|JULY 4, 2012|
- Hapag-Lloyd increases Far East-India rates, and North Asia-Oz US$300/TEU
- Chongqing's international cargo volume up 19.7pc in first five months
- Hapag-Lloyd's big shareholder Kuehne proposes merger with Hamburg Sud
- Wan Hai sees 2nd quarter profit on strong transpac, falling oil prices
- Oakland enjoys May gain of 4.9pc to 203,446 TEU, first in 3 months
- China's container throughput growth to lead the world again this year
- World Shipping Council condemns US government rate index scheme
- HKGCC sees next CEPA step fostering cross-border service cooperation
- Tianjin forges closer cooperation ties with Yellow River coastal region
- Malaysia's PTP to buy 8 quay cranes, 32 RTGs to meet needs of megaships
- US, Canada, Mexico surface trade value up 8.2pc to US$79.9 billion
- Cristal e-College receives Japanese approval for seafarer education scheme
- New shipping public relations firm specialises in crisis communications
- Philippine Airlines faces strike, 2,600 layoffs expected in outsourcing
- Hunger striking Air India pilots demand exclusive Dreamliner training
- Hong Kong named world's busiest air cargo airport in latest top 10 ranking
|JULY 3, 2012|
- AADA to reduce bunker surcharge from July 28
- MANSA membership crosses 100, now totals 104
- Olympics barge service may become regular box service on Thames
- Report warns of difficult times for European forwarders
- T.S. Lines forays back into Far East-India trade with China India Express (CIX) service
- GMB's ports & shipping conference deliberates on all the relevant issues
- High Court stays TAMP order reducing tariff of JN Port's terminals
- Hind Terminals CFS launches ambulance service
- Service tax on rail freight postponed
- Commerce Ministry suggests withdrawal of MEP for Basmati
- Exports dip 4.16 pc in May
- Govt may amend MSME definition
- INR touches 54.86 on sustained capital inflows
- Planning Commission pegs infra bill at 65 lakh cr. in 12th Plan
|JULY 3, 2012|
- Le Havre welcomes large WWL ship
The "Parsifal", one of the largest ro-ro ships in Wallenius Wilhemsen Logistics' fleet, recently called at the ro-ro terminal in the port of Le Havre (France). The ...
- New joint venture for hauling rail freight in transit between China and Europe
A new joint venture named YuXinOu (Chongqing) Logistics Co Ltd has been established to transport railfreight in transit between China and Europe. YuXinOu Logistics Co Ltd, which is...
- The 2012 call for Marco Polo project proposals is open
The EU has announced that the 2012 call for Marco Polo project proposals is now open. The available budget for the 2012 call is EUR 64.6 million. Special environmentally-friendly ...
- UK Pall-Ex plans to expands to France
Pall-Ex freight distribution network has announced plans to launch a network in France by the end of 2012. The company already has a French partner in place and will operate ...
- ICAO and industry develop new tools to counter future volcanic ash events
The International Volcanic Ash Task Force (IVATF), a special multidisciplinary group established by the International Civil Aviation Organization (ICAO) in response to the Eyjafjal...
- Kenya Airways and Afreximbank sign fleet financing agreement
Kenya Airways Ltd announced that its board of directors has approved the award of the mandate to arrange financing for the purchase of nine new Boeing B787-800s, one Boeing B777-30...
- APM Terminals opening new regional headquarters in Singapore
APM Terminals is to expand its presence in the Asia-Pacific market by opening a new regional headquarters office in Singapore, thereby allowing the Shanghai office to concentrate o...
- New chairman for port of Quebec
Serge Lebel, the interim chairman of the Quebec port authority (APQ), has announced the board of directors' decision to appoint éric Dupont as the new port chairman and Claude Rous...
- Monika Ribar elected to Swiss International Air Lines' board of directors
Panalpina's CEO Monika Ribar was elected to the board of directors of Swiss International Air Lines at the company's annual general meeting on 28 June. She succeeds Walter Bosch. T...
- 70% lower CO2 emissions now also for medium and long distance transport
The German trailer manufacturer Kögel has developed a trailer model called CNG that raises the range of gas-powered trucks from the current 300 - 500 km to more than 1,000 km, and ...
