|MAY 4, 2012|
- Slack demand induces G6 Alliance drop plans to start Asia-Europe Loop 2
- Oman's Port of Salalah hits 30 million TEU mark with arrival of G6 service
- Hutchison earmarks US$100 million to expand Jakarta terminal
- Kerry Logistics acquires, rebrands Taiwan's Trust Speed Medicine Logistics
- Fitch upholds Port of Los Angeles' AA rating despite cargo leakage fears
- South Carolina wins CKYH Alliance calls to Charleston for new Asia service
- Aqaba Container Terminal: 'ACT smartest, safest way for Iraq containers'
- Russia's TransContainer first quarter profit up 150pc to US$43.79 million
- NY-NJ Port Authority offers real time indicator of transport sector
- Korea Air suffers US$2.55 billion operating loss despite 5.9pc sales boost
- UPS cargo pilots ask court for same FAA rest rights as passenger pilots
- TNT Express profits fall 34pc in Europe as Asia and Brazil make gains
|MAY 3, 2012|
- Ashte Logistics completes 3 successful years
- DB SCHENKER to transport German team's sports equipment to London Olympics
- Abandonment of Dabhol unloading work sparks jinx fears
- Dhamra Port sets all-India discharge record of 98,119 tonnes in 24 hours
- PLL & GPL sign term sheet for developing LNG terminal at Gangavaram Port in Andhra Pradesh
- Emirates voted Cargo Airline of the Year
- Higher freight rates fail to dampen Rlys
- Govt gives nod for casein exports
- Impose high duties to regulate agri exports: Fieo
- Report on sugar decontrol to be in place by July: PMEAC
- KMSDWA formed
|MAY 3, 2012|
- Air Canada to launch direct flights from Dublin to Toronto
Air Canada will resume its direct Dublin (Ireland) to Toronto again on 8 June to meet increased passenger traffic and seasonal demands. Commenting on behalf of IAM, cargo sales age...
- Union Pacific Railroad investing USD 4 million in Colorado infrastructure upgrades
The US rail service provider Union Pacific Railroad is enhancing the state of Colorado's transportation infrastructure by investing USD 4 million in the rail line that runs between...
- First quarter gains soften Asian cargo dip for Schiphol
Amsterdam Airport Schiphol' reported that its Q1/2012 total cargo throughput held up well, to end 3% below 2011 at 358,220 t, despite continuing shortfalls in its top two markets o...
- HHLA and DB restructure intermodal shareholdings
The German service providers Hamburger Hafen und Logistik AG (HHLA) and Deutsche Bahn (DB) are rearranging the shareholdings in their companies which provide railbound container tr...
- Japanese trucking industry spearheaded Tsunami relief efforts
Addressing the IRU Goods Transport Council, Shuji Fukumoto, the secretary general of the Japan Trucking Association (JTA), portrayed the vital role played by trucks after the devas...
- German Olympic Sports Confederation names DB Schenker as official team partner for London
At the presentation of the official uniforms for the German teams at the 2012 Olympic and Paralympics' Summer Games in London, the German Olympic Sports Confederation (DOSB) honour...
- Norbert Dentressangle faring well
The French transport and logistics company Norbert Dentressangle has announced revenues of EUR 957 million in Q1/2012, a 28% increase compared to EUR 750 million in the same period...
- Ceva launches Iberian control tower in Spain
Ceva Logistics, a leading global supply chain management company, has officially opened its control tower in Alcobendas, near Madrid (Spain). The control tower is an innovative and...
- US-based Atlas expanding fleet
The US road haulage company Atlas has launched its new shuttle fleet and plans to fill more than 100 driving jobs by June 2012. The haulier is offering sign-on bonuses and several ...
- Iata appoints regional vice-president for Mena region
The International Air Transport Association (Iata) has appointed Hussein Dabbas as regional vice-president for the Middle East and North Africa (Mena), with effect from 1 June. Dab...
- CMA CGM's reaction to situation in Egypt
The French container shipping company CMA CGM is following events in Egypt with great concern. The carrier has set up an emergency and communication response team to check the situ...
- City of Hamburg names Hapag-Lloyd's supervisory board chairman
On 2 May, the mayor of the city of Hamburg (Germany) announced that Juergen Weber, the long-standing supervisory-board chairman of the airline Deutsche Lufthansa, was appointed cha...
- Technical problems cause interruptions at port of Hamburg
The German port service provider HHLA reported that there was a prolonged and more serious technical problem in the automatic truck handling sector at its Container Terminal Burcha...
- New president elected for Germany's railway industry association
The steering committee of the German Railway Industry Association (VDB) elected Michael Clausecker as its new president on 25 April. He succeeded Dr Klaus Baur, who has retired. Cl...
|MAY 3, 2012|
- MAN Diesel & Turbo gives workhorse a make-over
- Max Sparre to retire as VP and GM at Bollinger Texas City after...
