|APRIL 28, 2011|
- Mideast-Asia supertanker rents fall to 33-month low
Rental income from supertankers shipping Middle East oil to Asia, the industry's busiest trade route, fell to the lowest level in 33 months as a glut of vessels intensifies competition for cargo.
- Libya rebel oil cargo to arrive in S'pore today
The first oil tanker from rebel-held east Libya is expected to arrive in Singapore today, transporting 80,000 tonnes of crude oil, the port authority said.
- Rotterdam port's Q1 cargo volumes almost unchanged
Rotterdam port, Europe's biggest, said on Tuesday its cargo volumes in the first quarter of 2011 were almost unchanged from a year ago, as cold weather in the Baltic and high costs curbed shipments from Russia.
- US shippers may raise fuel surcharges as costs climb
|APRIL 28, 2011|
- CMA CGM profits up 15pc, but debt swells to US$6.8 billion
- CMA CGM receives first of two 11,300-TEUers for Far East-Europe loop
- Pirates caught red handed, but released when none would prosecute
- Iranian Navy drives off pirates from super tanker in Gulf of Suez
- Rotterdam first quarter container volume increases 12pc
- BoxTradeIntelligence sees Asia-Europe already falling this year
- Shenzhen to spend CNY130 billion on road building over five years
- CSCL receives second of eight 14,074 TEUers for Far-East Europe loop
- Emirates enters the intra-Asia market with NIS service
- Kuehne + Nagel to manage Metso's 2nd China DC in Shanghai
- 'K' Line takes full control of German heavy-lift SAL
- Marshall Islands registry opens new office in Taiwan
- New Zealand drops technical charges against Cathay and SIA Cargo
- United Continental Holdings suffers quarterly US$213 million loss
- US charges two ex-Air France vice presidents with cargo price fixing
- HK Post, US Postal Service offers express shipment to eBay sellers in HK
- Dubai airport cargo falls 3.7pc in March, passengers up 5.8pc cent
|APRIL 28, 2011|
- INTTRA forms body to promote greater efficiency in electronic invoice presentation & payment
- Lift & Shift brings its enormous expertise to handling L&T's largest single export order
- MOL revamps NKX service
- Apparel exports show marginal rise in 2010-11
- Clarify sugar export clause to neighbouring countries, ISMA tells govt
- Despite snags, marine exports touch $ 2.67 bn
- INS Godavari attracts hordes at Mundra Port
- Quake, tsunami cover could be mandatory for ports
- Emirates SkyCargo wins three leading industry awards
- Rail connectivity to Dhamra port to be under Rlys' R3i policy
- Food Minister launches Negotiable Warehouse Receipt System
- Industry wants random inspection of imported natural rubber to go
- Japan to ratify Cepa by June-end: Saiki
- Sen panel to submit report on grains storage in May
|APRIL 27, 2011|
- InterRail-TSES: favourable start to 2011
InterRail TSES Ltd, a company that provides rail transport services to the East and the Far East, reported that its March 2011 sales and profits returned to the pre-crisis level of...
- Brazil: second most important international location for German manufacturers
Brazil: second most important international location for German manufacturers The German automotive industry is enhancing its presence in Brazil. Its sales of light trucks (pick-up...
- F.S. Mackenzie connects Western Europe to Iraq with new trailer service
After lengthy trials, the independent freight forwarder F.S. Mackenzie, headquartered in Basildon near London (UK), has launched guaranteed twice-weekly express road trailer servic...
- Austria: fewer trucks transported on Brenner ro-mo
Austria's rolling motorways transported 84,334 trucks in Q1/2011. This is on a par with the same period in 2010. However, on the Brenner corridor, the number of trucks that used th...
- Eurotunnel Group with strong growth of 24% in Q1
The Eurotunnel Group reported that its total revenues for the first quarter of 2011 have increased to EUR 179.2 million, not including insurance indemnities. This equates to a...
