|JUNE 6, 2012|
- WTSA aims to raise US-Asia dry cargo rates from July 1
- PSA Dongguan Container Terminal goes through equity reorganisation
- Shanghai aims to increase throughput to 33 million TEU by 2015
- FedEx buys Brazilian shipping company Rapidao Cometa Logistica e Transportes
- GL holds container ship forum to discuss trends and challenges
- ASF urges UN and governments to maintain urgent and effective measures against Somali piracy
- Stranded Sri Lankan crew in Durban Harbour to be paid back-dated wages
- Korean Air launches Xining to Seoul passenger service
- Latvia's Riga airport receives first Afghan cargo shipment
- Space cargo joins the ranks of tradition freight transportation modes
|JUNE 5, 2012|
- ASAA, JBS Academy to organise rotating trophy quiz contest 2012
- Baltic index falls to new lows
- Bureau Veritas launches e-learning programme for MLC training
- European banks cut back on funding shipping
- Evergreen Line receives Seatrade Liner Owner/Operator Award
- Indonesian shipowners shell out $ 588.5 m towards illegal security fees
- Maersk's reefer manufacturing unit produces 100,000th container
- Interest subvention extended by a year
- Gangavaram port expansion to commence soon
- Vallarpadam ICTT receives ISO certifications for Integrated Management Systems
- GST would be a major breakthrough towards comprehensive indirect tax reform, says Sushil Kumar Modi
- Strict govt measures push gold imports down
|JUNE 5, 2012|
- GATX enters India's rail wagon leasing market
Chicago IL (USA)- based GATX Corporation has entered India's marketplace via its Indian subsidiary GIPL, with the purchase of ten newly manufactured rakes, each consisting of 45 c...
- Gefco CEO to retire in July
Yves Fargues, current CEO of the French transport service provider Gefco, has decided to retire on 1 July, according to a company press release issued on 4 June. There will be a me...
- KLM Cargo awarded platinum status in Cargo 2000 quality programme
KLM Cargo has been awarded platinum status in the Iata Cargo 2000 quality initiative. The award highlights KL...
- India's customs authority 32nd to go live on Champ's global customs gateway
Luxembourg-headquartered Champ Cargosystems, a provider of integrated, business-critical IT solutions for all players in the air cargo transport chain, announced that carriers and ...
- Loxx adds new general cargo station in UK
The German transport and logistics service provider Loxx is operating additional general cargo services to Stoke-on-Trent (UK) from this month (June), in partnership with the UK-ba...
- Wim Bosman Belgium goes multimodal
Wim Bosman Belgium and its Italian partner Sittam have started offering a road/rail transport service between Belgium and Italy. Shipments are hauled by rail between Zeebrugge (Bel...
- CMA CGM introduces largest feeder vessel into Russia service
The "John Rickmers" with a 1,858 teu capacity, is the largest feeder vessel that is deployed in the North Continent-St. Petersburg feeder service. The vessel is operated ...
- 26 Chinese ports handle more than 100 million t per annum
The number of Chinese ports to handle more than 100 million t per year has increased to 26. According to the Chinese ministry of transportation Ningbo-Zhoushan is the No. 1 port wi...
- 7% fuel savings with Freightliner's new Cascadia
Freightliner Trucks, a division of Daimler Trucks North America, has introduced a new version of its flagship Cascadia. The new truck model will be 7% more fuel efficient than most...
- Two fatal crashes in West Africa this weekend, one involving a freighter
Aviation Safety Network has reported that a Boeing 727-221F cargo plane left the runway on landing at Accra-Kotoka airport (Ghana) on 2 June...
- Hansa Treuhand mourns board member Sönke Fanslow
The Hamburg (Germany)-based shipping group Hansa Treuhand is mourning the death of its board member Sönke Fanslow, who died, after a short, serious illness on 23 May, aged 42. Fans...
- Gazeley purchases land for logistics property near Stuttgart
The global logistics property developer and investor Gazeley has purchased a 4 ha plot of land near Stuttgart (Germany). The strategically located site, which is the largest immedi...
- Kerry Logistics wins contract from Continental Tyres in Thailand
The global logistics service provider Kerry Logistics has been awarded a major new contract by Continental Tyres (Thailand) Co Ltd to manage the company's warehouse storage and man...
