|MAY 10, 2012|
- WTSA proposes rates hikes of US$100-400/FEU for frozen meat from July 1
- STX Pan Ocean offers Far East-Middle East service; and CK Line joins Namsung's KVT service
- Makings of a super hub: A tale of two cities of Shanghai and Singapore
- China has 26 ports that now handle 100 million tonnes of cargo a year
- Dachser establishes branch in Malaysia through JV
- Increases in US retail container traffic to rise for the rest of 2012
- Wallenius Wilhelmsen Logistics enhances Australia, Europe, Americas links
- Danaos adds another 13,100-TEU box ship to its fleet, sells 28-year-old vessel
- Qantas to increase domestic capacity in 2012/13 to maximise profit
- London Gatwick aim for emerging markets after Air China gain
- Chapman Freeborn chalks up another accolade winning 'Charter Broker Of The Year' Award
|MAY 9, 2012|
- 'Toxic' US ship refused permission to anchor at Alang
- Express Transport is now Express Global Logistics
- ITIC says ship managers must beware increase in claims by owners
- MANSA holds valedictory function of its 'Foundation Course on Shipping Logistics'
- JNPT intimates of power supply shutdown on May 12
- Demand-supply gap in coal widens to 161 mt in 2011-12
- Govt cancels onion MEP till July 2
- Govt revokes draconian penal powers on excise, Customs duty evasion
|MAY 9, 2012|
- Opening of Berlin's new airport postponed
The new Berlin Brandenburg airport (BER) in Germany will be inaugurated later than originally planned. The project participants were convinced until just recently that the requisit...
- Roporfret plans ferry service between Portugal and Belgium
The Portuguese shipping company Roporfret, a specialist for intermodal transport between Portugal und Northern Europe, is planning to operate a regular ferry service between the po...
- Hoyer GmbH augments advisory board
The retired executive chairman of BP Europa SE, Dr Uwe Franke, has been invited to join the advisory board of the Germany service provider Hoyer. Franke spent most of his professio...
- MAN sees growth stagnating in difficult markets
The German commercial vehicle manufacturer MAN generated a Q1/2012 operative result of EUR 253 million, compared to EUR 325 million in the like-for-like period in 2011. The 22 % de...
- US transport company Schneider renews fleet
Schneider National, a leading US transport company, plans to replace one-third of its fleet by the end of 2012. The company has invested in 3,000 new vehicles, most of them manuf...
- Alaska Railroad Corporation: more freight business and more projects
Alaska Railroad Corporation (ARRC) reported that its 2011 freight train revenue increased by 12.7% thanks to expanded coal exports and a 3% volume increase in interline (barge-rail...
- Russian Railways' network ships 106.4 million t in April 2012
According to the latest figures, the Russian Railways network shipped 106.4 million t of freight in April 2012, an increase of 2.9% compared to April 2011. Shipping volumes in the ...
- Airfreight volumes still sinking at European airports
The European airports trade body ACI Europe released its March/Q1 traffic report on 7 May. The document provided the first substantial indication of how airport traffic is performi...
- HKIA pledges to be the world's greenest airport
Airport Authority Hong Kong (AAHK) and 40 business partners recently pledged to make Hong Kong International airport (HKIA) the world's greenest airport - the first commitment of i...
- New regional sales manager Americas for Virgin Atlantic Cargo
Virgin Atlantic Cargo has appointed Jim Barruch as regional sales manager - Americas as the carrier prepares to launch new routes and additional frequencies to destinations in the ...
- Michael Vorwerk resigns from CNS
The International Air Transport Association (Iata) announced that Michael Vorwerk has resigned and will end his term as president of the Cargo Network Services Corporation (CNS), a...
- Ceva reports higher turnover and less profit in Q1/2012
The global logistics service provider and SCM specialist Ceva Logistics boosted its turnover in the first quarter of the current year to EUR 1.712 billion, a 2% increase compared t...
- Dachser now present in Malaysia
Dachser, an international logistics service provider based in Germany, continued its international expansion by the establishment of a joint venture in Malaysia at the beginning of...
- Geodis Wilson inks contract with Bic
Geodis Wilson, the global freight management company and freight forwarding arm of the French Geodis Group, has been selected by the world renowned stationery and multi-product man...
- AirBridgeCargo Airlines delivers food to Afghanistan
Russia's Volga-Dnepr Group has transported 100 t of food supplies to International Security Assistance Force (ISAF) personnel in Afghanistan using one of AirBridgeCargo Airlines' B...
|MAY 9, 2012|
- Former Hawaii Superferries get Navy names ... and mods
- Vigor Industrial's US Fab delivers covered paper barge to...
