|APRIL 3, 2012|
- Stricken cruise ship arrives in M'sian port safely
A luxury cruise ship with 1,000 people on board that was stranded for 24 hours after a fire arrived at a Malaysian port late on Sunday, a maritime official said.
- Carnival cruise ship released from Texas port
A Carnival Corp cruise liner was released to sail from a Texas port by a US judge who ordered it seized on March 30 in a lawsuit over a death in the Costa Concordia shipwreck off Italy.
- Indebted Torm fails to raise capital: report
The future of indebted Danish shipping company Torm looks set to be determined by its banks after talks over a capital injection collapsed on Friday, the Financial Times said.
- Iraq working to defuse Hormuz
- Low water levels hamper Rhine river shipping
- Malta delists Iranian tanker carrying Syrian crude
|APRIL 3, 2012|
- Losses hit big Taiwan box lines, but Wan Hai makes money closer to home
- Somali pirates agree to release 1,066-TEU ships' crew for US$2.8 million
- Optimism returns to Long Beach, busy peak seasson expected in 2012
- India court orders shipowner to pay kin US$196,552 after ship collision
- Colombo's state-run terminal hits record highs in 2011 at 2,299,446 TEU
- BIMCO draughts standard contract for employing armed guards on ships
- Maimex-Beretti tie-up accents door-to-door solutions for fashion shippers
- Air China Cargo expands routes while rival carriers downplay freight
- Volga-Dnepr pitches in to rebuild Honda assembly plant after Thai floods
- Kuehne + Nagel launches innovative air freight service for pharma products
|APRIL 3, 2012|
- CMA CGM, MSC & CSAV in joint north Europe-East Coast South America service
- Hapag-Lloyd to levy north Europe-Far East bunker surcharge from April 16
- Maersk adds Hamburg to its AE-6 Far East service
- MOL expands South Africa coverage
- MSC takes delivery of large capacity vessel for Asia-Europe service
- NSCSA inks contract with Qatar Aluminium Co.
- NYK's Ship Energy Efficiency Management Plan first in world to be certified
- Port of Hamburg berths first vessel of BBC Chartering's new Europe-Asia service
- Refineries ask Iran to bear insurance risk amid sanctions
- Shreyas Shipping CFO recognised for cost management
- Tanker earnings weaken
- WCA Family Week Conference sets attendance record
- Pak notifies negative list for trade with India
- Amsterdam Metropolitan Area delegation visits JN Port
- Ban on pulses exports to stay; two varieties exempted
- Govt directive on EIC could hamper seafood exports
- State budget allocates around '750 cr. for Mumbai water transport project
- Steel imports to cost more
- China eases checks & balances on foreign capital
|APRIL 2, 2012|
- FedEx opens new offices in USA
US-based FedEx Corporation reported that its freight forwarding unit FedEx Trade Networks has opened three new US offices as part of an ongoing expansion programme. The new premise...
- Opening of first duty-free reefer depot
Decoexsa Maroc, a leading Moroccan groupage haulier, has announced the opening of a temperature-controlled facility within its duty-free depot in Casablanca in May. The capacity wi...
- APM Terminals in implementation phase for Moin Container Terminal
APM Terminals' Moin Container Terminal (TCM) concession agreement with the Costa Rican government has received final endorsement from the country's comptroller general office. With...
- Korean boosts cargo customer base for Swissport in Amsterdam
Swissport International, one of the world's leading providers of ground services for the aviation sector, has won a significant new customer at Amsterdam Schiphol airport in the sh...
- Japan and Sri Lanka ink open-skies agreement
Japan and Sri Lanka have concluded a revised bilateral air service agreement, which includes an open-skies deal, starting in 2013. With respect to cargo transport, the main highlig...
- Dubai reports volume upturn in February
Dubai international airport's freight volumes witnessed an upturn after months of flat growth, according to the monthly traffic report for February issued by Dubai Airports. After ...
- DST gains furniture maker blueroom as new customer
DST m'bel mobil, based in Rekingen (Switzerland), has gained a new customer in the shape of blueroom Kindermöbel. DST will manage the central warehouse, pick inbound orders and org...
- InterRail intensifies cooperation with China Railway International Multimodal Transport
InterRail Trans Siberian Express Ltd, a subsidiary of Switzerland-based InterRail Holding AG, has signed an agreement with China Railway International Multimodal Transport (CRIMT) ...