- Otif: Armenia's membership important for linking Caucasus region to Europe'
The intergovernmental Organisation for International Carriage by Rail (Otif) has agreed to the accession of Armenia as its 47th member with effect from 1 July this year. Otif said ...
- NZCC withdraws claims against Air New Zealand cargo employees
Air New Zealand has welcomed the decision by the New Zealand Commerce Commission (NZCC) to discontinue proceedings against individual employees of its cargo business five years int...
- Delays at Delhi Air cargo complex disrupting exports
Exporters in India's Delhi region are encountering grave problems in clearing their air shipments at Delhi airport, due to on going construction work/renovation work by CELEBI/ DIA...
- New 5,000 sqm cargo facility starts moving at Edmonton airport
Construction of a new world-class, multi-tenant cargo facility has started at Canada's Edmonton International Airport (EIA). More than half its space is already leased. E...
- SeaFrance: employees agree to new rescue plan
94% of the workforce of SeaFrance have spoken in favour of a plan tabled by the management for the redevelopment of the economically hard-hit ferry company. The scheme encompasses ...
- Evergreen, Wan Hai and Interasia Lines to Launch Taiwan-Madras trunk service
Evergreen Line, Wan Hai Line and Interasia Lines are to launch a weekly Taiwan-Madras Trunk Service (TMT Service), commencing on 29 April from the port of Taichung. The 28-day trad...
- Charleston container volume up 12%
Container shipping volume through the US port of Charleston increased by nearly 12% in the first three quarters of the fiscal year, and the South Carolina's breakbulk tonnage incre...
- Dachser expanding in Mecklenburg-Vorpommern
The German forwarding and logistics company Dachser is continuing to expand. The numbers of shipments and employees at the firm's branch office in Stavenhagen in the German state o...
- Hayter selects Norbert Dentressangle in UK
Hayter, one of the leading lawnmower manufacturers, has appointed French transport and logistics service provider Norbert Dentressangle to distribute its wide range of mechanical l...
- Kuehne + Nagel opens new office in Chicago
Switzerland-based logistics service provider Kuehne + Nagel has relocated its Chicago IL (USA) branch office to a new state-of-the-art logistics centre. The move stemmed from Kuehn...
- NOL Group announces succession plan for group CEO
NOL Group (Japan) recently announced its executive succession plan to appoint Ng Yat Chung the next group president and chief executive officer. Ng will take over from Ron Widdows,...
- Port of Antwerp: no elevated levels of radioactivity
In its latest press release, the port of Antwerp (Belgium) reported that the Federal Agency for Nuclear Control (FANC), in consultation with the port authorities, had screened...
|APRIL 27, 2011|
- Jumbo Offshore to carry out subsea installation project
- ClassNK type approves corrosion-resistant steel for cargo oil tanks
- Navy League stresses need for strong merchant marine
- Statoil awards Light Well Intervention contract to Island Offshore
- Turkish PM unveils plan to bypass Bosphorous with Canal Istanbul
|APRIL 27, 2011|
- Log business returning to Port of Everett terminals
- Port of Seattle honors top firefighter for 2010
- Ride on Crowley tug up for bids on eBay
- Upgrades to Marine Drive approved by Blaine City Council
- Mitsui announces improvements to Singapore/Nhava Sheva/Karachi run
|APRIL 27, 2011|
- VLCC earnings plummet as producers cut May cargoes
Prices on Middle East to Asia routes hit fresh lows as vessels serving Asian refineries search for work on the spot markets
- Mixed sentiments hit box charters
Varying views about container prospects are taking their toll on the charter market
- Danish chemtanker owners to merge
Uni-Tankers and Erria plan to create jointly owned company
- Port whose heart beats with a youthful brio
It is literally a young world in Shanghai's shipping circles
- Masters take cover in a hostile world
The scandalous criminalising of ships' officers has now become entrenched, so the launch of a new insurance policy is encouraging
