|MAY 9, 2012|
- NYK, RCL jointly launch Thailand-Vietnam-Canton loop from May 13
- Emirates hikes rate US$250/TEU on Far East/SEA lanes on May 15
- Shandong's Weifang port quarterly volume up 23pc to 4.46 million tonnes
- Ningbo customs' quarterly trade value 4.7pc up to US$45.2 billion
- Charleston adds new NWA/Evergreen Far East service via Suez Canal
- HMM Q1 operating loss rises to US$177 million with lower volumes and high fuel costs
- Port of Gothenburg sees record box throughput in Q1 by handling 233,000 TEU
- Cape Town cold chain conference delegates see cutting costs vital to Africa
- Sudden shutdown of start-up American Feeder Lines hits Maine hard
- Panalpina selects RedPrairie supply chain software to support expansion
- Uptick in March boosts Atlas Air first quarter profit 7pc to US$13.6 million
- Arab aviation lacks open sky policies that would exploit full potential
- Transferring light aircraft to Sangley Point to ease Manila congestion
|MAY 8, 2012|
- Bharati Shipyard unveils deepwater rig
- GE Shipping contracts to sell MR product carrier
- ICS seminar focuses on recent legal developments
- Maersk Line report focuses on shipping's role in global trade & development
- NYK, RCL to launch Thailand-Vietnam-Canton service
- Singapore Minister stresses on innovation in maritime sector
- Iran looking at importing farm products from India
- Iraq supplants Iran as India's 2nd largest crude oil supplier
- Oilmeal exports slip 22 pc in April
- POY imports from China to attract anti-dumping duty
- Dhamra port handles 6 mt cargo in debut year
- Kandla Port workers celebrate Labour Day
- India may open more land border crossings to boost trade with Pakistan
- Rlys' decision to suspend terminal access charge brings respite for CTOs
- Exports to Japan jump 21.5 pc in 2011-12
- Oil sinks to 4-month low
|MAY 8, 2012|
- SBB Cargo awards its "prix éco"
Switzerland's national freight railway SBB Cargo has honoured two companies that made a particularly significant contribution to protecting the environment by using the railway to ...
- Braemar appoints new regional director for the Far East
Braemar Technical Services (Incorporating The Salvage Association) is pleased has announced the appointment of Graeme Temple to the role of Regional Director for its Far East regio...
- Chile joins International Transport Forum
Chile has become the first South American country to join the International Transport Forum (ITF), an intergovernmental transport-policy body housed at the Organisation for Economi...
- New managing director for DSLV in 2013
The Association of German Freight Forwarders and Logistics Operators (Deutscher Speditions- und Logistikverband/ DSLV) has selected Frank Huster to be its new managing director wit...
- Forecast: four times more freight traffic in 2050
By 2050 the volume of global freight traffic will increase between two and fourfold compared to that of today, and double in the OECD states. This information stems from a document...
- Oman Container Lines expands its fleet
The increasing demand for sea transportation has convinced Oman Container Lines (OCL) to expand its fleet of container vessels by an additional unit called the "Altonia"....
- Cargojet Airways to operate freighter to Cologne
Cargojet Airways began to operate a weekly B767 freighter service to Cologne (Germany) at the end of April. The flight connects Cologne Bonn airport with Greater Moncton airport in...
- New secretary general elect of the International Transport Forum
Professor José Manuel Viegas, a Portuguese citizen, has been chosen as secretary general elect of the International Transport Forum, an intergovernmental organisation within the OE...
- Kuehne + Nagel launches new airside service at London Heathrow airport
A new airside service at Heathrow airport (UK) has been launched by the giant logistics service provider Kuehne + Nagel to enhance its critical spare parts logistics offering to th...
- Global Container Service Group invests in intermodal wagon fleet
Russia-based Global Container Service Group (GSC) plans to increase its fleet of long-term leased flat wagons to more than 450 units. The company has now begun taking delivery of 2...
- Samskip acquires containerships "Arnafell" and "Helgafell"
Samskip has acquired the container vessels "Arnarfell" and "Helgafell", both of which have been deployed by the company as charter vessels on the r...