- P&O Ferrymasters set to expand its key Benelux-Finland business
P&O Ferrymasters is set to expand its key Benelux-Finland business after signing an exclusive agency agreement with Finland-based Greencarrier Freight Services, a member of th...
- First Scania euro 6 trucks now being registered
The EU Commission's euro 6 emission regulation was recently adopted, making it possible to register heavy vehicles according to the new standard. The Swedish vehicle manufacturer S...
- ID Logistics newly listed on the stock exchange
The French logistics company ID Logistics, which has grown strongly and consistently in Europe since it was founded in 2002, recently completed its initial public offering. The ser...
- U-Freight partner Tracosa Aduanas gains AEO status in Spain
Tracosa Aduanas, the Spanish independent freight forwarder and agent of the U-Freight Group (UFL), has become an authorised economic operator (AEO) in the customs simplifications c...
|APRIL 2, 2012|
- Seadrill subsidiary places $568 million semi order at Jurong
- Trailer Bridge sails out of Chapter 11 bankruptcy
- Bath Iron Works faces $171,300 in proposed OSHA fines
- Kvichak to build two fish transport vessels
- Detyens Shipyards awarded $8.1 million MSC drydocking contract
- Bergen Group Fosen awarded further OCV contract by Volstad Maritime
- OW Bunker to launch U.S. operations
- American Club alert warns of California ban on vessel sewage discharge
- Wärtsilä Hamworthy wins third Höegh LNG regas technology contract
- Keppel AmFELS wins $205 million repeat order from Mexico
|APRIL 2, 2012|
- Two persons believed dead from Bellingham boathouse fire
- Hamburg Sud christens new 7,100 teu box ship
- Container group calling for Connie Award nominations
- NYK ship management plan meets new IMO standards
- Evergreen Shipping Agency taps Amalfitano as president
|APRIL 2, 2012|
- Shipping's matchmaker
Capital Link's Nicolas Bornozis brings together investors and owners
- Substance before style
Logistics needs a little more customer focus, a little less preoccupation with its image
- VLGCs fixed with discharge options
Oversupply in Middle East Gulf due to falling Iranian LPG exports
- Crowley keeps shipyards guessing on boxship orders
US company eyes newbuildings for domestic and foreign trades
- K Line capesize sells for further trading at scrap value
Bulker, 16, sells for $500,000 above demolition price
- Valencia in ambitious mood
Spanish hub aims to become 'Europe south gate' for Asian goods by exploiting rail link
- Shipping to compete for diesel fuel
Calls to match land transport requirements could ease supply fears
- Flux Drive wins award
Innovative fuel-saving system hailed as valuable contribution to green ship technology
- Fuel efficiency counts for charterers
Naive to think cargo owners have no interest in fuel bills, says Cargill's
- Surging bunker prices boost interest in alternative fuels
Industry joins forces to back research into new energy sources
- Sewage discharge banned in California waters
American P&I Club alerts members to new rule
- Drydocks World presses on with debt restructuring
Decree 57 allows Dubai yard to proceed without unanimous creditor support
- Somalia divided over EU move to fight piracy on land
Critics say move will drive gangs to support Al-Shabaab
- DFDS military newbuildings delayed at P+S Werft
Delivery of ro-ro vessels was expected in early 2012, but will now be in the latter half of the year
- Fall in Indian steel prices hits Alang demand
Rates paid by breakers slip week on week as currency fluctuations and ample tonnage add to weakened sentiment
- Minoan posts $52m loss
But giant Adriatic cruise ferries boost revenues
- Navios buys NewLead handysize
Frangou counts cash flow gain as compatriot continues to downsize
- Tanker Pacific snaps up fresh bargain
Reports say LR Torm Ugland sold for $23m
- Sanko sell-off saga continues
Distressed shipowner to sell 27 ships in restructuring deal
- PMSC vetting reveals lack of awareness
Security firms failing to grasp importance of showing due diligence
- NOL scraps bond plan
Weak market a setback for Singapore box carrier
- Jones Act here to stay
US cabotage remains off-limits to outsiders
- PSA Group reports 4% drop in profit
Fall belies growth in revenues and box volumes
- Yang Ming dips into the red
Bunker and operating expenses scupper Taiwan boxline's profits
- CSA urges China shipowners to seek government aid
Owner lobby calls for collective rate setting
- Ex-Vinashin boss jailed for 20 years
Guilty verdict for eight other former managers ends Vietnam court case
- DHT launches $80m rights issue
