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| AUGUST 7, 2012 |
- CMA CGM announces fresh round of rate increases starting in September
- UK ships banned from Buenos Aires to thwart Falkland oil exploration
- Twenty rescued crewmen at Falmouth while MSC Flaminia smoulders at sea
- Box ship engine fire off San Diego severely burns man fighting blaze
- India court enforces UN's Basel Convention shipbreaking rules as law
- Port of Xiamen's first half throughput rises 12pc to 3.21 million TEU
- APL no longer provides container chassis in Denver and Salt Lake City
- Shipco Transport seeks new opportunities with new office in Xiamen
- Schenker Logistics profit up 18.2pc to US$207.2 million, sales up 3pc
- DHL adds Shanghai-Dubai LCL link to exploit bilateral trade growth
- CWT Globelink expands from Kuwait, opens new Gulf office in Doha
- Hong Kong Airlines faces expansion freeze from Civil Aviation Department
- IAG July tonnage slides 1pc, but air cargo revenues increase 3.7pc
- House, Senate committees okay bills rejecting EU carbon tax payment
- Kenya Airways takes on consulting firm to enable US direct flights
- 'Price fixing' lawyers to be paid US$93 million for 199,510 billable hours
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| AUGUST 6, 2012 |
- Asia-Europe rates fall again last week
- Bahri Dry Bulk commences operations
- China's H1 social logistics value up 10 pc
- CMA CGM upgrades BRAZEX service on South America East Coast-Caribbean trade
- ICS welcomes EC halt to competition investigation of P&I Clubs
- NYKs new coal carrier prepares to sail with innovative air-lubrication system
- Shipping asset values/earnings have plunged unparalleled
- Softlink Global adjudged IT & Software Company of the Year for the 3rd consecutive time
- STX PanOcean expands service in Nhava Sheva & Pipavav
- Agencies & Cargo Care achieves edible oil loading record on BTPN rakes
- CKB & Piramal Glass despatch full dedicated export rake from ICD-Ankleshwar for third year in a row
- INR up slightly
- PMI survey shows mfg sector growth at 8-month low in July
- Refined palm oil tariff value hiked to $1,053/tonne
- Its all about fairer laws
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| AUGUST 6, 2012 |
- Cochin Shipyard launches advanced PSVs
- JV plans European LNG marine fuel infrastructure
- Russia to build $1.5 billion nuclear icebreaker
- Bollinger sea trials new generation Crowley tug
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| AUGUST 6, 2012 |
- AAPA slates annual convention for October 21 - 25 in Mobile, Alabama
- Crowley Logistics makes list of top third-pary logistics providers
- Horizon Lines takes home Quest for Quality award
- Ports of Los Angeles/Long Beach honor APL for clean air leadership
- Commerce Secretary backing increased trade with Latin America
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| AUGUST 6, 2012 |
- Rickmers Maritime profits edge up
Finance chief predicts 59% leverage by yearend
- France hands EU Navfor baton to Italy
European naval force targets five pirate groups in four months
- Yards compete to land complex Norwegian chemical tanker order
China's Hudong Zhonghua and Nantong Mingde compete against Korea's SPP
- Sixteen-year-old VLCC sells for 30% premium over scrap
Younger vessels sent for demolition just six months ago
- Tanto sells 16-year-old panamax for 40% loss after just 16 months
Golden Glory reported sold for $9.5m
- The letter of the law
More than 3,000 German-registered ships fly foreign flags, all of them illegally
- Chinese shipping squares up to cargo owners
CSA must think carefully about confronting its own key clients
- Industry standards on ship-to-shore power connections completed
For cruiseships and boxships using shore-based power, a uniform system in ports is necessary
- Mats is a handy man
Mats Berglund, new chief executive of Pacific Basin, looks to expand the Hong Kong original's core dry bulk business
- First gas bunker supply chain to launch in North Europe
Project targets key ports in the region's emission control area
- Three LNG carriers head for UK as Japan's imports fall
Cargo glut for 'dumping ground' Britain as Asian state slows demand
- Indonesia to sign up to key IMO conventions
Decision follows Sekimizu visit to Jakarta
- On a knife edge
Box line equilibrium hangs in the balance
- Essar Shipping turns away Iranian crude
Risk-averse shipping line halts shipments as sister firm continues to load
- US east and Gulf coast talks highlight dockers' wages and benefits
Negotiations continue between ILA and US Maritime Alliance
