|JULY 9, 2012|
- Asia-Europe rate recovery sours, spot rates off 3.2pc to US$1,828/TEU
- MSC takes 10pc of Switzerland's Crossrail with its strong links to Antwerp
- Hong Kong retail sales value up 8.8pc in May as volume grows 5.8pc
- Qingdao expects more growth as first half box volume tops 7 million TEU
- Dredged to 21 metres, Tianjin's extended navigation channel completed
- Wuhan starts building US$61.4 million port with 330-metre quay
- DP World compelled to sell Adelaide container terminal to Flinders
- CEVA enters co-operation arrangement with Shanghai's Shine-Link Logistics
- Cargo hungry coastal Chinese fleet turns trading on the high seas
- China's civil aviation industry maintains 17.6pc annual growth rate
- Shippers faulted for not opting for more costly transport to reduce C02
- Qatar wants to invest in Saudi domestic air sector but barriers remain
|JULY 8, 2012|
- Allcargo Logistics inducts Hari Mundra to Board of Directors
- Baltic Exchange plans to double Asian membership in 2 yrs
- Most carriers now operate above break-even level: Drewry
- SCI launches e-procurement system
- Govt imposes wide-ranging anti-dumping duty on soda ash imports
- Govt maintains status quo on sugar quota for July-Sept.
- Govt may impose higher duty on power equipment
- Govt puts off potash imports until fiscal-end
- Govt removes floor price on Basmati
- Industrial goods exports need firm impetus: Basu
- Ore export duty structure to be reviewed: Patel
- Wheat exports touch 1.3 mt since lifting of ban
- Cochin Port workers seek Centres help to get delayed projects on track
- European container shipping growth expected to be sluggish
- Hi-tech VTM system to keep vigil over ships near Chennai Port
- Irans Chabahar port plans on becoming ideal route to Afghanistan
- KoPT expects all-weather channel to be operative by Oct.
- 9 pc growth target not feasible: Montek
- Crisil expects INR to firm up to 50/$ by March 2013
- Forex reserves at $ 289.99 bn as of June 29
- India displaying lagged effects of tight monetary policies: Fitch
- India, Mauritius to expedite trade pact talks
- INR firms up to 55.42 against dollar despite midweek fall
- Atulya Misra to grace SECC 2012 as Guest of Honour
- MACCIA seminar on how to be a successful service provider
- The right to export
- Dextra executes delicate operation
- Prangl transports wind turbine rotor blades
- Rhenus Midgard handles subsea cable logistics
|JULY 6, 2012|
- Relaunch of service between Kamchatka and Alaska
After a break of five years, the service between Kamchatka (Russia) and Alaska (USA) will be restored this summer. Starting next Thursday, 12 July, the Russian carrier Yakutia Air ...
- Toll to sell Toll Refrigerated business
Toll Group has announced the sale of the Australian interstate linehaul and warehousing operations of its Toll Refrigerated business to Automotive Holdings Group Ltd, owners of Ran...
- AirBridgeCargo Airlines arranges a trip to dentist for famous Atlantic walrus
When the star attraction at Russia's Udmurtskiy Zoo needed some urgent dental work, AirBridgeCargo Airlines (ABC) was the only way to fly! Sgata-Neseyka, a rare subspecies of Atlan...
- Erik Lindbergh joins Air Charter Service as brand ambassador
Erik Lindbergh, grandson of the legendary pioneer of aviation Charles Lindbergh, has joined the aircraft charter specialist Air Charter Service as a brand ambassador. In 2002 - the...
- BLS Cargo to deploy last-mile locomotive
BLS Cargo, a private Swiss freight railway, will become the first company to commercially deploy three leased last-mile locomotives from 2014. The last-mile units, powered by alter...
- International Transport Danmark joins international environmental organisation
The International Transport Danmark (ITD) is now an associated member of the new organisation Green Freight Europe (GFE). Behind the organisation are large companies working for th...
