|AUGUST 8, 2012|
- Winter comes early with 400pc more containerships laid-up than last year
- Maersk group strategy pays off, getting rates back on track, says CEO
- Two Nigerian naval guards killed, four foreign workers taken by pirates
- EU lobby seeks European Commission to thwart 'unfair' China solar trade
- Kerry Logistics opens new freight offices in Myanmar and Sri Lanka
- Ten 'dry ports' of Tianjin see 11pc first half container volume growth
- Suifenhe checkpoint trade value to Russia increases 96pc in first half
- Logwin opens Fuzhou office as expansion in southern China continues
- Xiamen Airlines to spend US$3.5 billion to buy 40 Boeing 737-800s
- Global air freight capacity outpaces demand in June, says IATA report
- ANA back in black as profit rises 12.5pc to US$7.6 million, sales up 12pc
- Air France-KLM quarterly loss widens to US$76.8 million as cargo falls
|AUGUST 7, 2012|
- DB Schenker H1 profit & sales up
- Thaai Container Lines inaugurates corporate office in Chennai
- Flagging exports push dye units growth downhill
- Guar gum tops farm export list in 2011-12
- JBS Academy students visit Port Pipavav
- Kandla Port called on to develop barge jetties, back-up area for coal handling
- FTAs mutually beneficial to India & trading partners: Siddharth
- Montek revises GDP growth to 6 pc in FY13
- Fieo, BIMT launch Diploma in Foreign Trade
|AUGUST 7, 2012|
- Crowley's Harland testifies on USCG Arctic presence
- Excelerate Energy orders eight FSRUs from DSME
- Meyer Werft prepares to float out next Celebrity cruise ship
- Essberger signs 35 vessel broadband deal with Telemar
- Rand Logistics reports first quarter results
- Keppel firms up $4.1 billion order for Petrobras semis
|AUGUST 7, 2012|
- TOTE gains Coast Guard nod for Emissions Control Area waiver
- TSA reaches tentative deal with government employees union
- Port of Newport event to celebrate NOAA anniversary
- Coast Guard suspends search for man who fell overboard in Columbia
- Port of Camas-Washougal selling park passes, hunting/fishing licenses
|AUGUST 7, 2012|
- OSG share price surges in New York
Thomas Coleman buys 100,000 shares for $582,000
- Chinese steel output to fall this year
Reduced steel production could hurt capesize market
- Stena Line's North Sea route grows but passenger numbers dip
Ferry operator expects market to remain volatile to year-end
- Baltic Sea aframax spot market earnings drop below zero
Further Primorsk maintenance hits rates and fuel cargoes are a risky alternative
- Port planning requires strategic approach
Integrated ports policy essential to bring together issues relating to transport, environment and skills
- The art of patience
Taiwan's box lines play the waiting game well
- IG antitrust probe misplaced and mistimed, says broker
Investigation concludes that IG agreement does not need to change
- Eagle Ocean's fixed-premium P&I facility tops early predictions
Steamship Mutual also reports small investment return
- Drewry highlights uneven growth in box equipment
Price outlook stable for two years, says annual container census report
- Panamax dry bulk FFA volumes hit three-year weekly low
Miserable physical market dampens derivatives trade
- Greeks maintain midsummer boxship appetite
Numerous owners scouring the market for bargains, according to brokers
- MSC Flaminia is all at sea as shipmanagers plead for safe berth
Boxship needs shelter so firefighters can determine the cause of the blaze
- Textainer and SeaCube enjoy record results
Container lessors see second-quarter rises as customers avoid buying boxes
- Zhejiang Provincial Energy to seize control of Ningbo Marine
Chinese cargo owner builds up shipping capacity
- Analysis: Willing, yes. Ready? No
China's shipyards will struggle to fulfil the government's LNG transport goals
- Owners squeezed out of China's 60- vessel LNG carrier push
Southeast Asian demand is a more attractive proposition for owners carrying LNG
- Quality counts
Winning and delivering pose very different challenges for China's shipyards
- As certain as taxes
Evergreen flags support for the red ensign and its fiscal regime
- Debt inches up at Nordic American despite steady dividend
Work has commenced to extend maturity of $500m bank facility
- APMT steps closer to creating Moin box terminal
As court rules against lawsuits, terminals operator stays on target for 2016 opening
- Coscol shipments up 27.5% on year in January-July
Cosco's multipurpose vessel unit continues rapid expansion, despite industry downturn
- MSC charters out 13,000 teu newbuilding boxship to CMA CGM
Alphaliner report suggests the line is struggling to deploy all of its largest vessels
- Indian ports seek approval to issue tax-free bonds
JNPT, Mumbai and Ennore need private funding to increase capacity
- Indian government said to instruct owner to carry Iranian crude
But Great Eastern insists it has yet to receive notification
- Safe Bulkers beats sector blues with higher profits
Greece-based owner looks to new expansion
- MSC renews bunker surcharges
Levy to hit up to $910 per teu as carrier seeks to recoup soaring fuel costs
- Sanko Mineral release is confirmed
Arrested vessel handed over to charterer Western Bulk Carriers
- Evergreen to expand UK-flag fleet
Taiwanese line to register four ships in Britain after securing tonnage tax assurances
|AUGUST 7, 2012|
- Fire engulfs US refinery