- Russia's Northern sea route dealings need to be made clear
An opaque governmental body will always attract criticism and suspicion
- Rising costs point the way to shipmanagement consolidation
Shipmanagers' growing financial pressures and the need to expand into Asia may indicate that a new round of merger and acquisition activity is about to start
- Safety first
The whole world wants action on global warming. Both the energy and the maritime sectors can play their part, but not at the risk of compromising on safety
- Korea should let the light in
Samho Shipping remains tightlipped about the causes or magnitude of its problem
- Dutch security group to join private navies off Somalia
Sch'tz & Swart flags private naval vessel in UK to avoid Dutch laws on arming vessels
- China records strong economic growth but inflation worries remain
Official figures from China's National Bureau of Statistics put China's growth in the first three months of this year at 9.7%
- US at debt crossroads as shipping looks on nervously
Mixed financial indicators have sparked fears that recovery of the world's largest economy may stall ' leading to a downturn in global trade
- Wall Street bearish about shipping
Companies planning a share offering will be pinning their hopes on a dramatic and lasting market recovery
- Yildirim takes majority stake in Sealease
Belgian small ship leasing company owns around 42 ships in the shortsea passenger, tourist charter and specialised utility boat markets
- Carnival sues Deepwater Horizon defendants for economic losses
Bundled law suit goes after multitude of possible respondents
- Abidjan returns to normal operation
Cargo loading resumes following resolution of a bitter dispute over the outcome of the November 2010 election
- CAI revenues surge on higher utilisation
Customers extend leases instead of buying new
- V.Ships looks for Asia acquisition
Shipmanager on hunt for partner in an emerging market with strong growth prospects
- MOL modifies China-India service
Direct link from Shanghai to Nhava Sheva
- Samho Shipping files for court protection
Tanker owner pushed into bankruptcy due to low freight rates, high bunker prices and the costs of piracy attacks
- UK maritime sector worth $44bn
Maritime industries remain vital part of economy
- Navigators might do well to put their careers on ice
International businesses will be looking to get closer to Russia, like the oil majors already have. They will need to be part of this last great adventure
- Major casualties hit 'disturbing level'
The average size of dry bulkers and tankers suffering total losses is continuing to rise
- Japan shows value of insuring against other people's woes
Interruptions to business need not involve damage to property to trigger a policy pay-out
- Concern over financial disparity between weak and strong P&I clubs
Ratings agency AM Best believes the next 24 months are set to be a testing period
- Vopak profits stable in first quarter
Healthy demand for tank storage offsets unertainty over biofuels
- Scorpio confirms Korea Line tanker purchases
Blue Coral and Blue Diamond arrested in Singapore in March on behalf of Nordea Bank
|APRIL 27, 2011|
- Drybulk outlook slashed
JEFFERIES analyst Doug Mavrinac today heavily cut his Capesize rate outlooks for 2011-12 and warned that the drybulk sector is going "from bad to worse"
- Turkish PM proposes bypass to Bosporus
TURKEY'S prime minister revealed plans today to build a canal from the Marmara Sea to the Black Sea in an effort to alleviate shipping traffic on the congested Bosporus
- More Golar shares shift
SHARES in Golar LNG traded at 165 kroner ($31.07) each and those in Golar LNG Energy at 26.50 kroner in Oslo late this afternoon, giving their freshly merged businesses a valuation of 191.50 kroner per share
- Shipping boosts UK economy
THE UK maritime services sector contributes '26.5Bn ($46.8Bn) to the UK economy, a shipping study has reported
- BDI breaks losing streak
THE BALTIC Dry Index ended a 19-day losing streak today, closing up 0.7% at 1,259 points as FFAs surged 6.9% on higher demand for coal in Asia
- Krk LNG alternative planned
