|JULY 10, 2012|
- Hapag-Lloyd to introduce Asia-Europe PSS & GRI rate hike in August
- Hyundai Heavy wins US$1.2 billion order for ten 13,800-TEUers
- World Bank's IFC invests US$15 million in Romanian shipping line
- Sino-Kazakhstani trade off as Alashankou border volume slips 3.2pc
- Wuhan-Yangshan shipping service had more than 290 sailings in 2012
- US administration says new China auto tariffs violates WTO rules
- South African transport minister mulls jobs in ship, oil rig repairs
- Cosco in 'green' deal with Jotun for latest anti-fouling marine paint
- Toll Refrigerated business is to be sold to Automotive Holdings
- Airbus trails Boeing, as 6 freighter orders cancelled in cargo slump
- Boeing expects freighter demand growth to slow over 20 years
- Kuehne + Nagel buys Vancouver perishable goods transport firm
|JULY 9, 2012|
- Asia-Europe spot rates dip
- Coastal Chinese fleet increasingly trading on high seas
- EVERGREEN LINE to charter ten 13,800-TEU newbuildings
- Hans-Ole Madsen joins ICTSI
- MSC takes 10 pc stake in Crossrail having strong links to Antwerp port
- NITC pushes for 2nd place among tanker operators
- SCI organises talk on business ethics & corporate culture in Hindi
- UAE to fund fight against piracy
- US postpones 100 pc container scanning until July 2014
- Car exporters shifting focus to non-EU markets
- Cotton exports may fall by 9 pc: USDA
- Expedite surplus milk powder exports to avoid damage: Pawar
- Southern spinners considering importing cheaper cotton
- Soyameal exports rise 54 pc to 1.80 lakh tonnes
- Wheat exports set to zoom
- NMPT sees marginal growth in Q1 cargo handling
- PM has assured help in amending shipping laws expeditiously: Kerala CM
- Adani Enterprises, QR National to study possibility of developing coal rail line in Australia
- Rlys freight earnings surge 26 pc in Q1
- Change in validity of Advance Authorisation as per revised FTP
- Commodity import bill likely to dip by $ 60 bn
- Focus on exports: Kaushik Basu
- Hike in import duty of manganese ore in offing
- INR regains early losses, still lower at 55.88
- Ministries lock horns over liberalising SEZ policy
- US to emerge as India's future gas source
|JULY 9, 2012|
- Paris MOU publishes 2011 annual report
- U.S. Geological Survey seeks replacement for R/V Grayling
- MHI completes full scale two-stroke engine test facility
- Princess Cruises awards Wärtsilä long term service...
- IHC Merwede subsidiary changes name to IHC Sealing Solutions
|JULY 9, 2012|
- Port Metro Vancouver aims to improve trucking productivity
- Mozambique joins list of piracy code signatories
- NYK ships monuments at no cost to honor New Zealand quake victims
- Col. Anthony Wright named Puget Sound Partnership head
- Trucking association publishes freight forecast through 2023
|JULY 9, 2012|
- Just say no to newbuildings
Overcapacity means the industry needs no new capesize tonnage, at any price
- Canada unveils container hub port plan to challenge Panama Canal
Nova Scotia's Sydney a potential east coast mirror of Prince Rupert
- Falling product tanker asset values make scrapping look attractive for 15-year-old ships
LR tanker 13 years old is worth only $5m more than scrap
- Secondhand capesize prices crash to record low
Average five-year-old cape is worth barely a fifth of value during the boom
- General Maritime survives thanks to careful planning
US tanker player emerges from Chapter 11 protection within six months
- Life after bankruptcy
Sanko, Korea Line and General Maritime show how shipping lines handle receivership
- Sanko Steamship lodges second bankruptcy
Japanese carrier enters receivership again
- Golar LNG sister company builds up long-term contracts
Sale of regas vessel keeps it in the Fredriksen family
- Iyo Wind arrest in Texas brings new hitch to Sanko bankruptcy
Does US Chapter 15 protection apply to chartered ships?
- Handysize bulker sale indicates value closing in on same level as capesizes
Bangladeshi buyer picks up 16-year-old, 46,664 dwt vessel for $10.6m
- What old boys' club?
