|JULY 3, 2012|
- ICTSI's box terminal in Manila takes delivery of cranes for Berth 6
- APL, 'K' Line, OOCL rated tops among American agricultural shippers
- Long Beach mulls incentive schemes to attract big ships, boost intermodal
- Hong Kong export value increases 5.2pc in May, import value up 4.6pc
- APMT to open Singapore HQ to handle south east Asian region in September
- Damco renews contract with online home retailer Shop Direct for two years
- Maersk's yet-to-be-built 18,000-TEUers win UN climate change award
- Hong Kong airport profit up 32pc to US$688 million on 15pc revenue rise
- New Oman Air CEO plans to accelerate cargo operations by end of 2012
- Belgium's ADB wins airfield lighting projects for three Omani airports
|JULY 2, 2012|
- CMA CGM commits to maintain BRAZEX service on South America East Coast-Caribbean trade
- Drewry, WCI endorse index-linked contracts
- Maersk, CMA CGM change westbound hub to Port Tangier on WestMed transatlantic service
- MOL completes worlds first hybrid car carrier
- MOL signs deals to build, charter 2 LNG carriers
- MSC to increase rates on Asia-South America East Coast lane from July 15
- Need to promote inland water transport, coastal shipping stressed
- Panama Canal delays imposing higher tolls
- Spot rates on Asia-Europe trade see sharp rise
- Urmila Project Services skillfully handles 930-t reactor at Mumbai Port
- APSEZ inks concession agreement to develop dry bulk terminal at Kandla Port
- Govt clarifies SEZ norms only for sea-routed cargo at Vallarpadam ICTTv
- Jayyannt Lapsiaa reappointed to MbPT Board
- VCT celebrates 9th year with blood donation camp
- Set our house in order first
|JULY 2, 2012|
- Turkish Airlines links Kyrgyzstan and Mongolia
Turkish Airlines has increased its Istanbul-Bishkek services from seven to ten a week, as it has secured traffic rights for an extra three weekly flights, which continue to Ulaan B...
- CMA CGM to maintain Brazex service
The CMA CGM Group has announced that its cooperation with Maersk Line on the Brazil Express service (Brazex) in the South America east coast-Caribbean trade will terminate by Octob...
- New direct DB Schenker wagon load links between Terneuzen and Rotterdam
DB Schenker now offers direct wagon load links between Terneuzen and Rotterdam Kijfhoek, linking up with B Logistics' wagon load network for destinations in Belgium and France. The...
- US truck driver turnover higher in Q1
Driver turnover at truckload fleets rose again in the first quarter, according to a report published by the American Trucking Associations (ATA), following a small rise in the fou...
- First freight aircraft stationed in Cochstedt
Germany's Magdeburg/Cochstedt airport, the only international commercial hub in the Saxony-Anhalt region, is focusing more on freight and logistics. The first milestone to this end...
- OOCL reshuffles management
Michael Kwok was promoted to OOCL chief operating officer on 1 July. He succeeded Andy Tung, who became the company's CEO. Kwok's previous tasks as director of trades have been ta...
- US transport ministry grant for Hunts Point terminal
The US department of transportation has granted the Hunts Point agricultural produce market in the Bronx USD 10 million to make railfreight improvements. The project is one of 47 i...
- Trade between Mexico and USA increasing
Surface trade between Mexico and the United States increased by 11% last year and has almost doubled since 2002, according to a report published by Armstrong & Associates, a su...
- EU approves restructuring aid for Air Malta
The European Commission has concluded that a EUR 130 million restructuring grant for the state-owned airline Air Malta is in line with EU state aid rules. The Commission found that...
- Augustin Quehenberger unifies activities under Quehenberger Logistics brand
The Augustin Quehenberger group, based in Strasswalchen near Salzburg (Austria), has unified all of its activities under the Quehenberger Logistics brand umbrella. The Augustin Ne...
- Rodi joins DSLV's steering committee
Dr Hansjörg Rodi, chairman of the board of Schenker Deutschland AG, was elected to the steering committee of the the German forwarding and logistics federation DSLV at its recent ...
|JULY 2, 2012|
- Saltchuk renames coastal tug and barge operations Foss Marine...
- BAE Systems Norfolk Ship Repair gets $19.4 million contract mod...
- Transcom awards contracts to U.S.-flag shipping operations
- CMA CGM to sell Le Ponant cruise operation to private equity...
- Sanko Steamship files for bankruptcy, names new President and...
- Concordia Maritime takes delivery of Suezmax from Samsung Heavy...
