- Meyer Werft cuts first steel for Norwegian Breakaway
- Bollinger Shipyards gets contract mod for four more Fast Response Cutters
- California Maritime students receive Thomas B. Crowley Sr. Memorial scholarships
- Wärtsilä two-stroke gas engine meets Tier III emission limits
- UK P&I Club has concerns about ECDIS introduction
|SEPTEMBER 23, 2011|
- Coast Guard teams monitoring vessel grounded in Columbia
- US rail freight traffic delivers up/down month
- Crowley presents scholarships to three maritime academy students
- Port of Vancouver, USA welcomes maiden voyage vessel
- Richard D. Steinke receives Connie Award
|SEPTEMBER 23, 2011|
- Improved suezmax rates short-lived
Brokers estimate only 10 owners will have benefited from upwards blip in earnings
- Hanjin Shipping announces $400m in scramble to shore up finances for operations
South Korea's largest boxline also sells stake in energy unit as stock collapses 12%
- Container spot rates under pressure on key trades
SCFI and WCI decline as peak season ends
- LMA says IUMI does not speak for industry in support of armed guards
Statement is at odds with that of the rest of the industry
- Mozambique poised for coal boom
Transforming Mozambique from a minor coal producer into a major international exporter is a huge task
- Explanation required
It should be easier for next of kin to win an explanation of why a family member has been killed in an accident on a ship
- UK P&I Club compiles guidance booklet on ecdis
Thousands of seafarers unprepared but risk of vessel detention very real, warns mutual
- Industry confidence at lowest point since May 2008
Global economy, excess tonnage and high cost of fuel cited by respondents to Moore Stephens quarterly survey
- New hope for family as coroner rules on Courtenay Allan death
Human intervention may have caused lift to malfunction
- Norstar Shipping sells small tanker fleet
Singapore-based company now focusing on shipmanagement
- Preference for maritime projects in latest Marco Polo funding
EU blasts poor response and poor quality of applications in previous rounds
- Baltic LPG shipping rate hits $70 per tonne for first time in three years
Rising trend suggests higher levels to come
- Capesizes buoyant on solid demand
Fall in iron ore price and China restocking could sustain cape rally in weeks ahead
- Panamaxes and supramaxes set for boost from bumper Brazil soyabean crop
Export volumes helped by weak harvest in US
- Grindrod switches focus to hinterland links
Southern Africa's infrastructure has failed to keep pace with growing global demand for commodities, says chief executive Olivier
- Panama pilots affiliate with US dockers' union
Move unites workers in different countries with 'critical link in supply chain', says ILWU
- ADT justifies semi-automated terminal in Khalifa Port
'It makes sense to become a direct mainline port' , says chief executive
- Tightening up the supply chain
Courses run by the General Stevedoring Council give cargo handling experts from all over the world a chance to exchange ideas and experiences
- GC Rieber Shipping board rejects take-over offer from parent group
Offer does not represent fair value for company
- IM Skaugen offers bond repurchase/ exchange in bid to raise equity ratio
Oslo-based tanker company aims to reduce liquidity risk by 2012
- Golar said to be on the verge of a $120,000 per day LNG carrier charter
Rate would set a fresh high for 2011
- Testing times
Individual container shipping chiefs will have to decide whether to stand firm to protect market share, or anchor tonnage in the hope that others will follow
- Study calls for South Africa to plug skills gap
Samsa report says country can play a greater role in training seafarers
- Getting behind the hot air
It is time to take gas seriously
- DP World in peace talks to end Sokhna strike
Red Sea port closed after $5m loss of revenue
- DryShips gives date for $50m Ocean Rig stock dividend
Much-anticipated partial spin-off 'a first step' in delivering value to shareholders from dry bulk owner's offshore gambit
- Cosco Nantong wins $227m order
Malaysia's Sapuracrest orders two heavy lifting vessels from Cosco Nantong
|SEPTEMBER 23, 2011|
- Confidence hits record low
SHIPPING sentiment has never been worse and rate pessimism has soared, according to a survey released today by Moore Stephens
- Demand rises for Capesizes from Richards Bay
CHINA has been importing more Capesize loads of steam coal from Richards Bay this week, IHS McCloskey told Fairplay today
- Clean truck programme begins at Charleston
A SHIPPING line-backed scheme at the Port of Charleston is offering $5,000 to container truckers towards the purchase of new clean fuel-burning vehicles
- Rusal, Ust-Luga in terminal talks
RUSSIA'S aluminium monopoly is in what industry sources call the final stage of a three-year negotiation to build a new aluminium and alumina terminal at Ust-Luga, Russia's newest Baltic port
- Pacific raises Capesize rates
SPOT RATES for Capesize drybulk carriers are extending recent gains, led by lively activity in the Pacific, shipping analysts said today
- China's demand for steam coal surges
China imported a record 10.14M tonnes of steam coal in August as electricity production surged to meet summer air-conditioning demand, according to new customs data
- Trimming losses comes first for VLCC owners
OWNERS with VLCCs in the Persian Gulf are cutting their losses rather than ballasting to loading ports in a hunt for better rates, brokers told Fairplay today
- Technomar grabs OOCL ships
GREEK owners have returned to the box S&P sector, with vessel values declining as fear grows of a renewed recession
- Rough ride on Wall Street
US-LISTED shipping shares fell hard today amid a broad market selloff driven by global recession fears
|SEPTEMBER 23, 2011|
- YRC Worldwide Cuts Two Executives
YRC Worldwide's new CEO James L. Welch eliminated two executive positions at the trucking giant as he reorganizes its management...