CROATIA'S government reportedly plans to build an LNG terminal on the Adriatic island of Krk, with aid from domestic companies
- Russia scraps flat tax for nickel exports
NORILSK Nickel will probably pay about $190M more in taxes this year under a Kremlin move to end its flat-rate export duty, Alpha Bank estimated today
- Scorpio takes KL tankers
NYSE-listed Scorpio Tankers today confirmed it is purchasing two product tankers previously owned by Korea Line (Singapore)
- Russian grain price dive warned
THE KREMLIN would risk $3Bn in trade earnings this season if its grain export embargo is extended to the full year, the Russian Grain Union warned today
- Box optimism quashed
CAPACITY increases and slowing demand are causing European box rates to fall to 2009 levels, according to sector analyst Ben Hackett
- Breakers rushing to buy
BREAKERS are playing beat-the-rain in India and China, even as rivals in Bangladesh and Pakistan are slowing down
- CSDC's profits drop
CHINESE tanker and bulker operator CSDC has said its 1Q2011 net profits dropped 16.7% year on year because of rocketing costs
- KPM's net income rises
KEPPEL Philippines Marine has posted a 23% increase in 2010 net income, to 831M pesos ($19.32M), from 676M pesos in 2009
- VLCC losses warned
BROKERS today told Fairplay VLCC owners can expect losses this year
- Handysizes gain on grain
BROKERS told Fairplay today that Handysizes are gaining at the expense of Supramaxes, with grain exports from Australia gravitating to smaller bulkers
|APRIL 27, 2011|
- US Asks Court to Cut Horizon Fine by Two-Thirds
The Justice Department wants Horizon Lines' $45 million fine for price-fixing in the U.S. mainland-Puerto Rico trade to be slashed...
- Norfolk Southern 1Q Net Rises 26 Percent to $325 Million
Norfolk Southern Railway's profit rose 26 percent in the first quarter from a year earlier to $325 million, outpacing a...
- Number of US Exporters Grew 46 Percent in 2010
The number of companies that export between 5,000 and 25,000 shipments a year increased nearly 46 percent between 2009 and...
- DOT Sends $100 Million to California for Trains
The Department of Transportation is sending California a $100 million grant to buy locomotives and passenger cars for two rail...
- Coos Bay Port Names ARG to Run Rail Link
The Oregon International Port of Coos Bay tapped short line operator ARG Trans to run the port's rail line that...
- Shanghai to Expand Yangshan Port
Shanghai will expand the offshore Yangshan Deep Water Port as part of a plan to enhance the port services industry...
- MOL to Expand Intra-Asia Service
MOL will upgrade its Singapore-Nhava Sheva-Karachi Service linking Southeast Asia and the Indian subcontinent, starting in May. The Japanese...
- Terror Suspect Sought Container Bomb Attack
An al Qaeda operative and one-time New York City travel agent sought to use his expertise in shipping...
- Rising Profit, Sales Prime ODFL for Expansion
Old Dominion Freight Line stayed on course for stronger profitability and greater market share in the first quarter, with a...
- Coast Guard Wants Chicago Canal Safety Zone
The Coast Guard proposes establishing a permanent safety zone for the entire 77 miles of the Chicago and Sanitary Ship...
- C.H. Robinson Revenue Rises 14 Percent
Truck rates and volume outpaced first-quarter cost increases at C.H. Robinson Worldwide, bolstering the non-asset transportation giant's revenue and profit. ...
- Rail Suppliers Seek Buy-America Changes
Makers of a wide range of equipment and components used by both the freight and passenger rail industry want the...
- Durable Goods Orders Rise Third Straight Month
Orders for manufactured durable goods rose in March for the third consecutive month, outpacing the 15th straight month of increases...
- Zim Announces Third India-Europe Rate Hike
Zim Integrated Shipping Services announced a general rate increase on the westbound trades from India to Europe and the Mediterranean,...
- UASC Raises $140 Million to Expand Fleet, Network
United Arab Shipping Company signed a $140 million loan facility with Gulf Bank, Kuwait, the latest financing to support the...
