|JUNE 7, 2012|
- AADA lowers bunker surcharge to US$625/TEU, $1,250/FEU from July 7
- Chongqing's Fuling and Wanzhou port to start shipping service to Shanghai
- Hainan POS to relaunch TP service offering Yangpu-US direct service
- Maersk Line receives new 4,496 TEU ship to enhance west Africa service
- Zim plunges further into negative territory despite Q1 volumes rising 3pc
- CMIT reaches new productivity highs handling 2,100 containers from Mette Maersk
- Maltacourt Logistics aims to expand global network after management buy-out
- GAC-SMHI Weather Solutions adds sea crime alerts feature to online application Fleetweb
- Dutch personnel supplier TOS buys next generation tug simulator
- Air freight markets remain weak in Asia Pacific, but passenger numbers rise
- Russia's AirBridgeCargo Airlines becomes IATA member
- Alaska Air Cargo delivers season's first Copper River Salmon to Seattle
- Worker unloading container hit by container-unloading platform at Chek Lap Kok
|JUNE 6, 2012|
- AGS World Transport celebrates seven successful years in India
- Cisco Systems optimises its regional distribution through Arshiyas Mumbai FTWZ
- INTTRA, SeaIntel collaborate to deliver first on-time performance & schedule reliability index
- Unions demand enquiry into port project delays
- Allcargo CFS, Mundra observes World Environment Day
- KCHAA elects managing committee for 2012-14
- Highlights of Annual Supplement 2012-13 to Foreign Trade Policy 2009-14
- India Inc gives thumbs up to FTP, expects it to boost exports
|JUNE 6, 2012|
- VTG receives EBA's maintenance management certification
The Hamburg-based wagon hire and rail logistics company VTG Aktiengesellschaft became the first company to receive Entity in Charge of Maintenance certification (ECM) from the Germ...
- Iata welcomes AirBridgeCargo Airlines as active member
AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia's largest all-cargo carrier, has become an active member of the International Air Transport Association (Iata). ...
- Name change for National Shipping Company of Saudi Arabia
NSCSA - National Shipping Company of Saudi Arabia is changing its name to Bahri with immediate effect. Saleh Al Jasser, CEO of Bahri, said that one of the main reasons for the chan...
- New boss for trade fair organiser easyFairs Switzerland
EasyFairs, a leading European organiser of trade shows, has reported that Peter A. Cologna became the new managing director of the company's subsidiary easyFairs Switzerland on 1 J...
- Polsteam modernises fleet
The Polish shipping company Polska Zegluga Morska (Szczecin) Polsteam is renewing its fleet of bulk carriers. In 2009 Poland's largest shipping company ordered some 50 newbuildings...
- CSX sets emissions intensity reduction goal for 2020
Jacksonville FL-based, CSX Corporation, a prominent US transportation company, plans to reduce its greenhouse gas (GHG) emissions intensity by 6% to 8% over 2011 levels by 2020. Th...
- 25 million truck kilometres per year avoided on European roads
The European Logistics Association (ELA) has honoured Penske Logistics and the Ford Motor Company with the 2012 European Award for Logistics Excellence, in recognition of the innov...
- MAN gains ground from growth in Russia and non-European regions
The German commercial vehicle manufacturer MAN has not so far been subject to the widely feared slump in demand. The company's Q1/2012 order intake in its commercial vehicles divis...
- Barloworld Logistics names new managing director for the Far East
Barloworld Logistics has appointed William Tang as a managing director for the Far East. The move comes after a series of acquisitions in the Far and Middle East from 2008 on, and ...
- Teun Muller elected new president of IVR
The International Association the Rhine Ships Register (IVR), an international inland shipping association, elected Teun Muller, member of the Dutch steering committee of the Centr...
- Combi Lift opens new office in Germany
The Combi Lift chartering team opened a new office in Steinkirchen (Germany) on 1 June. The office is manned by Sune Thorleifsson and Hans Jörn Schinke, both of whom recently worke...