Jeremy Penn explains why the Baltic Exchange is a thoroughly modern market organisation
- VLGC spot market picks up after a dozen fixtures
Iran cargoes carry a premium but it is unclear whether sanctions apply to LPG
- Use of slow steaming kit spreading across industry
Maersk Line is talking to owners about installing turbocharger cut-outs on the ships it charters, Wärtsilä reports an upturn of interest in the kits and MAN Diesel has sold 200
- Shipowners reluctant to take European Investment Bank loans
European Investment Bank still looking for shipowners needing loans to invest in new fleet-wide efficiency solutions
- Lloyd Fonds closes in on rescue bid for KG funds
Ocean 16 will agree terms with a German bank, says Teichert
- Boxship demolition on the rise
Braemar forecasting 200,000 teu to be scrapped in 2012
- Sanko holds creditors meeting in London
Company likely to push restructuring plans
- Labour row brings Europe oil and gas giant to the brink of total stoppage
Norway shutdown hits LNG carriers and offshore vessels and threatens global supply
- Pacific Basin and Boluda team up to launch Australian tug business
Firms lodge joint bid for contracts at Australian LNG terminals
- A wake-up call
The controversy over seafarer fatigue gets a test case
- Qingdao port operator borrows yuan via offshore facility
QQCT gets $345m loan on advice from PBOC
- Iranian aframax dons disguise to shuttle crude from Kharg
Neptune among the latest tankers in the country's fleet to change identity and flag
- Keep calm and carry on loading
Libya's new democracy should calm itself and let the oil flow
- Clearer channels needed for piracy reporting in West Africa
Inaccurate reports fuel rumours
- Xiamen Port funds highway to Gulei
Joint investment with CCCC bucks slowdown in China BOT projects
- South Africa urged to consider state shipping bank
Move would assist local owners in securing finance
- Coscol shipments rise 23.5% in January-June
Cosco unit supported by stronger performances of general cargoship and heavylift divisions
- Oil terminals reopen in eastern Libya
Exports resume at Ras Lanuf, Brega and El-Sider after pre-election protest shutdown
- HHI promotes Kim to president
Kim Oi-Hyun and Lee Jai-Seong to share duties leading the world's largest shipbuilder
|JULY 9, 2012|
- Freight forward unit sold
GLOBAL transport, logistics and freight forwarding company Norbert Dentressangle said it plans to buy the Colombo-listed freight forwarding unit of John Keells Holdings in Sri Lanka and India
- Buyers grabbing Supramaxes and Handysizes
SOFTER prices are leading to Supramax and Handysize bulkers to the secondhand market, with yard resales accounting for some of the interest
- Distressed KG ships to be bundled up
HAMBURG KG issuing house Lloyd Fonds reportedly plans to consolidate 16 distressed container one-ship KG funds into a joint-asset holding company
- Mind the bomb, Dover
A SAFETY warning is in place today for ships in and around Dover's port the after a dredger scooped up a suspected Second World War bomb
- Indian companies tap cash
INDIA'S shipping companies have returned to the international market to raise foreign debt
- Aframax gains seen in Japan fuel oil rises
JAPAN'S imports of fuel oil and heavy/sweet crude for oil-fired power plants have surged since its quake crisis, raising demand for Aframaxes
- Davie Yards for sale again in Canada
DAVIE Yards is being offered for sale again in Canada
- Transiidikeskus, Muuga, olumes rise 27%
ESTONIA'S only specialist box and frozen-goods terminal operator, Transiidikeskus, said the volume of container goods handled in the first half of the year rose 27% to 116,057teu
- Yangzijiang lent $150M
SINGAPORE-listed Chinese shipbuilder Yangzijiang has obtained two loan facilities totaling $150M from China Development Bank
- Keppel buys 20% of KrisEnergy
SINGAPORE'S Keppel said today it has acquired a 20% stake in upstream oil and gas company KrisEnergy for $115M
- MR charters stay strong
OPERATORS are continuing to fix MR product tankers for 1-3 years, as rates remain flat in the Atlantic
- JSA: scrap Panama rises
THE JSA has assailed the proposed Panama toll rise, saying it "imposes an unduly excessive burden on canal users"
- Vintage VLCCs converted to storage
BROKERS told Fairplay today VLCCs built in the 1990s are increasingly likely to be sold for storage
|JULY 9, 2012|
- Diesel Prices Rise for First Time in Three Months
Diesel prices in the U.S. rose for the first time in three months, climbing 3.5 cents in the week ending...
- EGT's Design and Efficiency Touted at Opening Ceremonies
Agricultural exports, such as grain shipments moving through the new EGT terminal in Longview, Wash., are leading the economic recovery,...
