|APRIL 4, 2012|
- Tanker rates for refinery products steady
Tanker rates for refined petroleum products on top export routes were steady on Monday, with modest sailings helping to support the long-range Middle East market.
- 100 years of improving ship safety
IT is of course ironic that in the run-up to the 100th anniversary of the sinking of the Titanic, there have been three serious large passenger ship casualties.
|APRIL 4, 2012|
- Maersk to raise Asia to US east and west coasts rates from May 1
- Fitch gloomy about prospects of global shipping in short- and mid-term
- Ports of Auckland reverses self on sacking dockers, re-instates them
- Maersk considers US$83 million investment in Egypt's Port Said
- Tibet opens first expressway, to spend US$1.5 billion on roads in 2012
- US dredging tax like getting 'McDonalds to build bigger Burger Kings'
- European Shippers Council demands change in air cargo surcharge practices
- Dubai Airport cargo up 6.5pc bolstering hopes of 2012 global recovery
- Atlas Air Worldwide Holdings starts B767 operations for DHL Express
|APRIL 4, 2012|
- A. S. Shipping handles heavy project cargo at Chennai Port
- Cochin Port handles 12 pc more cargo in 2011-12
- JN Port handles record 65.75 million tonnes, 4.32 million TEUs in 2011-12
- MbPT re-introduces popular Amnesty Scheme
- Paradip Port loses in cargo handling, gains in operational parameters
- VPT handles 67.41 mt in 2011-12, maintains second position
- Arshiya Rail launches container train service from north India to Cochin Port
- Cannot compensate anti-GST states endlessly: Govt
- Exporters will have to pay SAD in cash for claiming refunds
- Exports grow at three-month low in February
- Long dry spell to hamper tea output
- RBI extends ceiling rate on overseas export credit till Sept.
- MACCIA's ex-im training programme on April 9, 10
|APRIL 3, 2012|
- Poland's railway market: investment focussing on fleet upgrade and more infrastructure
Poland's railway technology market is worth EUR 2.4 billion, making it the largest among the new EU member states. A new study entitled "The Polish Railway Market" predicts that th...
- MOL enhances Asia-South Africa service network
The Japanese carrier Mitsui O.S.K. Lines Ltd (MOL) is upgrading its Asia-South Africa network by joining K Line's and PIL's ASA service that plies between Central China, Taiwan and...
- MacAndrews calling at Dunkirk on weekly basis
The maritime door-to-door operator MacAndrews, a subsidiary of the French CMA CGM Group, will offer a call at the French port of Dunkirk every week on its route to Portugal, with e...
- Geis grew 2011 turnover to EUR 750 million
Geis, an international logistics service provider based in Bad Neustadt near Nuremberg (Germany), boosted its turnover to a new record level of EUR 750.5 million in the last busine...
- Yangtze River Express selects Paris-Vatry as European gateway
Yangtze River Express, a China-based cargo carrier, has selected Paris-Vatry airport (France) as the company's gateway for trade between Europe and Western Asia. From today (3 Apri...
- Air New Zealand ships rally cars from London via Los Angeles to Auckland
Air New Zealand Cargo recently shipped the rally cars of Alister McRae, the reigning Asia Pacific champion, and those of his Swedish team mate Per Gunnar Andersson, from London to ...
- Quick response by AirBridgeCargo and Panalpina ensures timely arrival of open air cinema
Russia's AirBridgeCargo Airlines (ABC) recently delivered outsize steel structures to Japan to construct an open air cinema for the Okinawa International Movie F...
- Russian Railways and Serbian Railways cooperating
Russian Railways and Serbian Railways have signed a general agreement worth USD 920 million to implement railway transport projects in Serbia. The two companies have agreed to cons...
- Streck and Erka now collaborating
The Swiss service provider Streck Transport AG, based in Möhlin, and the Stuttgart (Germany)-headquartered forwarding company Erka Internationale Spedition, have started an allianc...
- Bibby Distribution in UK expands its fleet
Bibby Distribution in UK has expanded its fleet with ten new commercial vehicles built by MAN. Some 90% of Bibby's 800-strong truck fleet is now comprised of MAN units. Bibby Distr...
- DSV gives information about antitrust proceedings in Italy
The Danish transport and logistics group DSV said that the Italian authorities imposed an administrative fine of EUR 23.6 million on DSV's Italian subsidiary Saima Avandero SpA in ...
- Agility back on a good track
The global logistics provider Agility announced its Q4 and full year financial results for 2011. The Q4/2011 net profit came to KWD 3.5 million (EUR 9.4 million), an increase of 11...
|APRIL 3, 2012|
- Vancouver Shipyards to be awarded more NSPS vessels
- Lower Columbia River to get three Regional Response Vessels
- Canada to invest C$101 million to restore and upgrade Esquimalt...