- Maltacourt Logistics completes management buy-out
Manchester (UK)-based Maltacourt Logistics, a leading provider of supply chain solutions and logistics services, has completed a management buy-out led by CEO Matt Beech. Maltacour...
- Post Nord AB merges franchise of DPD Denmark with Post Danmark
The Scandinavian postal operator Post Nord AB is continuing its restructuring plans with the merging of its DPD Denmark franchise into its Post Danmark business. The Swedish-based ...
- Mongolian Airlines Group is new customer for AAT
Hong Kong's Asia Airfreight Terminal Co Ltd (AAT) announced that Mongolian Airlines Group (MR) has appointed AAT as its ground handling agent for cargo handling and documentation. ...
- EU airport traffic stalled in April
Based on the figures of 169 European airports, the industry association ACI Europe reported that the overall freight traffic among European airports remained negative at -4.2% in A...
|JUNE 6, 2012|
- Bergen Group signs contract to build large, advanced OCV
- Navy accepts delivery of LCS 3
- Wärtsilä broadens range of ballast water management system...
- IHC Merwede to bring new tidal energy technology to market
- Second Staten Island ferry gets Ecospeed underwater hull...
- Ugland Offshore orders new design PSV at Kleven Maritime
- MHI says AIDA hull bubble lubrication will cut fuel consumption...
|JUNE 6, 2012|
- Seattle Port Commissioners Ok Des Moines Business Park lease
- Ship recycling association praises new European Union rules
- AAR joining other rail groups to boost grade crossing awareness
- Matson earns Coast Guard environmental excellence honor
- Old Dominion taps Ross Parr as legal affairs general counsel
|JUNE 6, 2012|
- Greek ship owners brace themselves for critical election
Syriza party vows to tax last outpost of nation's economic vigour
- Asia-Europe volumes weaken
Industry figures show April drop
- Stark contrast between shipping success and national ruin
What are they saying at Posidonia? Angeliki Frangou and Panagiotis Tsakos give their views
- South Africa tonnage tax may yet happen
But shipping community has heard promises before
- Chinese yards turn to deep discounts as orderbook plunges
Two-thirds fall prompts 20% reductions
- Restis joins X-Drill for offshore move
Posidonia 2012: Greek owner to fund plans with private placement
- Ambassador issues rallying cry on prosecuting pirates
The US is co-operating to implement new prosecution measures, Daniel Smith tells Posidonia 2012 seminar
- NYK eager to access Norwegian offshore knowhow
Japanese owner happy with progress of new shuttle tanker entity Knutsen NYK Tankers
- CMA CGM posts $248m first-quarter loss but forecasts 2012 profit
French line returns to operating breakeven in April as freight rates recover
- Deutsche Schiffsbank to resume normal service in ship finance
Posidonia 2012: Leading lender pledges return to form
- Queen rains on VLCCs' parade
Jubilee holidays stifle London chartering activity
- Put a cork in it
Arguments about fuel efficiency from new engines and hull redesigns have validity, but the problems remain that older ships are uneconomic, overvalued and overindebted
- Charter rate indices' recovery falters
Uncertainty has mounted about lines' plans to bring in peak season surcharges
- Wilhelmshaven deepwater terminal faces two-month delay
Bunte faces compensation claim after construction problems hold back launch
- Triphyllis drives change at Lydia Mar
Posidonia 2012 exclusive: Greek shipping scion repositions German-owned firm
- P+S workers pay a heavy price for rescue deal
All staff to work 450 hours of unpaid overtime to bail out troubled shipyard
- CSBC wins first order in over a year
Taiwanese shipbuilder to build two handysize bulkers
- CECAs unpicked
Why Brussels' patchwork model for CO2 fund has holes
- Petronas to build floating LNG unit with Technip and DSME
Malaysian national energy company seeks to raise production volumes
- Vancouver volumes rise 3.4% to 122.5m tonnes
Supply chain disruptions after Japan's earthquake and tsunami drive car units 22% lower
- Union Naval Valencia yard to close
