|JUNE 11, 2012|
- Asia-USWC spot rates up 12.5pc to $2,658/FEU, east coast rates up 8.6pc to $3,774/FEU
- Chinese logistics companies' profit growth slows down
- Kerry Logistics wins Continental Tyres contract in Thailand
- Yang Ming extends AWE3 service to Manzanillo, Mexico from July 1
- Swire Shipping unveils new Singapore-Darwin-Dili service since April
- Jardine Shipping Services further expands office network in Indonesia
- Globe Express establishes a presence in Bangladesh capital Dhaka and Chittagong
- MSC deploys newly delivered 13,092-TEU ship on Asia-Europe loop
- South Korea's ports handle a record 2.1 million TEU May
- Inner Mongolia launches first scheduled air cargo service
- Emirates SkyCargo revenues increases 8pc, tonnage up 1.7pc
- Muscat airport destined to be national air-cargo hub
- DB Schenker starts labelling medical products in accordance with future IATA regulation
|JUNE 10, 2012|
- Anti-dumping duty imposed on Chinese, Japanese printing plates
- CIL to import coal thru MSTC
- DGAD recommends anti-dumping duty on grinding media balls
- Govt apportions 2 mt of surplus sugar for export
- CII calls for revival of cash subsidy for shipyards, soft loans to buy vessels
- GMBs roadshow on Ghogha-Dahej RoRo ferry service today
- Govt clears constitution of BWNC & PLR for port & dock workers
- ISPS team visits Kandla, Mundra Ports
- KPT observes World Environment Day
- Le Havre adjudged best seaport in Europe for 2nd year running
- Adani to seek partners for $ 2 bn Oz rail line
- Effective service tax burden to be 3.6 pc higher for rail transport
- Ministry sets up Air Cargo Logistics Board
- Crisil slashes GDP growth to 6.5 pc
- ECGC not to raise export credit cover premia
- Forex reserves tumble $2.402 bn to $285.86 bn
- Govt to levy tax on almost all services from July 1
- INR recovers by 12 paise against dollar, ends higher at 55.42
- Sharma confident of achieving $500 bn export target by 2013-14
- MACCIAs advanced Customs course from June 13-15
- Direct Logistics adroitly moves turbine
- Port of Rotterdam revamping project cargo centre
- Rickmers-Linie gets Best Shipping Line-Project Cargo award at annual AFSCA
|JUNE 8, 2012|
- Martina Hellmann joined Prologis
Prologis Inc, a global owner, operator and developer of logistics property, chose Martina Hellmann to be its senior manager property management Germany and Austria, with effect fro...
- CTA: Transport Canada programme to identify ways to "greenify" trucking
The trucking industry is encouraged by Transport Canada's move to fund the next phase of the eco-technology for vehicles programme - a five-year, USD 38-million scheme that proacti...
- JadeWeserPort's opening now postponed to end of September
Germany's first deep water port - the new JadeWeserPort in Wilhelmshaven, will not go into service as planned on 5 August. Operations are now due to start at the end of September. ...
- Canada and USA also announce air cargo security improvements
Canada and the USA announced that both governments have agreed to the mutual recognition of, and cooperation on, air cargo security in both countries. Under the initiative, cargo s...
- Jade grounded for ever
The new start of the China/Lufthansa joint venture Jade Cargo Airlines with a new ownership structure (see ITJ Daily on 5 January 2012) has failed. The freight airline, which is ba...
- New Warsaw airport to open only two weeks after Euro 2012
The complete airborne logistics during the Uefa Euro 2012 championship which starts this evening, will be handled via Warsaw's Chopin airport. The new Modlin airport, some 30 km no...
- Mercedes-Benz delivers 110 Zetros HGVs to German army
Mercedes-Benz Special Trucks is delivering 110 Zetros trucks to the German army. The vehicles will be used for logistics purposes. The vehicle manufacturer Daimler AG and its custo...
- SBB Cargo to close service points for wagon load traffic
The Swiss freight railway SBB Cargo is closing 126 out of 155 service points for wagon load traffic. The move is for economic reasons. Half of the service points only have a mere 9...
- Uniting Eurasia says railways have to collaborate and harmonise
To attract new cargo and develop competitive advantages over other modes of transport, the railways have to cooperate successfully and harmonise the different systems in the EU mem...