- Panalpina posts Q1 loss and turnover drop due to antitrust fines
Panalpina, a Basel (Switzerland)-based logistics corporation, reported that its first quarter turnover in business year 2012 fell to CHF 1.54 billion, a 7% decrease from the CHF 1....
- Hellmann Worldwide Logistics expanding in Bielefeld
Hellmann Worldwide Logistics, a global logistics service provider based in Osnabruck (Germany), is expanding its Bielefeld (Germany) location and securing 100 jobs at the same time...
- Boeing B747-40F joins Etihad Airways fleet
Etihad Airways has signed a contract with Atlas Air to provide the UAE flag carrier with its first Boeing B747-400 freighter. The aircraft, with a payload capaci...
|MAY 8, 2012|
- Dakota Creek AGOR newbuilds to have Siemens diesel electric...
- Bangladesh shipbuilder launches ferry for Danish owner
- GEA Westfalia Separator appoints authorized distributor for Gulf...
- Sembcorp Marine's PPL Shipyard books order for Pacific Class 400...
- Navios Acquisition turns in loss, declares dividend
- New superstructure design couples anti-piracy features with...
|MAY 8, 2012|
- WTSA member carriers eye protein cargo rate increases
- Panama Maritime Authority taps firm to develop box terminal
- Evergreen chairman receives Order of the Rising Sun honor
- Maritime Administration report details North American cruise industry
- General Dynamics NASSCO launches final T-AKE vessel
|MAY 8, 2012|
- Onassis Prizes honour top academics
Nobel Laureates select winners of prizes for shipping, trade and finance
- We like fast, but we prefer predictable
Walmart's head of logistics tells Lloyd's List what he wants from the shipping industry
- Unhelpful behaviour
Shipping's financial struggles are putting pressure on the global supply chain
- Fast train to China
Why BMW is shunning ships in favour of rail
- New world for China's ports
The shift in nation's industrial base will open new opportunities and make sector more competitive
- Big box lessors get a boost
Fleet expansion at Textainer and Sea Cube lifts first-quarter results
- Liquidation plan agreed in Marco Polo Chapter 11 case
Senior lenders refrain from enforcing super-priority claims, leaving unsecured creditors with 5% return
- New cruiseship important stepping stone in Costa's recovery
Lessons from Costa Concordia inform new safety measures
- Slow aframax market could last until June
Lack of cargoes drags down rates in European waters
- Excel gives mandates for $35m ATM offering
Dry bulk owner acts early to come up with additional equity demanded by banks
- Contract logistics and sea freight boost Ceva's first quarter
But air freight fails to fly
- DP World to sign up first London Gateway logistics customer
Exclusive: Dubai ports giant negotiating with Uniserve
- On slippery ground
An effort should be made to draw a line between shipping and politics
- CSA calls on Vale to 'modify' VLOC capacity
Chinese ports restricted to 350,000 dwt bulkers, say country's shipowners
- VLCCs to benefit as Saudi Arabia ships more cargoes to the US
Vela is making its presence felt on the spot market
- Navios Acquisition posts lighter loss than forecast
Angeliki Frangou-led tanker owner awaits boost from 14 product tanker deliveries over next two years
- Iran says sanctions undermine international treaties
Tehran warns that nothing will stop its scientific development
- China set to break monthly coal import record
Research house Commodore forecasts country could take in 25m tonnes by July, up 43% year on year
- EU Navfor renews commitment to shipping
Operation Atalanta focuses on specifc initiatives to aid the passage of trade
- Increased volumes boost DHL
Falling ocean freight business supported by land transport
- MSC and NYK join latest Asia-Europe rate recovery drive
New increases will take effect from June
- Unfinished quay could delay Wilhelmshaven launch
Deepwater terminal has piling problems
- The big squeeze
Europe's major players must return to ship financing
- APM goes greener at Laem Chabang
RTG fleet converted to use electricity
- Shanghai reports slowdown in growth
