|SEPTEMBER 3, 2012|
- Maersk sees 'significant' rate hike November 1, major layups to follow
- Shanghai index Asia-Europe rate falls 7.8pc to $1,324/TEU, GRIs slip
- OOCL to levy Asia-New Zealand US$300/TEU rate increase from October 1
- Abu Dhabi opens Khalifa box port to refocus economy away from oil base
- Rickmers adds Nagoya, Japan, to its Round-the-World Pearl String service
- ILA-management standoff sparks fear of retail supply chain disruption
- South China's Hainan province posts 16pc more foreign trade value
- Costamare buys old ship for near scrap prices, charters it to Evergreen
- Goodman, CPPIB boost investment in China partnership to US$1 billion
- Malaysia-Vietnam LCL service launched by DHL Global Forwarding
- China's beverage spirit lobby calls for action against EU wine dumping
- Lack of third runway at Heathrow 'harms' economy, says MP Aviation group
- Air China outlines big plans for Inner Mongolia as it opens in Hohhot
- World passenger volume rises, but India's keeps falling, down 9.93pc
|AUGUST 31, 2012|
- Capt. Sunil Thapar selected as SCI CMD
- CELware Logistics offers a new age of warehousing
- Dempo acquires Modest Shipyard
- Emirates Shipping's 3rd Asia-ME loop
- Govt to decide on Irano Hind Shipping Co.
- MSC India holds seminar on sustainable ports & shipping in Vadodara
- TSA's low-sulphur fuel surcharge from Oct. 1
- World biggest box maker optimistic of recovery after profit slump in H1
- Govt imposes 1 pc additional duty on fertiliser imports
- Marine exports projected to grow over 28 pc
- Panel concerned over re-export of cheap tea
- Relax curbs on coconut oil exports: Nafed
- Steel imports surge as capacity addition lags
- Cabinet approves transfer of 111 hectares of Port Trust land
- Forex reserves up $1.3 bn
- Indian economy growing faster than China
- Infrastructure project delays cost 52,446 cr.
- INR ends marginally weak at 55.53
- New CEA hopes to get economy back on track
- ACHAA organises health check-up camp at ACC
- Taxing times
- Denholm Global Logistics moves 15,000 freight tonnes of project cargo from China to Brazil
- Nagoya, Japan joins Rickmers Round-the-World Pearl String Service
- Scheuerle SPMTs see action on high mountain ground in Swiss Alps
|AUGUST 31, 2012|
- Emirates deploys larger aircraft to Newcastle but postpones Erbil service increase
The carrier Emirates is set to deploy larger aircraft on its flights between Dubai (UAE) and Newcastle (northern England) from tomorrow (1 September). The changeover from Airbus A3...
- Korean Air to increase cargo capacity on Incheon-Vladivostok route
Starting tomorrow (1 September), Korean Air will operate a B777-200ER instead of B737-900ER on its Seoul Incheon - Vladivostok (Russia) route. By using a wide-body aircraft, the ca...
- Denholm Global Logistics transports project cargo from China to Brazil
Denholm Global Logistics, the Worldwide Project Consortium (WWPC) member for the UK, recently shipped the latest installment of an ongoing project for Siemens Metals Technologies ...
- Volvo now producing I-Shift in North America
The Volvo Group now produces its I-Shift automated transmission in North America. The company has invested USD 8 million in the powertrain facility in Hagerstown MD (USA). The inve...
- Britton Transport expands through acquisition in North Dakota
Britton Transport has acquired Scott's Express and Scott's Transportation Services, located in Grand Forks, ND (USA). Scott's is a nationwide trucking and truck brokerage company, ...
- EBRD: EUR 46.4 million loan upgrade part of pan-European rail corridor VIII
The FYR Macedonian rail network ' which is mainly divided into two corridors - needs an upgrade on a 30 km stretch of track from Kumanovo to Beljakovce. The European Bank for Recon...
- Switzerland: support for intermodal service providers after Gotthard closure
The Gotthard railway in Switzerland had to be closed for four weeks in early summer due to a major rock fall. This led to loss of earnings and/or more costs for companies that oper...
- ACI 2011 World Airport Traffic Report confirms weakened cargo traffic
The director general of ACI World, Angela Gittens recently announced the publication of ACI's 2011 World Annual Traffic Report, based on data from over 1,500 airports in over 150 c...