- Saudi Airlines Cargo appoints new cargo manager for Pakistan
Saudi Airlines Cargo appointed Kashif Butt as the cargo manager Pakistan, effective 1 June 2012. Butt previously worked for TAQ Logistics, Qatar Airways and various GSAs, including...
- Rudolph Logistik expanding in Hungary
Rudolph Autóipari Logisztikai GmbH, the Hungarian subsidiary of the Baunatal (Germany)-based logistics company Rudolph Logistik, is enlarging its facilities in Györ (Hungary). The ...
- Prologis acquires distribution facilities in Barcelona
Prologis Inc, the leading global owner, operator and developer of industrial real estate, recently announced the acquisition of three fully-leased facilities in Barcelona (Spain). ...
- CMA CGM reports Q1/2012 loss, but says outlook for 2012 is encouraging
The French shipping company CMA CGM reported that its carried volume grew by 13.4% year-on-year to 2.6 million teu in Q1/2012, while consolidated revenue increased by 2.6% to USD 3...
- U-Freight gains AEO status in the Netherlands
U-Freight Holland BV, the Dutch subsidiary of the U-Freight Group (UFL), has been certified by the Dutch Customs authority as an authorised economic operator (AEO) in the customs s...
|JUNE 8, 2012|
- Kvichak delivers pilot vessel to Crescent River Port Pilots
- Austal lays keel for first Cape Class patrol boat
- Damen Shipyards Cape Town wins order for pilot cutter and...
- Horizon Lines gets new President and CEO
- Ulstein's Blue Ship Invest orders four PSVs from Ulstein...
|JUNE 8, 2012|
- Horizon Lines taps Woodward as president, chief executive officer
- US rail traffic numbers deliver up/down week
- Mitusi bulk carrier rescues pair of sailors from drifting yacht
- Trade in goods and services report shows US exports dip in April
- Cargill buying certain assets of Colorado grain handling firm
|JUNE 8, 2012|
- Reefer specialists enjoy healthy low season after fleet clear-out
Rates are as good as in 2012's terrible peak period
- Chilled cargo operators hit back at damage myth
Containers are not better suited for perishables, say experts
- AEL still sees a future for niche players
Punctuality is what counts for the customer, says UK operator
- More hands on deck
Shipowners and flag states are the last people to decide safe manning levels
- ModusLink delivers in Asian logistical jigsaw
Electronics supply chain management specialist tackles shelf-life cycles that make a mayfly look like Methuselah
- Ravenna and La Spezia targeted for Contship investment
Italian ports group prepares for long term growth
- Key Iran oil importers may follow Japan's proposed sovereign guarantee
As July deadline looms, EU is unlikely to budge
- BV pulls out of Iran classification
French society follows class exodus under pressure from US
- Grain increasingly driving rates changes for sub-capesize bulkers
Smaller vessels' earnings no longer move in correlation with the largest ships
- All eyes on India's drive to import more LNG
India looks to US to provide new cargoes
- Shipyards are not bad - it's the owners we should worry about
Shipbuilders approach NYK all the time but the carrier reserves the right to say no
- Jaxport halts Gulftainer's proposed Blount Island concession
Port officials delay decision until strategic masterplan is in place
- Tipping point
Two leading indicators both show a further erosion in spot rates from Asia to Europe over the past week
- MMHE to invest $595m in yard upgrade
Malaysia offshore player will optimise its operations
- German transport minister opposes Duisburg sale
Antwerp and Rotterdam set their sights on shares in the port
- Sam Woodward takes charge at Horizon Lines
New broom announced after watershed 15 months at Jones Act liner major
- Capesize rates hit 15-month low
Recent China stimulus measures offer better outlook
- Greek shipowners pledge to help economy
Posidonia 2012: 'no objection' to working with left-wing Syriza, says Veniamis
- Dunkirk arrest adds new twist to B+H Chapter 11 case
Company seeks to release two ships as it pursues cash collateral authorisation
- Russia to double wheat export capacity
Overburdened rail and port network to be expanded
- Tanker owners must do more to calculate optimum sailing speeds
Accuracy will help owners, charterers and the environment
- Harren venture rests on success of P+S bail-out
Shipowner has ordered specialist tonnage for offshore work in Papua New Guinea