European Union ban on Spain's tax lease arrangements have made Spanish yards uncompetitive, says Boluda
- EU debates radical departure from CO2 emission strategy
Brussels moots CECAs to circumvent IMO climate-change stalemate
- Indonesia's export tax
A proposed levy on overseas coal shipments looks destructive to Indonesia's producers
- Singapore's SSA hits back against 'cappuccino' bunker charge
Claims that bunkers amounts are overstated are 'unlikely to be upheld'
- Carnival adds MHI's air lube system to two newbuildings
Technology claims to cut fuel consumption by 7%
- Nicaraguan president proposes to build inter-oceanic canal
Central American nation seeks to complement Panama Canal
- Proposed coal export tax will cost Indonesia $11bn
Wood Mackenzie says that low-grade exports will be hit hardest
- Long Beach to increase capital investment
City council must endorse planned budget
- Swiber secures $830m in offshore contracts
Projects target Middle East and Asia-Pacific
- Shanghai port reports improved box growth in May
Marginal rise in throughput reflects more positive trade figures
|JUNE 6, 2012|
- Fleet revaluation sparks Latvian Shipping slip
LATVIJAS kugnieciba has reported net losses for the first quarter of 2012 were 9.1M lats ($16.3M), against a quarter deficit of $3.15M year on year
- PETRONAS approves first floating LNG plant
MALAYSIA'S government-run oil conglomerate PETRONAS has reportedly approved plans to build the world's first floating LNG plant, to be online in 2015
- CMA CGM loses $248M
FRENCH box shipping group CMA CGM today reported first-quarter net losses of $248M but predicted that it would return to profits for this year, riding a strong second-quarter sector recovery
- Greek owners face taxing challenge
GREEK shipowners are bracing themselves for sharp tax rises if the far left gains power in Athens, Fairplay was told today
- Fairstar takes advice, again rejects Dockwise
FAIRSTAR Heavy Transport's board has again rejected a bid from Dockwise after consulting two investment banks
- DNB: shipping cycle will turn
DNB BANK'S Asia chief Erik Borgen assured a Singapore conference that the current shipping squeeze is cyclical more than structural
- P+S Werften bailout taking shape
WORKERS, managers, suppliers and financiers of Germany's P+S Werften are under pressure this week to agree on €110M ($137.5M) in cost cuts and debt relief to complete the stricken builder's bailout
- Inter-Oz fracas erupts over reef region
THE BATTLE is intensifying between Australia's federal government and Queensland's government over port development's impact on the Great Barrier Reef
- STX France squeezes workers tighter
STX FRANCE has extended short-time working during the summer, as the unit of South Korea's STX struggles to cope with a falling workload
- Gas to make up 40% of Chevron's portfolio
CHEVRON said today it aims to increase the percentage of gas production in its portfolio to 40% by 2017, from 30% today
- Shale gas extraction defended
A REPORT from the International Gas Union today attacked criticism that shale gas extraction could harm ecosystems
- JWP's opening delayed
GERMAN officials have postponed the JadeWeserPort deepsea box terminal's opening in Wilhelmshaven
- Shift seen in box balance
MOVES by Maersk Line and other major box lines to delay seeking higher Far East/North Europe rates shows that the sector's balance is shifting, a container analyst has told Fairplay
- Premiums paid for VLGCs
AVANCE Gas has reportedly paid a high price for two Maran Gas-owned VLGCs, reflecting confidence in the spot LPG market
|JUNE 6, 2012|
- Shippers Fail to Kill Overseas Container Scanning Plan
Shippers on Wednesday failed to convince members of Congress to strip out legislation from a port security bill requiring all...
- ILA's Daggett Says Automation a 'Hurdle'
Waterfront employers' refusal to guarantee jobs in exchange for automation at East and Gulf Coast ports remains a serious "hurdle"...
- Hard-Disk Production, Prices Up After Thai Floods
Although production of hard-disk drives is rapidly recovering from the catastrophic Thailand floods that occurred last October, average selling prices...