- Damco: new global head for industrial vertical activities
Damco, part of the Danish A.P. Moller- Maersk group, appointed Steve Hoffman as global head for the industrial vertical, effective 1 August. Hoffman, who is responsible for develop...
- Schneckenreither extends company headquarters in Austria
The Austrian forwarding company Schneckenreither has extended its headquarters in Ansfelden, near Linz, by the addition of a state-of-the-art logistics centre. Around EUR 2.25 mill...
- Toll Group: revenue up, profits down in 2011/12 financial year
The Australian logistics service provider Toll Group has released its annual results for the 2011/12 financial year. Revenue for the year ending 30 June 2012 came to AUD 8.7 billi...
- DSV Road Ltd joins Green Freight Europe
DSV Road Limited has joined Green Freight Europe to further help reduce CO2 emissions from road transport. Green Freight Europe is a new, voluntary initiative promoting cooperation...
|AUGUST 31, 2012|
- Keels laid for AGOR research vessels
- McDermott orders pipelay vessel at Spanish shipyard
- Cape Town shipyard busy with Scarabeo 3 upgrades
- AIDA newbuilds to use laser emissions monitoring
|AUGUST 31, 2012|
- Amway opens new plant at Port of Quincy location
- Rail freight traffic count up/down during week
- Customs and Border Protection returning to normal Gulf operations
- Inchcape warns of rate hikes at ports throughout Argentina
- Panama Canal Board of Directors tap Benítez as deputy administrator
|AUGUST 31, 2012|
- Denial, what denial?
Shipping industry on the couch
- No hand-outs for German shipping
Owners, investors and banks are responsible for ordering gamble that failed
- Silly season drags on
Plans for an airport in the Thames and a barrage outside Bristol simply will not fly
- Two cheers for Russian WTO entry
Shipping will benefit even if China-style boom proves elusive
- Short-term European box prospects soften
The eurozone crisis will dampen continent's imports this year
- Sami criticised for not considering PMSC history
Questions raised over thoroughness of certification process
- German shipping must consolidate to survive
Blunt message from maritime co-ordinator as industry seeks to solve its plight
- Vale sells off converted VLCC ore carriers to Polaris
Vessels to be chartered back to the Brazilian iron ore miner
- Fiscal year losses narrow for Evergreen but deepen for Yang Ming
Both companies build their cash positions
- Nordic Shipholding warns that it could go bust
Company needs equity injection or further moratorium by March
- Good to know, hard to find out
Europe's recession exposes some home truths about boxes
- Deepsea car trades offer bright spot for shipping
Norwegian Car Carriers expects PCTC charter rates to improve moderately this year and next
- U-Ming widens first-half operating loss to $4m
Capesize glut hurts Taiwanese dry bulk player
- Twin storms in China only cause mild rise for capesizes
Spot market boosted by typhoon but the panicked Australian fixture flurry has peaked
- IRISL ships return to Iran flag
Five vessels removed from Sierra Leone register
- Rotterdam's success has left local communities out in the cold
Chamber of commerce urges councils to invest in port-related activities
- Capital gains flatter Exmar interims
Net financial result remains a loss
- HSH Nordbank posts $88m half-year profit
Deteriorating shipping climate will increase risk provision, says ship finance giant
- Boxship orders forecast to equal 20% of fleet by year-end
Macro Report foresees total of 316,000 teu in new orders this year and 1.1m teu in 2013
- CSSC Holdings first-half profits fall 63%
China state-owned yard's fortunes reflect shipping industry woes
- Höegh goes back to black in second quarter
Firm secures finance for FSRU vessel
- Good shipowners frozen out of credit markets
EXCLUSIVE: Lack of liquidity affecting daily operations, warns ship finance expert
- Universal Shipbuilding and IHI unit to merge in October
Combined assets create Japan Marine United with ¥25bn in capital
- DSME profits fall 46% in second quarter
One-off charge linked to Romania venture weighs down results
|AUGUST 31, 2012|
- New Orleans reopens
A BACKLOG of vessels today began moving in and out of the New Orleans port, which began digging out after Hurricane Isaac
- Höegh LNG plans spin-off