- Brazil's EAS starts sea trials of first Transpetro Suezmax
- Sovcomflot picks MAN duel fuel engines for LNG newbuilds
|APRIL 3, 2012|
- Port of Port Angeles files suit against Peninsula Plywood Mill, LLC
- Trailer Bridge closes book on Chapter 11 proceedings
- Environmental contest underway on CSX Corporation Facebook page
- Corps announces completion of Port of Seattle munitions search
- OOCL inks 40-year deal for Port of Long Beach terminal
|APRIL 3, 2012|
- Costa Concordia to be refloated in one piece
Two firms bid for removal contract
- 'No sense' in chartering post-panamax bulkers
High bunker costs make traditional tonnage the more attractive option
- Fuel-efficient panamaxes steal a march on older bulkers
Vessels built in the last four years dominate spot market fixture lists
- Baltic Sea aframax rates boosted by north European port congestion
Rotterdam is worst affected and with ice premium still applicable, earnings are rising
- NEL to sell ships as losses soar
Greek operator to axe charters and cut pay
- North America braces for ECA
Global shipping could face chaos in August
- Owners braced for higher fuel bills
Heidmar prepared to spend $3.7m extra a year and even more in future
- Off-spec bunkering disputes will rise
Blending at 1% target falls foul of Marpol standards
- Third and final state approves Elbe dredging
Environmentalists are likely to challenge planning approval for deepening the river at Germany's highest administrative court in Leipzig
- Court blocks Enrica Lexie release
High Court tells owners to apply to Kollom magistrates
- Bunker chokepoint: Pacific Northwest
Transpacific trades face supply bottlenecks
- Maersk to super-slow steam on five Europe-Asia containership loops
Transit times will increase by a week but five more vessels to be absorbed into services
- Low US product demand supports record export volumes
High prices hit domestic consumption and see oil products exported to emerging economies
- Excel eyes equity offering
Pact with banks defers first $24m instalment to 2013
- A tsunami of scrapping
Cash buyers point to capacity and financing challenges ahead
- Appeal court clarifies Norwegian Saleform 1993 provision
Ship sale created issues in relation to documents to be provided on delivery
- Marco Polo Chapter 11 hearing postponed
Banks and borrower must agree a reorganisation plan by April 12
- Svitzer crews vote for Liverpool strike
Dispute after company sacks tug workers, claiming they were drunk at work
- Rotterdam reports 10% net income growth
Port increases rental revenue and harbour dues
- Indian miners call for cut in export tax
Duty at 30% hurts economy, claim miners
- China Ocean Shipbuilding trims its 2011 losses
Hong Kong-listed yard settles disputes over defective deliveries
- PMSCs not licensed to use floating armouries
Legality of 12 'flotels' called into question
- German co-operatives seek to mollify Brussels
Lay-ups planned to stabilise the market
- JBIC posts record level of ship financing
Japanese export credit agency boosts support for domestic yards
- Trailer Bridge emerges from Chapter 11 protection
Seacor holds three board seats, to help company 'return to profit'
- Moody's rates DP World credit as Baa3
Solid operational and financial results show emerging markets' importance to profitability, says ratings agency
- Slow and green
Letting economic factors create environmental improvements remains one of the best ways of greening shipping
- Malta register expels 'sanctions-busting' tanker
Other Iranian vessels face deregistration
- Grim outlook for north Europe box volumes has 'signs of life'
Global Port Tracker forecasts 3% growth in deepsea container imports and export growth close to 5%
- ACM rebuilds sale and purchase team
Bulow appointed head of department
|APRIL 3, 2012|
- MOL predicts record losses
JAPAN's MOL is projecting losses of $329M for FY11, which would be the biggest loss in the shipping line's 128-year history
- Trailer Bridge emerges
JONES ACT carrier Trailer Bridge has emerged from bankruptcy with fresh financing from its new majority shareholders
- EC approves Älvsborg terminal takeover
THE EC has cleared the takeover of the Älvsborg ro-ro terminal at Gothenburg by the DFDS Lines ferry group and Luxembourg's terminal operator, C.RO Ports
- Chartering JV set up
A TANKER-CHARTERING venture has been set up by London-based Galbraith's and the Delhi company Shiplinks
- Panama workers return
WORKERS at Balboa and Cristobal in Panama have returned to work after a three-day strike and plan to discuss pay and benefits today with PPC
- Ship's release puzzling
MYSTERY today surrounds the release of an Iranian bulker that had been hijacked by pirates off the Maldives
- Ghost ship poses peril
A TRAWLER swept from Japan by the tsunami is posing a threat to US commercial shipping
- FSRU boom predicted
UP TO 40 floating storage and regasification unit projects are likely to be awarded by 2015, a Pareto weekly report has predicted
- Pulp ship safe after fire
A FIRE aboard a shortsea single-decker at Hamburg's Buss Hansa general cargo terminal was brought under control last night, almost 12 hours after it erupted
- Iranians reportedly retake bulker
IRANIAN commandos reportedly stormed a bulker that had been hijacked by pirates off the Maldives, EU NAVFOR told Fairplay
|APRIL 3, 2012|
- Schneider National Terminal Hit by Tornado
A Schneider National truck terminal is among the properties damaged by one of at least two tornadoes that ripped through...