- Lance Camerna back at Holland America
- Damen delivers firefighting vessel to Bremen
- "Bad day for pirates" video upsets some
- Delivered in 2011, National Security Cutter has holes, rust
- Donjon Marine refloats former Staten Island car ferry
- GL Noble Denton makes Marine Casualty Investigation...
- Dakota Creek AGOR newbuilds to have Siemens diesel electric...
|MAY 9, 2012|
- Port of Tacoma warns residents of emergency warning system tests
- Transpacific Stabilization Agreement plans to add peak season surcharge
- NOL Group delivers first quarter 2012 numbers
- Seattle Port Commission backs Washington Tourism Alliance
- CKYH Alliance lines to restructure Asia to US East Coast service loops
|MAY 9, 2012|
- Sanko Steamship adds tonnage in first quarter
Ailing shipowner continues vessel sales but takes delivery of previous orders
- Clock is ticking for Sanko
Japanese shipowner struggling with its second financial crisis
- When the master is cast as a criminal
Seafarers' Rights International survey exposes shocking treatment of crew
- Sorry, shipping isn't booming in Britain
RSA-sponsored study's methodology leads to overoptimistic claims
- Norwegian research praises Oslo's maritime prowess
But Singapore still accorded top slot
- No ships in sight from Port of Portland
But maritime reminders are close at hand
- NOL reports $254m first-quarter loss as box lines struggle to recover
Box line pins its hopes on improved freight rates and cost-cutting
- Exxon Valdez denied the right to die in India
Court to rule whether ship can be laid to rest in Alang
- Indian-Iran oil trade falls by a third
April saw US diplomatic pressure take effect
- BLG breaks the billion euro sales barrier
German logistics group's pre-tax earnings climb as turnover rises 12.4% to just over $1.3bn
- Germany sees new wave of KG Fund failures
Former Beluga vessels among the casualties as further collapses loom
- Maersk Line charter of panamax boxship sets new rates benchmark
Firm interest by charterers in panamax and post-panamax vessels
- Bocimar buys capesize resale pair for bargain price
Deal marks further decline in capesize values
- Calling the tune
Shippers say reliability matters - but are they willing to pay for it?
- Cosco's Ma Zehua charges that Vale is boycotting its vessels
Chinese shipping giant's president says move is retaliation for nation's valemax ban
- Omega Navigation Chapter 11 case extended to June
HSH Nordbank show-cause notice hearing likely in week of June 4
- Cosco Corp (Singapore) reports 25% fall in first-quarter profit
Shipbuilder targets offshore orders
- Antwerp secures approval for future expansion
Flemish regional government reserves more than 1,000 ha for port activities
- Owners seek to arrest Sanko vessel
Cobelfret and Liquimar claim $16m in Baltimore court
- Costa Cruises pays out to French victims
Deal gives 235 survivors $11,700 each but leaves them still able to sue
- Commerzbank to run down shipping
Market conditions will worsen, bank warns
- DNB pulls Singapore research
Bank will cover selected Asian shipping and energy stocks from Oslo
- Odfjell hints at newbuilding orders as its revenues improve
Company may be lured by 'tempting' prices for coated chemical tankers
- Box terminal at Atlantic end of Panama Canal given go-ahead
Permits granted for construction and operation of $600m Panama Colón Container Port
- Algeciras growth brings hope to blighted Spanish economy
Port has 'moral responsibility' to create jobs, says Morón
- Transpacific lines to levy peak-season surcharge
Carriers say forward bookings signal stronger demand
- The dilemma and the cure
The cost of the revolution should not prevent it from happening
- Shanghai volumes decline in April
Growth dips suggest slowdown in China's trade
- Navios Partners grosses $72m from follow-on offering
Funds may be used for fleet expansion, says Angeliki Frangou-led bulk carriers operator
|MAY 9, 2012|
- North-South gap seen wider at Europe's ports
GROWTH prospects for box cargo handling in North and South Europe are diverging, according to Global Port Tracker's North Europe Trade Outlook
- Tweet alarms Carnival
IN YET another false alarm for the cruise industry, US agents scrambled to search Carnival Magic for biological weapons this week in response to a 'tweet'
- NOL losses worsen to $254M
SINGAPORE'S NOL said today 1Q12 losses worsened to $254M, from losses of $10M in 1Q1
- Tankerska Plovidba turns to 1Q profits
CROATIA'S Tankerska Plovidba said it has turned around the losses of 2011's first quarter
- Ferry strike suspended
SNCM workers voted today to suspend a strike that had halted most of the French Med ferry company's sailings to Corsica during the past eight days
- Dockwise raises its stake in Fairstar to 54%
DOCKWISE said today it now controls 54% of the shares in Fairstar Heavy Transport
- Odfjell profits turn into losses