- Hamburg Süd aiming to cut emissions by 2020
The German shipping line Hamburg Süd is aiming to reduce the CO2e emissions of its owned and chartered container vessels by 26% per unit of transport capacity (teu/km) by 2020. Bes...
- RZD and Sinara ink contract for locomotives
Russian Railways (RZD) and the Sinara group have signed a contract for the development and production of GT1h mainline gas-powered turbine locomotives. Under the terms of the agree...
- Pattonair appoints new quality director
Pattonair, a global aerospace and defence supply chain service provider, has appointed Richard Hawkins as its new quality director. Hawkins joined Pattonair from Rolls-Royce, where...
- Saddle Creek Corp adds Freightliner CNG tractors to its for-hire fleet
Freightliner Trucks, a division of Daimler Trucks North America, headquartered in Portland OR, announced that Saddle Creek Corp has added 40 Freightliner Business Class M2 112 comp...
- Air cargo throughput recovery in Cambodia
Air cargo throughput at Cambodia's main airports Phnom Penh and Siem Reap continues to soar. After an increase of 58.8% in May, which took volumes back to the pre-crisis level of 2...
|JULY 6, 2012|
- GAO: Still some weaknesses in Kings Point internal control...
- Korean Register dithers on call to stop services to IRISL and...
- Stena Bulk and Concordia order new design chemical tankers at...
- TTS Group buys Hamburg marine crane manufacturer NMF
- Golar LNG wins FSRU contract for Chile's Mejiliones Seaport...
|JULY 6, 2012|
- The Greenbrier Companies releases fiscal third quarter numbers
- Port of Longview taps Hendriksen as Planning/Environmental Services boss
- Maersk Line vessel rescues sailor who fell overboard
- Washington Governor in Ireland for week-long trade mission
- Rail traffic numbers roll to up/down week
|JULY 6, 2012|
- Vietnam's coal exports fall 16.2% due to export tax
Protests against duty increase as economic growth slows
- Indonesian coal miner Bumi says production will rise 75% in two years
Company ignores government desire to reserve more coal for domestic consumption
- Pipeline to bypass Hormuz Strait is weeks away from full operation
Arab states seek alternative route to market after Iran threat to block strategic waterway
- Greek government's talks with creditors focus on port concessions
Privatisation in return for bailouts appears to be off the table
- Lloyd's Register lead analyst to head PMSC regulation project
IMO member states want accreditation to underpin proposed industry standards
- Shipowners face increase in fatigue claims in court
US claim against Maersk paves the way for lawsuits in other jurisdictions
- Study highlights the dangers of tiredness at sea
Sleep deprivation threatens seafarers' physical and mental health
- Golar LNG wins major FSRU contract off Chile
Floating regas market continues to grow in popularity
- Sumatec Resources' sale of shipping unit frees it to pursue energy ambitions
Deal will lop off the bulk of Malaysian company's debt and allow it to stay listed
- Europe's container imports shrink as recession returns
Volumes from Asia and North America decline in May
- China bound
European banks are holding the exit door open
- A little respect for all
Nautical Institute president sets out agenda based on fair treatment for seafarers
- Box Ships clinches loan for OOCL duo
Michael Bodouroglou-led firm adds $25m ABN Amro facility to help pay for latest pair of post-panamaxes
- Japanese shipowners join Panama toll hike protest
Canal authority faces new pressure not to make waterway more costly for vessels
- HHI wins Turkish order for up to four LPG carriers
Negmar Marine seals deal for 38,000 cu m vessels at $50m each
- Brazil's bumper corn crop destined for China
Long-haul trade could be boon for small bulker demand
- Investors sought too steep discounts, says Universal Maritime chief
EXCLUSIVE INTERVIEW: Dropped flotation points to hard times for Oslo IPOs
- Tankers on alert as protesters shut down Libyan oil terminals
Stoppage at Ras Lanuf threatens vital oil cargoes amid rising Middle East tensions