- Channel Extension Readies Corpus Christi Terminal
A $41 million project to better connect the site of Port of Corpus Christi's long-delayed cargo terminal to the main...
- American Superconductor to Increase Shipments
Power technology company American Superconductor will increase shipments of wind turbine controls under a series of contracts valued at nearly...
- Major Coal Shipper Helps Develop Illinois Mine
Coal producer Alliance Resource Partners's up to $525 million investment in a Southern Illinois mine being will generate shipments of...
- Mica Hunts for New Transportation Revenue
House Transportation and Infrastructure Committee Chairman John Mica told industry groups he is looking for more revenue to boost his...
- Senate Action Bring FTAs Closer to Passage
The Senate's passage of a bill late Thursday to renew two trade programs brings three long-stalled trade agreements closer to...
- Panalpina Adds Three Inter-Asia LCL Services
Panalipina launched three weekly less-than-containerload ocean services from Vietnam, Cambodia and the Philippines to Singapore, as the Swiss forwarder strengthens...
- Deutsche Post Wins Belgian State Aid Battle
Germany's Deutsche Post DHL won a long-running legal battle to block Belgium from giving $406 million in aid to its...
- Star Reefers Says Charterer Won't Pay Damages
Star Reefers said a leading Russian fruit importer that chartered its vessels has ignored a U.K. court order to pay...
- Shipping Shifts Its Share
It's as if David had laid down his slingshot and Goliath his spear and started working together. Non-vessel-operating...
- Home Depot Expands Supply Chain Gains, Tabs Fidelitone
Home Depot, reaping new benefits from its massive, multi-year supply chain overhaul, will use Fidelitone for parts and distribution services...
- No Trucks? No Problem
The Transportation Intermediaries Association estimates that by the most recent quarter, total shipments handled by brokers and 3PLs increased 11...
- Capacity Squeeze?
It's hard to imagine in looking at the reports of slack demand and plentiful capacity on the trans-Pacific over the...
- Two-Track Economy
Fasten your seatbelts, as that non-vessel operator Bette Davis famously said, it's going to be a bumpy ride. ...
- Hanjin Plans $405 Million Stock Issue
Hanjin Shipping said on Friday it plans to raise $405 million through a November stock issue, in what will be...
- Shipper-3PL Liability: Paid in Full?
Q: My company ordered a truck ' four, actually ' from a third party. The third party provided bills...
- Teamsters Target Seattle Port Chief
The Teamsters union and its environmental allies are turning up the heat dramatically in their campaign to redraw port trucking...
|SEPTEMBER 25, 2011|
- Egypt's Sokhna shut
- New trade row between China and US
- Charleston port launches own clean truck scheme
- CMA CGM extends its Cagema service to New York
- Carriers slash transpac service in winter rationalisation plan
|SEPTEMBER 23, 2011|
- Boxship sails to Brazil
Brazilian buyer cuts $11m check as German owner sells its smallest containership, brokers say.
- Vale sways spot market
Brazilian miner's move into shipownership has helped slice the proportion of spot fixtures in the Atlantic, shipbroker says.
- Rouble rush for yards
Russia will pour more than $4bn into ship orders at domestic yards between 2012 and 2014.
- Native group nears LNG deal
Settlements with two Kitimat projects could pave way for Canada's first LNG exports.
- Putin's arctic vision
Russian prime minister says Northern Sea Route will soon rival Suez Canal for Asian voyages.
- Brazilian boost for dry
Record soybean exports from Brazil could signal a strong run for South Atlantic market, ICAP says.
- Four hurt in blaze
Another crewman reported missing from Trada Maritime FSO hit by fire off Indonesia.
