|AUGUST 1, 2012|
- MOL suffers US$64 million quarterly loss while revenues increase 8.59pc
- 'K' Line narrows net loss, shows improvement despite stagnant box market
- Cosco warns that first half financial loss will be worse than last year's
- Tianjin-Hong Kong link bolstered with two 1,000-TEU TS Lines ships
- Danaos profit and revenue surges despite stagnation in container market
- Box volume at Haifa surges 12pc to first half record of 719,883 TEU
- FMC: Canada blameless, but Canadian ports still a threat to US cargo
- Fujian's annual container volume expected to reach 10.5 million TEU
- Shanghai exports to EU down 7.9pc but city's Euro imports up 5.5pc
- Hunan provincial first half cargo rises 4pc to 81 million tonnes
- Congress mulls bill to restore 75pc cargo quota for US-flagged ships
- Chinese auto sector visits Le Havre to move its vehicles and spare parts
- Inchcape Shipping Services opens office in Mauritius through buyout
- Hacis to provide cargo export services to DB Schenker at Hong Kong airport
- Australia waives rules for Emirates-Flydubai non-compete affiliation
- Hong Kong provides Ohio's Rickenbacker Airport with 18pc cargo boost
- Bids in for air service to one of America's most remote communities
|JULY 31, 2012|
- Asia-Europe spot rates up last week
- Dhan Logistics opens Ahmedabad office
- Hamburg Süds Santa Ursula christened in Brazil
- Maersk Line to hike rates on major trade lanes in August
- Mehta Brothers Freight Forwarders obtains coveted ISO 9001:2008 certification
- Moore Stephens envisages increased pressure for incipient impairment in shipping
- NYK Global Bulk hosts onboard get-together to celebrate reconstruction of port devastated by Japan quake
- PSA focusing on port automation
- SC permits dismantling of controversial vessel at Alang
- Corn exports may crest to record 3.5 mt in 2011-12
- JSW Jaigarh Port all set to handle containers
- RBI keeps policy rates unchanged, cuts SLR
- MACCIA's Foreign Trade Policy seminar on Aug. 3
|JULY 31, 2012|
- Royal Caribbean Cruises promotes Michael Bayley
- GAO report highlights plight of USCG legacy fleet
- China awards Aker Arctic contract for icebreaker design
- SENER brings Virtual Reality to CAD/CAM/CAE
- Ensco takes delivery of semi, joins S&P 500
- Odfell orders four chemical tankers from HMD
|JULY 31, 2012|
- Trade between NAFTA partners climbs during month of May
- Inchcape Shipping Services nets UN food rations contract
- Crowley logistics group expanding service menu to Cartegena, Colombia
- IMO warns of implementation of new North American emissions rules
- Two million travelers use TSA airport screening program
|JULY 31, 2012|
- IUMI conference to debate Costa Concordia fall-out
Casualty has implications for underwriting passengerships, says secretary-general
- P&I club becomes first to offer members K&R cover
Product will normally have a $5m limit
- Aframax crude tanker fleet size to peak soon
Vessel class saw less ordering than others after 2008 crisis, but spot market is still weak
- North American emission control area reduces SOx limits to 1%
Restrictions to take immediate effect as region aligns with Baltic and North Sea
- Cosco issues first-half warning but eyes return to profit by 2014
The ballad of a state-owned conglomerate struggling to get back to black
- Cosco seeks 'special treatment' to stave off delisting fears
Cosco could face a delisting warning in Shanghai at year-end
- Rongsheng's latest scrape
Investigation of the yard's chairman by the US SEC could hurt its reputation, but the builder has finessed a tough situation before
- US to ban tanker charters and sales to Iran
Latest move against Tehran also targets NITC insurance cover and reflagging
- Indian blackout failure leaves millions without power
Further coal imports could provide relief to locals and shipowners
- Weak tanker rates curb profit for Capital Product
Marinakis group charters yet another partnership vessel at sweet rate
- Chinese tanker scrap rate gap with subcontinent hits six-month record
Prices in India drive demolition focus to south Asia
- Sale of MR pair sends Scorpio into second-quarter loss
Figures highlight shrinking tanker values
- Lloyd's List caption competition
Take the bull by the horns and help us out with a headline
- Scorpio confirms two more product tankers at Hyundai Mipo
Fleet renewal gathers pace as company favours fuel-efficient newbuildings
- Poor weather hampers firefighters on MSC Flaminia
Shipmanager waits for clearance to steer damaged boxship to shelter in UK
- Japan's big lines edge toward the black
MOL, NYK and K Line report losses but hold to forecasts of full-year profits
- China approves CNOOC's second Shenzhen LNG terminal
Country's top importer plans more terminals despite fears of overcapacity