- Matson now separated from Alexander & Baldwin
- NOL to sell Singapore headquarters building
- Dockwise takes stake in Fairstar to 80.4%
|JULY 2, 2012|
- Marine Resources Group changing to Foss Marine Holdings
- Hybrid car carrier EMERALD ACE completed for Mitsui O.S.K. Lines
- NOL Group announces plans to sell headquarters building
- Alexander & Baldwin Holdings now listed as Matson, Inc.
- Diana Shipping inks charter for dry bulk vessel DIONE
|JULY 2, 2012|
- Competition, consolidation and the case of the missing Chinese
OECD shipbuilding talks target same old problems and offer no new solutions
- Japan happy with green-ship definition at OECD
Revised definition will be offered to the next shipbuilding working party meeting in the autumn
- If Beijing sneezes, France will catch a cold
Maritime planning in Paris will stand or fall on the resilience of China's economy
- VLGCs seek longer-term charters to lock in high earnings
Owners fear a continued slide in the spot rate will drag down the period market
- Naive to think PPPs are the answer to piracy, says DP World chief
Partnerships between private enterprise and the state need to be supported by short term solutions such as armed guards
- CMA CGM sells cruise arm La Compagnie du Ponant
French container giant follows rivals in ditching non-core assets
- Matson Navigation shares rise on first day of trading
Hawaii-based Jones Act boxline split from listed parent Alexander & Baldwin
- Angola LNG ships seek spot cargoes from Norway and Nigeria
Two vessels will achieve high rates as tonnage availability is tight
- Sanko bankruptcy could flood secondhand market with ships
Collapse will slow short-term sales activity as creditors assess the market
- Demolition rates stabilise below $400 per ldt
Settled prices may boost confidence among breakers and cash buyers
- Secondhand bulker becomes cheapest panamax afloat
Sale price for vintage vessel with damaged engine hits record low
- Safe Bulkers returns to JBIC for a loan
Credit worth $34m will be split between export finance bank and Citigroup
- Three KG funds file for bankruptcy
German owners fear fresh casualties from Commerzbank ship finance exit
- K Line to boost cash reserves as losses mount
Yet another carrier risks dilution to investors, issuing equity in a down market
- Japan nuclear restart worries LNG shipping
Restart is small, but concerns exist in the LNG industry that more are to come
- Kühne urges Hamburg Süd and Hapag-Lloyd to merge
Fresh progress unlikely for long-mooted proposal as Oetker holds out
- US puts the squeeze on Tanzania in Iran reflagging row
Dar es Salaam faces sanctions threat as Washington blocks Tehran oil sales
- US House passes legislation for ports security review
Gaps Act heads for Senate consideration
- Iran- are you exposed?
Sanctions investigations over business links with Tehran have shipping in their sights
- The west is still the best
China's model of state-backed shipping can only last as long as the country's state-run boom
- Box owners consider accreditation for reefer depots in wake of death blasts
Exploding reefers scandal prompts new measures to ensure safety of refrigerant gas
- Dockwise pays a high price to take 80.4% of Fairstar
Heavylift firm takeover 'a good thing', says Adkins
- NOL selling Singapore HQ in drive for cash
Company says it aims to 'release capital for strategic investment'
- Box trade threatened as Europe signals a further recession
Latest industrial news from Germany 'suggests that we shall see exports declining in the coming six months'
- Adani Ports to build dry bulk terminal at Kandla
Deal is worth $216m and construction will take 24 months
- Sanko files for receivership
Japanese operator calls it a day after mounting pressure from counterparties
- DB Schenker Rail to operate London Gateway freight trains
New port plans to operate the UK's largest rail freight terminal
- Brightoil Petroleum in $50m loan from China Development Bank
Credit comes on the condition that Hong Kong-listed company's chief executive and major shareholder keeps controlling share
- Excel breaches NYSE rules
Dry bulk giant has three months to boost stock price after breach of $1 rule
- FSL wins covenant reprieve from bankers
Two covenants eased for 12 months as Singapore shipping trust to halt dividend payouts for that period
|JULY 2, 2012|
- Saia Buys $12 Million Truck Brokerage Firm
Saia, a multi-regional less-than-truckload carrier, purchased Robart Companies, a truck freight broker and logistics services provider based in Duluth, Ga....
- Container Volumes Grow at West Coast Ports
Container volumes at West Coast ports increased 7 percent in May compared to May 2011, with imports up 8 percent...
- Iran Threatens to Disrupt Strait of Hormuz Traffic
Shippers and transportation providers could see their fuel prices spike if Iran makes good on a plan to block oil...
- UPS Freight to Hike Tariff Rates 5.9 Percent
UPS Freight will raise its less-than-truckload tariff pricing 5.9 percent on average July 16, joining other LTL carriers with general...
