|JUNE 1, 2012|
- Maersk's fog surcharge in Qingdao comes under criticism from shipper group
- Lomar Shipping orders six box vessels from China's Yangzijiang Shipbuilding
- China's port throughput up by 7.5 per cent in first four months
- MICT upgrades port equipment with new multi-trailer system
- DB Schenker Logistics to set up Competence Centre for PVMI solutions
- Shipping Corporation of India records full-year loss of US$76 million
- CEVA to provide extra logistics services for Ford at Kansas City plant
- Hacis to speed up road feeder services with innovative ITFS system
- United Airlines to fly from Denver to Shreveport and Grand Forks
- Thai Cargo returns to Amsterdam Schiphol with weekly service
|MAY 31, 2012|
- ABG Shipyard Q4 net up 12 per cent
- SCI's operating revenue up 8 pc in 2011-12
- Shantanu Bhadkamkar elected Managing Director of IFCBA
- Tanker rates expected to be under pressure this week
- Essar Ports announces long-term strategic alliance with Port of Antwerp International
- Essar Ports' net increases 124 pc in FY12
- Key Central government team visits JN Port
|MAY 31, 2012|
- Australia: new contract moves rail link into high gear
A rail link in the state of Victoria (Australia) has been shifted into high gear with the announcement of a USD 570 million construction contract. This is the second to last contra...
- FleetPride acquires Westpac Heavy Duty
FleetPride Inc, the USA's largest retailer of heavy-duty truck and trailer parts, has acquired the assets of Westpac Heavy Duty in Phoenix AZ and in Mira Loma CA. This brings the t...
- Volvo Trucks starts blue power strategy for the USA
Volvo Trucks plans to launch its own 13 l liquefied natural gas (LNG) engine for North America in 2014. Combined with the company's previously announced offering of compressed...
- SBB investing in fleet rejuvenation
Schweizerischen Bundesbahnen (SBB), the national railway of Switzerland, is investing CHF 606 million in the modernisation and rejuvenation of its infrastructure fleet, which has a...
- UK signs new Hercules support deal
A new GPB 350 million Ministry of Defence contract with Marshall Aerospace to maintain the Royal Air Force's Hercules aircraft will support 500 UK jobs. This, in turn, will help su...
- Eichholtz GmbH celebrates 80th anniversary
Eichholtz, a long-established handling and storage service provider based in Hamburg (Germany), is celebrating its 80th anniversary this year. Since its founding in 1932, the compa...
- Swissport Cargo announces several senior appointments
Swissport International, a global provider of ground services to the aviation sector, has selected Martin Sodergard as its senior vice-president, cargo operations, with immediate e...
- Iata sees some cargo improvement in April
The International Air Transport Association (Iata) announced April's global traffic results showing that freight demand was 4.2% down on April 2011. The contraction in April this y...
- Three Asia-Pacific airports join ACI's airport carbon accreditation scheme
Three of the Asia-Pacific's biggest airports have joined ACI's airport carbon accreditation scheme, which aims to identify and reduce the carbon footprint. Changi Airport (Singapor...
- Fiege shoulders logistics for Primera
The German logistics service provider Fiege has reinforced its position in the fashion logistics sector by shouldering a wide range of services for the fashion garment manufacturer...
- Spanish ABQ launches consultancy service for AEO certificate
Spain-based ABQ is launching a comprehensive consulting service for managing the processes, procedures and implementations that are needed to obtain the AEO certificate. The AEO ce...
- G6 Alliance starts Suez Canal container terminal port calls
The Suez Canal container terminal (SCCT) received and handled the first eastbound call of the new ABX Asia - Black Sea express service (ABX) operated by the G6 Consortium. The latt...
- Kerry Logistics secures contract with Exego Group
The global logistics service provider Kerry Logistics has secured a contract to provide international freight forwarding and logistics services to the Exego Group, the largest reta...
- New Teesport container terminal wins prestigious award
PD Ports' container terminal at Teesport (UK) has won the 'over GBP 4 million project' category at the annual Robert Stephenson Awards. These prestigious awards are presented by th...