CHEVRON today confirmed that a major refinery fire in northern California has been "contained", with a worker still being treated for minor injuries
- NAT trims losses
NYSE-listed Nordic American Tankers today reported lower losses than expected and reaffirmed its commitment to its dividend
- Charters shield Safe Bulkers
POLYS Hajioannou-chaired Safe Bulkers has navigated the difficult market with high charter coverage and credit access, earning analyst praise today
- Taken tug turns up
A PIRATED Malaysian tug and barge have been found berthed at Gensan shipyard in the southern Philippines
- Sanko ship released in US
SANKO Steamship has been granted the release of Supramax bulker Sanko Mineral from US arrest
- Oz miners snap up ships
CAPESIZES finally are finally showing some life, as Australian miners have raised export activity
- NOL seen turning profits corner
NOL PROFITS for 2Q2012 are expected "to improve", driven by higher freight rates and lower bunker costs, DBS Group Research said
- Speculation drives breaking rise
MORE SHIPS were sold for demolition last week, but cash buyers and brokers warned that the trend is speculative amid fluctuating steel prices and an unstable rupee
- MR chartering slows but orderbook grows
THE NUMBER of timecharter fixtures of at least one year for medium-range product tankers fell sharply last month, with spot rates courting operating expenses, brokers pointed out today
- Rush deals raise VLGC rates
A LATE rush to cover LPG cargos for July's last week resulted in VLGC rates returning to a 2012 hig
- More box ships idled
THE IDLED box fleet continued to nudge up in the second half of July, with more tonnage expected to be ejected out of liner services in coming weeks
- MPM profits surge 104%
SINGAPORE's Marco Polo Marine said today profits for the third quarter ended 30 June climbed 104% year on year to S$8.9M ($7.2M), despite order cancellation and lower ship chartering revenues
|AUGUST 7, 2012|
- Expeditors' Profit Declines 12 Percent
Forwarder and logistics provider Expeditors International of Washington reported a 12 percent decline in second quarter net profit as air...
- Study: Carbon Dioxide Emissions Decline in Shipping
The average carbon dioxide emissions in the global ocean transportation sector declined nearly 6 percent in 2011 compared to the...
- OCU-Management Talks Enter Second Week
Contract negotiations between the Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers have entered...
- Container Equipment Fleet Grew 8.5 Percent in 2011
The container equipment fleet grew more than expected last year even though new ship orders plunged in the second half...
- Diesel Prices Rise for Fifth Consecutive Week
Diesel prices in the U.S. jumped up more than 5 cents for the second time in three weeks, a sign...
- Salvors Resume Work on MSC Flaminia
Improved weather allowed firefighters to reboard the stricken container ship MSC Flaminia for the first time in a week to...
- Profit Slips 0.3 Percent at Kintetsu World Express
Major Japanese international freight forwarder Kintetsu World Express said its group net profit edged down 0.3 percent year-over-year to $30.42...
- Textainer Posts Second Quarter Profit
Container lessor Textainer Group reported a 10.5 percent rise in adjusted net income in the second quarter as an expansion...
- APM Terminals Gets Green Light on Costa Rica Project
APM Terminals said construction of a container terminal in Costa Rica will start on schedule in 2013 after a court...
- Sea Cube Income Jumps, Outpacing Revenue Growth
Sea Cube's adjusted net income jumped 26 percent in the second quarter from a year ago to $13.3 million, outpacing...
|AUGUST 7, 2012|
- London 2012 Oranje base served by Hutton's
- Hoyer to buy additional gas tank containers
Hamburg-based Hoyer, the specialist provider of bulk and tank container logistics services, is investing about EUR8(USD10 million) to buy several hundred additional ...
- Softship expands its North American operations
Softship, a leading provider of software for the global liner shipping and maritime agency sectors has expanded its North American operations by opening a new office ...
- ILA contract talks move forward
The issue of wages is likely to be discussed at the next US East Coast port labour contract negotiations, which are slated to take place later this month.A statement ...
- US Q2 intermodal volumes hit heights not seen since 2008
International rail growth accelerated during Q2 2012, posting its best quarterly result in a year and improving from Q1's 2.9% increase, according to the Intermodal ...
- SPA plans port upgrades
The Saudi Ports Authority (SPA) has announced a new round of capital expenditure for the country's ports with Dammam, the largest container-handling complex on ...
- NB 'holding up well' in Europe: expanding into Indian market
French transport and logistics group, Norbert Dentressangle [NB] said that it was 'holding up well in a flat economy' as it posted its interim results.Revenue growth ...
- MSC Flaminia: still looking for refuge
|AUGUST 7, 2012|
- Hajioannou says take it slow
- Excelerate returns to DSME
Excelerate Energy has firmed up options to construct up to eight floating storage and regasification units (FSRUs) at Daewoo Shipbuilding and Marine Engineering.
- SwissMarine keeps time
SwissMarine has added another capesize bulker to its chartered fleet, it is claimed.