- Japanese Exports Tumble 19 Percent in Early April
Japan's exports plunged 19.4 percent between April 1 and 10 from the same 10-day period last year to $18.22 billion,...
- Japanese Factories Restoring Capacity
Japanese manufacturers say that 64 percent of their production bases in areas affected by the devastating March 11 earthquake and...
- US Indicts Former Air France Cargo Executives
A federal grand jury in Chicago indicted two former Air France Cargo executives on charges of conspiring to fix international...
- UPS Sees Shippers Accepting Price Increases
UPS officials say they have seen "minimal" resistance from shippers in raising prices for domestic package services so far in...
- Yusen Names Granger Head of Capacity Procurement
Yusen Logistics (Americas) hired Doug Granger as director of capacity procurement and intermodal equipment management. Granger...
- Grand China Now Calling in Long Beach
The Port of Long Beach Tuesday welcomed the newest trans-Pacific container line, Grand China Logistics, which is entering the increasingly...
- Landstar Profit Up 20 Percent in First Quarter
Landstar System increased revenue 4.4 percent in the first quarter to $572 million, a slower rate of growth than in...
|APRIL 27, 2011|
- Filipino seafarers set free by pirates, but 79 compatriots still incarcerated
- Japan disaster forecast to fuel shipper e-commerce market
- Rotterdam powers on
- UASC secures further funding
- Seaspan accepts 59th boxship as newbuild deliveries surge
|APRIL 27, 2011|
- Etesco wing goes bust
Drillship affiliate of Brazilian offshore contractor seeks bankruptcy protection in US as debts mount.
- Samho seeks court shield
Rocky rates and ransom payments push cash strapped South Korean chemical tanker owner to the brink as it files for receivership.
- KLC sale fuels speculation
Scorpio CEO confirms tanker scoop while brokers debate identity of buyer tied to sale of Korea Line's Blue Sapphire.
- Golar in for the kill
Fredriksen-controlled company fast approaching complete takeover of spin-off.
- Globus eyes dry dominance
George Karageorgiou dreams of doubling fleet through bulker acquisitions and well-timed assault on public markets.
- Malaysian ports stronger
Cargo volumes rise by nearly 13% in first quarter as recovery continues at terminals.
- Odfjell eyes IPO
Shipowner seeks cash bonanza when it lists its mobile offshore arm in Oslo.
- Canal Istanbul "by 2023"
Turkish prime minister Recep Tayyip Erdogan promises 45km bypass "project of the century" to relieve congested Bosporus Strait.
- Bulker duo held
Canada's March detention list features Samsun Logix and Victoria Ship Management capesizes.
- Ensco and Pride to vote
Shareholders likely to approve deal to create world's number two offshore drilling company.
- Ro-pax gashed in crash
Bluebridge's Santa Regina suffers 4-metre tear after hitting fishing boat at Wellington, New Zealand.
- US tackles box spill
Firefighters called into action as flammable solvent leaks from container on Zodiac vessel at Tacoma.
- IHI expects profit leap
Japanese shipbuilder predicts a massive upswing in 2010 profit despite falling revenue.
- Vopak stores more cash
Dutch tank terminals group sees first quarter earnings jump despite slight dip in occupancy rates.
- Drillship breaks moorings
Noble vessel working in New Zealand's Maui field when storm hit on Wednesday, but crew safe.
- Docker injured in fall
Woman lifted in basket from hold of Ugland Marine bulker in port of Houston.
|APRIL 27, 2011|
- SMC3 conference in Idaho June 14-17
SMC 3conference in Idaho June 14-17 SMC 3P conference in Idaho June 14-17SMC 3will hold its Connections 2011 conference in Coeur d'Alene, Idaho, on June 14-17. This year's conference includes a keynote presentation by news correspondent Forrest Sawy...