World's busiest port reflects weak global business climate
- Drydocks World seeks to adjourn debt hearing
Decree 57 lets state-owned group restructure under insolvency protection
- NYK launches Thailand-South China service with RCL
Japanese shipping giant drops service with Vinalines Container Shipping
- Etihad Rail to build Jebel Ali link
Intermodal terminal will connect to UAE, GCC and beyond
- RFA ratings join UK public sector pension strike
Union urges members to walk out on Thursday
- Owners are entitled to earnings after charter withdrawal
UK Supreme Court finds against Petroleo Brasileiro
|MAY 8, 2012|
- 'No talks' on piracy convention says IRI
THE Marshall Islands ship register has distanced itself from comments made last week by Clay Maitland, managing partner of the register's administrator, International Registries Inc (IRI)
- FreeSeas details cash crunch
NASDAQ-listed FreeSeas has confirmed substantial doubt about its ability to continue as a going concern in its newly filed annual report
- Bangladesh's breaking yard prices firm
BREAKING yards in Bangladesh are this week maintaining their aggressive pre-monsoon tonnage purchases
- Rieber wants all of Armada
GC RIEBER Shipping has offered to acquire all outstanding shares in Armada Seismic it does not already own
- Indonesia taxes and restricts ore exports
A 20% export tax on Indonesian metal ores has kicked in, which could knock the drybulk sector
- Box profits lift BLG
GERMAN ports-to-logistics group BLG Logistics increased its 2011 operating profits by 27% on record turnover
- Migrant bodies said thrown into sea
SEVEN people being smuggled to Malta reportedly died on a boat trying to reach shore
- Fredriksen: just getting started
SHIPPING magnate John Fredriksen was reported today to be mulling billions of dollars more in S&P deals
- Marubeni profits rise 24%
JAPANESE commodity trader Marubeni posted ¥172.1Bn ($2.15Bn) in net profits for the financial year ending 31 March, up 24% year on year
- KG-owned Panamaxes sold
GERMAN bulker owner and manager H.Vogemann told Fairplay today that four Panamaxes under its management have been sold
- COSCO-HIT terminal buoys HPH Trust profits
SINGAPORE-listed HPH has reported net profits of HK$462.8M ($59.62M) in Q1 2012, 1% higher than projected net profits of HK$459.4M ($59.19M)
- Profits fall 21% at COSCO Singapore unit
COSCO Corp (Singapore), the yard and drybulk arm of China COSCO, said today 1Q12 profits dropped 21% year on year to S$27
- HMM's losses worsen
HYUNDAI Merchant Marine has reported operating losses of 200.8Bn won ($176.7M) for 1Q12, much worse than operating losses of 27.37Bn won in 1Q11
- VLGCs seen stabilising
SPOT RATES for VLGCs are likely to stabilise soon, after their bull run of recent weeks, shipbrokers and analysts said
- Italian ship in deaths inquiry finally leaves India
THE ITALIAN oil tanker detained off Kerala since 15 February has finally sailed to Colombo
|MAY 8, 2012|
- Trucking Needs New Driver Strategy, Says U.S. Xpress' White
Truckload carriers need a "fundamentally different" strategy to attract potential drivers, John White, president of U.S. Xpress, said in an...
- West Coast Dockworkers Voice Support for East, Gulf Coast ILA
The International Longshore and Warehouse Union issued a statement Tuesday alerting the maritime industry that West Coast dockworkers fully support...
- Trucking Executives Warn Shippers on Costs
Trucking executives sounded a clear warning about rising costs Tuesday at the National Industrial Transportation League's Freight Policy Forum in...
- Trans-Pacific Carriers Plan Westbound Rate Hikes
Trans-Pacific carriers announced proposed rate increases of $300 to $400 per 40-foot container unit, effective July 1, on shipments of...
- Siemens, DB Schenker Sign Global Framework Agreement
Siemens and DB Schenker have signed a framework agreement, which covers the global contract logistics relationship between the two German...
- Textainer Profit Rises as Box Fleet Expands
Textainer Group, the world's largest intermodal container lessor, reported first quarter net income jumped 34.2 percent, aided by a 20.1...