ODFJELL, the listed Norwegian chemical tanker and tank terminal group, said today it lost a net $3M in 1Q12, from profits of $11M year on year
- MOL remains 'watchful' on Iran crude
MOL, JAPAN'S biggest shipping group, told Fairplay today it would welcome sovereign insurance guarantees from Tokyo that would enable it to continue importing Iranian oil
- Analysts reassess COSCO yard unit
COSCO Corp (Singapore)'s lower earnings in 1Q12 suggest it faces challenging times as it persists with its offshore marine ambitions, analysts said today
- Wilson cuts losses
WILSON, the listed Norwegian shortsea operator, said today it reduced its losses in the first three months of the year
- SMM's profits fall 25%
SINGAPORE'S SMM today posted net profits of S$113M ($90M) in 1Q12, compared with profits of S$150M ($120M) a year earlier
- Germany seen missing offshore power targets
PROJECT cargo flows and investments in Germany's offshore wind sector are dropping far below targets, a survey has indicated
- West Oz buying port land
THE PREMIER of Western Australia today said his government has begun to acquire land for a major new Pilbara port
- More KG feeders on the rocks
THE RISE in insolvencies among German one-ship KG companies is continuing, with two more '90s-built feeder/handy box ships ordered into administration
- Record predicted for Chinese coal imports
CHINA'S coal imports could hit monthly record 25M tonnes in July, a drybulk consultancy has predicted
|MAY 9, 2012|
- FedEx, UPS Keep Rural Reach Through USPS Backtrack
Parcel giants FedEx and UPS will still be able keep piggybacking on the U.S. Postal Service network to remote locations,...
- Horizon Operating Loss Narrowed in First Quarter
Horizon Lines said its first quarter loss on continuing operations narrowed to $6.1 million from $9.4 million a year earlier...
- Livingston International Acquires M.G. Maher
Livingston International has acquired New Orleans-based forwarder and customs broker M.G. Maher & Co. and the business of its affiliate...
- Recession Cuts Into European Port Traffic
Imports at Europe's largest container ports declined 1.1 percent in the first two months of this year as economic problems...
- DOT Freight Index Slipped 0.8 Percent in March
Freight ton-miles carried by the for-hire transportation industry fell 0.8 percent in March from February, the Transportation Department said. ...
- Global Details Terminal Expansion Plans
Global Container Terminals issued details of a 70-acre expansion that will open in 2014 and use cargo-handling technology to squeeze...
- Nippon Express Net Profit Tripled in FY2011
Nippon Express Co., Japan's largest international freight forwarder, said that its net profit surged a whopping 215.5 percent in fiscal...
- Domestic Maritime Advocates 'Sail In' to Washington
In February, shippers staged a "fly-in" on Capitol Hill to "stand up for trucking." Today, a the domestic maritime industry...
- TranzAct's Regan Warns Shippers on Truck Rates
Shippers that don't monitor trucking costs carefully could see truck pricing skyrocket by 2014, Mike Regan, president of TranzAct Technologies,...
- Saudi Airlines Cargo Expands West Africa Service
Saudi Airlines Cargo has increased freighter frequency from its Jeddah hub to N'Djamena in Chad with the addition of a...
- International Air Cargo Tumbled in March
Global air traffic contracted 2.2 percent in March as 14 of the world's top 20 freight airports experienced year-over-year declines,...
- NOL Posts $254 Million First Quarter Loss
Singapore-based NOL Group reported a $254 million first quarter loss despite cost-cutting and rate increases in March, and said high...
- USMX's Capo 'Cautiously Optimistic' on ILA Contract
United States Maritime Alliance Chairman and CEO James Capo said he is "very hopeful and even cautiously optimistic" that management...
- Hapag-Lloyd to Raise Rates on Major Trade Lanes
Hapag-Lloyd will raise its freight rates on major trade lanes as part of a new rate restoration program. From...
- CKYH Alliance Restructures East Coast Services
The CKYH alliance will restructure five of its current all-water services from Asia to the U.S. East Coast this month....
- TSA Proposes $600 Peak Season Surcharge
Shipping lines in the eastbound Pacific are counting on a strong peak season this summer and fall to support a...
- Pacer, CSX Extend Partnership Past 2014
Pacer International and CSX Transportation have extended their partnership through a new multiyear agreement, giving the intermodal middleman more opportunity...
|MAY 9, 2012|
- WTSA suggests rate increases for reefer cargo
The Westbound Transpacific Stabilization Agreement (WTSA) has proposed a set of non-binding guideline increases for freight rates covering frozen and chilled beef, ...
- NOL Q1 loss prompts 'organisation streamlining'
A USD254 million net loss in the first three months of the year will mean a global staff downsizing at Singapore's Neptune Orient Lines [NOL] in an endeavour to ...