- SC Ports Authority Plans Inland Port, Rail Terminal in Greer
The South Carolina State Ports Authority plans to develop an inland port in Greer, S.C, together with Norfolk Southern to...
- Market Share, Revenue Gain Forecast for Trucking
Total U.S. freight tonnage will grow 21 percent by 2023, as freight revenue rises 59 percent, the American Trucking Associations...
- Developer Sought for Nova Scotia Container Hub
Cape Breton is looking for a terminal operator to build a container terminal on a greenfield tract of land in...
- Brazil's 'Turtle Strike' Continues to Slow Ports
Brazilian Customs officials continued the slowdown in inspections at most Brazilian ports on Monday, leaving long queues of ships waiting...
- Air Menzies Begins Online Express Import Rates Service
Air Menzies International is now offering all-inclusive online express import rates and bookings in the U.S. from global destinations. ...
- Kerry Logistics Plans Further Expansion in Thailand
Kerry Logistics plans to expand its presence in Thailand further. The company, which recent expanded its automotive facilities at...
- GACAG Slams National Approach to Air Cargo Security
The Global Air Cargo Advisory Group has warned regulators that national, ad hoc and impractical approaches to advance electronic information...
- Box Ships Pulls Public Offering
Box Ships Inc. withdrew a public offering of 700,000 units that was part of the NYSE-listed Greek shipowner's approach to...
- Nehru Port Dockworkers Call Off Strike
Unionized dockworkers called off a threatened strike at the APM Terminals facility in India's Port of Nhava Sheva (Jawaharlal Nehru)....
- Etihad Crystal Cargo Posts Record Traffic
Etihad Crystal Cargo's traffic soared 21 percent in the first half of 2012 from a year ago to a record...
- Oakland Wins Port Security Grants
The Port of Oakland is scheduled to receive more than $3.5 million in federal port security grant funding for three...
|JULY 9, 2012|
- Plans for Nova Scotia deep water terminal move forward
Plans for a container terminal in Sydney Harbour on the east coast Canadian island of Nova Scotia have been boosted after Cape Breton Regional Municipality (CBRM) ...
- 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 ...
- JSA wants Panana Canal toll rises terminated
The Japanese Shipowners' Association has called on the Panama Canal Authority (ACP) to scrap its planned toll increases, claiming that any rise 'imposes an unduly ...
- Mujica drives Uruguayan port project
Uruguayan president Jose Mujica [pictured] is determined that the country should have a deepsea port that is capable of handling post-panamax ships. In addition ...
- Man overboard saved after 8h in Atlantic
- Armed guards help defeat Somali pirates
The increased adoption of armed security guards on merchant ships transiting the pirate-infested Gulf of Aden shipping corridor has resulted in a significant drop ...
- MSC turns to Gioia Tauro
Contship Italia managed Medcenter Container Terminal (MCT) in Gioia Tauro successfully handled three of MSC's ULCVs at the same time on July 5, underlining why ...
- IMF: global growth shrinking
That was the message from the International Monetary Fund's [IMF] Christine Lagarde to business leaders in Tokyo last week. She said that the global growth outlook ...
- End in sight for Brazilian customs strike?
Reports from Brazil suggest that the customs officer wage dispute is nearing an end with stakeholders predicting that the three-week strike could be over as early ...
|JULY 9, 2012|
- Synergy cited by USCG
A handymax bulker controlled by Synergy Marine of Singapore has landed in detention for the second time in less than four months.
- Universal plots next chapter
Universal Maritime will continue to pursue the acquisition of tankers from its Turkish parent despite the high profile failure of an IPO in Oslo, according to finance chief Rich Lemanski.
- Atlantic boosts ERRV tally
Atlantic Offshore has notched up yet another emergency response and rescue vessel (ERRV) contract.
- Samsa presses for funds
- Sanko PSV pair sold
Bankrupt Sanko has sold two platform supply vessel newbuildings, brokers say.
- Elderly ship fetches $385m
A newly converted floating storage and regasification ship that was originally delivered in 1977 is changing ownership for a massive $385m.
- Bean barge sinks
A barge filled with soya beans has sunk off the Philippines following a clash with a Costamare boxship.
- Petronas tug robbed
A knife-wielding gang has robbed a Petronas Carigali tug off the coast of Malaysia, reports claim.
- Coastal wins 12 ships
Malaysia's Coastal Contracts is celebrating a series of orders for 12 offshore vessels.
