|AUGUST 2, 2012|
- Smouldering MSC Flaminia awaits clearance 100 miles off UK shores
- Japan's big three narrow losses with stronger rates and more volume
- Top Hamburg port operator trims 2012 earnings forecast amid Euro gloom
- New South Wales seeks to privatise Port Kembla and Port Botany in 2012
- CMA CGM adds two calls to Brazil Express on South America-Caribbean trade
- Hebei's port container throughput expected to hit 800,000 TEU in 2012
- Panalpina consolidated quarterly profit off 46pc to US$17.7 million
- Port of Los Angeles seeks firm to redo waterfront section as retail zone
- Tanzanian textile sector said unhurt by flood imported second-hand clothes
- UPS takeover target TNT Express reports 67pc rise in quarterly profit
- Nippon Cargo Airlines to test costly biofuel on its new B747-8 Freighter
- Chongqing offers 3,500 tonnes weekly air cargo capacity in first half
|AUGUST 1, 2012|
- BAF cuts, not supply & demand, seen responsible for declining freight rates
- BCHAA team apprise former President of Association's history & activities
- ICS seeks crucial changes to IMO ballast water regime in effort to avoid chaos
- APSEZ Q1 net up 64 pc
- Cargo growth at Indian ports slows in 2011-12; capacity constraints & structural issues undermine favourable growth potential: ICRA
- Govt to hold quarterly reviews to fast-track projects at key ports
- Royal Boskalis awarded contract for JN Port dredging project
- AAI seeks land for dedicated air cargo facility in Pune
- Jump in air freight rates drive cos to cheaper substitutes
- Banks urged to adopt e-document to help exporters
- RBI survey slashes growth to 6.5 pc in FY13
|AUGUST 1, 2012|
- Crowley unit fined $1.5 million in price fixing case
- Ferry funded by ONR is yet to enter service
- European Commission ends P&I Club investigation
- Ugland newbuild PSV to have innovative propulsion system
- More red ink at OSG
|AUGUST 1, 2012|
- Port of Coos Bay taps Wall as new chief operating officer
- Schnitzer Steel shareholders to receive stock dividend August 30
- Customs officers track down stolen Egyptian artifacts
- Inchcape warns Typhoon Saola affecting Taiwan port operations
- Trucking group files comments regarding FMCSA safety program
|AUGUST 1, 2012|
- Greek boxship buying bonanza: a matter for speculation
Is it fair to tar all of the players ordering new tonnage as opportunists?
- Is China a currency manipulator or scapegoat in US presidency race?
If Romney makes good his pledge, shipping faces short-term disruption
- HHLA Altenwerder stays at top of its game
After a decade in operation, the box terminal has fought hard to remain the most modern in the world
- Aegean orders up to six MR2s at Daesun
Exclusive: Oil and shipping group said to have already financed firm quartet
- Boxship charter market endures slow week
As summer lull hits market, ConTex falls 11 points in one month
- Royal Navy to the rescue
Two warships protect stricken boxship after engine breakdown in Gulf of Aden
- Zero death toll for bulkers still elusive, Intercargo admits
Fatalities last year at 38, as number of vessels lost rises sharply
- Obama sanctions buyers of Iranian crude
Meanwhile, Russia moves against Iran port purchase
- Brussels closes its antitrust investigation into International Group
IG still plans to make changes to IGA which are yet to be published
- US regulations drive demand spike for low-sulphur bunkers
Impact of emissions control area is already factored into price
- OSG loss widens due to product tanker woes
Company's $1.5bn unsecured revolving facility is fully drawn down
- US export drive advances as Freeport sells LNG to Japan
More vessels required to ship US volumes
- Diana Containerships posts profit from expanded fleet
Greek owner takes steep drop in rate to recharter unit coming off hire from CSAV
- Summer sniffles
First-half results reveal which players have caught a cold and which need intensive care
- Pacific Basin posts net loss following ro-ro write-down
But dry bulk specialist outperforms handysize sector and seeks new acquisitions
- A lighter shade of blue
Pacific Basin bucks dry bulk sector's woes despite posting a half-year loss
- Larger ships underpin DP World volume growth
Port operator adds capacity as Asia Pacific growth offsets sluggish demand in Europe
- BP opts to store crude on VLCC
More time charter fixtures expected
- Indian government has not banned US-sanctioned Iranian ships
Any problems are due to issues with insurance, says foreign ministry
- Cosco Corp posts 13% fall in second-quarter net profit