- NYK Plans to Boost Logistics Operations
NYK President Yasumi Kudo said the company plans to double sales from logistics operations in future as global vessel overcapacity...
- Report: US Soybean Exports to Help Drive Trade Up 95 Percent
U.S. exports of soybeans, coal and petroleum will drive the nation's trade to expand 95 percent by 2026, as global...
- Manufacturing Index Contracts in June
A widely followed gauge of U.S. manufacturing unexpectedly contracted in June for the first time in almost three years amid...
- Gotthard Tunnel Reopens After One-Month Closure
The Gotthard tunnel has re-opened almost a month after a landslide forced the closure of the main north-south route for...
- FedEx Speeds Up Fleet Upgrade, Buys 19 B-767s
FedEx plans to buy 19 Boeing 767-300 aircraft, as the parcel giant speeds up its fleet upgrades to offset volatile...
- Dockwise Adds to Stake in Fairstar
Dockwise, the Dutch heavy-lift operator, said it now controls 80.4 percent of the outstanding shares of takeover target Fairstar Heavy...
- Emory Economist Sees Slow Growth, Not Recession
The U.S. may be stuck in a period of slow growth, but its economy is not in imminent danger of...
- DHS Awards $97 Million in Port Security Grants
The Department of Homeland Security announced more than $97 million in port security grants for the 2012 fiscal year. ...
- Matson Begins Trading As Independent Company
Matson Inc. stock began trading on the New York Stock Exchange Monday after the ocean carrier and logistics company's separation...
- Global Air Cargo Dips 2.2 Percent
International air cargo traffic dipped 2.2 percent in May from a year ago and contracted 0.4 percent from April in...
- Europe's Import-Export Outlook Dims
Europe's recession will slow growth in containerized imports and exports through the continent's northern ports to about one-third the rate...
- Schenker to Operate Freight Trains From New UK Box Port
The London Gateway deep-sea container port and distribution hub will offer rail service across the U.K. on the day it...
- NOL to Sell Singapore Headquarters
NOL plans to sell its Singapore headquarters building as part of an ongoing cost-reduction and restructuring program that is producing...
- Hapag-Lloyd to Hike Rates on East Asia Services
Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding...
- Container Rate Indexing Grows at a Snail's Pace
Are long-term freight contracts reset periodically to reflect variations in spot rate indices the answer to rate volatility? A small,...
- Commentary: Be Wary of Salvage Deal
Q: We're a manufacturer of high-end kitchen appliances and face what I think is a very unusual situation regarding a...
- Better Planning Evens Out Air Cargo's Peaks, Valleys
Team Worldwide is struggling with visibility this summer. "For the first time in many years, we are somewhat at a...
- FedEx Freight Tweaks LTL Network
With its first annual profit since 2008 in the bank, FedEx Freight is moving to tighten its less-than-truckload network. The...
- LTL Carrier Holland to Hire 450 Drivers
Higher manufacturing output in the Midwest is translating to more trucking jobs. Less-than-truckload carrier Holland plans to hire 450...
- Trucking Capacity Reaches 'Tenuous' Equilibrium
For more than two years, shippers have braced for a hard crunch in truck capacity, a blow that seemed inevitable...
- Chassis Changes Prompt Fears of Congestion on the Docks
As ports prepare for a modest spike in cargo volumes during the peak shipping season, ocean carriers, marine terminals, railroads...
- Air Cargo Shippers Look to the Sea
You'd be hard pressed to find stronger evidence of the shift of freight transportation from air to sea than when...
- Commentary: Summer of Discontent
Just when you thought it was safe to get back in the water, the theme music from "Jaws" ramps up...
- IMO Pressed to Require Weighing of Containers
Container ship lines say it's not unusual for their cargoes' actual weights to be 3 to 7 percent higher than...
- Several Rate Indices Available
Shippers and carriers use several spot rate indices to benchmark their contracts. The Shanghai Shipping Exchange launched the first container...
|JULY 2, 2012|
- DB Schenker Rail commits to London Gateway
DB Schenker Rail has agreed to provide at least four block trains a day in and out of London Gateway container terminal when its first deep-water berth opens in ...
- MSC restricts North Europe/Asia bookings
MSC intends to restrict bookings on its Silk, Lion, Condor and Swan services from Northern Europe to the Middle East and Far East until week beginning July 9. The ...
- AfDB to help fund Togo-Burkina Faso highway corridor
The African Development Bank (AfDB) is to provide funding of USD175.66 million for the upgrade of 303km of highway connecting the port city of Lome in Togo and ...