- MHI shipbuilding division reports April-June losses
Japanese yard receives only one commercial ship order
- PMSC certification expected in July 2013
European Commission to hold additional meeting before November deadline
- All change at Tui
As Michael Frenzel steps down after 18 years at the helm of the group, Vodafone's Friedrich Joussen will take over
- Diversity advantage
Japan's major lines benefit from running a portfolio of shipping businesses
- Gun warning
Setting standards for private armed security on ships needs to be done with caution
- Chinese yard's LNG carrier deal provokes scepticism
LNG carrier building deal may not be all it seems
- Boxships face long-term unemployment
Scrapping increases as cargo prospects darken
- Courage Marine warns of greater loss
Dry bulk player blames depressed market and fleet replacement
- Ahmadinejad suggests Iran stops exporting oil
Price of oil based on political factors, not economic ones, so crude should be used in domestic refineries instead
- Maersk is losing $200 per feu on China to Australia routes
Carrier describes situation as unsustainable
- Danaos back in black in second quarter
Chief executive Coustas predicts upsurge for sector as a whole
- K Line predicts bigger full-year profit
Japanese shipping line posts much smaller net loss in April-June compared to year-ago level
|JULY 31, 2012|
- US poised to tighten sanctions
AMERICAN lawmakers are now targeting Iran's shipping and energy sectors with a new, even tougher set of sanctions
- Ahmadinejad: 'stop the exports of crude oil'
IRAN should stop crude exports altogether, stressing refined oil products instead, President Mahmoud Ahmadinejad was quoted as saying today
- Flaminia 'ping-pong' warned
FRENCH greens group Robin des Bois warned authorities against playing "Ping-Pong" over providing a place of refuge for the fire-ravaged box ship MSC Flaminia
- Japan's Big 3 narrow losses
JAPAN'S Big Three - MOL, NYK Line and 'K' Line - all narrowed losses for the first quarter of fiscal year 2012, which began in April
- Celebrity names new boss
ROYAL Caribbean-owned Celebrity Cruises today appointed Michael Bayley as its president and CEO
- CPP ups sponsor ties
NASDAQ-listed Capital Product Partners today reported an adjusted loss in its latest quarter and revealed further reliance on its sponsor Capital Maritime as a charter counterparty
- Saga sells its last ship
SAGA Tankers, the Norwegian VLCC owner that went public in 2010, today sold the last of its four vessels
- Moroccan ferry group seeks judicial protection
BANKRUPT Moroccan ferry group Comanav-Comarit today said it is seeking legal protection from creditors
- VLGC business slows
CHARTERERS have shunned fixing very large gas carriers to ship LPG, preferring to wait for SAUDI ARAMCO to unveil its August contract prices later this week
- TUI reveals Frenzel's replacement as CEO
TUI, A KEY shareholder in German box giant Hapag-Lloyd, has chosen a replacement for Michael Frenzel as CEO
- Danaos sees 'stagnant' market
BOX SHIP lessor Danaos has predicted that liner clients will be profitable in the near term, but noted that Europe's recovery is essential given looming newbuilding deliveries
- Courage's losses to widen
SINGAPORE-listed Taiwanese bulker owner Courage Marine today warned losses for the first half would widen
- Russia, Vietnam agree to customs accord
RUSSIA and Vietnam have agreed to implement customs-free trading, the Kremlin said
- NYK axes fleet spending
NYK LINE said today it will scale back on fleet expansion, except for its LNG carrier fleet
- Crew rescued from grounded ship
EIGHTEEN crew members have been rescued from a cargo ship that ran aground off the northern Philippines, its coastguards confirmed
|JULY 31, 2012|
- NAFTA Surface Trade Rose 8.3 Percent in May
Trade via surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, rose 8.3...
- NY-NJ ExpressRail Volume Up 10 Percent
Volume on the Port of New York and New Jersey's ExpressRail intermodal rail service at marine terminals jumped 10 percent...
- Arkansas Best, ABF Return to Profit
Transport operator Arkansas Best delivered an $11.8 million net profit in the second quarter, recovering from an $18.2 million first quarter...
- ILWU Clerical Workers, Employers Resume Talks
Waterfront employers and office clerical workers in Southern California softened the tone of their rhetoric Tuesday and agreed to resume...
- 'K' Line Trims Loss, Forecasts Profit
Japanese carrier "K" Line narrowed its losses in its April-June first quarter and said it expects rising rates and cost...
- Truck Overpass Ready to Open at Port of Savannah
Georgia officials held a ribbon-cutting ceremony for a $22.5 million overpass that will route trucks over six rail tracks at...