- Sanco Shipping declares option for second seismic vessel from...
- Lamprell books $227 million jack-up contract
- Genmar set to emerge from bankruptcy
- Port of LA to reward shipowners who cut emissions
- Hornbeck Offshore reports first quarter results
- Alu Marine Shipyard delivers pilot boat to Seine pilots
- Braemar Technical Services names Graeme Temple Far East Regional...
|MAY 3, 2012|
- Corps holding Seattle meeting to discuss Elliott Bay Seawall plans
- Port of Seattle slates events to celebrate marina anniversary
- Federal Maritime Commission boss presents Earth Day honor to Nike
- Port of Vancouver, USA celebrates US maiden voyage call of K. NEPTUNE
- Port of Portland schedules airport noise committee meeting
|MAY 3, 2012|
- Seafarers cynical about management safety pledges
Study reveals gap between rhetoric and reality
- In their own words
Seafarers react to company claims
- No end in sight for the great shipping recession
Continuing financial crisis means short-term prospects remain bleak
- US seaborne crude oil demand continues to slide
The economy is struggling, unemployment is rising and drivers are switching to economical small cars
- US turns up the heat on thermal coal exports
Boost for bulkers as cheap domestic natural gas frees coal cargoes for sale overseas
- Australia pushes forward with LNG export programme
Woodside's production start at Pluto and gaining investment in Browse heralds progress for Australian LNG
- Japan leads secondhand sales of modern vessels
Average age of Greek ships sold for further trading is more than double the Japanese average of 10 years
- Asian charterers snap up VLCCs for Atlantic loadings
Busy spot market fixes more than 10 tankers
- Germany presses Italy to conclude Costa Concordia investigation
Exclusive interview: Minister to tackle 'political issue' of cruise safety
- Allure of US Gulf product trade tips region into 'severe' oversupply
US Gulf-Europe backhaul trade sees earnings slide as competition among ships intensifies
- Deiulemar Compagnia declared bankrupt
Judge rejects Italian shipowner's restructuring plan
- James Fisher chairman Tim Harris to retire
Rice to take helm at maritime services group in July
- Diana Shipping sees profits shrink
Dip in time charter rates drives net profit down by two-fifths
- Evergreen newbuildings face financing glitch
Order expected to proceed despite purchase option doubts
- Hannover Re to pay out $118m for Costa Concordia casualty
Reinsurer faces its 'biggest marine loss' ever
- Handymax trio sale deepens Scorpio Tankers' loss
Company eyes 'modern, high-quality' product tankers
- India releases Enrica Lexie
Aframax tanker impounded in Kerala after fatal shooting
- Hamburg shipping firms eye cheap acquisitions
Marenave and HCI Hammonia look to new opportunities
- Mermaid Maritime wins $14m contracts to provide subsea services
TTA subsidiary makes inroads into Middle East
- Gifted Greeks
Country's owners should be grateful that their favourable tax regime endures
- Falklands delegation to visit 'oil and gas city' Aberdeen
Islanders hope to build energy sector expertise with Scottish visit
- Balancing act
Only by managing capacity very carefully will carriers have any chance of making sure that recent price rises stick
- Ningbo's box and cargo volumes rise
China's second-largest port complex continues rapid expansion
- FSL Trust secures second Petrobras charter
Three-year deal signed at $14,000 per day
- Taiwan Navigation improves quarterly profit
Revenues grow 43% year on year
- Quarter of offshore staff are unhappy at work
Poll shows that industry must invest in training and nurturing staff
- CSCL gives up on options to buy four boxships
Decision not to add 10,000 teu vessels to fleet follows heavy losses
- Anchorage emerges as 32% shareholder in DHT
Rights issue elicits only 58% interest in tanker company
- Cosco Singapore to build $200m submersible
Cotemar order to be delivered in 2014
- UK signs up to Singapore-based ReCAAP
Move reflects 'strong interest in the regional maritime economy'
|MAY 3, 2012|
- US 'preventing piracy convention'
THE US government is "turning a blind eye to the Somalis because they are looked upon as tactical allies against Al Qaeda," believes Clay Maitland, managing partner of International Registries Inc, which manages the Marshall Islands Ship Register
- Scorpio trumps forecasts
NYSE-listed Scorpio Tankers today reported much lower losses than expected as refinery closures caused a shift in trade patterns
- China, Japan deeply cut Iran oil imports
IMPORTS of Iranian crude to China fell by 54.1% in March from a year earlier, while such imports to Japan dropped by 63-64% in April, IHS World Markets Energy reported today
- Navios prices offering
ANGELIKI Frangou-led drybulk owner Navios Partners today priced its follow-on sale of 4M common units at a better-than-average discount
- GPPL profits plummet