- South Sudan to resume oil exports next month
Breakthrough follows a new export deal between Juba and Khartoum
- US warns shipping to beware bogus surveillance in Middle East Gulf
Intelligence sources say suspicious activity may herald 'more specific interference'
- Pirates attack Sea Trucks vessel off Nigeria
Two guards killed and four crew kidnapped as west African incidents escalate
- Box trade forecasts face downgrade as Asia-Europe volumes decline
Higher freight rates should sustain revenues despite lower liftings
- Fuchs takes over at P+S
Former Sietas boss becomes chief executive of ailing yard
- Pakistan shipbreakers pay top prices for scrap
Gap widens between Asian rivals as Gadani pays top dollar for the right tonnage
- Belgium and Italy give the green light to armed guards
Belgium, Italy and Germany all make legislative moves to approve PMSCs
- Hartmann stays in product tanker sector
Leer-based shipowner to manage tonnage sold to private equity investor
- Negmar expands LPG fleet
Booming Turkish demand for auto fuel boosts small and medium-sized gas carriers
- Residents stand firm against new Dover Harbour Board sell-off plan
Lobby urges ministry to defend long-term investment and community role
- Tsakos mulls expansion for LNG and shuttle offshoot
Tanker owner more 'seasoned' than others in the segment
- VLGC owners push rates up as charterers lose upper hand
First real rise in three weeks after surprise cargoes come onto the market
- Too little, but not yet too late
India's government must offer sovereign cover to shippers of Iranian oil
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| AUGUST 6, 2012 |
- Massive suit targets Carnival
YET another Costa Concordia-related lawsuit has been filed against Carnival Corp - seeking $400M - by the estate of a violinist killed in the accident
- Ernesto scatters Carnival's cruise ships
CARNIVAL said today it had rerouted four cruise ships as Tropical Storm Ernesto headed towards Mexico's Yucatan Peninsula
- Sanko sheds Capesize fleet
SANKO Steamship has confirmed to Fairplay that it has redelivered some of its chartered-in Capesizes to their owners
- Essar profits rocket 186%
RUIAS-owned Essar Shipping said today net profits for its April-June quarter jumped 186% year on year
- Discounted bulkers snapped up by S&P buyers
ACTIVITY in the drybulk resale market has heated up, with 10 ships changing hands last week and discounted prices enticing investors
- Linde and Bomin form LNG fuel supply JV
GERMAN industrial gas supplier Linde and bunker supplier Bomin said today they are forming a maritime LNG supply venture in north European ports
- Russia conforming metal levies with WTO rules
RUSSIA is changing the current variable scheme of export duties on nickel and copper bulker cargoes to comply with World Trade Organization rules
- India's demand to boost VLCC tonne-mile
INDIA'S growing energy demands will boost VLCC tonne-mile figures, as Delhi sources oil from farther afield, UK broker EA Gibson has predicted
- Leftover VLCC finally sold
KNIGHTSBRIDGE Tankers has finally sold its 1996-built VLCC Hampstead after on-off attempts to sell it at a higher price
- Titan returns three tankers
FINANCIALLY troubled Titan Petrochemicals has returned three chemical tankers to the owner who sold them last week
- Keppel, SMM seen hitting order marks
KEPPEL and Sembcorp Marine order wins will undoubtedly hit a record this year, with "stronger-than-expected" contracts as the key catalyst, CIMB analyst Lim Siew Khee said today
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| AUGUST 6, 2012 |
- US Domestic Intermodal Growth Slows, But International Moves Rise
U.S. domestic intermodal growth slackened slightly as the economy slowed in the second quarter, but the transport of international containers...
- Eight Air Cargo Carriers Get Court Approval for Price-Fixing Settlement
British Airways and Chile's LAN Cargo were among eight airlines that got final court approval for a settlement in a...
- Gibson Guitar, Feds Settle Lacey Act Case
Gibson Guitar Co. agreed to pay a total of $350,000 to resolve a federal criminal investigation of allegations the company...
- Roadrunner Buys Two Refrigerated Trucking Companies
Roadrunner Transportation Systems acquired two refrigerated truckload carriers and expanded its credit facility to pave the way for more acquisitions....
- Charterer Rickmers Maritime Posts Profit
Container ship owner-charterer Rickmers Maritime reported a 4 percent rise in second quarter net profit but warned that charter rates...