- AsstrA improving intermodal links between EU, CIS and Asia
The Polish company Sped Kampania, an experienced rail transportation forwarder, joined AsstrA in Warsaw recently, a month after merging with the Swiss logistics provider AsstrA. Ac...
|JULY 3, 2012|
- Fairhaven Shipyard to pay $175,000 penalty for Clean Water Act...
- Deltamarin wins contract for 28,000 dwt version of fuel...
- Silver Ships to build oil spill service boats for Saudi...
- NPS ferry is first dedicated Great Lakes vessel fitted with BWT...
- Hyundai Heavy Industries books $1.2 billion order for ten...
|JULY 3, 2012|
- Grand Alliance vessel call celebrated at Tacoma's Washington United Terminals
- TSA expanding Precheck program at Portland International Airport
- Horizon Lines vessels earn CSA safety recognition
- Port of Olympia director upgrades Environmental Programs Department
- Vancouver Fraser Port Authority names Turner to second director term
|JULY 3, 2012|
- Yangzijiang gets $150m loan from CDB
Credit is backed by shares owned by chairman Ren Yuanlin
- Rongsheng under pressure to complete buyout of Quanchai Group
Institutional investors urge China's largest private yard to act as regulatory deadline looms
- Berlian Laju Tanker gets a three-month reprieve from creditors
Embattled tanker owner vows to fight on with restructuring process amid mounting pressure
- Is a side letter legally enforceable?
Court of Appeal gives guidance on a useful commercial tool
- Brightoil reveals China oil-trading ambitions
Outsized plans rest on a well-honed strategy that spreads its risk at home and abroad
- Dry bulk FFA volumes fall to weakest reported levels
Total lots traded has fallen since the financial crisis first hit
- Panamax bulker half year spot rates average four-digit figure for first time since crisis hit
Newbuilding deliveries, eurozone uncertainty and China's slowing economy combine with summer season to create dire earnings
- Raising capital allows K Line to hold its ground, but at a risk
Shipping group hopes for better times ahead as fuel prices fall
- NYK pins its hopes on logistics
Japan giant to expand warehousing and freight-forwarding businesses
- Got it taped?
Latest twist in Costa Concordia probe highlights why black boxes matter
- Opportunistic suezmaxes nab Mediterranean aframax cargoes
Baltic Sea spot rates to fall as Primorsk closes for maintenance
- Costa Cruises denies black box glitch that could hinder Concordia probe
Reports claim voyage data recorder was out of service when ship ran aground
- Garden thoughts of a snail
Arriving at a definition of market distorting behaviour takes time
- Offshore market and retrofit lift German component makers
New orders expected to pick up in 2012
- Stena Weco forms joint venture for shipping plantation owner's palm oil
Fleet to be set up of 10 to 15 ships in the 5,000 dwt-25,000 dwt range
- Glimmers of hope for container lines as rates hikes stick
Shippers must brace themselves to pay more for transport in 2013, says Drewry
- Thoresen Shipping buys supramax to back expansion
Dry bulk operator bucks the trend adding tonnage in a down cycle
- Sanko Steamship files for court protection in US
Matsui steps down as Japanese shipowner turns to Chapter 15 to protect its assets
- Iran renews threat to shut the Strait of Hormuz
MPs back draft bill to block Arab oil shipments to pro-sanctions states
- Evergreen backs down gracefully
Plans for 13,800 teu ships are now on track, after weeks of back-room jostling
- Arsenault donates $1m to Investing in Somalia
Piracy cost $7bn worldwide last year and shipping bore the brunt of the costs
- Flinders Ports buys up full ownership of Adelaide Container Terminal
DP World South Australia sells its 60% stake for an undisclosed sum
- Seanergy free float triggers Nasdaq notice
Dry bulk owner has 180 days to comply with minimum $5m rule
- Evergreen seals 10-boxship deal with Enesel
EXCLUSIVE DATA: 10 things you need to know about ultra-large boxships
- Maersk Line and APL land big wins for US military contracts
Worldwide shipments to be completed by August 2013
|JULY 3, 2012|
- Hapag-Lloyd seeking new rate rise
IMPORTERS could be facing further box rate increases in the Asia/Europe westbound trade next month, as Hapag-Lloyd said it would seek more rises
- Breakers set mark, despite weak prices
DESPITE still-soft scrap prices, a record 29 ships have been sent to breakers, brokers told Fairplay today