APM TERMINALS-owned Gujarat Pipavav Port said today year-on-year net profits dropped 48% from the first quarter last year
- Germany's HCI Hammonia falls to losses
LISTED German box shipowner HCI Hammonia Shipping's net results for the last financial year fell €5M ($6.58M) from the previous year's profits
- Finance reformation seen
SHIPPING financing is undergoing its biggest transformation in decades as sector stakeholders seek new approaches, according to a new study published today
- Brake braces for steel surge
GERMANY'S port of Brake is bracing for a surge in export steel with today's inauguration of a terminal expansion
- Box sector credibility lags
SECRECY is harming the box sector's credibility to the public, according to a frank new report from Maersk Line
- FSL, Petrobras close charter deal
SINGAPORE'S First Ship Lease Trust said today its MR products tanker FSL Hamburg has been chartered to oil company Petrobras for $14,000 per day for three years
- India importers to cut Iran oil by 15%
INDIA'S top two importers of crude from Iran reportedly plan to cut these cargoes at least 15% this financial year
- JV to operate Sydney Ferries
THE NEW South Wales government today said a new JV has been awarded the right to operate Sydney Ferries
- US coal buoys Panamaxes
RISING US coal exports are helping to strengthened Panamax bulkers, with rates recovering from a May Day blip earlier this week
- VLCCs set mark - but gain little
VLCC fixing has hit a record high, with more than two dozen ships fixed yesterda
- Agribusiness boost seen for Noble
SINGAPORE-listed commodity trader and shipowner Noble was forecasted posting $112M in profits when it announces its 1Q12 result on 10 May, CIMB Securities said today
|MAY 3, 2012|
- Army Corps OKs Jacksonville's 'Mile Point' Project
The U.S. Army Corps of Engineers signed off on its Chief of Engineer's Report on the Jacksonville Harbor Navigational Study,...
- Intermodal Rail Volume Rises 5.5 Percent
U.S. intermodal rail shipments in the week ending April 28 jumped 5.5 percent year-over-year and 1.3 percent from the previous...
- Proxy Advisory Firm Endorses Activist Investor Slate, Castigates CP
A proxy advisory services firm castigated Canadian Pacific for "an enduring failure of board leadership" in its endorsement of the...
- LA Port Adopts Clean-Air Program for Ships
The Port of Los Angeles on Thursday adopted a clean-air program for vessels that is projected to significantly reduce harmful...
- Asia-Europe Spot Container Rates Jump
Average spot rates on the westbound Asia-Europe trade spiked 19 percent on May 3, an increase of $629 per 40-foot...
- Tighter Vehicle Efficiency Rules Would Cut $57 Billion From HTF
Proposed federal rules that would tighten fuel economy standards for cars, trucks and SUVs would strip the Highway Trust Fund...
- YRC Worldwide Narrows Loss to $48.8 Million
Troubled trucking giant YRC Worldwide narrowed its first quarter operating loss from a year ago while expanding revenue on an...
- Roadrunner Transportation Revenue Races to $237 Million
Roadrunner Transportation Systems increased its profit 70.5 percent in the first quarter to $7.9 million as revenue rose 38.2 percent...
- APL Sets Congestion Fee at Aden Port
Singapore-based container carrier APL imposed a port congestion surcharge on all shipments from Asia and the Middle East to Aden,...
- Drayage Strike Continues at Port Klang, Malaysia
A strike by truck drivers at Malaysia's key gateway of Port Klang continued Thursday, preventing drayage movement of containers in...
- Kuehne + Nagel Opens LCL Hub in Shanghai
Kuehne+ Nagel has opened a new less-than-containerload gateway in Shanghai. The Swiss forwarder said it is offering 28 fixed-day,...
- Investors Positive on G6 Decision Not to Add Loop
Asian investors reacted positively Thursday to the news that the G6 Alliance will not reinstate one of its seven Asia-Europe...
|MAY 3, 2012|
- Pirates going down: three years later
Kenyan magistrates have found 11 Somali pirates that were caught-in-the-act and apprehended by a warship operating under the command of the EU Naval Force in May ...
- ZIM seeks another postponement of ULCS newbuilds
Market intelligence reports suggest that Israeli ocean carrier ZIM Line is endeavouring to further defer the receiving of a series of eight 12,550TEU containerships, ...
- Taiwan's trio sink into deeper net losses for Q1
Taiwan's top three carriers are feeling more financial pain as their Q1 12 results reveal larger losses. While Evergreen's revenue of USD133 million represented ...
- DP World 'expands and greens' its Melbourne operations
The phasing in of a series of new straddle carriers which feature dual diesel electric propulsion systems and enhanced container-handling abilities will reduce ...
- BTI clarifies ocean carrier dilemma
BoxTradeIntelligence's latest report on tradelane profitability clarifies that ocean carriers' bottom line financial result from Asia to Europe in Q1 12 was still ...