- House Bill Would Cut Excise Tax, Raise Diesel Tax
A bill introduced in Congress Tuesday would eliminate the excise tax on heavy trucks and trailers and replace that revenue...
- Strong March Auto Sales Drive Railroad Shipments
A surge of U.S. auto sales in March helped boost railroad shipments of motor vehicles and equipment nearly 19 percent...
- Tornadoes Touch Down Near Dallas
Tornados tore through the Dallas area this afternoon, throwing tractor-trailers into the air and grounding planes at Dallas-Fort Worth International...
- CSX Adding 380 to Employment Rolls in Three States
CSX Transportation is hiring roughly 380 workers in Alabama, Maryland and Tennessee, the latest sign of the railroad industry's strong...
- OOCL, Long Beach Sign 40-Year Lease
Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container...
- Agility Reports $97 Million Profit for 2011
Global logistics provider Agility increased its net profit 8 percent in 2011 to approximately $97 million, despite a drop in...
- Quality Distribution Expands Fracking Business
Tank truck operator Quality Distribution purchased Trojan Vacuum Services, drilling deeper into the hydraulic fracturing or "fracking" energy market. ...
- Panama Canal Locks Lag Schedule, But Project Date Will Be Met
The construction of the new third set of locks at the Panama Canal is behind schedule by seven months, but...
- Trailer Bridge Emerges From Bankruptcy
Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court's approval last month. Trailer Bridge operates...
- Rate Hikes Stick, But Carrier Profits Shaky, Drewry Says
Ocean carriers succeeded in raising freight rates on the headhaul legs of the Asia-Europe and trans-Pacific trades in the last...
- Global Air Cargo Traffic Climbed 5.1 Percent in February
International air freight traffic grew 5.1 percent February from a year ago, but the outlook for cargo remains fragile, the...
- OOCL Seeks Second Rate Hike on Asia-Europe Services
OOCL is joining other major container ship operators in seeking a second general rate increase this year on Asia-Europe services....
- Lufthansa Could Ditch Freighter Fleet Over Frankfurt Ban
Lufthansa Cargo may sell its entire freighter fleet if a court upholds a ban on night flights at Frankfurt airport,...
- Hopes Dim for Surface Bill This Year
Time appears to be up for the passage of surface transportation bill this year. Although the House has...
|APRIL 3, 2012|
- The proliferation of the forwarder in liner shipping
With each set of results posted, there is more evidence of a growing disconnect between the fortunes of ocean carriers, who are fast spiralling towards the cumulative ...
- Bareli: 300 boxes recovered
According to the latest report from Klaveness, the Norwegian managers of the 3,100 TEU stricken Bareli, a total of 300 tonnes of heavy fuel oil has been pumped ...
- ZIM sets up new procurement department
ZIM Line appears to be making good progress in its restructuring plan that could ultimately lead to the company being split into two and for which the Israeli Government's ...
- Agility's mixed bag
Kuwait City-headquartered Agility, which is one of the world's leading logistics groups, has announced significant falls in revenue and operating income, but an ...
- OOCL sign Middle Harbor lease in 'historic agreement'
OOCL's planned lease for the US West Coast Port of Long Beach's (LB) Middle Harbor has been made concrete after the carrier and LB held a signing ceremony for a ...
- Brazil's 2011 box boom
According to data recently published by Brazil's national waterways transport agency, Agencia Nacional de Transportes Aquaviarios [ANTAQ] 2011 was a record year ...
- A chance to have your say: join the North America sentiment panel
Containerisation International's second North America survey has launched and is looking for more shippers and freight forwarders in this area to join the panel, ...
- Spain tops the eurozone jobless league at 24%
The Spain is taking most of the pain of the eurozone with its jobless rate in February recorded at 23.6% [Greece is second at 21%] it also had by far the most unemployed ...