Shipbuilding unit issues pessimistic forecast
- Charterers keep rate rises in check as ships outnumber demand 3:1
Summer expected to be a charterers market
- Standing firm
Seaspan has been able to obtain finance from CDB due to its simple but solid business model
- Taiwan port to improve Guangxi links
Bid by Taiwan International Port to boost connections between Kaohsiung and Fangcheng, Qinzhou and Beihai
- CDB confirmed as backer of Seaspan boxship order at Yangzijiang
Policy bank provides $520m for seven vessels in deal that carries option for 18 more ships
- SinOceanic seeks salvation from China
GCL-linked shareholder Sinindo increases its stake in firm
- Wrong direction
Maersk losses are on Australia to China route, not the reverse
|AUGUST 1, 2012|
- Fresh US sanctions tied to Iran's shipping
FRESH sanctions ordered by President Obama place yet more pressure on Iran's besieged tanker fleet
- Never mind, EC tells P&I
THE EC said today it has dropped its concerns about P&I clubs after a two-year investigation
- Terracotta Gang busted
POLICE reportedly seized a record half-tonne of drug contraband today in 3,200 terracotta pots being smuggled in containers through Sydney's Port Botany
- Japan vehicle sector growth brakes gently
JAPAN'S vehicle makers continued to improve year on year production and exports in June, although the rate of progress slowed from that seen in early 2012
- Pacific Basin bares losses
PACIFIC Basin of Hong Kong today said it lost $196M during the first six months of this year, on revenues of $703M
- Capacity buoys Diana Containerships
SIMEON Palios-led Diana Containerships today reported lower profits than expected, as weaker rates offset much higher capacity
- Western Canada bumper grain crop seen
WESTERN Canada's growers are headed for their best harvest in years and should have more wheat and barley to export, the Canadian Wheat Board said today
- Death of Indian breaking seen in ruling
A GREEN group predicted today that the Indian Supreme Court's 30 July ruling to permit the breaking of the former Exxon Valdez would also bar other ships from following the VLCC to India's recycling yards
- Indonesia mulls coal output flatline
INDONESIA, the world's top steam coal exporter, might not raise year on year output because of falling prices
- Slow LPG trade seen
LPG TRADERS told Fairplay today trade is expected to slow after SAUDI ARAMCO raised August contract prices
- Chinese ship repair reels
CHINA'S ship repairers are feeling the global financial squeeze, according to the China Association of the National Shipbuilding Industry
- CSD outlines spending plans despite losses
CHINA Shipping Development today said it will spend more than 12Bn yuan ($2Bn) in 2012-13, while receiving almost 60 new vessels
- Adani's profits jump 64%
GAUTAM Adani-run Adani Ports & SEZ, which operates ports at Mundra and Dahej, today reported a 64% rise in net profits for its April-June quarter
- Boost seen for Malaysia's palm oil sector
MOVES BY India and Malaysia to encourage crude palm oil shipments should mostly result in a boost of such exports from Malaysia, analysts have predicted
- LNG orderbook caught short?
PLANNED imports of LNG from the US to Japan will require so much tonnage that the current orderbook of LNG carriers might be caught short, a shipping analyst said today
|AUGUST 1, 2012|
- NY-NJ Port Offers Incentives for Clean Ships
The Port Authority of New York and New Jersey will pay ship operators incentives to lessen their environmental impact over...
- MSC to Hike Asia-US Cargo Rates
Mediterranean Shipping Co. plans to raise freight rates Sept. 1 on all cargo originating in the Far East and Southeast...
- ILWU Clerical Workers, Employers Return to Bargaining Table
Office clerical workers and waterfront employers in Los Angeles-Long Beach are scheduled to return to the bargaining table Wednesday in...
- Stricken MSC Ship Towed Farther From Land
The fire-damaged container ship MSC Flaminia was towed to about 200 miles from the British coast while salvors waited for...
- Container Traffic Up 3 Percent at West Coast Ports
West Coast ports recorded solid gains in container traffic in June, with imports up 4 percent over the same month...
- Portus Acquires Port Everglades Stevedore
Portus Services LLC has acquired St. Johns Shipping, a private stevedore and terminal operator in Port Everglades, Fla., for an...
- Yusen Logistics Net Profit Nearly Triples
Major Japanese international freight forwarder Yusen Logistics Co. said that its net profit surged 166.7 percent in the first quarter...