- Kuehne + Nagel Lands Metro Group Contract
Kuehne + Nagel has won a major retail contract to provide ocean freight logistics management services for Hong Kong-based Group...
- Higher Rates, Better Freight Drive Celadon Profit
Higher truckload rates, lower equipment costs and "better freight" boosted Celadon Group's profit 63.6 percent in the last quarter as...
- US May Hit Washing Machine Makers With Tariffs
The U.S. Department of Commerce plans to impose tariffs on washing machines built by four major manufacturers after the agency...
- NYK Expects Profit on Containers for Year
NYK said its first quarter losses on container shipping narrowed, and the diversified Japanese carrier said it expects the unit...
- DB Schenker to Ship a Third of China Cargo Through Hong Kong
DB Schenker has signed a deal in which the forwarding giant will ship around one third of its air freight...
- Panalpina Second Quarter Profit Plunged 37.5 Percent
Panalpina's second quarter profit tumbled 37.5 percent from a year ago, but the Swiss logistics and freight forwarder boosted its...
- MOL Narrows Losses, Raises Forecast
Japanese carrier MOL narrowed its loss for its March-June quarter and said it expects improved container shipping results to contribute...
- More Container Ships Face Long-Term Unemployment
Increasing numbers of container ships are facing long-term unemployment amid bleak job prospects in a bearish charter market, according to...
- Scandlines Exits European Short Sea Freight Market
Scandlines completed its exit from Northern Europe's short sea freight market with the sale of a Baltic Sea route and...
- Danaos Back in the Black
Greek shipowner Danaos returned to the black in the second quarter, booking net income of $8.97 million, compared with a...
- ILWU Clerical Workers, Employers Break Off Talks
Contract negotiations between office clerical workers and the attorney representing waterfront employers in Los Angeles-Long Beach resumed Monday morning after a...
|JULY 31, 2012|
- All that glitters is not gold
Weighing in at some 412 grams the Olympic gold medals currently being won in London for 'swifter, higher, stronger' athletic achievements are surprisingly made ...
- Q1 net losses narrow for Japanese carrier trio
The three Japanese ocean carriers have seen their net losses for the first quarter of their fiscal years significantly reduce compared to the same period of last ...
- MSC Flaminia: bad weather stymies salvors
- CMA CGM to start new Brazex service in August
CMA CGM has announced that its new Brazil Express (Brazex) service connecting South America's largest country with the Caribbean basin will be standalone operation ...
- Taiwanese shippers hope the 'worst is over' in Europe
Taiwan's key European export market plunged in the second quarter of the year sending its economy into contraction mode against an earlier forecast of slight growth.According ...
- Stubkjaer joins Carrix
Knud Stubkjaer, an ex ceo of Maersk Line and an employee of that organisation for more than 30 years has joined Seattle-based Carrix Inc, the parent company of ...
- Market downturn and carriers' rate hikes hit Panalpina
Panalpina, which is one of the world's largest logistics groups, posted weaker profits in its Q2 12 fiscal period, but according to ceo, Monika Ribar, still 'outperformed ...
- Saudi Arabia's KAEC to open next year
The initial phase of Saudi Arabia's new port at King Abdullah Economic City (KAEC), which is located near Rabigh about 100km north of Jeddah, should open next year. ...
|JULY 31, 2012|
- ADM pounces on port
- Lazaridis defends charters
- Radio silence at OSG
- Vernicos targets resales
- Celebrity passes torch
- Death for Glory ship
A tanker which survived a brush with Somali pirates last year has been sold for scrap in Pakistan.
- Capital slides in Q2
- Cal Dive & Fugro ink JV
Cal Dive and Fugro have joined forces to compete for the growing number of subsea projects within the offshore energy industry.
- Scorpio admits order
Scorpio Tankers has confirmed a swoop for up to four newbuildings at Hyundai Mipo in South Korea.
- SCI sells oldie
Shipping Corp of India has rid itself of its sole bulk oil carrier.
- Polarcus back in black
Polarcus has turned around its fortunes off the back of a bigger fleet and improved utilisation.
- Better from NCL
Norwegian Cruise Line has overcome a weak European economy to post an improved second quarter.
- Barclays cuts Rongsheng
Probe into chairman's share dealings leads to fears institutionals will turn away.
- OSG keeps AMS ships
American Shipping Company has rejigged a series of charter contracts with Overseas Shipholding Group and finalised a refinancing package with lenders.
- Odfjell orders eight
Odfjell has returned to the newbuilding arena with an order for up to eight ships at Hyundai Mipo.
- NYK to slash fleet
Continuing unprofitability of its core shipping business has led to Nippon Yusen Kaisha abandoning plans for a big fleet expansion.