- TTS Group buys Sietas crane maker NMF
All the bankrupt shipbuilder's businesses have found new buyers
- Capesize market brightens at last
Relief as owners push to sustain higher rates
- Treading water
New data reveals no end in sight for eurozone box woes
- Commerzbank to help owners with restructuring
Withdrawal from ship finance will happen organically and over the long term, says government official
- Shanghai port throughput lags slightly in June
Report comes amid rate cuts and easing of lending rules by China's central bank
- Construction finishes at first new port in post-Soviet Russia
Imeretinskiy on the Black Sea will handle cargo for the Sochi Winter Olympics
- European transport firms urge Brussels to ring-fence funds
Connecting Europe must allocate $40bn to infrastructure, say groups
- Peel seeks partner for wind turbine plant
Vacancy opens after Vestas walks away from option to develop Kent port base
- Cargotec supplies eight reachstackers to HCCR
Hamburg-based empty box handler upgrades its equipment
- BLG aims for record full-year vehicle throughput
Europe's largest car terminal reports 8% first-half growth
- Shareholders ratify DHT reverse stock split
Tanker company's backers give blessing to moves to tackle NYSE delisting warning
- Court rules against Yangzhou Guoyu bid to recover payment guarantee
Chinese yard turns to September arbitration in dispute with Emporiki Bank
|JULY 6, 2012|
- Second ratings warning for SCF
A SECOND international ratings agency has downgraded Sovcomflot (SCF), the state-owned Russian tanker company
- Russia warns Turkey over Syrian shipping
RUSSIA has warned that Turkish cargoes heading for Russia may be stopped, following several recent episodes in which the Turkish armed forces attempted to interfere with Russian vessels delivering cargo to Syria
- VLCC earnings go negative
VLCC earnings have sunk to negative territory on the main routes, as Worldscale rates hit a new 2012 low yesterday
- Supramaxes still ride high
TIGHT tonnage lists and the flow of Indonesian cargoes are sustaining the Supramax rally in the Pacific, but the Atlantic market remains stronger
- Cosco reassures investors
COSCO Corp (Singapore) said its orderbook might be subject to revisions as it receives cancellations and rescheduling of orders because of "difficult" business conditions
- Eneos Globe to buy LPG from Enterprise
ENEOS Globe, Japan's biggest LPG importer, said today it has signed a contract with US midstream energy provider Enterprise Products Partners
- Concordia captain's house arrest ended
COSTA Concordia's Italian captain Francesco Schettino has reportedly been released from house arrest
- Capesizes race on rebound of iron ore to China
RESTART of iron ore exports to China has pushed up Capesize rates all week, and brokers told Fairplay they expect the BDI to rise again today
- CMA CGM won't go it alone at Abidjan
CMA CGM has decided not to bid alone for the planned box terminal at Abidjan, Ivory Coast
- Sanko to cancel costly charters
SANKO Steamship will cancel expensive charter contracts to stay afloat, according to its new president
|JULY 6, 2012|
- Four Railroads Appeal Class Action Status of Price-Fixing Lawsuit
The top four U.S. railroads this week appealed the upgrading of a price-fixing lawsuit to class action status, arguing no...
- Commentary: Delivery Delay Gives Carrier the Chills
Q: We're a motor carrier and had a fairly unusual load of refrigerated goods recently. It was partly fresh produce...
- Transport Employment Drops Slightly
Transportation and warehousing lost about 2,200 jobs in June, after a 36,000 job hiring spree in May, according to data...
- APM's Vietnam Terminal Expects 600,000 Containers This Year
Cai Mep International Terminal will handle close to 600,000 20-foot equivalent units in 2012, representing 50 percent of the containers...
- Few Trucking Jobs Added in June
The Journal of Commerce Trucking Employment Index edged up one-tenth of a percentage point in June as trucking hiring slowed...