Private equity player Anchorage Capital invests $7.5m and pledges to buy shares that go unpurchased from the remaining $72.5m
- Bankrupt shipbuilder Sietas set for sale
Several parties interested in the group plus strong interest in repair yard and crane maker, says administrator
- Italian court reduces DSV fine
Penalty linked to takeover of ABX Logistics
- MOL predicts smaller loss
But Japanese shipowner still sees worst performance since its founding
|APRIL 2, 2012|
- Navios buys bulker
NAVIOS Holdings said today it has acquired the 2011-built Handysize bulker Navios Serenity for $26M
- Smuggled chemicals seized
POLICE in Guatemala have seized $6M worth of precursor chemicals for making drugs smuggled by ship from China, IHS Global Insight reported today
- Another key box rate rise sought
CONTAINER rates for Far East/Europe routes could be headed up again in May
- Oz strife sparks force majeure
THE BHP Billiton-Mitsubishi Alliance told Fairplay today it has declared force majeure
- Iran aids Syria with tanker
TEHRAN is reportedly helping Damascus defy Western sanctions by providing a tanker to transport Syrian crude to China
- Carnival ship released
A CARNIVAL cruise ship has been released to sail to the Yucatan after being seized last week in Galveston
- Drydocks World move pressures its creditors
DRYDOCKS World said today it has filed for insolvency protection to encourage holdout creditors to sign on to its $2.2Bn restructuring proposal
- China's iron trading net adds Rio Tinto
RIO TINTO has joined fellow Australian miner Fortescue in the new China Beijing International Mining Exchange, China's first iron ore trading platform
|APRIL 2, 2012|
- Diesel Prices Fall for First Time in 10 Weeks
Diesel prices across the U.S. fell for the first time in 10 weeks in the week ending April 2, dropping...
- Freight Growth Sluggish, OECD Says
Global freight volume remains below pre-recession levels in the U.S. and Europe, but is showing strength in developing economies, according...
- Livingston Acquires JPMorgan Chase's Trade Business
Customs broker Livingston International has completed its acquisition of the customs and trade compliance services of JPMorgan Chase's Global Trade...
- ICTSI to Buy Stake in Karachi Terminal
Philippine terminal operator International Container Terminal Services is buying a minority stake in a terminal in Pakistan's largest port, Karachi....
- Trucking Demand Steady, Says FTR Associates
Warmer than typical winter weather helped hold demand for trucking steady in February, typically a slack month for motor carriers,...
- West Coast Container Volume Drops 4 Percent
Container volumes at West Coast ports declined 4 percent in February compared to the same month last year, due to...
- Amalfitano Named President of Evergreen's North American Agency
Roy Amalfitano has been named president of Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen...
- Echo Global Logistics Expands in Arizona
Echo Global Logistics is expanding its offices in Arizona to accommodate the addition of employees through the acquisition of Advantage...
- Trimac Acquires Stake in Fortress Trucking
Canadian bulk trucking giant Trimac acquired a 60 percent stake in Fortress Trucking for about $4.4 million, the $334 million...
- Evergreen Swings to 2011 Loss
Evergreen Marine swung to a $105 million net loss last year as weak rates plunged the company into red ink...
- US Factory Activity Expands
U.S. manufacturing expanded in March for the 32nd consecutive month, according to the Institute for Supply Management. The ISM's...
- Maersk to Boost Rates From Asia to US
Maersk has continued its global round of freight rate hikes by boosting levies on its services into the U.S. ...
- MOL Faces Unprecedented Challenges, Company President Says
Japanese shipping giant MOL believes the current cross-sector shipping recession is without historical precedent. Speaking Monday to mark the...
- Honda to Export US-Made SUVs Through Jacksonville
The Port of Jacksonville will handle exports of the new 2012 Honda CR-V that is being manufactured at the Honda...
- Dubai, Louisville Advance in Air Cargo Rankings
Dubai and Louisville were the major movers last year among the world's top 20 busiest international cargo airports, according to...
- Italy Reduces DSV Antitrust Fine
DSV said Italian trust busters reduced a fine related to the Danish trucking and logistics company's acquisition of ABX Logistics...
- China Shipping Posts $428 Million Loss
China Shipping Container Lines said weak rates and high fuel costs contributed to a net loss of 2.74 billion yuan...