- Zim Disputes S&P Rating Downgrade
Zim Integrated Shipping Services has taken exception to a credit downgrade by the Israeli affiliate of Standard & Poor's, which...
- CEVA Logistics Profit Fell 7 Percent in First Quarter
CEVA Logistics, which has filed for an initial stock offering, said its first quarter revenue rose 2 percent but earnings...
- Domestic Intermodal Container Volume Jumps 14.9 Percent
Domestic intermodal container volume in the first quarter surged 14.9 percent year-over-year, outpacing international intermodal traffic gains by a wide...
- Party Ending for Asia-Europe Carriers
Freight rates in the key Asia-to-Europe container trades appear to have peaked after a nearly fourfold increase since December, and...
- Diesel, Oil Prices Hit Lowest Point Since February
Diesel prices across the U.S. fell to their lowest point in 10 weeks, slipping 1.6 cents in the week ending...
- BNSF Boosts Profit 16 Percent on Mild Volume Gain
BNSF Railway boosted profit nearly 16 percent year-over-year to $701 million, as higher pricing and a 3 percent volume rise...
- Operations Return to Normal at Port Klang
Operations at Port Klang have now returned to normal following strikes by truck drivers last week. The strike caused...
- Emirates Shipping to Hike Far East Asia Rates
Middle Eastern carrier Emirates Shipping Line will raise its rates on cargo moving on its Far East and intra-Asia services,...
- South Korea Ports Handle Record Container Volumes
Box volumes at South Korea's ports reached a record high in April as transshipment traffic drove growth. Figures released...
- Customs Set to Hold First West Coast Trade Symposium
When U.S. Customs and Border Protection holds its first-ever West Coast trade symposium Thursday in Long Beach, the message to...
|MAY 8, 2012|
- BA's Exolgan terminal buys more Liebherr units
The Exolgan Container Terminal in Buenos Aires is to raise its container-handling capacity by buying an additional ship-to-shore gantry crane. In doing so, the ...
- SeaCube sharply up in Q1 12
Park Ridge (NJ - US)-headquartered SeaCube Container Leasing Ltd, which has one of the biggest rental fleets of reefer containers and generator sets in the world, ...
- HMM's operating losses plunge deeper for Q1
Hyundai Merchant Marine (HMM) is the latest carrier to announce poor quarter one results on the back of plummeting freight rates and high bunker costs. The South ...
- Le Havre back on course
Le Havre increased its container traffic by a remarkable 21% in Q1 12, compared to the same period last year, up to 620,000TEU. Given Rotterdam's decline ...
- Another Asia - US East Coast service to launch
- Maersk to abort Andean operation
Copenhagen-based Maersk Line has blamed years of poor freight rates and increases in operating costs for its decision to stop its direct call service linking northern ...
- Zim Line's credit rating reduced
Standard & Poor's Israeli arm Maalot has reduced Zim Line's bond rating to ilB with a negative outlook. The rating agency has clearly been frightened by ...
- Eithad Rail and DP World sign ICTF MoU
Abu Dhabi-headquartered Etihad Rail - the builder and operator of the UAE's national railway system and DP World, which operates the country's premier container ...
- Bunker price slide relief for liners
The price of Rotterdam-sourced IFO 380 tumbled another USD17 per tonne yesterday following Friday's fall of USD15. At USD650 per tonne bunkers are some USD50 cheaper ...
|MAY 8, 2012|
- Safe eyes eco-bulkers
US-listed bulker owner's appetite for energy-efficient newbuildings undeterred by drop in first-quarter profit, president says.
- Bocimar seals cape coup
Belgian owner confirms acquisition of bulker resales originally ordered by Grand China in deal worth an estimated $73m.
- Big guns in power struggle
With the publication of the TradeWinds Power 2012 less than a month away now is your chance to help pick the winners.
- NAT clings to hit list
US-quoted owner still has what it takes to snap up suezmaxes and dish out dividend despite earnings miss, analyst says.