- Japanese Shipowners Call for Withdrawal of Panama Toll Hikes
The Japanese Shipowners' Association voiced strong objections on Friday to the toll increases proposed by the Panama Canal Authority and...
- Kuehne + Nagel Acquires Canadian Perishables Forwarder
Kuehne + Nagel is acquiring the business contracts of Canada's Perishables International Transportation in the latest expansion of Swiss logistics...
- Maersk to Raise India-Latin America Rates
Maersk Line will seek a general rate increase on shipments from India to Latin America, effective Aug. 1. The...
|JULY 6, 2012|
- Winter Olympics inspires new Russian gateway
Basic Element Group has completed the construction of a temporary cargo handling facility in the Russian port of Sochi to help get the next Winter Olympics underway ...
- Ports and terminals shortlisted for CI-Awards 2012
Ports and terminal operating companies have enjoyed far better financial performances than many other sectors in the global container industry, with the leading ...
- Transpac rates drop for first time in three weeks
Transpacific spot rates have fallen for the first time in three weeks since carriers' peak season surcharge came into effect in June and immediately lifted rates ...
- US intermodal volumes on target to reach record levels for 2012
US average weekly intermodal volumes for last month have hit the highest volumes for any June on record with indications suggesting that 2012 will reach ...
- 'Relief' for APM T & DPW in Mumbai
The operators of the two biggest box terminals at India's Jawaharlal Nehru Port [JNP] have won an 'ad-interin stay' from the Mumbai high court on port charge ...
- HPH reaches testing mode in Barcelona
Hutchison Port Holding's Terminal Catalunya (TERCAT) subsidiary has started testing its much delayed Muelle Prat container terminal in Barcelona. MSC's feeder ship ...
- CMA CGM confirms its interest in Abidjan
Marseilles-based CMA CGM has confirmed that it is interested in bidding for the development and operating concession for the second container terminal planned for ...
- Oil prices firming up
Just when ocean carriers had begun to celebrate lower operating costs for their ultra large container ships [ULCS] by reason of a significant fall in the cost of ...
|JULY 6, 2012|
- Golar going for a third
John Fredriksen's Golar LNG is preparing a fresh FSRU newbuilding order to fill a near $50m per year contract off Chile, it is thought.
- Anchor-handler burned
An Indian anchor-handler has been hit by a fire off Kakinada.
- DFDS bags Volvo deal
Danish ro-ro owner DFDS has penned its second vehicle shipping deal of the week.
- Bulker busted in UK
A Greek bulker and a British-owned passenger vessel headed the list of ships detained by UK authorities in May.
- Tug spills oil
- Box Ships lands ABN loan
Box Ships has completed the next slice of funding for the newest additions to its fleet.
- Hanjin cools order hype
Hanjin Heavy Industries is playing down the suggestions it is preparing to build a fleet of containerships.
- CHO faces earnings drop
CH Offshore could see a shortfall in earnings this year after a boom-time anchor handler charter was cut short.
- Seafarer dies after slip
- Minds and souls on fire
We take a look at what was said in the market over the last week.
- Cosco responds
Cosco Corp (Singapore) has admitted it is struggling with the shipping downturn but denies claims it has rescheduled a rigbuilding contract with Sevan Drilling.
- JSA calls for halt
The Japanese Shipowners' Association (JSA) has called for a complete scrapping of planned Panama Canal toll hikes.
- Capes tempting Swiss
TradeWinds digests the digits making the headlines this week.
- To build or not to build?
- Golar confirms Chile FSRU
Golar LNG has confirmed it will provide a floating storage and regasification newbuilding for a project in northern Chile.
- "Defaced" Red Ensign
- Cable-layer in clash
- Pertamina gasses up
Indonesian oil major Pertamina is looking to charter a VLGC for some summer work.