- Salalah suffers 2011 shortfall
The port of Salalah, Oman, suffered its second successive year of declining container traffic in 2011 with the 3.2 million TEU handled down just over 8% on 2010's ...
- Eurozone jobless growth threatens peak season
There are now more than 17 million eurozone citizens looking for a job, with even the hitherto stronger states such as Germany beginning to fall into an austerity-driven ...
- Aden shutdown
Container-handling activity at the Yemen port of Aden is at a standstill and reportedly has been so for more than a week as unions stand-out for a pay claim and ...
|MAY 3, 2012|
- DSX quest continues
CEO says Diana Shipping is ready to tap cash reserves following profitable first quarter as it prepares to pounce on bulkers
- Genmar nears final chapter
Judge prepares to unshackle Peter Georgiopoulos-led owner from chains of Chapter 11 as it lines up sale of ageing tanker.
- Deiulemar Compagnia flatlines
Ailing Italian operator declared bankrupt after losing intense battle to relieve pressure linked to $1.12bn debt load
- Navios closes in on war chest
JP Morgan says owner will have the fuel to fund raid on five capes or eight panamaxes when dust settles on $70m offering.
- Courage exits cape arena
Asian bulker owner says cash from demolition deal will aid future campaign to add tonnage to dwindling dry arsenal.
- Al Qaeda cruiseship alert
Documents found on terror suspect reveal organisation's plans to target passenger vessels.
- Atlantico Sul in big loss
Brazilian shipbuilder's 2011 deficit outstrips revenue despite 29-ship orderbook.
- HHI feels margin pain
Korean shipbuilder's first quarter earnings weighed down by less orders for high value ships.
- Eyal Ofer: banks powerless
Zodiac chief rules out more bankruptcies in "dark and terrible period" because lenders can't afford to sell off ships cheaply.
- Scorpio takes a hit
Emanuele Lauro-led tanker owner hit by a loss after offloading tanker trio.
- Thomson in the mire
Passengers sue after "holiday from hell" on UK cruiseship, including allegations of faeces in kids' pool.
- One more for Petrobras
Singapore-listed owner bags three-year deal for FSL Hamburg with Brazilian company.
- Aeolos in supreme court win
Judges find in favour of owner of Greek VLCC overturning charter ruling for Petrobras.
- Fire erupts in bulker hold
Canadian firefighters take two hours to extinguish blaze on Algoma Discovery at Hamilton.
- TMM hit by stronger peso
Currency swings against US-listed diversified owner in the first quarter.
- Aker Phil's tanker hope
US shipbuilder says buyers' interest increasing for products carriers it is building on spec.
- Nordlake leaves India
German boxship heading for Singapore after 15-month detention following warship collision.
|MAY 3, 2012|
- Panalpina, RedPrairie enter partnership
- Brooks to retire from AA Cargo
- NS starts building Charlotte intermodal hub
- China Shipping passes on ship option
- Hyundai, 'K' Line, NYK, and PIL leave MOL's CSW
- Study: Many midsized firms risk export violations
- OECD says freight volumes could quadruple by 2050
- Solar industry forms global trade group
- Kenco, Hermes offer retail logistics service
- Diana earnings lifted by expanded fleet
|MAY 3, 2012|
- GL releases new requirements for scrubbers
Updates to its rules include addressing system layout, safety concept, materials, and handling of noxious process substances.
- Losses in key north European ports
Reports say most Rotterdam suppliers fully booked till May 8.
- Prices fall in Fujairah
NYMEX showing losses of more than $2 in early trading.
- Share of fuels exceeding 3.50% sulphur limit slightly up
Latest sulphur update from DNVPS shows 2.7% of commercial HSFO samples it tested may be non-compliant with MARPOL Annex VI.
- New trader joins Dan-Bunkering's head office
Yong Geng will be a part of the Chinese team.
- Singapore fuel oil stocks stable
Demand remained steady amid heavy arbitrage arrivals during the week ended May 2, 2012.
- Bunker prices falling in key Asian ports
Markets soften in Singapore, Hong Kong and Busan.
- Vopak LNG in feasibility study for LNG terminal at Estonia
Study will include prospects for LNG bunkering.
- Noble Group establishes bunker subsidiaries
Bunker units formed in Panama and Rotterdam in line with the group's expansion strategy.
- WFS shares fall on 'weaker-than-expected' Q1 revenues
Shares fall as much as 12% on Wednesday even as the company reported generally higher Q1 results.
- China fuel oil stocks up 3% on week
Fuel oil volume in China amounted to 3.1 million mt in the week ending May 2.
- Governments should adopt 'common road map' on emissions
Different emission limits set by different geographical locations 'biggest challenge' faced by the shipping industry, says BIMCO.