- C.H. Robinson reports 16% profit increase
Minneapolis-based logistics company C.H. Robinson Worldwide said it had first quarter net profit of $97 million, a 15.5 percent increase over the comparable 2010 period. Revenue in the first quarter ending March 31 was $2.37 million, 14 percent hi...
- Review offers improvements to U.S. food aid
The results of a two-year study released Tuesday offers ways that the U.S. Department of Agriculture and Agency for International Development can enhance the impact of food aid overseas. USAID's Office of Food for Peace and Tufts University Fried...
- Dairymen: Resolve U.S.-Mexico border dispute
The International Dairy Foods Association said Tuesday it supports the proposed cross-border trucking agreement between the United States and Mexico developed by the U.S. Department of Transportation. Incomments filed with the Federal Motor Carrie...
- U.S., Korea seek to link trusted traveler programs
Mutual recognition isn't only for cargo security. On Tuesday, U.S. Customs and Border Protection Commissioner Alan Bersin and Dong-hyeon Seok, commissioner of the Korea Immigration Service, signed an agreement in Washington to harmonize their trus...
- SMC3, FreightCenter.com enter partnership
Freight transportation software developer SMC 3and transportation management system provider FreightCenter.com announced a partnership that introduces a more advanced and all-inclusive TMS system. This alliance marks the integration of the SMC 3Rat...
- Alphaliner: New deliveries pinch rates
Record deliveries of new containerships in the next few months "is expected to add further downward pressure on freight rates and reverse the rise in charter rates," Alphaliner said. The shipping information servicein its latest newsletter excerpted ...
- CEVA expands JIT service from Mexico
CEVA Logistics said it has added Saturday night service to its trucking service from Mexico to the United States and Canada to meet industrial demand for components on Monday mornings. Saturday Night Expedite is primarily aimed at serving automotiv...
- China economy to pass U.S. in '16, columnist says
China's economic gravity could surpass that of the United States as soon as 2016, according to aWall Street Journalcolumnist's interpretation of numbers from recent forecasts from the International Monetary Fund. Columnist Brett Arends,wrote forMa...
- May 2011 Cover Story
|APRIL 27, 2011|
- New research into renewable energy production
Transforming carbon dioxide into clean-energy future fuels.
- Crude climbs on gasoline stockpile dip
Both finished gasoline inventories and blending components inventories decreased last week.
- Fujairah prices generally soft
Suez market quite active with healthy demand.
- Off-spec bunkers debacle for Mumbai
Suppliers, fearing damage to market's reputation, say refiner is refusing to accept responsibility for bad fuel batch.
- Turkey announces plans for world's biggest ship canal
Prime minister says 'immense' project can't be compared to Panama or Suez canals.
- Bunker prices lack direction
Avails tight for LS products in Hamburg.
- Downturn allowing fuel-saving technology to flourish
South Korean yards yield to buyer pressure to produce new generation of fuel efficient carriers.
- Shipyard starts work on first of three bunker tankers
Vessels have been ordered by the tanker arm of Petrobras.
- Shipping sector is sitting on 'a powder keg'
Worries 'across the market that more collapses are imminent', says Ocean Intelligence's Adam Dupre.
- Bunker prices softening at major ports
Avails of bunkers tight in Busan on Wednesday.
- Colombo set to launch new storage facility
To increase Colombo storage facility by 5,000 mt.
- Vopak Q1 2011 profit slightly down year-on-year
Profits 'adversely' affected by uncertainties in biofuels sector, says Royal Vopak executive board chairman.
- Box carriers 'flirting with red ink' this year
Declining freight rates, capacity mismanagement and surging bunker prices may spell trouble for shipping firms.
- Piston ring technology ups marine engine fuel efficiency
EU-supported HERCULES project aims to improve the efficiency and performance of large maritime engines.
- P&I club updates bunker loss prevention guide
Guide 'tackles' bunker fuel issues 'at source', says head of loss prevention of NEPIA.