- NYNJ Port Authority Taps FAPS Deposit
The Port Authority of New York and New Jersey has used a $2.4 million security deposit to pay part of...
- Truckers, Shippers Headed for Another 'Soft Patch'?
The U.S. economy may be slowing, but domestic shipping is picking up speed, countering recent reports of economic doom while...
- CMA CGM Books $248 Million Q1 Net Loss, Expects Full-Year Profit
CMA CGM booked a $248 million net loss in the first quarter, but the French ocean carrier said it was...
- House Bill Would Maintain Highway Spending, Cut TIGER Grants
Federal highway spending in fiscal 2013 would remain the same as the prior year, but there wouldn't be funding for...
- Freight Shipments, Spending, Increased in May
The Cass Freight Index increased in May, despite signs of a slowing economy. The freight shipment index rose...
- Emirates Shipping Slaps Surcharge on Chennai Cargo
Emirates Shipping Line imposed a "trade surcharge" on import containers handled at India's Port of Chennai. Effective immediately, the...
- DHL Invests in Indonesian Warehousing
DHL Supply Chain has opened a new multi-user warehouse in Indonesia to meet thriving demand for logistics services from the...
- Trans-Pacific Spot Rates Drop 3.7 Percent
Average spot rates on the eastbound trans-Pacific trade fell by 3.7 percent this week after six weeks with no change,...
- Russia Mulls Vienna Rail Link
Russia is mulling extending its wide-gauge railroad track to Vienna as part of a plan for a Eurasian land bridge...
- Long Beach Honors 14 Shipping Lines for Slower Speeds
The Port of Long Beach Tuesday recognized 14 shipping lines for consistently reducing their vessel speed in the harbor area...
|JUNE 6, 2012|
- Charleston moves closer to deepening draught with more funds
The US east coast port of Charleston has moved closer to achieving its desired deepened draught in order to be ready for the widening of the Panama Canal after ...
- FMC launches notice of inquiry for US export index proposal
The US Federal Maritime Commission (FMC) has moved forward in its idea to develop a container freight rate index for US agricultural exporters after launching a ...
- Moroccan company to build Cameroon chocolate factory
Morocco's Compagnie Cherifienne de Chocolaterie (CCC) is to construct a facility for producing chocolate in the West African state of Cameroon. It is likely to ...
- INTTRA and SeaIntel join forces to monitor ocean carrier schedules
INTTRA and SeaIntel Maritime Analysis have joined forces to establish and monitor ocean carrier schedule benchmarks that go well beyond vessel timekeeping. The ...
- Diageo to boost UK exports
- Jebel Ali is greener and safer
Jebel Ali, which is one of the largest container ports in the world, has recently been certifies as one of the safest and most environmentally friendly ports on ...
- Tanzania needs to spend USD6 billion on its transport infrastructure
Dr Harrison Mwakyembe, Tanzania's minister of transport, has revealed that the nation needs to spend at least USD6 billion on its transport infrastructure, including ...
|JUNE 6, 2012|
- Hangover hard to dismiss
Posidonia's brightest stars may have dodged Greek debt bullet but severity of crisis warrants monitoring, analyst says.
- Bergen hits North Sea jackpot
Oslo-quoted shipbuilding syndicate poised to squeeze $165m out of newbuilding deal with North Sea Shipping.
- African Lion in the crosshairs
Port operator stalks Enterprises Shipping & Trading handymax in Houston over altercation involving collapsed crane.
- Polemis nears Nasdaq debut
Son of former ICS chairman recruits Lazard to help blank cheque take a bite out of the Big Apple with $50m IPO.
- 'Eco' inquisition
Economou, Frangou, Marinakis and Arntzen tackle hot topic as fuel efficiency dominates debates at Posidonia.
- More to come for Ezion
CIMB Securities says Singapore-listed company's recent win from Pemex is likely to be followed by more.
- Clipper Group logs loss
Danish unit of Bahamas-registered shipowner says 2011 deficit worse due to low rates.
- Losing start for CMA CGM
French liner giant predicts a profitable year despite losing quarter of a billion dollars in the opening three months.