- Evergreen Adds Jacksonville Call
Evergreen Line began regular service to Jacksonville with the weekend call of the Ever Unique, part of a joint service...
- New UPS Asia-Pacific Head Says Asian Prospects Still Positive
Global economic uncertainty is hurting Asian economic growth but the long-term outlook for logistics providers is still bright, according to...
- Texas Commission Recommends Changes in Houston Port Authority
At a time when cargo volumes moving through the Port of Houston are expanding rapidly, a commission set up by...
- Cargolux Names Interim President and CEO
Cargolux named Richard Forson as interim president and CEO of the cargo airline with immediate effect. Forson, currently senior...
- Nippon Express Net Profit Drops 8.5 Percent
Nippon Express Co., Japan's largest international freight forwarder, said that its net profit sank 8.5 percent in the first quarter...
- APL Resumes Services to Aden, Yemen
Singapore-based container carrier APL has resumed services to and from the Port of Aden, Yemen, after a two-week suspension. ...
- Industrial Real Estate Staging a Recovery
The industrial real estate market in the U.S. is bouncing back from the 2008-09 recession, but like the overall economy,...
- Commentary: Betting on Derivatives
Q: I've been reading about something called freight derivatives lately, and I have no idea what the term means. We're...
- Railroads May Be Nearing Their Profit Ceiling
The rate of profit growth major U.S. railroads can wring out of weak volume increases appears to be shrinking. ...
- Commentary: Reflecting on Higgs and Highways
With a single brief announcement on July 3, Rolf-Dieter Heuer marked the end of years of trials and tribulations. "I...
- SeaIntel Analyzes Shippers' Gaps in Reliability
When Danish research analyst SeaIntel released its ocean carrier reliability report for June, it revealed an interesting - and, for...
- Lawsuit Puts FMCSA on the Defense
After a brief off-duty break, the long-running battle over truck driver hours-of-service regulations is back on the clock, with trucking...
- FMC's Decision on Canada Diversions Splits Commissioners
When the Federal Maritime Commission launched an inquiry into shipment of U.S.-bound containers through Canadian ports, cargo interests and Canadian...
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| AUGUST 6, 2012 |
- US jobless rate up
Despite its economy adding another 163,000 jobs in July, the US unemployment rate rose from 8.2% to 8.3% last month, adding to incumbent Barack Obama's worries ...
- Containers on a Mexican wave
Ports in Mexico are among the fastest growing in the world when it comes to container traffic throughput performances with volumes up almost 17% in H1 12. The 2.32 ...
- TSA 'optimistic' about GRI as transpac volumes strengthen
Following last week's launch of the transpacific Stabilisation Agreement's (TSA) recommended general rate increase (GRI) its executive administrator Brian ...
- Maersk Strategy on track
At least that is what Nils Andersen, group ceo of AP Moller-Maersk Group (APMMG), has revealed in the latest issue of 'Maersk Post'. He was of course referring ...
- World Bank to aid Nigeria infrastructure investment
The Washington (DC)-based World Bank is set to lend Nigeria USD200 million to help the country improve its infrastructure. While the country has significant economic ...
- OOCL gears up for new Long Beach terminal with equipment order
Orient Overseas International Limited's container shipping arm OOCL is already preparing for its lease of Californian Long Beach port's Middle Harbor terminal after ...
- Sea Connect links UK with Russian demand
Lithuania-based domestic container and feeder operator, Sea Connect has extended its St. Petersburg schedule to include a UK call at the Port of Tyne [South Shields]; ...
- Matson posts mixed results
Matson has announced a mixed set of inaugural results since its separation from former parent Honolulu-based Alexander & Baldwin and its life as a listed ...
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| AUGUST 6, 2012 |
- Carnival in the crosshairs
- Haines in at Heidmar
- DNB promotes Papp
- Cargill charters capes
- Clarksons backs spin-off
Clarkson's Capital has thrown its weight behind Tsakos Energy Navigation's plan to spin-off its LNG and shuttle tanker fleets.
- Knight lands lifeline
- Baltic's $1bn bonanza
Russian yard wins contract to build giant ice-breaker for compatriot Atomflot.
- Jaya sheds a second
Jaya Offshore of Singapore has sold its second anchor-handling-tug-supply newbuilding in as many months.