NORWAY'S Höegh LNG said today it plans to spin off its floating LNG assets and liabilities to a fully owned Bermuda subsidiary
- PTTEP unit fined for biggest spill in Australia
PTTEP of Thailand's Australian subsidiary was fined today after pleading guilty to four charges relating to Australia's largest oil spill, IHS World Markets Energy reported
- 21st Century Shipbuilding liquidating in Korea
SOUTH Korea's 21st Century Shipbuilding is being liquidated after it failed to win new orders and boost cashflow
- Bankruptcy, equity loss threaten Nordic Shipholding
NORDIC Shipholding today warned that bankruptcy is feared if it cannot solve financial problems caused by a continued weak product tanker market
- Miami surveyor sentenced
CLASS surveyor Alejandro Gonzalez has been sentenced to 21 months in prison and a year of supervised release for falsely certifying vessels
- Zambia picks Trafigura in $500M tanker deal
ZAMBIA today reportedly awarded a $500M contract to Trafigura for tanker transport of fuel to Africa's top copper producer for one year
- Prospects hailed for Singapore's shipyards
PROSPECTS for Singapore yards Keppel Corp and Sembcorp Marine remain bullish even though PETROBRAS contracts will take a breather, a sector analyst said today
- DOF plans $120M bond issue
NORWAY'S DOF offshore service vessel operator said it plans to raise 700M kroner ($120M) by issuing unsecured seven-year bonds
- CSSC Holdings profits fall 63% for 1H
CHINA State Shipbuilding's subsidiary CSSC Holdings reported a 63% year on year drop in profits attributable to shareholders for 1H
- Goldenport takes hit but sees growth prospects
GREECE'S Goldenport Holdings has suspended dividends after an impairment charge took it deep into the red in 1H12
- Shin Yang profits fall 41%
MALAYSIAN shipowner and builder Shin Yang Shipping said today net profits dived 41% year on year for the year ended 30 June
- Cashflow woes hit Bumi
FINANCIAL concerns have hit Indonesia's biggest steam coal producer, Bumi Resources
- Supramax rates stabilising
SUPRAMAX rates are stabilising on coal movements, brokers said today
- BPI fall reaches week 6
THE BALTIC Panamax Index has dropped for six straight weeks, losing 30 points to average 758 yesterday
|AUGUST 31, 2012|
- WTSA Sets Low-Sulfur Fuel Surcharge Component
Shipping lines that carry U.S. exports to Asia will add a new component to their bunker fuel surcharges to reflect...
- ILA Talks Stalled With a Month to Go
The International Longshoremen's Association formally asked United States Maritime Alliance for a final contract offer, but USMX Chairman/CEO James Capo...
- HSH Nordbank Profit Sinks on Shipping Slump
HSH Nordbank's first half net income plunged to 70 million euros ($88 million) from 338 million euros ($426 million) a...
- Virginia Prepares for Possible ILA Strike
The Virginia Port Authority said it and the VPA's operating company, Virginia International Terminals, have begun preparing the Hampton Roads...
- Unifeeder Acquires Feederlink
Denmark's Unifeeder has acquired Rotterdam-based Feederlink Shipping from Irish Continental Group in a $36 million deal that accelerates the consolidation...
- Goldenport Posts Loss As Ship Values Decline
Goldenport plunged deep into the red in the first half as it wrote down the book value of its containerships...
- Landstar Downgrades Quarterly Forecast
Landstar System on Thursday lowered its double-digit growth expectations for the third quarter to a mid-single-digit range, a potential sign...
- ABF to Fight $750 Million Teamsters Lawsuit Dismissal
ABF Freight System will again appeal a $750 million lawsuit against the Teamsters union and various YRC Worldwide subsidiaries, after...
- US Gulf Ports Reopen After Isaac
Ports along the central Gulf of Mexico have reopened after sustaining what officials said was minimal damage from Hurricane Isaac's...
- Commentary: Industry, Not Government, Drives Truck Safety
Anne Ferro, administrator of the Federal Motor Carrier Safety Administration, in early August shared with the audience at the PeopleNet...
- Shipping Rate, Surcharge Update for Week of Aug. 27-31
OOCL will bump up rates on its Asia-Europe services next month. As part of the Hong Kong-based line's revenue restoration program,...
- MSC Flaminia 'Safe' for English Channel Passage
The fire-damaged container ship MSC Flaminia has been declared safe for passage through the English Channel but is awaiting approvals...