- Genmar losses stretch on
Tanker owner's deficit extended to over $150m during its time under court protection, filing shows.
- The Nicaragua Canal?
Nicaraguan president Daniel Ortega wants to construct new waterway to complement Panama Canal.
- Time to consolidate
Harald Serck-Hansen of DNB believes time may be running out for Greece as a nation of 1,000 shipowners.
- Ready and willing to buy
Angeliki Frangou of Navios is prepared to add ships, but only if the deal makes commercial sense today.
- Bad times good for some
Brian Ladin of Delos Shipping sees investment opportunities in a distressed market.
- Gibsons' history lesson
Broker says those who look to have missed the LR boat should not repeat mistakes seen in crude sector.
- JJ Ugland back for another
Grimstad-based shipowner returns to Stale Rasmussen's Kleven Maritime for a second PSV with an option for one more.
- Sick captain airlifted
US Coast Guard helicopter takes ailing master from Horizon Lines vessel in the Pacific.
|JUNE 6, 2012|
- UPS pairs with Bridgeline for e-commerce
- Texas man sentenced for defrauding Ex-Im Bank
- California counties cleared of grape, stone fruit restrictions
- Maersk imposes fog surcharge at Chinese port
The carrier says the fog season in Qingdao lasts from May to July and that during this period, normal port operations are impacted due to increase in waiting time as a result of fog-related port closures.
- CMA CGM expects black numbers for 2012
The French liner carrier, which is not publicly traded but offers financial performance updates, suffered a net loss of $248 million in the first quarter, despite container volume increasing year-on-year in the period.
- Simplified entry pilot gets underway
- No peak season seen for European ports
A Global Port Tracker report on North European ports says latest trade volumes suggest "the slowdown has started and we may be slipping into a deeper recession than anticipated. Any thoughts of a peak season are beginning to evaporate."
- Long Beach port approves $942 million budget
- Washington Notebook: U.S. House to finalize port security bill
- INTTRA, SeaIntel partner on liner schedule analysis
The portal-based ocean transportation technology provider INTTRA said Tuesday it will partner with liner shipping analyst SeaIntel to produce a monthly report on key ocean carrier reliability measures.
- Echo Global Logistics buys Purple Plum
- ThreePL Quality Systems expands tracking portal
|JUNE 6, 2012|
- Bunker supply at Sri Lankan port still uncertain
Port begins commercial operations but bunker facility not yet commissioned.
- Cruise industry 'exaggerating' ECA challenges
CLIA's proposal for flexibility is a 'flawed' scheme 'that will expose communities to harmful pollution'.
- Dan Bunkering appoints new sales manager
Jim Jensen to be part of company's new office in Houston.
- Prices firming in Fujairah
Prices in Middle East hub climb for the first time in a week.
- Prices lack direction in North West Europe
Rotterdam prices were firming.
- Bunker sales tumble in Rotterdam
First quarter sales down 7% year-on-year.
- Volatile bunker prices 'make profit forecasts difficult'
Analysts face 'host of uncertainties including demand worries and lower bunker costs.'
- Hydrogen catalyst 'can cut fuel consumption'
US firm says the fuel saving technology is now commercially available.
- Prices generally firming in Asia ports
Supplies of bunker fuels fine at major ports.
- Cruise vessels to feature air lubrication system
MALS able to reduce cruise vessel's fuel consumption by approximately 7%, says MHI.
- Varied tanker fuel consumption a 'challenge' for assessing TCE
Industry averages should be 'viewed with extreme care', says McQuilling.
- Shipowners doubtful of fuel-saving ship designs
Eco ships 'definitely more marketing than anything else,' says president and chief executive of Danaos Shipping.
- Singapore port wins two awards at Shanghai ceremony
Singapore receives 'Best Seaport in Asia' and the 'Best Green Service Provider - Seaport' at 26th AFSCA.
- Shell to produce more LNG than oil in 2012
Oil prices, meanwhile, are expected to decline further, says Shell CEO.