- Swiber prints again
Singapore's Swiber Holdings has pocketed SGD 150m ($120m) from its ongoing notes push.
- Profit boost for Essar
Profitability of Essar Shipping has soared despite tough times in many sectors of the market.
- Double joy for Marco
Marco Polo Marine has doubled its second quarter net profit despite revenue being sliced by a third.
- Rickmers inches up
Rickmers Maritime has turned in a slightly improved second quarter profit.
- Petrobras greenlights rigs
Brazilian giant Petrobras has signed off on a series of 12 drilling rigs to be built in Brazil.
- Tsakos plans MLP trick
Tsakos Energy Navigation is looking to take a lead from John Fredriksen's box of tricks and spin-off its LNG and offshore activities into a master limited partnership (MLP).
- Bahri to plug gap
Bahri Dry Bulk is looking to charter a series of dry-bulk carriers to fill the gap before its newbuildings hit the water.
- USCG rescues crewman
A seafarer has been seriously injured in an engine room fire on a containership off southern California.
- Steady at CH Offshore
CH Offshore has seen little change in full-year net profits, but despite this shareholders are in line for a bonus dividend.
- Milaha profits inch up
Milaha, formerly Qatar Navigation, has seen a 5.5% increase in first half results despite stagnant growth in revenue.
- More joy for Genco
Genco Shipping & Trading saw its shares surge for a second day in a row Friday in the wake of its deal with lenders.
- Two killed off Nigeria
Robbers have attacked two offshore vessels off Nigeria Saturday killing two men and taking four others hostage.
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| AUGUST 6, 2012 |
- Oracle buys Xsigo for cloud boost
- U.S. exports slow, but equipment imbalance remains
The value of goods and services exported from the United States during the first five months of the year increased 5.6 percent from the same period in 2011. Overseas shipments of goods climbed 6.3 percent.
- Tosca buys GP's plastic container division
- Truckload carriers wary of CSA compliance costs
According to a recent survey of over-the-road carriers by the advisory firm Transport Capital Partners, three quarters of trucking companies believe their costs per driver to adhere to new CSA standards will be more than $500.
- Hapag-Lloyd sets low-sulfur NA fuel charge
The German line will introduce and revise its low-sulfur fuel charge, effective Sept. 3, for its transatlantic services to account for an emissions control area (ECA) off the coast of North America that went into effect on Aug. 1.
- TOTE to convert 2 Alaska ships to LNG
- Maersk's West Africa push
- Fujitsu chooses Cincom for kiosk logistics
- Charaf named Delta's cargo chief
He replaces Neel Shah, who recently stepped down from the position. Charaf, a 16-year veteran of the airline including four years as head of Delta Cargo, will maintain his current role as president of the airline's technical operations.
- Ex-Im Bank lifts turbine blade exports to Brazil
- Martin Bencher opens in SoCal
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| AUGUST 6, 2012 |
- Fujairah opens on firm note
General upward movement in prices seen across most markets.
- Bunker prices show strong gains in European ports
Markets shift upwards with double-digit gains seen in Piraeus.
- Korean cargo figures up over last year ago
But growth likely to stall on gloomy outlook.
- 'Bunker problem' bulker heads to China
New owners of renamed Panos Earth complete repairs faster than expected.
- First of its kind Mobile Phone App from Ocean Intelligence
'A must-have tool for any busy Maritime Credit Manager.'
- Chinese ports stick to growth
Ports activity increasing but slowing overall in first half.
- Development agency wants fresh study of fuel cell technology
Lessons from road-based project suggested similar technology could be used in ships.
- Rising bunker prices start week at major Asian ports
Supplies of bunker fuels mixed at key Asian ports on Monday.
- OPEC ramps up global demand estimates
Demand for natural gas also set to grow as North sea oil drys up.
- Bomin and Linde to develop LNG bunker infrastructure
'We want to offer LNG to ship owners as an alternative energy source.'
- Banks downgrade WFS shares
Lower rating a result of WFS's continued slow earnings growth, says Bank of America.
- US shipping firm gets ECA waiver
TOTE seeks to convert its vessels to LNG as their primary fuel source.
- Hanjin Shipping trims losses
Box division returns to black for first time in over a year.
- Low sulphur sales to be tracked by Singapore
MPA to track sales of LSFO product, add bunkering details to e-Pans and general declaration documents.
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