- China Shipping Container Line to serve Mobile, Miami and Jacksonville
China Shipping Container Line Company, the world's eighth largest container shipping company by capacity, will begin a cargo service to the US Gulf Coast and Florida through a slot...
|MAY 31, 2012|
- Waterways Council names Debra A. Colbert Senior Vice...
- Navy awards Huntington Ingalls $2.38 billion contract for LHA 7...
- Signal International makes appointment at its Mobile ship repair...
- Austal brings suppliers to Washington to build support for LCS...
- Mars A TLP to get 650-ton additional living quarters unit
- Ship manager to pay $1.2 million in pollution case
- Total of Wärtsilä 50DF equipped LNG ships reaches 100
- Ex-Im Bank reauthorization applauded by U.S.-flag operators,...
- B+H Ocean Carriers files for Chapter 11 bankruptcy...
|MAY 31, 2012|
- Port of Tacoma expanding truck scrap/replacement program
- Federal Maritime Commission calling for agricultural export input
- Crowley Maritime delivers USS IOWA to Los Angeles
- Port of Anacortes to welcome American Cruise Lines vessel
- Port of Los Angeles director receives Peter Benchley award
|MAY 31, 2012|
- IEA unveils rules to cover the rise of unconventional gas
A new era in energy depends on eco-friendly approach
- International Energy Agency moulds the Golden Age
Unconventional gas projects must engage with local people, says agency
- Glittering prizes
Measured development will see US and China take a lead in unconventional gas
- Consolidation good, scrapping better
Pools offer respite against a woeful tanker market but are not the only answer
- Posidonia: parties, politics and pirates
There will be plenty to talk about in Athens this year, but Greece itself may need its maritime community to come to its rescue
- Maersk and Hapag-Lloyd postpone June 1 Asia-Europe rate hike
German line pressing ahead with July increase of $500 per teu
- Crisis looms for gas carriers as Middle East LPG growth dries up
EXCLUSIVE INTERVIEW: Investing in new ships not a good idea says Maersk Tankers head of gas
- Independent Tankers blames poor VLCC spot market for first quarter loss
Average earnings a mere $6,500 per day
- Reduced fleet hits NOCC revenues
Car carrier owner reports signs of stronger demand
- Fancy a scrap?
High levels of boxship demolitions bring good news for beleaguered owners
- Höegh in the running for more floating regas contracts
Two contracts signed in first quarter and two to come
- Shipowners to stay in Greece, but not at all costs
Posidonia 2012: Return to drachma unlikely to trigger exodus
- Technomar grabs CMA CGM boxships
Deal includes charters back for five years
- KG fund cuts charter rate after fire damages boxship
MPC confirms revised Hapag-Lloyd deal
- Chinese steam-coal demand weakens
Record stocks dampen power plants' imports
- Minoan Lines is awash in red ink
First-quarter loss deepens despite growth in market share
- Nord/LB forecasts rise in loan loss provision
Shipping lender expects economic slowdown
- Boardley aims to push IACS into the conversation
EXCLUSIVE INTERVIEW: Class must be at the table when shipping is on the agenda
- Pacific supramax market collapses
Rate refugees head for Atlantic Basin in 'armada of ballasters'
- Jinhui profits drop 75%
Dry bulk firm hit by slack demand after demise of high-value contracts
- Chinese yard becomes shipowner
Huanghai Shipbuilding to set up shipping unit in Hong Kong
- German insolvency law tackles forced KG ship sales
ESUG supports bankrupt companies as they restructure
- Shipping may seem downbeat and dreadful but better times lie ahead
Posidonia allows industry to show solidarity with Greece, says Theochari
- Constructive dialogue
Almost certainly, the top echelons of shipping are referring to Brussels when they speak about the need to be heard
- Sembcorp to appeal against Singapore high court decision
Rig builder seeks new legal advice in dispute over PPL Shipyards joint venture
- DSME sees first-quarter profit plunge
Low-margin orders erode South Korea shipbuilder's result
- B+H goes up in smoke
Michael Hudner company files for Chapter 11
- Höegh LNG steps on the gas
Company hopes to land new contract awards