- Mideast Ports Still Dealing With Ramadan Congestion
Ports in the Middle East are still suffering congestion after the surge in imports during Ramadan and the Eid al...
- Panama Canal's Aleman Passes the Torch
It can be said of few people that they have changed the shape of global commerce and shipping. Without doubt,...
- Rebuilding Brazil, One Brick at a Time
Brazil may be the high-profile "B" in the "BRIC" bloc of emerging nations, but South America's largest country still ranks...
- Commentary: Strike Force
With a single sentence - "It looks like we're going to have a strike" - International Longshoremen's Association President Harold...
- Commentary: Beyond Sept. 30
In one respect, the breakdown of International Longshoremen's Association contract negotiations was a surprise. In another, it wasn't. Yes,...
- Shanghai Container Index Declines
Spot rates from Shanghai to North Europe, North America and the Mediterranean dropped this week, indicating a weakening market, according...
- DHL Expands India LCL Service Network
DHL Global Forwarding has launched two new less-than-containerload services linking India's largest container port, Nhava Sheva (Jawaharlal Nehru), with Sweden...
- Jerry Bridges to Leave Port of Virginia
The tenure of Jerry A. Bridges as executive director of the Virginia Port Authority will end Oct. 31, the VPA...
|AUGUST 31, 2012|
- CI 'links-in' with 3,500
Containerisation International's LinkedIn site has grown to a membership of 3,500 and is fast becoming the 'site of choice' for networking and debate within the ...
- Turkon Line UK reaches first decade with 'vintage' celebrations
Felixstowe, UK-based Turkon Line recently celebrated its 10th anniversary in some style with a long night on the tiles at a local hostelry, giving ample time to ...
- Tauranga benefits from Auckland's misfortunes
New Zealand's North Island port of Tauranga has gained at rival Auckland's expense handling a record number of containers in fiscal year 2011-12, which ended June ...
- Much needed carrier profitability in 2012 still in doubt
Coscon's and CSCL's H1 12 results announced yesterday confirmed that ocean carriers still have a long way to go to end the year in profit. As shown in the table, ...
- CMHI acquires 50% stake in West Africa terminal
China Merchants Holdings International (CMHI) has continued with its strategy of investing in emerging markets by obtaining a 50% stake in a new container terminal ...
- China warns against EU austerity overkill
With its exports to Europe in sharp decline Chinese premier, Wen Jiabao has expressed 'deep alarm' at the escalating eurozone crisis and warned against an 'austerity ...
- Singamas' profits sharply lower
Singamas Container Holdings, which is the second of the main container manufacturers to announce its results, has also reported a sharp downturn in the demand for ...
|AUGUST 31, 2012|
- Lower Miss reopens after Isaac
- Transpetro gives EAS time
Brazilian shipyard Estaleiro Atlantico Sul (EAS) has won a stay of execution in its battle to hold on to a big newbuilding order.
- Dof hunts Oslo cash
Helge Mogster's Dof is looking to tap the Norwegian bond market for funds.
- Marenave makes more
Germany's Marenave says it has bucked the trend among rival owners of chartered-out tonnage by pushing up first half earnings.
- Better quarter for Attica
Greek ferry owner Attica Holdings managed to trim its second quarter deficit despite seeing falling revenue.
- Vale offloads 10 VLOCs
Vale has sold 10 of its very large ore carriers to South Korea's Polaris Shipping in a $600m deal.
- Solvang stronger
Norwegian gas carrier owner Solvang has trebled its first half earnings as revenue jumped.
- Minoan cuts loss
Minoan Lines of Greece has cut its first half deficit after withdrawing from a loss-making route to Venice.
- Drink blamed
A watch officer has been fined for falling asleep drunk on a cargoship that then grounded off Germany.
- Princess "innocent"
Princess Cruises has unveiled new evidence that shows it did not fail to rescue three adrift fishermen, two of whom died of thirst, as alleged.
- An unwanted guest
The US Coast Guard (USCG) has criticised an NYK car carrier's security after a trespasser was found in the captain's cabin.
- HSH facing more losses
German shipping lender HSH Nordbank is preparing for more loan loss provisions as the sector's crisis continues.
- NOCC stays red
Norwegian Car Carriers managed to trim its losses in the second quarter thanks to the addition of two new vessels.