- Croatia plans own LNG terminal on Krk
CROATIA will open its own LNG terminal in the northern Adriatic by 2016, according to reports published today
- Marine supplier sales climb
GERMANY's shipbuilding and offshore technology suppliers today hailed a recovery in sales, following the 2009-10 downturn
- Thoresen boosts fleet
THORESEN Shipping Singapore said today it has bought a secondhand Supramax bulker as part of a push to increase its fleet
- VLCC rates set new '12 low
VLCC RATES have fallen to a new 2012 low, as vessel supply continues to outstrip demand
- Heavy rain erodes coal demand in China
CHINA received unusual downpours in June, which eroded the usual peak demand for thermal coal, according to Commodore Research
- Greek owner behind Evergreen ULCSs
GREEK shipowner Enesel, part of the NS Lemos group of companies, is confirmed to have contracted 10 ultra-large container ships for long-term charter to Evergreen Line of Taiwan
- Formosa Plastics charters out VLCCs
TAIWAN'S petrochemicals giant Formosa Plastics Marine is lowering its costs by chartering out some VLCCs, Fairplay was told today
- DPW hands over Adelaide box holding
DUBAI Ports World said today it has handed over its 60% holding in Adelaide's box terminal to Flinders Port after the Australian group exercised its right to buy the stake
- SAUDI ARAMCO's LPG price hits low
SAUDI ARAMCO's LPG contract price for July has hit a two-year low, amid waning summer demand
|JULY 3, 2012|
- FMCSA Shuts Down Tennessee Trucking Outfit
Although a new study raises doubts about the reliability of CSA scores, those scores increasingly help federal regulators shut down...
- Report Claims Gap Between CSA Scores, Crash Risk
A second Wells Fargo analysis of the CSA program deepens doubts about the link between CSA BASIC scores and a trucker's...
- Top 20 Ocean Carriers Boost Fleets by 844,000 TEUs
The world's top 20 ocean carriers boosted their container ship fleets by 844,000 20-foot equivalent units in the past 12...
- Trans-Pacific Partnership Talks Begin
American exporters could get improved access to Asia-Pacific markets if U.S. negotiations with eight Pacific Rim countries that kicked off...
- Matson Stock Up 5 Percent on First Day of Trading
Matson Inc. stock rose 5 percent Monday in the company's first day of trading after its separation from longtime parent...
- Airbus Confirms US Plant in Mobile
Airbus will start assembling narrow-body A320 aircraft at its first U.S. plant in Mobile, Ala., in 2016, the European aerospace...
- Container Lines Could Turn Profit This Year, Drewry Says
Container lines could reduce their overall losses for the year as a whole to $1.3 billion or even turn a...
- Evergreen to Charter 10 13,800-TEU Vessels
Taiwanese carrier Evergreen has finally embraced mega container ships, agreeing to charter 10 13,800 20-foot equivalent unit vessels ordered today...
- Hapag-Lloyd Sets Rate Hikes on Asia-Europe Trade
Hapag-Lloyd plans to implement a peak-season surcharge and a general rate increase on Asia-Europe trade, as part of a new...
- Maersk Ltd. Gains Up to $2.1 Billion US Defense Contract
Maersk Line Ltd. was awarded an up to $2.1 billion contract from the U.S. Department of Defense to ship cargo...
- UP CEO Expects Record 2012 Profit
Union Pacific Railroad CEO and President Jack Koraleski said the railroad is on track for annual year-over-year volume growth and...
|JULY 3, 2012|
- Long Beach 'lusts over' Latin America
The Port of Long Beach is determined to tap into the growth potential afforded by Latin America and has opened a trade representative office in Panama. It is headed-up ...
- CSAV: average rate recovers
According to its container business rate index, troubled Chilean ocean carrier, CSAV, saw its average rate per TEU climb to USD1,855 in May - more than ...
- Hapag-Lloyd rejoins freight rate merry-go-round
Hapag-Lloyd has joined the growing list of ocean carriers seeking a peak season surcharge from Asia (excluding Japan) to Northern Europe. It intends to charge USD350/TEU ...
- CMA CGM sells more assets
CMA CGM and its parent company Merit Holding have announced the sale of their small cruise liner business La Compagnie du Ponant to Bridgepoint for an undisclosed ...
- Evergreen finally strikes deal for 13,800TEU ships
Taiwan carrier Evergreen has for the first time entered the mega vessel league after concluding an agreement with Greek shipowner Enesel S. A. to charter ...