- Maersk eyes Iraq market after opening branch office
Line aims to expand market share as local conditions stabilise
- CSD sells bulkers in scrap deals
Chinese shipowner sells vintage vessels at $407 per ldt
|MAY 31, 2012|
- Iran oil to Japan falls 65.5%
JAPAN said tanker cargoes of crude from Iran fell 65.5% in April, compared with the same month a year earlier
- Paint Höegh LNG red yet bullish
HöEGH LNG Holding, the listed gas carrier venture in Norway's Leif Höegh group, today said net losses amounted to $3.9M in 1Q12, from $4.3M in losses year on year
- Star Bulk beats Street
NASDAQ-listed Star Bulk today reported much better quarterly results than expected, with shares trading up sharply on the news
- Miami surveyor convicted
CLASS surveyor Alejandro Gonzalez has been convicted for falsely certifying two ro-ros on behalf of the Panamanian and Bolivian flags
- Ship operator fined $1.2M
SINGAPORE vessel operator Target Ship Management was fined $1.2M for pollution crimes stemming from 'magic pipe' use
- Boluda blames EC for closure
SPAIN'S Boluda has blamed the EC for the decision to close its last surviving shipyard
- Samudera sells bulkers
INDONESIA'S Samudera Shipping Line has sold two 2003-built small bulkers to compatriot PT Alfa Trans Raya
- Adaro takes majority stake
PT ADARO Energy, Indonesia's second-biggest coal producer, said it has acquired a controlling interest in compatriot miner PT Bhakti Energi Persada
- Sinking migrants rescued
RESCUERS arrived in Malta this morning with 65 migrants who were being smuggled out of Africa, Maltese authorities said
- Capesize rates near all-time low
CAPESIZE rates are heading for an all-time low, with timecharter rates averaging just $5,292 per day, against daily operating costs of $20,000
- Golden Ocean reinstates buyback
GOLDEN Ocean said today its board has decided to reinstate its buyback programme of up to 45.0M shares, equal to the scheme that expired on 31 December 2011
- Early-1990s Capesizes could be recovery key
BREAKING Capesizes built in 1990-93 could speed recovery in freight rates, according to a drybulk consultancy
- Frontline seen lagging peers
FRONTLINE, the VLCC and Suezmax operator in John Fredriksen's shipping empire, is likely to lag its peers in the present business cycle, a senior shipping analyst has warned
- Jubilee in mind, VLCC owners rush to book
CHARTERERS are rushing to book VLCCs before the UK's Diamond Jubilee holidays and the Posidonia maritime convention in Greece next week
- SMM loses PPL shares ruling
SINGAPORE shipbuilder SMM said today the Singapore High Court has rejected its claims against investment firm PPL Holdings
|MAY 31, 2012|
- ILWU Local 63 Clerical Workers Break Off Talks
Contract negotiations between office clerical workers and waterfront employers in Southern California broke off after only two days of talks,...
- FMCSA Pursues Unsafe Truckers, Bus Lines
In an unprecedented sweep, the Department of Transportation shut down 26 bus operators for numerous safety violations after a year-long...
- US Intermodal Rail Volume Rises 4.3 Percent
U.S. intermodal shipments on major railroads in the week ending May 26 rose 4.3 percent year-over-year and 1.2 percent from...
- South Carolina Allocates $180 Million for Charleston Deepening
The South Carolina Senate set aside $180 million in state funding to deepen Charleston's harbor from 45 feet to 50...
- Montreal Container Volume Grew 3.6 Percent in 2011
The volume of containers handled by the Port of Montreal increased 3.6 percent last year to 1.36 million 20-foot equivalent...
- Port Metro Vancouver Awaits End of CP Strike
Port Metro Vancouver, the Canadian port that has taken the brunt of the strike against Canadian Pacific Railway, is prepared...
- Falling Asia-Europe Spot Rates Threaten Peak-Season Surcharges
Spot rates on the westbound Asia-Europe trade fell for the fourth consecutive week, undermining carriers' ability to nail down the...
- Senator Joins in Push for US Freight Plan
Sen. Maria Cantwell urged the Department of Transportation Thursday to create a multimodal national freight transportation plan, an initiative DOT...