- Ship scrap chaos hits India
The world's largest ship scrapping site in Alang is said to be in turmoil after the country's Supreme Court blocked the import for recycling of vessels containing toxic waste.
- Skov seals Nordic pact
Mikael Skov's Tankers Inc has taken over the management and administration of Danish owner Nordic Shipholding.
- Royal reward
- Keppel to see windfall
Keppel Corp has been tipped to take the burgeoning wind sector by storm.
- Ro-ro in spill mishap
- Worker dies in blast
- Bank notes bulk hope
Jefferies has handed beleaguered bulker owners a ray of hope suggesting the seeds of a market recovery are being sewn.
- Bank notes bulk hope
Slowing supply growth and potential China stimuli offer hope for recovery, Jefferies says.
- DFDS chops route
- Damaged ship halted
- Box Ships cans offering
Box Ships has shelved plans for a public offering to fund its latest acquisitions.
- Pac Basin sites LNG pie
Hong Kong-listed owner teams with Boluda to chase Australian terminal contracts.
- Crewman missing off Italy
- ACM ups China ante
ACM Shipping has again boosted its sale and purchase roster after hiring George Eliades from Intermodal.
- MOL captain fined
The captain of an MOL chemical tanker has been fined for illegally entering New Zealand's waters and cleaning out tanks.
- Jiangsu's order drought
New orders have plummeted by more than half in China's most prolific shipbuilding region.
- Teekay pays out
Teekay Corporation shareholders will be in the money as the company pays out dividends later this month.
|JULY 9, 2012|
- BlueWater Reporting: G6 lines lag behind Asia-Europe rivals in capacity
- Nova Scotia port starts marketing campaign for container terminal
The Cape Breton Regional Municipality, which bought 500 acres from Laurentian Energy Corp., has launched a marketing campaign to promote a new deep-water container port in Sydney, Nova Scotia.
- New MSC loop links Jacksonville to network
Starting July 17, the liner carrier will operate a new U.S. East Coast-to-Central America service from Jacksonville, Fla., and Savannah, Ga., via its offshore hub in Freeport (Bahamas).
- COSCO plans TP rate hike
- MSC/CMA CGM adds calls on Asia-Europe loops
- Arcline to meet Canada's eManifest
- Maersk slows second Asia-East Africa loop
The ocean carrier has added a new port call at Singapore, and an additional vessel to its weekly Mashariki Express service.
- Obama signs transportation bill
The bill streamlines more than 100 federal programs, attempts to speed up project delivery, adds performance outcomes to the criteria for project funding and addresses freight infrastructure.
- time:matters expands network
- Kerry takes on auto logistics in Thailand
- SP Express to operate Mannatech DC
- Torque expands near Manchester, UK
|JULY 9, 2012|
- Mitsubishi completes marine diesel engine testing facility
Testing machine will be used for verification of various technologies to comply with NOx emission regulations.
- Market softens in Fujairah
South African prices lack direction.
- WFS orders ship arrest
Ship arrest for unpaid bunkers attempted with bankruptcy protection in place.
- Sharp falls in European bunker markets
'Stand-off between sellers and buyers' in Rotterdam.
- 2015 sulphur deadline 'catastrophic' for industry
European shipowners add their collective voice to the disquiet over 2015 deadline.
- ConocoPhillips rebrands marine fuel arm
Phillips 66 Ltd new name for marine fuels operation in the UK.
- Former Shell man starts trading firm
Industry veteran says oil glut offers opportunities.
- Asian and European firms collaborate on fuel efficient ships
Proposed design will be inside energy efficiency targets.
- Week starts with bunker prices down at major Asian ports
Supplies of bunker fuels fine at key Asian ports on Monday.
- Falling bunker prices providing 'much needed relief'
Capacity management remains 'key' to shipping liners' profitability, says OCBC Investment Research.
- Bunker tanker owner cancels shipbuilding contracts
Yujin requesting a refund of all monies paid to the unidentified shipyard.
- Change in cabotage law opens door to bunkering opportunities
Amendments to cabotage law will allow foreign ships to transport cargo between Indian ports, says Chief Minister of Kerala.
The concept of equilibrium relates to the composition of residual marine fuel commonly used in the shipping industry.
- Brightoil extends maturity date of $120 million notes
Extension necessary in order to 'reduce the immediate risk' of events that may affect its share prices, it says.