|AUGUST 9, 2012|
- MSC announces peak season, bunker surcharges to take effect September 1
- CMA CGM accents reefers in rate hikes for August, September, October
- MSC Flaminia seeks port of refuge while salvors save what they can
- All quiet on the waterfront: East coast dock talks proceeding as hoped
- OOCL makes biggest US port crane buy ever - US$347 million - for LB terminal
- Hapag levies low-sulphur fuel surcharges as UN control zone imposed
- Chongqing-Xinjiang-Europe railway carries 3,088 TEU as of July
- DHL joins Chengdu in logistics study to find ways to cut congestion
- NY-NJ to pay ships US$4.8 million to pollute less and slow down
- Two NATO container trucks attacked in Pakistan en route to Afghanistan
- Cathay Pacific posts first half loss of US$121 million - worst since SARS
- PE firm buys Ansett Aviation Centre, picks ex-Qantas boss Jackson as head
- Swissport ground handler for Air China and trucker for Turkish at Schiphol
|AUGUST 8, 2012|
- Boxship lay-ups surge year-on-year
- Capt. P.V.K. Mohan to grace MALA 2012 as Chief Guest, Pankaj Kumar as Guest of Honour
- JBS Academys Custom clearance course in Gandhidham on Aug. 11
- SCI takes delivery of AHTS vessel for offshore services segment
- Tips on preparation & attempting the exam under Regulation 8 of the CHALR 2004
- EEPC to hold India Show in Czech Republic
- Export curbs on sugar, wheat in pipeline
- India to assist Lanka in setting up SEZ for auto components
- Round-the-clock Customs operations at select Major Ports, airports from August-end
- CCEA may notify new SEZ norms by August-end
- INR turns weak on increased dollar inflow
|AUGUST 8, 2012|
- GE to supply propulsion systems for 23 new LNG ships
- Canadian Shipowners Association has a new President
- Awards will raise student maritime science awareness
- Huntington Ingalls reports strong second quarter results
- GL to class innovative Fjellstrand wind farm support vessels
- Sembcorp Marine marches off with $4 billion drillship order
- Ingalls Shipbuilding cuts steel for LPD 27
|AUGUST 8, 2012|
- Port of Portland industrial park benefits from rail expansion project
- Panama Canal directors Ok restructured pricing system
- New cafe opens doors in Everett Waterfront Center
- Port of Tacoma budget report nets government finance group award
- NOL Group reports second quarter numbers
|AUGUST 8, 2012|
- Panamax boxship rates face pressure as lines finish fixing flurry
Operators' rush to charter ahead of expected peak season is over
- Baltic clean-up promises good, clean summer fun
Helsinki Commission oil-spill exercise aims to monitor and ensure the safety of Baltic Sea traffic
- Greece aims to introduce flag incentives
Efforts made to retain Greek shipping earnings in Greece
- Average newbuilding VLCC sizes hit an all-time high
Tankers delivered this year average 312,000 dwt as cargo sizes increase
- Slowing South Korean exports raise a red flag for shipping
Warning signs as export-oriented nation sees overseas ship sales fall 58%
- Seaspan and Yangzijiang to reprice boxship options
Exclusive: Agreement may be renegotiated for provisional 18-strong order, says Ren
- Supramax bulkers wrest cargoes from handysizes
Larger ships can be chartered for nearly $4,000 per day less than smaller tonnage
- Laskaridis swoops for two panamax resales
Purchase brings to 16 the number of bulkers in service or on order for the traditional reefer specialist
- Pacific box lines see rates boost
Latest price recovery efforts paying off
- The unwanted product
As ships switch to distillates, residual fuels will increasingly be unwanted by products, and in this may lie some salvation regarding costs
- Think outside the locks
As the Panama Canal makes it easier for wider ships to pass through from 2014, Eukor orders larger vessels to coincide with that date
- Crumlin slams 'cynical and dismissive' Patrick Stevedores
Plans to increase automation at Port Botany reopen old enmities
- Relatives of Albedo 15 plead for help to raise money for ransom
Direct negotiations between families and Somali captors could set a precedent
- Titan aims to sell controlling stake to Guangdong Zhenrong Energy
Deal requires Warburg Pincus to dismiss its liquidation suit
- Wilh. Wilhelmsen warns of a softening market
Fleet expansion aims to improve company resilience and flexibility
- US box imports up 10.8% on last year