- Goldenport scraps Lindos
Goldenport Holdings continues with its clear out of elderly tonnage with a 22-year-old handymax the latest ship to be sold.
- Uljanik on sales block
- The hand of God?
Francesco Schettino has claimed he had help from above during the Costa Concordia tragedy, as his house arrest came to an end.
- Shanghai volumes mixed
Shanghai Port, the world's busiest container port, continues to see a recovery in throughput with volumes up nearly 6% last month.
- DHT wins approval
DHT Holdings is to go ahead with a reverse stock split after receiving shareholder approval at the second time of asking.
- Sealift wins more navy work
Sealift has secured a second major charter contract from the US military worth over $40m in fully exercised.
|JULY 6, 2012|
- New Web tool for cargo tank compliance
- U.S. challenges China duties on American autos
The United States on Thursday requested dispute settlement consultations at the WTO challenging China's imposition of antidumping and countervailing duties on more than $3 billion in exports of American-produced automobiles.
- More time to comment on FMC's ag rate index proposal
The agency has agreed to extend the comment period to Aug. 8 on requests that the government develop and release container freight rate indexes for U.S. agricultural exports.
- Fake cell phones, unsafe toys stopped in NY
- U.S. intermodal traffic reaches new heights
"The June 2012 average weekly intermodal volume of 249,006 units is the highest average for any June on record and the third highest for any month, behind August and October 2006," said the Association of American Railroads.
- Maersk slows Horn of Africa loop
- CMA CGM expresses interest in Ivory Coast terminal
- GM, PSA Peugeot Citroen in logistics deal
GM called it "one of the largest logistics agreements in the European automotive industry to date" and said it would allow it to reduce costs and focus its internal resources more on core automotive business.
- Maersk slows FEW2 again
- Epes Logistics buys Meredith
- UPS says plastics reduce costs, fuel
- Japanese shipowners seek further canal toll concessions
- CN improves rail line to booming Prince Rupert
- Tanjung Pelepa port prepares for larger ships
|JULY 6, 2012|
- Global bunker prices rise throughout week
Prices track crude's surge as European economic woes continue.
- Bunker prices end week on mixed note
Demand was slow on the US Gulf, according to a local supplier.
- Risler closed for holiday
Business will resume as normal from July 10.
- NuStar Energy provides negative Q2 earnings forecast
Fuel marketing operations expected to generate loss as a result of heavy fuel oil and bunker fuel inventories not being hedged for two months.
- LNG tanker to be used as bunker vessel
Two tankers are intended for short sea shipping and the third will be used as an inland waterway bunker vessel.
- Fujairah market softens as week closes
Little activity in Suez.
- Libyan oil port forced to close
Political protest closes Ras Lanuf oil terminal.
- Rotterdam prices in retreat
Prices fall by double-digits in European hub.
- Oil workers' dispute puts pressure on Brent crude prices
Norwegian government seeking to resolve offshore oil workers dispute.
- Fuel oil stocks to 'remain high'
'Marine fuel demand has weakened all over Asia, except for Singapore,' say observers.
- Consultant to look at LNG bunker guidelines
European agency ready to appoint consultant to kick-start review of LNG bunkering procedures.
- South African bunker sales 'shrinking at a rapid rate'
'High calling costs' at South African ports are undermining bunker sector.
- Week ends with dip in prices
No problems with supplies of bunker fuels in major Asian ports.
- Call to free up Ghanaian bunker prices
Vessels opting to buy bunkers outside Ghana, says Ghana Oil representative.
- Bunkering 'obvious choice' to improve South Africa's marine sector
Price of bonded bunkers at South African ports currently uncompetitive when compared to international market.
- COSCO box vessels to use fuel saving paints
'Hull performance plays a significant role in reducing our fuel costs and Green House Gas emissions.'
- Gothenburg-based shipping firm to build new bunker tanker
Signs letter of intent with Akdeniz Shipyard to build 'new ship concept' bunker tanker.