- London Gateway's first customer known
London Gateway's first ocean carrier customer is known but cannot yet be identified. Speaking at a press gathering on site yesterday, ceo Simon Moore said that ...
- Cargotec buys Asciano's automation arm
Finland-based Cargotec, which is a leading manufacturer of container handling equipment and supplier of terminal management solutions, has strengthened its position ...
- Ocean carrier shortlists announced for CI-Awards 2012
The past year has been another one that has challenged ocean carriers resolve to the extreme and while financial losses have again mounted, a number of operators ...
|JULY 3, 2012|
- SSY duo joins CW Kellock
Paul Willcox-led team bolstered by the arrival of David Slater and Henry Trowbridge.
- Sumatec sells tanker fleet
Malaysian group offloads Semua's 10 ships to businessman Halim Saad.
- YZJ rakes in $150m
Ren Yuanlin offers up shares to help shipyard net loans with China Development Bank.
- Seadrill hunts US purse
John Fredriksen-led driller plans MLP IPO in a move which could be worth $2bn.
- Korean record to topple
World's largest shipbuilding nation braced for first drop in exports for nearly 20 years.
- Seanergy on notice
Nasdaq says Greek owner must regain publicly traded value of over $5m.
- Fire hits livestock ship
Blaze breaks out in engine room of Jordanian vessel in Tuzla repair yard.
- SCI halts China runs
Indian state owner scrapping unviable containership routes in downturn.
- Black box "faulty"
Leaked emails appear to show Costa's concerns over Concordia's VDR.
|JULY 3, 2012|
- Washington Notebook: News and notes from CBP ports of entry
- Saia buys brokerage, 3PL business
Saia Inc., a less-than-truckload (LTL) carrier, has acquired Robart Transportation Inc. and its subsidiary RL Services Group. The Robart Cos., based in Duluth, Ga., provides truckload brokerage and logistics services.
- Long Beach passes cargo incentive programs
The Southern California port on Monday announced two incentive programs aimed at inducing big ships and discretionary intermodal cargo to call at its marine terminals. If formerly approved, the programs will take effect Aug. 1.
- CA Technologies launches ecoGovernance 3.0
- Trailer telematics starts fleet optimization jump
- White House completes annual GSP review
- Ecuador preferential trade status questioned
- Drewry: Carriers inch back to break even
- Epec completes supply chain agreement, investment
- FedEx completes Tatex acquisition
- July 4th a blast for cargo thieves
"Shippers, manufacturers and transportation companies must remain aware of the increased security risks during the upcoming holiday weekend," said Dan Burges of FreightWatch International.
- Kuehne suggests Hamburg-Süd/Hapag-Lloyd merge
- Cowan leads finance at Moore Stephens
- R2 Logistics heads to Texas
- Evergreen cements big-ship order
Evergreen has finalized a long-mooted order for 10 13,800-TEU ships. The vessels will be built by Hyundai Heavy Industries and delivered from the second half of 2013 through the second half of 2014.
- Airbus to build A320 plant in Alabama
- Hildebrandt heads ChemLogix business development
- Inchcape adds VPs for Europe, North Africa
- Horizon wins safety recognition
|JULY 3, 2012|
- Middle East hub follows firming trend
Suez prices move against regional trends.
- Strong gains in European bunker markets
NYMEX trading higher in early trading.
- Gazprom Neft acquires Eastern European bunker player
Gazprom's bunker arm moves closer to growth goal.
- Sanko makes new bankruptcy filing in US court
'I would be very surprised if there are not more corporate failures amongst shipping companies,' warns lawyer.
- Multipurpose cargo vessel running on biofuel
Finnish shipping company claims 'world first' in moves towards sustainable shipping.
- IFO prices largely up at Asian ports
Supplies of marine fuel fine at key Asian ports on Tuesday.
- Iran increases tension on the Strait of Hormuz
Legislation threatens disruption to shipping lanes in counter move to oil embargo
- Singapore industry veteran starts own venture
Simon Neo Tiau Gee establishes bunker broking and trading firm.
- Titan Petrochemicals chairman heads for door
Zhao Xu Guang takes on top job at Titan Oil.
- South China fuel oil imports fall 68% on month in June
Region imported a total of 160,000 mt of fuel oil for the bonded bunker market in June.
- California ARB issues OGV fuel regulation guidance
Reminds operators to comply with the North American ECA requirements.