- Miebach Consulting: Thomas Mathives takes over after sales market department
Miebach Consulting, an international logistics and supply chain consultancy based in Frankfurt (Germany), chose Thomas Mathives to head its after sales market department that serve...
|JUNE 5, 2012|
- Ingalls Shipbuilding launches LHA 6
- Matson honored with 2012 Coast Guard Benkert Award
- ABS completes floating wind turbine study for BSEE
- Eidesvik Offshore orders large subsea vessel at Kleven
- SDARI unveils handy size bulker concept design
|JUNE 5, 2012|
- Port of Vancouver, USA hosting slate of coffee meetings
- Port of Everett schedules series of waterfront tours
- Maersk Line plans Brazil general rate increase
- Corps of Engineers seeking input on Seattle Seawall upgrade plans
- Trucking association waiting for FMCSA crash accountability results
|JUNE 5, 2012|
- A tale of two bail-outs
China and South Korea raise state funds for distressed shipping firms
- Challenging withholding of consent
A recent High Court decision offers helpful guidance on the principles to be applied to a commonly used qualification to commercial contracts
- West of England P&I Club and Gard put members first
Gard reduces deferred call while West of England celebrates lowest member claims in 10 years
- NEL trims loss after axing staff
Greek ferry operator still in the red despite shedding 200 jobs
- Sub-panamax boxships lose their gloss
Cascade effect will see smaller tonnage struggle to survive
- Europe slips 'into deeper recession', warns Global Port Tracker
First-quarter box import data reveals dip in demand
- Shipyards' eco designs are a marketing gimmick, say owners
Builders need the orders but shipping needs no new tonnage, say critics
- China to liberalise crude oil imports
Allowing non-state-owned refineries to buy in could boost VLCC demand
- Diana Containerships prepares for bigger payouts
Nasdaq-listed owner set to declare $0.30 per share for second quarter
- Investors out of step over timing
Posidonia 2012: experts disagree over when to buy into shipping
- Marco Polo Chapter 11 case heads towards its close
Banks to repossess six tankers after global settlement approved
- New bulker port proposed for West Africa
Exxaro says converting Pointe Noire to handle ore might be too difficult
- New technologies and shifting trade make the future uncertain
Posidonia 2012: Wiernicki outlines the factors shaping tomorrow's supply and demand
- DNV forecasts changing fuel use
Posidonia 2012: Study flags huge increase in distillate and LNG fuels by 2020
- Hamburg warned over slowing exports to China
City state would suffer 'serious negative consequences' from a Chinese economic crisis or policy change, says study
- Cosco extends olive branch to Vale
Both sides want to resolve conflicts rather than 'attacking each other', says China Shipowners' Association
- Platou predicts shipping industry recovery in 2014
Short-term outlook for bulkers remains poor
- Harsh lessons
Companies that do not learn from history are condemned to repeat it
- Chinese ports' growth rate slows
Shanghai International Shipping Institute reports cargo throughput and box volumes both weaken in first quarter
- Sleeping with the enemy
Shipyard: part of the problem and part of the solution
- New Russian export scheme leaves aframax brokers guessing
Ten June cargoes still up in the air in Gulf of Finland
- Coscon follows Hapag-Lloyd with July Asia-Europe rate rise
Lines press ahead despite postponed peak-season surcharges
- TEN and HHI sign LNG pact
Maria Energy is the most expensive vessel that Greek owner has ordered to date
- Two become one to launch SEA Europe
Lobby groups CESA and EMEC agree to merge
- Shanking? No thanks
Bankers are a problem not a solution for beleaguered shipping industry
- Deutsche Post DHL to pay $642m backdated tax
Bill for additional value added tax covers 12 years' postal services
- Greek owners ponder refuge options
Posidonia 2012: Exodus to Vancouver, Dubai, London or Singapore if crisis deepens
- SCI halts new orders this fiscal year
India's biggest shipping group consolidates box services
- Maersk Drilling wins $610m drillship contract
First of quartet of ultra-deepwater vessels headed to Gulf of Mexico
- Eidesvik orders its most expensive ship
Norwegian firm buys $165m Arctic subsea vessel
|JUNE 5, 2012|
- Shale gas potential touted
EXXONMOBIL CEO Rex Tillerson said today that the world should learn from North America's shale gas revolution in exploring unconventional gas resources
- Liquefaction capacity drives LNG
STRONG growth in LNG demand is possible because global liquefaction capacity is rising worldwide, said Royal Dutch Shell CEO Peter Voser today
|JUNE 5, 2012|
- US Container Imports Fell 2 Percent in April
U.S. containerized imports in April fell 2 percent from a year earlier as slowing economic growth reduced demand for consumer...