- Clock ticks at Nordic
Denmark's Nordic Shipholding, the products tanker operation spun off from Nordic Tankers, has warned it could go bankrupt if new funds are not in place by the end of next March.
- Dynacom feels price rise
Greek owner sheds mid-90s built VL in a deal offering a rare bit of good news for asset values.
- Yang Ming loss grows
Soaring costs have pushed Taiwan's Yang Ming to a bigger first-half loss.
- Fleet value hurts LSC
Tanker owner Latvian Shipping Company (LSC) has suffered more losses from fleet-value impairments, but its first-half operating result was stronger.
- Write downs hurt Dragnis
Goldenport Holdings has slumped to an interim loss of $51.3m as it was forced to write-down the value of its fleet.
- Hear no evil
We take a look at what was said in the market over the past week.
- Centurion cargo raided
The pirate gang that hijacked the Restis-controlled tanker Energy Centurion off West Africa managed to steal 3,000-tonnes of gasoil before releasing it on Thursday.
- Evergreen turns red
Taiwanese container line Evergreen has posted a big reversal in fortunes for the first half as investment losses took their tool.
- Hoegh LNG sneaks profit
Oslo-listed Hoegh LNG has moved into profit in the second quarter of 2012 helped to a large degree by higher revenues.
- Atlantic back in the black
Atlantic Offshore has returned to the black in the second quarter of 2012 after managing to halve its costs.
|AUGUST 31, 2012|
- NYK plans huge surcharge if ILA strikes
The Japanese container line is planning a $1,000 surcharge for North American bound shipments from Asia, India and Australia to compensate for disruptions if ILA dockworkers strike at the end of September.
- Rail strike in Antwerp
- Port of New Orleans terminals reopening
Gulf port reopens for business today after minimal damage from Hurricane Isaac earlier this week, with New Orleans port director lauding Army Corps of Engineers, pilots, and Coast Guard for their efforts
- Southern California longshore clerks continue negotiations
Clerks at the ports of Los Angeles and Long Beach continue to discuss a new contract with employers, partially alleviating concerns earlier this week that they could picket and induce a wider ILWU work stoppage
- DB Schenker integrates more client systems
- IAG Cargo pairs with CSafe for temperature-controlled containers
- CargoWise expands further into China
- ALK expands PC*MILER to load and rate boards
- Jerry Bridges to leave Virginia Port Authority
- U.S. trade chief Kirk to visit Vietnam
- U.S. ag exports to reach $143.5 billion in 2013
|AUGUST 31, 2012|
- Week ends with mixed prices
Trading was slow on the US Gulf, according to a local player.
- Adoption of LNG as a marine fuel to depend on pricing
'The obstacles to the adoption of LNG as a marine fuel are practical factors, but they are not technical. They are commercial.'
- Minister wants government funding for 'clean technologies'
'What we need now is rapid action,' says Finland's transport minister.
- Bunket prices soften in Fujairah
Suez prices see little movement.
- Bunker prices firm across Europe
Weak demand in Hamburg and Gibraltar.
- Lender struggles with 'worsening shipping crisis'
Nordbank taking 'heavy strain' as shipping markets deteriorate.
- Researchers raise prospect of Australian ECA
Data shows 'surprising' levels of ship generated pollution in Australian region.
- Banks back moves for fuel-efficient fleet
Efficiency 'a key factor is securing finance for new-builds'.
- China Cosco deepens H1 losses
Dry bulk rates remain low while bunker costs stayed high during the period.
- Week ends with Asian markets firming
Supplies of bunker fuels were fine at key Asian ports on Friday.
- Greek shipping firm slips into the red
Voyage expenses surge on increased fuel prices, says Goldenport.
- Odfjell files demerger plan for Singapore terminal
Plans to transfer its 50% stake in OOTS to a newly-established company.
- Miami-based surveyor jailed for lying to Coast Guard
Inspectors found exhaust and bunker fuel 'pouring' into engine room of vessel falsely certified as safe.
- Oslo-listed firm offloads 1988-built vessel
NOCC plans to use sales proceeds to acquire modern and fuel efficient large car carriers.
- Arrested cruise vessel leaves Dublin
MV Princess Danae released after owner and supplier reach agreement over bunker bill.