- ERC signs contracts to boost its rail network
Ethiopian Railways Corporation (ERC) has signed construction contracts with Turkey-based Yapi Merkezi and China Communications Construction Company (CCCC) to build ...
- Idled boxships down to 2.37% of world fleet
- K Line projects Q1 and H1 net losses on back of plunging security prices
Japanese carrier K Line has forecast losses for its first quarter and first half of its fiscal year and a downgraded fiscal year net profit on the back of losses ...
- Madsen joins ICTSI
Hans-Ole Madsen, formerly vice president for business development in Africa, the Middle East and South Asia for APM Terminals (APM T) has joined Manila-based International ...
- NOL selling HQ to raise cash
Singapore's NOL Group intends to sell its 26-storey Alexandra Road headquarters to 'release capital for strategic investment' and shore-up its loss-making shipping ...
- MSC adds Jacksonville to US/C America string
MSC has revamped its liner service linking the south eastern part of the US with Central America by including direct calls at Jacksonville. The weekly service calls ...
|JULY 2, 2012|
- Stena in intra-Asia push
Stena Weco teams with palm oil titan Golden Agri-Resources with 10 to 15 ship fleet planned.
- Matsui out at Sanko
New boss Hisashi Asafuji to oversee restructuring, as Japanese owner says sorry.
- CMA CGM sells cruiseships
Bridgepoint fund snaps up luxury four-vessel fleet from French container line.
- Diana ship takes a cut
New panamax period charter agreed at less than half the previous hire rate.
- Seanergy re-fixes lower
Greek owner takes $18,000 per day cut as it re-charters handysize.
- Owner fined for discharge
Japan's CSL to pay $500,000 after covering up oil dumping from bulker in US.
- Sanko seeks court safety
Japanese owner succumbs to a lack of creditor support and files for court protection.
- Hapag "needs merger"
Shareholder Klaus-Michael Kuhne says Hamburg Sud would be "ideal" partner.
|JULY 2, 2012|
- Congress passes surface transport bill
The legislation's passage comes after Republican and Democratic negotiators used creative accounting within the federal budget to shore up a projected gap of several billion dollars in the Highway Trust Fund.
- USDA puts clarity into plant import process
- Cargotec snaps up Asciano
- Fargo adds road to container freight IT
- FedEx orders 19 more jets from Boeing
The order comes on top of an early FedEx annoumcement to buy 27 new B767s for delivery between fiscal 2014 and 2018. It also plans to purchase another 24 B777s to add to the 19 long-range B777 planes it operates today.
- Mistrial declared in ILWU president's Longview trial
- NOL selling Singapore headquarters building
About 500 people work in the NOL building, with the company saying a decision to relocate them or keep them in the existing building as a tenant will wait until a buyer is identified. NOL has retained the commercial real estate firm Jones Lang LaSalle.
- Matson starts trading as separate public company
- Harrison to lead Canadian Pacific
Canadian Pacific Railway named Hunter Harrison president, chief executive officer, and a member of its board of directors. Until Dec. 31, 2009, he had served as head of competing railroad Canadian National.
- DB Schenker, DP World in London Gateway rail deal
- APMT vet Madsen joins ICTSI
- CMA CGM to sell small cruise ship division
|JULY 2, 2012|
- Sharp gains in European bunker markets
'Double-digit' gains in many ports.
- Marine cylinder lubes: 'Conventional wisdom has changed'
Total Lubmarine reopens lube debate with warning of 'potential dangers'.
- Prices firm in Fujairah
Prices edge up in Fujairah but regional outlook mixed.
- Lower bunker bills help K-Line's bottom line
Cheaper bunkers help shipowner make a return to full-year profit
- NOL to sell Singapore base
Box operator preparing to sell its Singaporean HQ in bid to raise funds for strategic investments
- Sanko files for bankruptcy
Japan's fourth largest shipping firm has debts of $1.95 billion.
- Bunker prices firming in key Asian ports on Monday
No problems with avails.
- Independent non-executive directors change at Titan
Maria Tam Wai Chu retires as independent non-executive director of Titan.
- Brightoil secures $50 million loan from Chinese bank
Chairman and Executive Director Dr Sit Kwong Lam must remain as majority shareholder of Brightoil as part of loan agreement.
- Singapore-based bunkering firm boosts legal team
Gilbert Liu, a qualified Advocate & Solicitor in Singapore, joins United Bunkering & Trading.
- Sinopec Zhoushan bunker volumes up in May
Sinopec Zhoushan sold 280,000 mt in May, says company source.
- Tropical storm leaves Hong Kong, bunkering resumes
Weather 'mainly fine and hot with one or two isolated showers', says Hong Kong Observatory on Monday.