- Double joy for MHI
Mitsubishi Heavy Industries has seen a huge upswing in its first quarter numbers though its shipping segment fell into the red.
- Saga to spread cash
Shareholders in Saga Tankers are ready to split the company's cash following the departure of its last vessel.
- Fincantieri flush
Italian shipbuilder Fincantieri is flush with cash after an improved first half showing
- MOL cuts deficit
Mitsui OSK Lines (MOL) has narrowed its first quarter loss after seeing a rise in sales across the board.
- K Line banks on oldies
K Line has moved against the grain for more modern vessels and decided to stretch the useful life of many of its ships.
- MES sees order growth
Mitsui Engineering & Shipbuilding has seen profits fall by over 50%, but has seen new orders increase on a year ago.
- Scorpio back at Mipo
Scorpio Tankers has returned to Hyundai Mipo for up to four more fuel efficient newbuildings, it is thought.
- Danaos returns to profit
Danaos has reported a return to profits for the second quarter of 2012 with net income of $8.9m.
- Wallem teams with NTC
Wallem Shipmanagement has teamed-up with Nanjing Tanker Corp in a new joint venture ship management partnership in Singapore.
|JULY 31, 2012|
- Japanese lines recover in fiscal 1Q
The improvement included two of the carriers making operating profits at group level. Collectively, the three lines cut their first quarter fiscal year losses from $265 million in 2011 to $42 million this year.
- Washington Notebook: CBP's new port director for Houston/Galveston
- Washington interests want HMT reform
Government officials and business leaders are using last week's report from the FMC on U.S.-bound sea freight moving through Canadian and Mexican ports to support calls for HMT reform and increased U.S. port investment.
- Panalpina's profit falls, Latin America bright spot
The Swiss forwarding and logistics company had consolidated profit of 17.3 million Swiss francs ($17.7 million) in the second quarter ending June 30, 46 percent less than the 32 million Swiss francs it earned in the same 2011 period.
- NS overhauls coal line in record time
The Eastern railroad said it completed $20.5 million of track, bridge and signal improvements along a major coal line through the Monongahela Valley during a seven-day blitz timed to coincide with coal miners' annual weeklong summer break.
- Crowley offers LCL service to Colombia
- Quad-C buys Network Global Logistics
- Logitude, Pangea partner on SaaS forwarding
- U.S. duties set for washers from Mexico, South Korea
- Kansas adds digital IFTA filing support
- Longview gets new CEO
- Evanhoe pairs with Fluensee on RFID
- TP Pulse: Shipper worries over ILA strike remain
|JULY 31, 2012|
- Traders forecast 'supply crunch' of on-spec fuel in August
Traders claim shortage of on- specification cargoes is due to lack of available high density blending materials.
- NYK abandons fleet expansion plans
Shipping firm blames global 'economic challenges'.
- IFO prices firm in Fujairah
Fujairah prices move up with bigger jumps seen in Suez.
- Prices move with narrow margins across Europe
Price climb slows in Rotterdam with mixed picture elsewhere.
- Industry player publishes guide to oil trading jargon
Book based on years of experience in oil trading business.
- US tightens sanctions against Iran
Senate and Congress reconcile sanctions bills and add new provisions.
- ECA: Shipping company entering 'unchartered waters'
'There are more unknowns than knowns,' says Matson official.
- Iran 'to stop' exporting crude
Falling crude exports turn Iran inwards towards its domestic market.
- 'Ships get bigger and bigger' in drive for economies of scale
'We can't carry on doing what we've been doing,' says Maersk Line executive.
- Dual-fuel ferry order goes to European yard
Fincantieri to build 'eco' ferry for Canadian company.
- Prices lack direction in Asian bunker markets
Supplies of bunker fuels largely fine at major ports in Asia on Tuesday.
- Tanker specialist orders fuel efficient newbuilds
Odfjell says ships 'will have an eco-friendly design and lower fuel consumption'.
- Alaskan city supports state suit against US EPA
North Amercian ECA will increase cost of living for local population as shipping firms pass on the higher bunker costs.
- Chartered ships returned as rates stay low
Dry bulk woes pile pressure on charterers and shipowners.
- Bunker prices to lift flat tanker rates in 2013
Flat rates to increase on the back of a 14% increase in average bunker prices, says shipbroker.
- South Korean bunker output slightly up in August
Most refiners to maintain bunker production levels.
- Chimbusco in low sulphur fuel oil purchase
Pays a premium for the LSFO cargo from Russia.
- INTERTANKO updates optimal speed model for tankers
Aims for a 'common understanding' of the benefits of reduced speed amid high bunker prices and overcapacity.
- Liner outlook upbeat on lower bunker costs
Box rates have stabilised on better capacity management in the sector, says Danaos CEO.