- TNT Express: Weak European Economy, Pricing Pressure Hit Results
TNT Express, the Dutch parcel delivery company being taken over by UPS, said "mixed" economic conditions in Europe and slowing...
- February Container Imports Down 5.8 Percent
U.S. containerized imports declined 5.8 percent in February, the first year-over-year drop in four months, PIERS data show. Journal...
- Hamburg Lawmakers Approve Increased Hapag-Lloyd Stake
Hamburg lawmakers approved a $562 million investment in Hapag-Lloyd that makes the city state the biggest shareholder in the German...
- Hamburg's HHLA Eyes 5 Percent Box Growth in 2012
HHLA, Hamburg's biggest stevedore, said it expects to boost its container traffic by 5 percent in 2012 and take market...
- ILWU to ILA: 'We have your back'
When the president of the West Coast dockworkers' union pledged full support to the International Longshoremen's Association in this year's...
- Damaged Freight: Settling a Dispute at the Origin
Q: We made a shipment under free-on-board-origin, freight-prepaid terms to one of our customers, applying pricing from our customer's contract...
- CEVA Looks to a New Century
As multinational companies pursue global expansion strategies, their key 3PLs are expected to expand with them. 3PLs, in turn, must...
- 3PLs Build Platform for Growth
Economic uncertainty, natural disasters and fast-changing consumer markets are forcing third-party logistics providers to rethink their global expansion strategies. As...
- FedEx Freight Makes Profit a Priority
Delivering an annual profit this May is the top priority for FedEx Freight, which lost money in its fiscal third...
- Waterfront Commission Report Adds Fuel to ILA Fire
Stories of mob connections, excess staffing and $400,000-a-year dockworker pay at the New York-New Jersey port got a fresh airing...
- US Footwear Importers Walking Away From China
For the past decade, importers of footwear had a basic sourcing philosophy: China first, China only. Rising production costs and...
- Building Confidence in Europe
When Maersk Line shocked the maritime world in late March by suspending bookings in its North Europe-Asia service, it highlighted...
- Transportation Policy: Shooting for the Moon
Feb. 20 marked the 50th anniversary of John Glenn's launch into space and the three orbits he took around earth...
- Captive Shippers May Not Get Hoped-For STB Relief
Shippers challenging high rail rates will likely learn the only thing more enduring than railroads' pricing power is federal agencies'...
- Time Running Out in Congress for Highway Bill
Congress has a knack of making cynics into realists. Fears that the push for a transportation bill would dissolve into...
|APRIL 2, 2012|
- NOL aborts securities plan
Singapore-based NOL, which owns the liner shipping and logistics group, APL, has pulled a capital fund raising exercise less than a week since it was launched. ...
- SA's fruit export industry under threat
Justin Chadwick, chairman of Fruit South Africa (FSA), believes that the future of the country's fruit export industry is under threat. In an open conference letter, ...
- Ports of Auckland forced into climb-down
An amazing volte-face by the Ports of Auckland [PoA] management on Friday - just ahead of an Employment Court hearing - means that port workers will be allowed ...
- Taiwan trio fall down in 2011 finances
Taiwan's trio of main carriers - Evergreen, Yang Ming and Wan Hai - have followed other liner companies and have seen their finances slump for 2011.Evergreen's ...
- MOL: forecast of 'largest loss in history'
MOL president Koichi Muto took the opportunity on the 128th anniversary of the founding of the company to warn that the Japanese carrier is facing the 'largest ...
- Significant drop in inactive box tonnage
The inactive containership fleet has shrunk by 146,000 TEU over the past two weeks, representing a 20% decrease to 565,000 TEU, according to the latest inactive ...
- MOL to join ASA service to target China/South Africa market
Mitsui OSK Lines (MOL) is to join up with fellow Japanese liner services company K Line, and its partner Pacific International Lines (PIL) in a move that is designed ...
- PSA: we will continue to invest
Despite a challenging year just gone and an uncertain outlook for 2012, Singapore-headquartered port operator, PSA International's group ceo, Tan Chong Meng, has ...
- More action in Poland
ICTSI's subsidiary Baltic Container Terminal in Gdynia (Poland) has obtained a grant of PLN53.8 (USD17.3) million from the EU to subsidise part of its PLN153 (USD49.2) ...
|APRIL 2, 2012|
- Market mixed on tanker tips
Crystal ball cracks as Deutsche Bank warns investors against loading Easter basket with tanker stocks despite rate rally.