- USMX Urges ILA to Bargain 'in Good Faith'
The top negotiator for East and Gulf Coast waterfront management said International Longshoremen's Association President Harold Daggett "appears to be...
- Stena Line Buys Baltic Routes From Scandlines
Sweden's Stena Line has acquired five short-sea routes in the Baltic Sea from German rival Scandlines in a major expansion...
- Logistics Technology Demand Boosts Descartes Sales
Logistics software supplier Descartes increased net profit 18 percent to $2.6 million as revenue increased 10 percent to $29.9 million...
- CP Strike End Pushed Back
The restart of Canadian Pacific Railway service has been pushed back to at least Friday after legislation intended to end...
- Shipping Corporation of India Posts $78 Million Loss
State-owned Shipping Corporation of India lost $78 million in fiscal 2011-12, which ended March 31, compared with a net profit...
- Cross-Border Rail Growth Outpaces Truck Transport
Shippers appear to be increasingly turning to rail instead of truck when it comes to bringing high-value loads across the...
|MAY 31, 2012|
- Maersk aims for 'No 1 position' in Iraq
Maersk Line, which has seen its share of the Iraqi container market double in the past year to an estimated 10%-12%, is keen to seize on this momentum. Its figures ...
- Does anybody know the directions to the Yellow Brick Road?
'We're on a road to nowhere' sang the 80s band Talking Heads: it sometimes seems that the same could be said of the container liner industry as it once again licks ...
- SBS secures new deal with Division Six
Dartford (UK)-headquartered SBS Worldwide has strengthened its relationship with Encino (CA)-based Division Six Sports Inc, a sportswear wholesaler. The latest ...
- Australian cabotage set to become more predictable
The Australian Logistics Council (ALC) has welcomed an amendment to Australia's 2012 Coastal Trading Bill agreed in the House of Representatives yesterday which ...
- Moody's bleak outlook, and there could be casualties
Moody's Investor Service 's latest report on the global shipping industry makes for further grim reading, with the group anticipating that aggregate earnings before ...
- FedEx acquires Brazilian partner
Memphis-based FedEx, the global express and logistics company, is to acquire Rapidao Cometa Logitica e Transportes (RCLT), one of Brazil's largest supply chain ...
- Two million up for Portonave
The Brazil, Itajai-based Terminais Portuarios de Navegantes - better known as Portonave - has processed more than two million containers in less than five-years ...
- Yangtze links to be boosted
Several ambitious rail and shuttle barge proposals for the Yangtze River area have been mooted and a blueprint has been approved to develop Wuhan port into a shipping ...
- CP strikers asked to return voluntarily
Ahead of back-to-work legislation being driven through the Canadian Parliament by Labour Minister, Lisa Raitt, she has made an appeal to the 4,800 CPR strikers ...
- CI Awards 2012: LAST CALL
Today really is your last chance to get those straggling entries in for the 2012 CI Awards: remember you have to be in it to win it, so no complaints if ...
|MAY 31, 2012|
- Feud pushed B+H to the brink
Disputes over charter payments and performance of ageing OBO fuelled downfall of US owner, CFO says.
- Hudner's heroes
B+H finance chief says bankrupt OBO owner may be only weeks away from securing Chapter 11 cash injection.
- HUBLine profit curbed
Malaysian boxship and bulker owner reports faltering earnings but wraps up $20m fundraiser.
- Boxship hit by blaze
Four injured as fire breaks out on Hapag-Lloyd vessel at Bremerhaven yard.
- HHI pay talks begin
Korean yard's bosses and union chiefs get together to discuss wage rise and later retirement.
- MayBulk hit by low rates
Dry cargo doldrums shave two fifths off Kuala Lumpur-listed shipowner's bottom line.
- Shreyas mulls ship buys
Indian boxship company could expand fleet in 2012, despite annual profit falling.
- Huanghai yard eyes shipping
Chinese shipbuilder plotting $30m investment in heavy-lift vessel arm in Hong Kong.
- Star books surprise profit
Spyros Capralos-led owner shocks the Street by staying out of the red in the first quarter.
- Golden climbs on buy-back
Oslo-listed bulker owner sees shares take flight after potential $45m share repurchase is opened.