- EU Drops Marine Insurance Probe
The European Union dropped a two-year investigation into marine insurance agreements between groups of shipowners after failing to find conclusive...
- DSV's Profit Up 5.9 Percent in Second Quarter
DSV's core profit increased 5.9 percent in the second quarter from a year ago as the Danish logistics and freight...
- Trans-Pacific Carriers Secure Small Portion of Aug. 1 Rate Increase
Average spot rates on the eastbound trans-Pacific increased by 3 percent this week, or $71 per 40-foot-equivalent container, indicating that...
- Con-way Profit Rises 42 Percent to $41.8 Million
Trucking and logistics giant Con-way increased net profit 42 percent in the second quarter to $41.8 million as higher yield,...
- Economic Indicators Out of North Asia Remain Dim
Economic indicators from North Asia continue to deteriorate as slowing Chinese growth, the Eurozone debt crisis and the bearish U.S....
- DP World Container Traffic Up 7.5 Percent
DP World's container traffic increased 7.5 percent in the first half of 2012 from a year ago as strong growth...
- APM Terminals to Build Terminal in Mexico
APM Terminals has signed a 32-year concession contract to design, finance, build, operate and maintain a container terminal at Mexico's...
- Diana Containerships Reports $2.2 Million Profit
Container ship owner-charterer Diana Containerships Inc. reported second quarter net income of $2.2 million, compared with a net loss of...
- Panalpina Expects Further Growth on Asia Trades
Panalpina expects further growth on its intra-Asia and Asia-Latin America trades by air and sea in the coming months. ...
- Saudia Cargo Volume Surges 26 Percent
Downbeat air freight markets didn't keep Saudia Cargo from posting gains in the first six months of the year, as...
- Port Nehru Terminal Hit by Crane Collapse
A recent container crane collapse at India's Jawaharlal Nehru Container Terminal (Nhava Sheva Port) is wreaking havoc on berthing schedules...
|AUGUST 1, 2012|
- Why should cargo owners always suffer in silence?
- Crowley launches LCL service to Cartagena
Jacksonville-headquartered Crowley Maritime Corporation has expanded the range of its LCL, air freight cargo and customs brokerage services for cargo moving out ...
- Savannah port boosts road and rail links
The US East Coast Port of Savannah's landside links are to receive a boost as its new highway overpass that connects it to the southeast of the country is just ...
- 'Vital' HMT issue could be amended on back of FMC study
US West Coast ports worried about the Harbor Maintenance Tax (HMT) causing US cargo to gateway via Canada will welcome the news that there is hope that this legislation ...
- Superpower India gets cut off
More than half of the population of India suffered a complete power blackout yesterday after three electricity grids collapsed, bringing the country's transport ...
- Cronos renews its USD1.2 billion credit facility
Hamilton, Bermuda-based Cronos Holding Company has announced that its wholly-owned subsidiary CRX Intermodal Bermuda Ltd has renewed USD1.2 billion 'Warehouse Credit ...
- Chinese manufacturing still slowing
According to the latest Purchasing Managers' Index [PMI] July manufacturing activity in China fell to the lowest level for eight months, sparking more fears of ...
- K+N starts LCL service for UK drinks industry
Kuehne+Nagel (K+N), the Switzerland-based logistics group, is improving its range of services to wine importers in the UK by giving them more choice, hoping to ...
- DP World posts 'robust' H1 12 growth in throughput
Led by its Asia Pacific and Indian Subcontinent region, the leading terminal operating company DP World, posted what according to executives of the group called ...
|AUGUST 1, 2012|
- COA still alive
- Bid branded 'unfair'
- Legal shield expands
- NAT's wild ride
- OSG under the cosh
Overseas Shipholding Group's attempts to straight bat fears over its liquidity shortage have not been well received by the market.
- DCIX rebounds
Diana Containerships is taking a huge pay cut on a new charter contract for one of its vessels.
- Fresh power for bulk?
India's power outages this week may have left over 600m people in the dark - but it has offered a ray of light for the dry-cargo market.
- P&I cartel in the clear
The European Commission has abandoned its high profile antitrust investigation into the International Group protection and indemnity clubs.
- Unlucky 13 for OSG
Overseas Shipholding Group has shrugged off fears over a hole in its balance sheet as it turned in a 13th consecutive quarterly loss today.
- Seaspan in luck
A Seaspan containership had a lucky escape after its engines failed in the piracy black-spot of the Gulf of Aden, the Royal Navy has revealed.