- Panama Canal hits records in FY 2011
The Panama Canal Authority (ACP) posted a number of records in its 2011 fiscal year (FY) which ended September 30, 2011. This was triggered by continuing growth ...
|APRIL 3, 2012|
- Wells weighs in on Excel pact
Wells Fargo analysts voices concerns about cost and lack of visibility surrounding Gabriel Panayotides-linked lifeline.
- USCG targets drunk masters
NSB Niederelbe containership collared by port inspectors as US Coast Guard cracks down on intoxicated masters.
- Excel seals debt deal
US-listed bulker owner averts crisis after overhauling $1.4bn loan facility as chairman rides to the rescue with $20m injection.
- Shih Wei nets less
Taiwanese bulker owner's revenue up and costs down in 2011, but investment returns fall.
- Eglantine set free
Iranian forces reportedly storm bulker hijacked in the Indian Ocean at the end of last month.
- Glory gone after second try
Persistence pays off for Japan's Yamamaru Kisen as it sells 1990s handysize.
- Bulow takes ACM S&P crown
Former Seascope man is given the task of rebuilding AIM listed-broker's sale-and-purchase desk.
- Hanjin eyes speedy recovery
Korean giant says second quarter numbers could change from red to black after rate hikes.
- Overcapacity bouts ahead
Drewry's says carriers are failing to grasp severity of downturn with recovery only in phase one.
- K Line does quick deal
Japanese owner finds domestic buyer for handymax before end of its financial year.
- NS United takes charter hit
Shinwa Kaiun and Nippon Steel Shipping joint venture returns bulker early at a cost of $33m.
- Pareto backs FSRU progress
Limited orderbook and an increase in project awards this year bode well for the market and Golar and Hoegh in particular.
- Tour stopped at Suez
Iran-linked vessel carrying Syrian crude held in Egypt over non-payment of canal fees.
- GasLog $310m to the good
Peter Livanos-led owner reveals size of its IPO purse as its shares settle at a "fair value".
| - Ocean news||web site|
|APRIL 3, 2012|
- Austerity measures hit North Europe ports
- Drewry: Liner industry yet to turn the corner
- Echo Global expands across Arizona
- Globe Express Services launches Italian venture
- CII seeks Connie nominations
- Trailer Bridge leaves Chapter 11 protection
- Taiwan lines suffer losses in 2011
- Hapag and Hanjin boost Med-Montreal capacity
- Evergreen (America) taps Amalfitano as president
- Zim launches new procurement organization
|APRIL 3, 2012|
- Staatsolie closed for Easter holiday
Business will resume on Tuesday, March 10 respectively.
- Middle East bunker prices continue upward move
Suez and South African ports not following trend in Fujairah.
- Prices firm in Rotterdam
Quiet market in Hamburg while Piraeus sees more activity.
- Planned Baltic LNG terminal could serve shipping
Major new terminal proposed by Finnish company could be ready to offer LNG for shipping by end of 2015.
- OOCL announces freight rate increase and 'fuel participation' surcharge
Fuel surcharge to cover rising bunker costs.
- Shippers expected to pass ECA costs to consumers
North American ECA could cost the shipping industry $3.2 billion in 2020, and $18 per container, according to EPA estimates.
- DNVPS announces new staff appointments
DNV Petroleum Services hires three new customer service managers and a technical adviser.
- Dual-fuel engines for Russian LPG newbuilds
The first vessel is expected to commence commercial operation in the fourth quarter of 2013.
- Prices up at Asian bunkering hubs
Barge tightness in Hong Kong and bad weather affecting deliveries in Toyko Bay, say regional players.
- Tanker earnings soar despite surging bunker costs
Oil supply risks keep spot rates elevated even as overall fundamentals remain generally weak, says analyst.
- MOL seeks to 'relentlessly' cut costs
MOL President urges the company to 'exercise ingenuity in trimming costs and coming up with fresh ideas.'
- US shipping firm emerges from bankruptcy
The exit from Chapter 11 proceedings 'marks the beginning of a new era' for Trailer Bridge, says CEOs.
- Athens-listed refiner profits up on higher output, oil price
Motor Oil (Hellas) notes a 38% increase in prices of 3.50% sulphur limit fuel oil in 2011.
- Chimbusco posts 44.3% lower profits in 2011
Chimbusco 'praised' for significant contributions to parent firm Cosco Group.
- Cruise newbuild to get energy efficient systems
Systems will optimise fuel consumption for TUI Cruises's first newbuild vessel, says ABB.
- Singapore-listed group charters bunker tankers
Secures seven and three year bareboat charter agreements for two bunker tankers worth a total of $17.4 million.
- Titan to analyse default on notes
Engages consultant to carry out a 'realisation analysis' which will be provided to holders of its fixed-rate senior notes.