- CKYH expands transpac offerings as 'strong summer' for volumes forecast
The CKYH Alliance has announced a restructuring and expansion of its Asia-US East Coast services - just as the Transpacific Stabilization Agreement (TSA) ...
- TPT moves onto 'stage two' improvement process at Durban
Transnet Port Terminals (TPT), which operates the majority of container-handling facilities in South Africa and has a productivity improvement programme in place ...
- SNCB Logistics still in the red
The EU's love affair with rail privatisation suffered another knock yesterday when Belgium's state-owned SNCB Logistics reported a EUR185 (USD240) million loss ...
- OOCL and Team Lines join forces in SBX2
Hamburg-based Team Lines has become a vessel providing partner in OOCL's SBX2 service between northern Europe and the Baltic Sea. Since the end of April it provides ...
- Textainer confident about the future
Textainer, the world's largest container lessor, expects the demand for containers to remain robust and fully expects to meet this demand by adding to its equipment ...
- A sensible alliance
Like the nefarious bankers before them, container shipping lines have been tarred with a 'reckless' brush for their gung-ho ordering of cellular capacity, way beyond ...
- Developing world comes to rescue of ocean carriers
The latest information from Container Trades Statistics confirms that the developing world will probably save ocean carriers this year. As shown in the table, containerised ...
|MAY 9, 2012|
- Eagle springs split
Sophocles Zoullas in the driver's seat as bulker owner attempts to resuscitate share price on the heels of quarterly deficit.
- Solstad strikes
Oslo-listed owner prepares to pounce on offshore unit after boosting bottom line in the first quarter.
- Pierce poaches Partridge duo
Boston, Massachusetts-based law firm expands admiralty line-up with recruits from Partridge Snow & Hahn.
- Newbuilds on the barbie
Safe Bulkers predicts painful price drop at leading shipyards as it mulls fresh investments in fuel-efficient tonnage.
- Tankerska bounces back
Croatian tanker player returns to profit in first quarter after shedding loss-making aframaxes.
- Tanker attack foiled
Crew of aptly-named Savvy seal accommodation block and engine room as pirates fail to gain control of vessel.
- Deiulemar boss dies in raid
Eighty-eight-year-old owner Michele Iuliano killed by heart attack as fraud squad hits his house.
- UDSC cuts deficit
State-run Ukrainian cargoship and ferry operator has chopped Q1 losses despite revenue dip.
- Deeper red for NOL
Singapore-listed container line burns cash for the fifth successive quarter as higher fuel prices and lower rates bite.
|MAY 9, 2012|
- Retailers push for Lacey Act revisions
- ALAN adds targeted mapping tool
- Ryder expands food packaging ability
- Capo doesn't think ILWU will join ILA fight
- NEWSFLASH: Global details Bayonne terminal expansion
- FIATA concerned over EU air freight security
- APL loses $246 million in 1Q
- CKYH to add all-water loop next week
- Livingston International acquires M.G. Maher
- TSA to seek peak season fee in June
|MAY 9, 2012|
- Nustar Energy surges up FORTUNE 500 list
Company attributed rise in revenue to increased volume and prices for bunker fuel.
- Bunker levy could accelerate adoption of Coriolis technology
Authorities collecting the levy would need to have accurate data about bunker volumes, says instrumentation company.
- Prices weaken in European hubs
Prices for 380 cSt grade in Rotterdam have been falling for five consecutive trading days.
- IBIA Board appoints Vice Chairman
Simon Neo will automatically become Chairman in 2013.
- Prices soften in Fujairah
Good demand and active market in Suez.
- Ship owners 'want fuel saving technology but lack the funds'
'There is no money for the initial costs,' says CEO of Germanischer Lloyd.
- 'Completely dead' bulker facing arrest
Reports say vessel's engine failure is linked to bunkers delivered in South America.
- NOL losses widen to $254 million on high fuel costs
Posts losses even as it achieves $100 million of cost savings through reduced fuel consumption and improved operational costs.
- Asian bunker prices still falling
Supplies of bunker fuels fine at key Asian ports on Wednesday.
- Settlement reached in San Francisco Bay bunker spill case
Owner and ship manager of the tanker Dubai Star to pay total of $1.96 million in settlement fees.
- Odfjell sees 'better earnings' despite high bunker costs
Expects declining bunker costs in Q2 to 'offset some of the challenges we are faced with'.
- Ships slow steaming despite risks from pirates
Fuel savings could be used to pay for guard protection services.
- Environmental targets for ships should be 'practical'
Implementation of EEDI on existing ships 'impractical', says BIMCO's secretary general.
- 'No capex' model for green tech solutions
Framework gives shipowners the opportunity to install green tech solutions, says Carbon War Room spokesman.