- Cosco faces squeeze
Cosco Corp (Singapore) has seen its second quarter profit dip following a decline in income from its bulker wing.
- Pac Basin stained red
Pacific Basin Shipping has plunged to a loss of almost $200m in the first six months of 2012.
- No STNG in the tail
Scorpio Tankers received a ripple of applause on Wall Street yesterday as analysts and investors digested its fleet renewal plans and a stronger than expected second quarter numbers.
- Dry gap to close
A gap between dry-cargo rates in the two basins will start to close from next year, ICAP believes.
- DP World sees volumes up
Dubai port operator DP World has reported a 7.5% increase in volumes in the first six months of 2012.
- Inspectors board MISC ship
A stricken MISC chemical tanker has cooled sufficiently to allow Malaysian authorities to board the vessel for inspection.
- Deutsche cuts China pair
Deutsche Bank cut its target prices for COSCO Corp and Yangzijiang over concerns about the outlook for the Chinese shipbuilding sector.
|AUGUST 1, 2012|
- CORRECTION: Nordana's U.S. East Coast-West Africa service continues
In today's AS Daily, it was misreported that Nordana dropped its U.S. East Coast-West Africa service. According to Bob Chick, president of Nordana USA, the service remains in operation.
- EU group cites unfair solar trade from China
EU ProSun said Europe's solar industry is "being decimated by unfair competition from China leading to layoffs, and one major European solar bankruptcy every month," furthering warning the domestic industry will disappear.
- Truckers challenge to HOS regs gains support
A coalition representing manufacturing, agricultural, retail, and transportation interests, jointly filed a friend of the court brief supporting the ATA's challenge to the hours of service rules handed down last year by the FMCSA.
- FMC reviews 12 OTI license applications
- Bogatch-Genossar named Zim America president
Lea Bogatch-Genossar has been appointed president of Zim American Integrated Shipping Services, effective Aug. 6. She will replace Shaul Ramon, who finishes a three-year tenure.
- MSC raises Asia-to-U.S. container rates
- APMT signs 32-year Lazaro concession
APM Terminals has signed a 32-year concession contract with the Port Authority of the Port of Lazaro Cardenas (APILAC) for the design, financing, construction, operation, and maintenance of a new container terminal at the port.
- Permira buys material handler Intelligrated
- Con-way reports higher 2Q profit
- Port of NY/NJ sees growth in container rail traffic
- Swissport selects SysAid for U.S. IT
- SPL gives free parts management software
- Tropical Shipping reports operating loss, volumes up
- AMI centralizes Spot Rates department
- 'K' Line latest to publish on-time performance stats
- Rail service improves as coal traffic declines
- Trailer Leasing Alliance starts operations
- Globe Express opens Jebel Ali complex
- Saddle Creek names Sizemore VP marketing
- WCT appoints Gayko general manager
|AUGUST 1, 2012|
- Oil climbs on back of biggest inventory drop in seven months
'The market is capped at about $90 a barrel at the moment. Prices will slowly gain as we whittle away at inventories,' says US trader.
- Bunker prices in Fujairah showing losses
Middle East prices fall back following Europe's softer trend.
- Market softens across Europe
Price rally runs out of steam after a week of steady gains.
- High sulphur gas oil cargo makes solo appearance
Bids for the product should be made today, traders say.
- Exhaust add-on tackles soot and particulates
Particulates emitted by small vessel's diesel engines are burnt off using heat from engine's exhaust.
- Software pinpoints 'best' ECA route
Masters can use the software to work out most efficient route for their ships.
- GAC expands Middle East bunker team
New appointments herald regional expansion.
- Mid week bunker prices mixed at key Asian ports
Demand for bunker fuels was largely below average at key Asian ports on Wednesday.
- 'Solid earnings' for spot tankers as bunkers soften
But seasonal pressure on rates returned in the latter part of Q2, says Capital Product Partners.
- North American ECA now in effect
Ships operating off the coasts of United States and Canada now required to burn 1.00% sulphur fuel.
- MOL still in the red
Losses at box ship unit lower due to cost reduction efforts including slow steaming.
- Fuel efficient vessels give 'competitive advantage'
Tanker firm intends to build up to four additional fuel-efficient vessels as part of its effort to modernise fleet.
- Chinese 'eco' bulk carrier in successful trial voyage
The Haichuan 3 is powered by a combination of LNG and diesel fuel.
- 'No further slick' from stricken MISC tanker
Efforts underway to clean up shoreline affected by oil slick, says tanker operator.