- P&S cash has a catch
Germany ready to bail out struggling shipyard group, but banks and management must contribute.
- Dof rebounds in the first
Improvements in all segments sees Helge Mogster's offshore vessel owner overturn last year's loss.
- Nordic makes losing start
Products tanker rump of Nordic Tankers heads further into the red in Q1, as talks with banks continue.
- Japanese duo team up
Mitsubishi Heavy Industries and Imabari Shipbuilding pen three-year pact to haul in eco boxship orders.
- Sembcorp may fight on
Singapore-listed shipyard considering appeal after losing two-year tussle with PPL Holdings.
- B+H files for bankruptcy
Michael Hudner-led firm seeks court protection in the Southern District of New York.
|MAY 31, 2012|
- NEWSFLASH - Employers: ILA not bargaining in good faith
- MSC takes slots with Maersk on ECUMED
In a significant development, ocean carrier Mediterranean Shipping Co. has announced on its German Website it is joining Maersk Line's ECUMED loop between ports in Ecuador, Panama and the Black Sea.
- Descartes posts record quarterly revenues
- DOT releases new emergency response guide
- USDA considers Philippine banana imports
- GT Nexus picked by Phoenix
- Trincon starts activity-based cost tool
- LB port vet Steinke joins Moffatt & Nichol
The former executive director of the Port of Long Beach joined engineering firm Moffatt & Nichol as its ports practice leader. Steinke retired from the port in 2011 after a 22-year tenure there, including the last 14 as executive director.
- MSC merges its Chile feeders
- Big cranes head to Baltimore
Four super-post-Panamax cranes capable of loading and unloading containers from the world's largest vessels are en route to the Port of Baltimore from China and are scheduled to arrive by the middle of next month.
- CTSA amends bunker fee
- Virgin adds Vancouver cargo service
- Kooistra named Swisslog's NA sales VP
- Obama signs Ex-Im Bank reauthorization
"By reauthorizing support for the Export-Import Bank, we're helping thousands of businesses sell more of their products and services overseas and, in the process we're helping them create jobs here at home," the president said.
- CII to hold export seminar in Chicago
- FMC reviews 21 OTI license applications
- FMC seeks comments on ag export index
- Saddle Creek tweaks name
|MAY 31, 2012|
- Oil heads for largest monthly drop in three years
Crude plummets on speculation that slowing US economic growth and Europe's debt crisis could reduce fuel demand.
- BORCO facility expansion 'on track'
Some 1.9 million barrels of the 3.5 million extra capacity will be available by the second half of this year.
- European markets soft
Some suppliers fully booked in Rotterdam.
- Fujairah prices still falling
Durban prices firming slightly.
- Risk assessment underway for LNG bunker terminal
'Crucial step in the development of LNG bunkering infrastructure,' says DNV.
- Fuel oil stocks still climbing
Arbitrage arrivals outstrip demand.
- O.W. Bunker opens Beijing office
Supplier says it is responding to Chinese demand.
- Chinese shipyards offering 20% discounts
As many as half of China's shipbuilding companies under threat, according to industry sources.
- Asian bunker prices see double-digit falls
Supplies of bunker fuels 'fine'.
- Industry passes LNG 'milestone'
Wartsila says there is 'growing awareness of the advantages of operating on gas.'
- Northern Europen LNG bunkering study released
Study makes recommendations for establishing LNG bunkering infrastructure in Northern Europe.
- More orders for fuel efficent box vessels from UK shipping firm
Order for six 1,100 TEU boxships underlines Lomar's strategy for energy-saving, fuel-efficient vessel designs, it says.
- Singapore-based bunker supplier hires marketing manager
Michael Chia starts work for Equatorial Marine Fuel Management Services with immediate effect.
- Bunkers to play 'critical role' in Maersk Line's return to profit
Targets saving up to $1.3 billion annually from reduction in bunker consumption.
- Shipowner confirms fuel efficiency of Chinese bulker newbuilds
Crown 63 ship model design has reached 'all goals of consumption reduction', says Sinopacific Shipbuilding Group.
- Middle East governments urged to take lead on LNG bunkering
Offshore and short-sea sectors 'most obvious start' for LNG bunkering in the region, says DNV executive.