- Senate Offers Transport Bill Compromise to House
Senate leaders have offered a surface transportation bill compromise to House Republicans but Sen. Barbara Boxer is keeping quiet on...
- Global Port Tracker Forecasts Deeper European Recession
The slowdown in container volumes handled by ports in northern Europe indicates the continent may be slipping into a deeper...
- DHS Releases New Canadian Border Security Strategy
The U.S. Department of Homeland Security on Tuesday released its Northern Border Strategy, which provides a framework for DHS security...
- Deutsche Post DHL to Pay $645 Million in Back Taxes
Deutsche Post DHL has been ordered to pay 516 million euros ($645 million) in back taxes to the German government...
- Echo Global Logistics Buys 'Purple Plum' Brokerage
Echo Global Logistics acquired the assets of Plum Logistics, a refrigerated truckload freight brokerage in Wakefield, Mass., doing business as...
- Roadrunner Transportation Acquires CTW Transport
Roadrunner Transportation Systems strengthened its truckload division by acquiring CTW Transport, a refrigerated food hauler in Peabody, Mass. Cudahy,...
- Alphaliner: Most Container Lines to See Second Quarter Losses
The majority of ocean container carriers will lose money in the second quarter following their failure to fully implement rate...
- FedEx to Retire 24 Aircraft as US Demand Slows
FedEx plans to retire 24 aircraft and shortened the depreciable life of 54 older aircraft, as the parcel giant works...
- Transport Corp. of India Profit Up 19 Percent
Transport Corporation of India said its net profit rose 19 percent year-over-year to $10.8 million on a consolidated basis in...
- Air Freight Back to Pre-Flood Levels at Thai Gateway
The Thai economy's key role as a component supplier for electronic and auto sectors has not been diminished following last...
- Hapag-Lloyd to Hike Rates on Major Trades
Hapag-Lloyd plans to implement a new round of general rate increases on major trade lanes, starting July 1. The...
|JUNE 5, 2012|
- COSCON plans July 1 price hike
COSCON is the latest carrier to announce a round of rate increases on the Asia-Europe trade as it looks to raise its prices to more sustainable levels that allow ...
- Old ships are compromised
Bertram Rickmers, chairman of Rickmers Holdings, has said that a completely new generation of container vessels is needed and that older ships were less attractive ...
- CMHI on track
Despite what is proving to be a lacklustre second quarter, Dr Fu Yuning, chairman of China Merchants Holdings (International) (CMHI), the Hong Kong listed port ...
- Daggett accuses Capo of personal attacks
The stand-off between the International Longshoremen's Association (ILA) president Harold Daggett and James Capo, chairman and ceo of the United States Maritime ...
- MCI steps up its reefer production
MAERSK Container Industry (MCI), which is a leading manufacturer of reefer containers and machinery, has doubled the production of its Star Cool units in a little ...
|JUNE 5, 2012|
- Sin City shipper plots seizure
Vegas gaming giant attempts to arrest containership Bernuth Calypso as it files $1.5m cargo claim in US court.
- Fairstar fights
Philip Adkins-led owner puts money where its mouth is as research report dismisses Dockwise takeover bid as 'unfair'.
- Ex-NITC chief on new course
Mohammed Souri is busy developing a new shipping venture after a long career heading the Iranian tanker giant.
- Finding opportunities in troubled waters
Pain ahead for some but Basil Mavroleon sees opportunities for others particularly in tankers.
- Swiber hits grand slam
$830m worth of freshly minted offshore contracts prove Lion City syndicate has entered the big leagues, CEO says.
- EGLE caught in the crossfire
Bunker giant targets Eagle Bulk Shipping handymax as fuel feud with charterer Allied Maritime ignites.
- Bahri bags big finance deal
The former NSCSA seals $219m shariah-compliant loan to pay for its new con-ros at Hyundai Mipo in Korea.