July 2012 saw the highest volume of import teu in one month since August 2010
- Sembcorp Marine secures five-drillship order from Sete Brasil
Deepwater vessels will be on charter to Petrobras for 15 years
- APL scrapes back into the black
First profit for liner arm of NOL since late 2010
- Ezion profits rise 130% as it secures Australia LNG contracts
Offshore service vessel operator lands deal to supply Curtis Island
- DVB increases loss provisions for second half
But Lunde stresses underlying stability of bank's ship finance activity
- Aberdeen rides oil and gas upturn
Scottish port upgrades to meet growing demand from service vessels
- Yangzijiang absorbs six cancelled bulkers
Singapore-listed yard reports 9% drop in second-quarter net profits
- Long Beach cleans up its act
Port trumpets 75% drop in airborne diesel pollution
- Safe Bulkers in no rush to order
Hajioannou expects further squeeze on shipbuilding prices
- Courage rejoins cape market with purchase of China Act
Vessel bought from China Partners for $6.6m
- Transatlantic restructures but still loses money
Swedish firm is still struggling as it splits into two core businesses
- Expeditors sees mixed fortunes in results
Ocean freight yields fall but maritime container revenue rises 7% in second quarter
- Excelerate plans up to eight FSRUs to meet LNG demand
US player returns to DSME as it expands its global capacity
- Low dry bulk rates send Eagle Bulk spinning to huge loss
Sophocles Zoullas admits "ongoing instability", but says company is now aligned for eventual recovery
|AUGUST 8, 2012|
- DoE prodded on LNG
LAWMAKERS are urging the White House to expedite LNG export permits before competition from Canada and Australia for international customers beats the US to the punch
- Independent Mauritius port inquiry ordered
MAURITIUS has reportedly decided to order an independent government inquiry into allegations of corruption at the Mauritius Ports Authority
- DVB's profits rise 16%
GERMAN shipping and transport lender DVB Bank reported a 16% rise in net earnings for the first half of this year
- Wilhelmsen profits jump
OSLO'S listed car carrier and logistics unit of the Wilh. Wilhelmsen Holding group, Wilh. Wilhelmsen, has posted a strong rise in 2Q12 net profits
- Chiquita accelerates ship shift
BANANA shipper Chiquita has announced a major business restructuring that includes allowing more of its leased ships to roll off charters
- Norden lawsuit alleges Bhatia 'shell game'
DENMARK'S Norden has filed a US suit seeking $4M from India's Bhatia, accusing the group of failing to perform under terms of two COA
- Transatlantic sees better 2H12 after losses
REDERI AB Transatlantic said today it expects restructuring to start showing better results near the end of 2012, following losses in both 2Q12 and 1H12
- Ren expects Seaspan to seek ULCS discounts
YANGZIJIANG Shipbuilding's boss Ren Yuanlin told Fairplay today Seaspan would exercise options for 18 ULCSs - but at a discount off the original orders
- Lessors dominate box purchases
CONTAINER leasing companies are investing more in new boxes than are liners, whose lower profits have spoiled their investment appetite
- Bulker queues rise in China but fall in Oz
VESSEL queues at Chinese drybulk ports are rising, but were reduced in Australian coal ports
- UK technical outage
A TECHNICAL outage in the UK yesterday made it impossible to send several IHS Fairplay emails at the end of the working day
- Capesizes continue to push up in Australia
PACIFIC Capesize rates are continuing to push up, as iron ore exports from Australia show no let-up
- VLCC rates nudge up
VLCC owners have pushed up freight rates somewhat, with bunker prices surging by more than $20 over the week
- Rio sees GDP rise for China
CHINA'S GDP growth rate, a key factor in drybulk shipping markets, is likely to accelerate out of its 2Q12 drop, Rio Tinto's CEO has predicted
- Newbuilding orders fall 66%
NEWBUILDING orders plunged 66% year on year in July, as weak freight rates and scarce financing soured appetites for investments
|AUGUST 8, 2012|
- Prince Rupert Container Traffic Hits Monthly Record
Container traffic at the Port of Prince Rupert hit a monthly high in July, as traffic rose 5.5 percent year-over-year...
- PIERS: Carriers' Load Factors Worsened in 2011
Container ship lines are still struggling to reduce a vessel supply-demand gap that worsened last year and undermined freight rates,...