- Safe to strike
Credit Suisse tips Polys Hajioannou-led owner to add to its newbuilding tally.
- Princess sued over dad's death
- Rongsheng on a run
China Rongsheng Heavy Industries' shares gained some traction today to recover a little of the ground lost following news of an insider dealing probe involving its chairman
- Courage makes cape return
Courage Marine has made a return to the capesize market and pocketed a couple of million dollars in the process.
- Greeks bin bulkers
Greek owners were at the head of the line in scrapping ageing dry-cargo tonnage this week.
- Prosafe pockets $55m
Prosafe has agreed to sell one of its accommodation jack-up rigs to a South East Asia buyer.
- NAT beats Q2 bets
Nordic American Tankers has kept its dividend unchecked after turning in a smaller than expected loss in the second quarter.
- Hornbeck seeks funds
Hornbeck Offshore Services is plotting a huge fundraiser a week after posting a drop in second quarter numbers.
- WW should buy new
Wilh Wilhelmsen should follow its rivals into the newbuiliding arena given the favourable state of the car carrier market, a leading analyst says.
- Profits jump at SeaCube
Joseph Kwok-led container leasing outfit sees numbers up as well as payout to investors.
- Sanko supramax free
Sanko Steamship has welcomed the release of one of its bulkers detained in the US by a string of creditors.
- OCBC ups Marco Polo
OCBC Investment Research has turned bullish on Marco Polo Marine after it posted "better-than-expected" results.
- Dutch in canal study
A Dutch consortium has won a contract to conduct a pre-feasibility study into the construction of a canal through Nicaragua.
- Hijacked tug recovered
A tug hijacked off the Philippines has been recovered, but six suspects aboard the vessel managed to escape.
- Safe holds steady
|AUGUST 7, 2012|
- State report critical of Port of Houston Authority
It recommends "bringing predictability, accountability, and a larger view to the (port) commission's governing structure by specifying clear appointment terms and term limits," and adding a governor-appointed board member.
- Xpress, M-O partner on cross-border service
M-O will carry freight across the Canada/U.S. border, while U.S. Xpress will be responsible for Mexico/U.S. border crossings. The border crossings served through the partnership are Buffalo/Niagara and Detroit/Windsor.
- CMA CGM raising U.S. reefer export rates
- Domestic intermodal volume up 12% in 2Q
- Zim adds 2nd Da Chan call on Asia-Med loop
- Costa Rica court rules in favor of APM Terminals
- DOT grant for Cincinnati/N. Kentucky airport runway
- Air France KLM July cargo volume drops
- XPO announces Q2 results, acquisition
- Cargotec joins zero-emission terminal demonstration
- NRS picks VeriWise for real-time visibility
- Centerbridge investment group buys Cardinal Logistics
- Fidelity installs RF system at WUT
- CBP's Trade Symposium rescheduled for late October
U.S. Customs and Border Protection has postponed its East Coast Trade Symposium until Oct. 29-30 to maximize participation. The event, to be held in Washington, was previously scheduled for Sept. 27-28.
- Gibson reaches agreement on Lacey Act violations
The guitar maker on Monday entered into a criminal enforcement agreement to resolve a U.S. investigation into allegations that it illegally imported ebony wood from Madagascar and rosewood and ebony from India.
- Washington Notebook: U.S. trade delegation arrives in S. Africa
- Shelat named WFS' VP cargo terminals in NA
|AUGUST 7, 2012|
- Japan wants clarity from Russia over Arctic route
Japanese government wants to attend Arctic Ocean Conference.
- Prices climb in Fujairah hub
Main fuel grade jumps by $9 a tonne while South African ports also showed gains.
- Brent's status fades as supply wanes
September futures contract trades against October was $1.55, up from $1.00 a week ago.
- Rotterdam and Hamburg bunker markets firm
Prices up in Rotterdam with August 10 earliest for delivery.
- 'Indispensable' for credit risk managers 'to be up to speed'
Leading credit risk analyst says need for bunker suppliers to manage risk 'remains acute'.
- First of two green bulkers delivered
Ship meets EC directives on port SOX emissions.
- Carbon emissions from container lines 'falling'
Average CO2 emissions for major shipping lanes 'down by nearly 6%'.
- Curoil appoints new managing director
Lasten wants to 'increase the frequency of contact' with clients and business partners.
- Bunker prices climb at Asian port hubs
Supplies of bunker fuels at key Asian ports largely fine on Tuesday.
- Liner company renews bunker surcharge
General increase joins bunker surcharges on several routes.
- New bunker tanker for CEPSA Panama
Ability to carry up to four different products provides 'great versatility in everyday operations'.
- O.W. Bunker expands US operation
'Critical time' for shipping industry with implementation of North American ECA, says US branch manager.
- IOCL expands product offering at Chennai
The refiner is now offering bonded 380 cSt bunker fuel at the port.
- Singapore-listed firm doubles quarterly profits
Marco Polo Marine notes 'strong start' for its bunkering joint venture with Marine Tankers Holdings.
- WFS signs acquisition agreement
Acquisition will further expand its presence in the branded wholesale market, says CEO Michael Kasbar.