- NNA defies Street prophecy
Red ink stains Angeliki Frangou-backed tanker owner in the first but results are still above key market indicator.
- Ships flowing from K Line?
Japanese owner said to be selling modern aframaxes Temasek River and Raffles River.
- Tokyo time bomb
Talks over charter hire deferrals hit the skids as Sanko Steamship grapples with dry arrest and damage claims totalling $16m.
- Russian duo sold
Polembros linked to deal for former Novoship suezmaxes Naviga and Nautic.
- Big John reveals $12bn plan
Credit card has even more flex than the market thought following Seadrill share sale, Fredriksen explains.
- 'Exxon Valdez' barred
Even former spill tanker's demise is proving controversial as India's supreme court blocks it from beaching at breakers' yard.
- STX to build Kazakh yard
Korean group eyes new Caspian Sea plant in partnership with state-owned engineering company.
- Siem profit skyrockets
Terje Sorensen-led offshore vessel owner sees first quarter earnings spiral.
- Cosco Corp profit shrinks
Chinese yard group's earnings down in first three months, but it hopes move into offshore can give it a boost.
- Inui falls into the red
Shrinking revenue proves costly for Japanese bulker owner in year ended 31 March.
- Jinhui faces profit slump
Oslo-listed bulker owner braces investors for a significant decline in its first quarter bottom line.
- Slump beats Braemar profit
Alan Marsh-led shipbroker sees its full-year numbers dragged down by weak markets and a falling orderbook.
|MAY 8, 2012|
- Report: CEVA plans $400 million IPO
- Hapag-Lloyd drops slots on Hyundai's KMS
- Regal Logistics starts chassis pool service
- Evergreen chairman honored in Japan
- Long-time Murphy Warehouse head dies
- Troy starts Chicago-to-Rotterdam service
- Pacer in multiyear deal with CSX
- Great Lakes coal drops 3.8% in April
- WNS pairs with GT Nexus
- WTSA recommends rate hikes for meat, poultry, hides
|MAY 8, 2012|
- IBIA to raise membership fees
Increase taking effect from July 1, 2012 to 'keep pace with operating costs'.
- European bunker prices lack direction
Tuesday's prices seen an end to the sharp falls of recent days.
- Shipping crisis to last 'two to three years'
Fredriksen says many companies 'are not going to make it'.
- Prices continue to fall in Fujairah
Suez prices stable.
- Global spot fuel oil shipments up 8.8%
Poten & Partners examines top spot fuel oil charterers and routes during the first four months of 2012.
- Judge rules against claim by Chinese bunker supplier
Hong Kong Admiralty Judge says Chimbusco failed to show that vessels supplied with fuel were controlled by Maruba.
- ECO2 Inland Vessel project to examine LNG as fuel
New 135 metre dry cargo 'pilot' vessel to be equipped with dual-fuel engines in project aimed at identifying the most efficient and economical power systems.
- ClassNK collaborates with software firm for SEEMP solution
New solution will be able to reduce fuel consumption by as much as 20%, says President of NAPA.
- Gulf Petrochem to start trading middle distillates
Group says move will 'sustain its gains in Middle East and strengthen its global presence.'
- IFO prices generally softening in Asian ports
Supplies of bunker fuels 'fine' on Tuesday.
- Bank maintains rating of marine logistics firm
Marco Polo Marine set to establish a joint venture to own and manage bunkering vessels, says OCBC Investment Research.
- Return of zombie refineries a 'lesson' to tanker owners
Lower asset prices of less fuel-efficient tankers may earn 'suitable returns' for their new owners, shipping analyst says.
- Hyundai Merchant Marine Q1 net loss widens
Fuel costs jumped 47%, offsetting rise in box shipping rates.
- Singapore to see higher fuel oil arrivals in June
As larger fuel oil shipments are fixed to arrive at the port from Europe and the Caribbean.
- APL receives its 'most fuel-efficient' vessel
APL Southampton fitted with ballast water treatment system and electronically-controlled main engine.
- South Korea bunker output stable in May
Refiners to produce between 660,000 to 680,000 mt of bunker product.