- Diesel Emissions Drop at Port of Long Beach
Diesel emissions at the Port of Long Beach dropped for the fifth consecutive year since the port's Clean Air Action...
- DVB Bank's Income Slips 5.5 Percent
DVB Bank's pre-tax net income slipped 5.5 percent in the first half of 2012 from a year ago but the...
- US-Mexico Truck Trade Hit All-Time Record in May
U.S. cross-border truck trade by value hit an all-time high in May, reflecting the steadlily increasing trade between the NAFTA...
- Quality Distribution Expands Fracking Business
Bulk trucker Quality Distribution purchased the operating assets of Dunn's Tank Service and Nassau Disposal for $34.3 million, expanding its...
- Fraport Profit Tumbles 17.4 Percent
Frankfurt airport operator Fraport AG's first half net profit slumped 17.4 percent from a year ago to 86.9 million euros...
- Panama Approves Proposed Toll Increases
The government of Panama on Tuesday approved the two-stage toll increases proposed by the Panama Canal Authority. As originally...
- Trans-Pacific Spot Rate Sets Record High
Average spot rates on the eastbound trans-Pacific increased for the second week in a row this week, jumping 17.5 percent,...
- Wilhelmsen Posts Record Operating Profit, Revenue
Wilh. Wilhelmsen ASA booked record operating profit and revenue in the second quarter but the Norwegian roll on/roll shipping giant...
- APL Posts Narrow Liner Shipping Profit
APL posted core earnings before interest and taxes of $7 million in the second quarter, the carrier's first profitable quarter...
- India to Launch 24-Hour Customs Service at Major Ports
Indian government authorities on Wednesday announced plans to provide round-the-clock customs clearance services at the country's major seaports and airports....
|AUGUST 8, 2012|
- Cautious optimism prevails in container shipping
The London 2012 Olympics have universally been lauded as a success - despite the doubts of many as to how the old capital would cope with the influx of an extra ...
- Con-way's Q2 results jump on back of 'disciplined operations'
US freight transportation and logistics services company Con-way Inc. has reported solid Q2 12 results, with revenue, operating profit and net income all jumping ...
- Gulftainer services first ship in Recife
Sharjah-based Gulftainer has handled its first ship at the multipurpose cargo terminal it operates in the port of Recife, Brazil, and according to its leading executive ...
- Study says WAFMAX ships will drive growth
A recent study undertaken by Copenhagen Economics in collaboration with Maersk Line shows that the latter's WAFMAX-class ships that have been introduced to its ...
- APM T's Puerto Limon concession in the clear
APM Terminals' near USD1 billion project to build and operate new container-handling facilities in Costa Rica's largest port, Puerto Limon, is back on track with ...
- Q2 'breakeven' for NOL
Without one-off restructuring charges, Singapore's NOL Group would have been just shy of a net breakeven performance in the second three months of the year as lower ...
- Long Beach port's clean air slashes pollution for fifth year running
Port of Long Beach clean air programmes slashed air pollution from port-related sources for the fifth year in a row - including a 75% reduction in airborne diesel ...
- Nigeria's Lekki FTZ on the boil
Nigeria's Lekki Free Trade Zone (LFTZ) , which is being developed 65km east of the country's largest commercial city Lagos, and will eventually also feature ...
- SeaCube's earnings stay strong
New York-listed SeaCube Container Leasing has posted a good set of results for its interim 2012 fiscal year which ended June 30, 2012. In doing so the specialist ...
|AUGUST 8, 2012|
- Hornbeck sheds Spartan
Hornbeck Offshore Services of the US has offloaded one of its oldest ocean-going tugs, according to Marcon International.
- Uncertainty haunts CMA
Investors and bond traders are growing increasingly concerned about the status of CMA CGM's financial restructuring.
- Chemoil selects CFO
Chemoil Energy has found a new chief financial officer to replace Mats Berglund in a move backed by bunker specialist's biggest investor.
- TDW up on sales
Global offshore titan Tidewater has posted another improved quarter as revenue improved across the board.
- NAT stirs divi debate
Two of Wall Street's leading shipping analysts are divided on whether Nordic American Tankers can sustain its present dividend payout in a loss-making market.
- TransAtlantic stays red
Rederi AB TransAtlantic's second quarter was blighted by one-off costs related to its financial restructuring and the bankruptcy of a client.