- HSH: no capital crunch
German shipping bank dismisses stress-test report and denies it needs more cash.
|SEPTEMBER 23, 2011|
- Airport plans
New York airport capacity study moves forwardThe Port Authority of New York and New Jersey Board of Commissioners has hired Landrum & Brown Inc. of Cincinnati to perform an airport system capacity planning study. Indianapolis airport to build solar...
- Trade package vote moves to House
- Clock is ticking
- FMC chairman proposes Canadian cargo study
Federal Maritime Commission Chairman Richard A. Lidinsky Jr. said he will propose a study of Canadian cargo diversion, following a request by two U.S. senators from Washington State. Lidinsky Key elements of this issue include basic legal questions...
- Falling volumes temper FedEx earnings growth
FedEx Corp. shares fell 11 percent Thursday to a two-year low after the express delivery and logistics giant revised downward its full-year earnings guidance in the face of slowing economic growth and high fuel prices. The Memphis, Tenn., package ...
- New York airport capacity study moves forward
The Port Authority of New York and New Jersey Board of Commissioners has hired Landrum & Brown Inc. of Cincinnati to perform an airport system capacity planning study. The project is to identify and evaluate options for dealing with forecasted futu...
- Indianapolis airport to build solar farm
The Indianapolis Airport Authority has picked ET Energy Solutions to develop a solar farm on Indianapolis International Airport property. The company is a joint venture between three locally based firms that bid on the project: Johnson-Melloh Solu...
- Senate approves GSP bill
The U.S. Senate Thursday voted 70-27 to renew the Generalized System of Preferences and Trade Adjustment Assistance programs that had expired within the past year. The trade package now heads to the House for final approval and opens the door for ...
- Business groups oppose China currency bill
A coalition of 51 trade associations in a letter to Senate leaders Wednesday opposed efforts to advance a bill pressuring China to speed up appreciation of its currency, which critics say makes the dollar more expensive by comparison and hurts U.S...
- U.S., Kazakhstan press open trade
As part of Kazakhstan's negotiations this week to join the World Trade Organization, the United States entered a WTO bilateral market access agreement with the Central Asian country. The agreement signed on Wednesday will allow U.S. service provid...
|SEPTEMBER 23, 2011|
- Bunker prices plunge as week ends
Crude futures drop at its lowest since May.
- Port of Rotterdam joins LNG bunker fuel project
A baseline report is set to be released next month outlining the regulatory issues regarding LNG bunkering.
- North American ECA promises great change for shipping
Meeting discusses guide on fuel change-over and US Coast Guards' banning of non-compliant vessels.
- NuStar's bunkering segment experiencing 'best year ever'
NuStar VP pointed out that company's expansion of its bunker marketing business has been 'a consistently profitable business.'
- Furjairah prices soft
Deliveries were available for supply up to and including October 7 in Cape Town.
- Confidence levels 'sink' across shipping industry
Moore Stephens survey finds bunker costs are 'the big worry'.
- Markets falling in European ports
Rotterdam prices at their lowest level in a month.
- Wartsila gas engine tests deemed a success
Test is important part of the company's strategy to lower emissions, increase efficiency and develop its low-speed engine portfolio.
- Seattle wins Business Magazine's Green 50 award
Recognition for believing that forthright stewardship of our resources is good business.
- Export tax will 'drive up' bunker prices
Russian fuel oil production set to fall by 500,000 barrels per day.
- Shipowners turn to rudder conversion
Becker Marine Systems says new rudder solutions increase maneuverability and help reduce fuel consumption.
- 'Not enough blendstock to go round'
Low-density, low-water fuel oil cargo commands 'seven-month' high premium.
- US authorities call meeting to discuss 'scrubbers'
Coast Guard and EPA want to evaluate exhaust gas cleaning systems to see if they comply with ECA regulations.
- Bunker prices falling as week closes
Demand at key Asian bunker hubs mostly average.
- Petronas offers low viscosity cargo
Asia faces shortage of low density blendstocks amid heavy inflows of high viscosity cargoes.
- Dan-Bunkering welcomes new bunker trader
New trader to help company's focus on 'Middle Eastern and South Asian markets.'
- South China fuel oil volumes take slight fall
Volume at approximately 1.97 million mt in the week ended September 21.
- DNV's Triality VLCC project wins award
Company representative 'pleased and honoured' to accept Lloyd's List Global Award.
- Oversupply, high fuel costs to hit Saudi tanker's margins
Oversupply, weak demand and high bunker costs have 'left shipping players around the world in awkward situation.'