- Western Shipyard in the red
Lithuanian shipbuilder and repairer racks up loss for 2011 despite revenue climbing.
- Minoan Lines loses more
Greek ferry company posts worse first-quarter figures as austerity and fuel prices bite.
- Roll up, roll up...
Public charged EUR 2 to tour LNG carrier scheduled for demolition at Van Heyghen Recycling in Belgium.
- Harren hit by funding hitch
Newbuilding delayed as German firm struggles to raise cash in tight ship finance market.
- NWS: don't blame us
Russian owner of cargoship Professor Katsman says alleged Syrian weapons cargo not its responsibility.
- "Frothy" fuel furore
Singapore says allegations of cappuccino-like bunkers being supplied are over-exaggerated.
- ES wins charter deal
Singapore shipyard finds long-term cover for bunker vessels it has built for its own account in Thailand.
- LNG is the future
Costas Fostiropoulos says the Chinese are coming, so it is wise to move to more sophisticated sectors.
- Ten for TEN
Nikolas Tsakos tells TradeWinds WebTV that latest LNG carrier order is part of expansion to 10 vessels by 2018.
|JUNE 5, 2012|
- Data2Logistics talks hurricane season prep
- Webgility starts e-commerce shipping software
- PeopleNet appoints new technology head
- SATO picks Cook for sales VP
- ILA president accuses USMX of divide and conquer
"I am very disappointed that you chose to engage in personal attacks against me, the ILA's Chief Labor Negotiator," wrote ILA President Harold Daggett in a letter to James Capo, CEO of the U.S. Maritime Alliance.
- NYK raises capacity on intra-Asia loop
The ocean carrier NYK has raised capacity on its weekly Japan to Southeast Asia TWX loop by increasing the size of the vessels by almost 50 percent, from 1,091 TEUs to 1,613 TEUs.
- Jaxport to examine offer by UAE company
Jacksonville Port Authority's board of directors has reportedly scheduled a special meeting for Thursday to discuss a proposal by Gulftainer Co. Ltd., based in the United Arab Emirates, to lease port acreage.
- NYK/Hapag amend LA-Mexico-C.America loop
- Maersk raises Brazil-to-Americas rates
- NVOs bear higher rate hikes on TP
- Roadrunner buys trucker
- U.S. seeks alternatives to rare earth material supply
The U.S. Energy Department will invest up to $120 million during the next five years to establish a new Energy Innovation Hub that will focus on developing an effective supply chain for rare earth materials.
|JUNE 5, 2012|
- Shipping sector calls for innovative ship designs
Current market environment requires innovative thinking, strategies and investments in R&D to create the foundations for a new generation of shipping infrastructure.
- Prices soften in Middle East hub
Still no IFO quotes in Cape Town.
- Europe bunker prices end seven-day slide
'Very quiet' market in Hamburg.
- Bunker supplier seeks arrest of bulker
Allied Maritime at centre of fresh dispute.
- Poor Q1 results for Minoan
'Stabilisation of fuel costs at record high levels has had unfavourable effects.'
- Airline boss points to shipping as worse polluter
'If you look at what ships do in terms of CO2 emissions it's incredible,' says managing director of KLM.
- IFO prices soft in most Asian hubs
Good avails of bunker fuel in major ports.
- Bunker supplier seeks 'voluntary wind up'
Prestige Marine Services is seeking to wind up voluntarily, says largest shareholder.
- 'Fuel switching' key element in bulk carrier design
Multiple fuel tanks will allow for 'strategic purchasing of heavy fuel oil, low sulphur fuel and distillates.'
- Malaysia-Singapore oil operations 'could surpass' Rotterdam
Malaysia and Singapore could form a hub, similar to the ARA, says Executive Chairman of Dialog.
- China's SHFE sees 'zero transaction' in fuel oil futures trading
All eight fuel oil contracts on SHFE failed to attract bidders.
- July deadline for EU review of Grindrod and Vitol merger
Vitol will take 50% interest in Cockett's Singapore and South Africa operations after merger.
- Lower bunker prices helping box carriers margins in Q2
First quarter operating margin 'worst' for the industry since 2009.
- Greek shipping firm receives fuel-saving bulk carrier
The Aquila, equipped with a Mewis Duct, consumes 14% less fuel than similar vessels.