- NOL remains red in Q2
Neptune Orient Lines has seen its second quarter red ink more than double as its losing run continued.
- DESSC ponders spot exit
John Fredriksen's Deep Sea Supply is evaluating its presence in the North Sea spot market which it described as "disappointing" in the second quarter.
- Barclays flags SGX switch
Barclays Capital has thrown its weight behind Sembcorp Marine after a huge contract award from Pertobras.
- DVB ahead at half-time
DVB Bank says it remains on track to match last year's profit after an improved first half showing.
- Dry growth at 'record' low
Dry-cargo fleet growth slipped to a three-year low in July, DNB Markets says.
- WW wows again
Wilh Wilhelmsen ASA has racked up another impressive quarterly performance with its figures again flying past analysts' estimates.
- Yangzijiang trims six
Yangzijiang Shipbuilding says it has cancelled six kamsarmax newbuilding contracts with an unnamed Chinese shipowner.
- Profits down at YZJ
Yangzijiang Shipbuilding has seen second quarter profits slide 9% on higher costs and fewer one-off gains.
- Rig deals boost Ezion
Ezion Holdings has secured one firm contract and a letter of intent for work in the North Sea potentially worth almost $170m.
- Ezion Q2 profits double
Ezion Holdings has reported a bumper second quarter with net profits jumping 130% on a year ago to $28.1m.
- NAT's answer to 'eco'
Nordic American Tankers appears to have accelerated the pace of a programme designed to combat rising fuel costs.
- Silver lining in the flames
A massive fire that prompted a partial shutdown California's third largest oil refinery Monday evening could become a positive catalyst for the product tanker market, according to Michael Webber of Wells Fargo Securities.
|AUGUST 8, 2012|
- SeaIntel: Corruption leads to hidden container tax
Maritime analyst SeaIntel uses container delivery metrics from partner INTTRA and analysis from Transparency International to correlate on-time shipment delivery patterns with corruption levels
- Global container fleet grows 8.5% in 2011
- Catapult inks Ecu-Line deal
- Panama Canal will increase tolls October 1
After postponing new canal transit fee announcement, Panama authority sets new toll structures for next two years to provide pricing stability, while also setting up different rate levels for 10 categories of ships
- Baltimore sets tonnage record in first half
- Accellos updates its warehouse management system
- APL turns 2Q profit, but 1H loss widens
- Landmark Global expands international parcel
- Grand and New World slow Asia-Med EUM
- CDC Software and Consona join under Aptean umbrella
- Wind turbine to put electricity into Walmart DC
Retailer to build 20-story turbine to provide 15 to 20 percent of electricity needed at Northern California distribution center, another move by the company to meet its 100 percent renewable energy goal
|AUGUST 8, 2012|
- Supplier was 'completely prepared' for ECA
Curoil has been 'steadily supplying' low sulphur fuel oil and gasoil.
- Distillate prices soften in Fujairah while IFO firms
Product shortages in Suez.
- Prices continue to move up in major European ports
Price climb continues into third, consecutive day.
- Chemoil appoints CFO
New appointment seconded from Glencore since 2010.
- APL cuts fuel consumption and posts quarterly profit
Container line used 7% less fuel than a year earlier, even as volumes rose 4%.
- Chemoil triples quarterly earnings
Growth initiatives positive 'even in extremely competitive markets', says CEO.
- 'Rare' cargo offer from Qatar
Tender is valid until August 16 to loading late September.
- Fuel oil inventories rise but bunker avails to tighten
Singapore fuel oil stocks at five-week high.
- Mid week bunker prices continue firming at key Asian ports
Supplies of bunker fuels 'mixed' at major Asian ports on Wednesday.
- Safe Bulkers eyes fuel-efficient bulkers
Intends to build bulk carriers based on 'most recent design' to stay ahead of competition.
- GAC opens up shop in Hambantota
Port's bunkering licence to start from October.
- Guidance on cold ironing standards published
Document a result of a joint study conducted in 2011.
- NAT modifies tankers to combat rising bunker prices
'Sliding valves on main engines will allow vessels to safely slow steam whenever possible.'.
- New deal offers reprieve for Titan
Energy trading firm set to become its controlling shareholder.
- 'Record' bunker costs prompt rates' raise
Rates for reefer containers to rise from October 1.
- 'Breakthrough' engine oil 'cost effective'
Shipowners 'do not want complexity', says Shell Marine Products General Manager.