- Galbraiths inks alliance
UK shipbrokerage joins forces with Shiplinks in an attempt to cash in on burgeoning Indian chartering market.
- DeOrchis abandons ship
Montgomery McCracken denies talk that DeOrchis & Partners closed its doors after poaching New York firm's name partner.
- Winland dodges deficit
OTC-quoted bulker owner in the black and ready to pounce on distressed assets but liquidity is still a concern.
- Bharati wins debt deal
Domestic banks agree two-year repayment halt and will convert 10% of yard's loans to equity.
- Malta delists Iran-linked tanker
Suezmax accused of carrying Syrian oil is owned by company on US sanctions black-list.
- Volstad Maritime back again
Terje Arnesen-led shipbuilder gets its eighth newbuilding order from Norwegian shipowner and its second in as many months.
- CSCL parent doles out funds
Hong Kong-listed containership giant gets loan from its largest shareholder to ease liquidity woes.
- Navios buys NewLead ship
Angeliki Frangou-led owner mops up chartered handysize with the aid of a new syndicated loan.
- Concordia set to be refloated
Costly plan to remove tragic cruiseship makes salvage and repair a more likely option.
- Keppel wins Mexican rig deal
Singapore-listed powerhouse will build a fourth rig for Perforadora Central.
- MOL trims record loss tip
Japanese owner will still post worst result in its history despite president's slightly improved view.
- Yang Ming back in the red
Taiwanese container line endures tough loss-making year as revenue slips and costs jump.
- Siem extends seismic vessel
Terje Sorensen-led outfit to rake in $45m from charter of survey vessel to Fugro for six years.
- ITCM takes Clarksons duo
Alexandros Koutalianos-led broking shop swells S&P team with the capture of Costas Hardalis and Alex Doulakis.
- NOL pulls bond issue
Singapore liner company blames market uncertainties for decision to cancel fund raising exercise.
| - Ocean news||web site|
|APRIL 2, 2012|
- Zim loses $276 million in 2011
- India ports hampered by strikes
- TP Pulse: Asia-US rate increases in March stuck
- MOL braces for record loss
- Maersk/MSC raising Asia-Europe rates
- Agility focusing on commercial business
- Reps introduce waterways funding bill
- Logica secures $33m Aussie rail deal
- Livingston International secures new customs, trade services
- Thailand industry seeks better rail
|APRIL 2, 2012|
- Prices firmer in Fujairah
Prices in South African ports mainly lower on Monday.
- Prices lack direction in European Ports
Some congestion and tight barge schedules reported in Piraeus.
- March global bunker price overview
Intermediate fuel oil grades traded within tight ranges across most regions throughout March.
- Officials reiterate need for shore power at New York cruise terminal
With leadership changes at the Port Authority and a higher price tag 'it is critical this project not fall by the wayside,' says US Congresswoman.
- O.W. Bunker prepares for US market expansion
Aims to launch trading operation in Houston in May, with further plans to expand on the East and then West Coast.
- Kongsberg Maritime buys out Jotron Consultas
'Jotron Consultas' C-Loading software and Fleet Management Software in particular, are both a strategic match for Kongsberg Maritime,' says Executive VP.
- IFO prices largely up at major Asian ports
Avails of bunker fuels fine at key Asian ports on Monday.
- Swiss-based bunker trader expands with ARA office
Substantial growth for company as it opens new office in the Netherlands.
- Gelso M fuel removal operations successfully completed
Total of 387.14 cubic metres of gasoil and other fuels recovered from the vessel.
- Taiwanese shipping firms swing to losses
Evergreen and Yang Ming in the red for 2011 but Wan Hai manages to stay in the black.
- Singapore introduces 'mandatory enhanced bunkering course'
Part of efforts to enhance the professionalism and competency of its bunkering cargo officers.
- Rebound in Asia's box rates 'merely' recovering bunker costs
Higher rates recouping the ground lost as a result of rising bunker fuel prices, says OSK Research.
- Cosco International's bunker arm reduces 2011 sales
Sinfeng 'prudently operated' its business amid weak market conditions; initiates legal proceedings against a customer.
- China fuel oil imports up 7% on-month in March
Volume amounted to 2.9 million mt, up 180,000 mt from volumes delivered to China in February.