- Too early to talk about tanker recovery, says Sovcomflot
Russian owner does not expect improvement before 2013
- South Korean and Japanese banks agree ship finance deal
Petroserv borrows $300m to fund DSME rig
- Tsakos urges restraint in gas carrier orders
Plea comes days after shipowner inked LNG deal with HHI
- Tackle yard capacity first
China should move quickly to consolidate its yards
- Los Angeles unveils a slimmer budget
'Modest decline' reflects estimates of relatively flat operating revenues while US economy remains in recovery
- Off-peak bounce for reefer trades
Heavy scrapping helps to stabilise market
- China Shipbuilding Industry Co raises funds in offshore drive
Listed company will invest in capital projects
- July 2014 deadline for box scanning remains unchanged
All US-bound maritime containers will be scanned at foreign ports of origin
|JUNE 8, 2012|
- BV axes Iran-tied activities
BV TOLD Fairplay today it has decided to cease all its maritime activities related to Iran
- UGS: look beyond guards
UGS CHIEF Theodoros Veniamis today closed the Posidonia conference with a plea for shipping to look beyond shipboard guards for security solutions
- Congress rejects port pleas on 100% scanning
CONGRESS has decided to ignore pleas by importers to reverse a law requiring foreign ports to scan all US-bound boxes, now scheduled to take effect in July 2014
- Continued recovery seen for Russian grain
RUSSIA'S agriculture ministry has predicted continued recovery in its grain harvest, despite an unusually dry spring in the southwest
- Russian asset sales listed
SEVERAL key assets tied to shipping and owned by Russia's government have been earmarked for sale this year
- Kallas wants EU to buckle on Blue Belt
EU TRANSPORT tsar Siim Kallas has pledged to seek ways to ease customs checks for ships that would be monitored under the EC's Blue Belt proposal
- Five CMA CGM units combined into one
FRANCE'S box giant CMA CGM today said it has reorganised its five land transport and logistics businesses into its single new Greenmodal Transport
- Northeast Passage transit window widening
VOYAGES through the Russian Arctic are likely to pick up early this year, a leading German institute said today
- More charged in SeaFrance theft inquiry
EIGHT former SeaFrance employees have reportedly been charged with theft and fraud
- LNG price visibility seen as key to exploration
VISIBILITY of long-term LNG prices is the key to investments for new projects, the World Gas Conference heard in Malaysia
- MMHE to upgrade yard
MALAYSIA Marine & Heavy Engineering told Fairplay today it will allocate 1.9Bn ringgit ($597M) for upgrading its shipyard in the next four years
- VLCC tonne-miles climb
VLCC SPOT activity was lower than predicted in May, but tonne-mile figures are increasing because of a shift in trade lanes, according to shipbrokers and analysts
- Höegh LNG targets Asian sector
NORWAY'S Höegh LNG has joined its peers in tapping Asia's growing gas market
- Dockwise hails 97.4% take-up
DOCKWISE, the Dutch heavy-lift specialist listed in Oslo, said today it has received subscriptions for 97.4% of the 14M new shares it offered in a rights issue
- Yangzijiang seen hitting target
SINGAPORE-listed Chinese shipbuilder Yangzijiang can reach its order target of $1.5Bn for 2012, according to CIMB Securities and UOB Kay Hian
|JUNE 8, 2012|
- Fitch Sees Start of Two-Year Container Shipping Recovery
Fitch Ratings said CMA CGM's first-quarter results are evidence that the world's largest container shipping companies are beginning to reap...
- US Intermodal Rail Traffic Up 4.1 Percent
U.S. intermodal shipments on major railroads in the week ending June 2 rose 4.1 percent year-over-year but fell 12.6 percent...
- Imports and Exports Decline, Narrowing US Trade Deficit
The U.S. trade deficit narrowed by 4.9 percent in April as imports declined more than exports, partly because of slippage...
- FedEx Freight to Raise Truck Pricing 6.9 Percent
FedEx Freight, the nation's largest stand-alone less-than-truckload carrier, is first out of the gate to raise pricing this summer with...
- Lacey Act Reform Clears House Committee
A House committee approved a bill to reform the Lacey Act to avoid what retailers and other businesses say are...
- Ex-Pier Superintendent Pleads Guilty to Gambling
A suspended pier superintendent at Maher Terminals in the Port of New York and New Jersey pleaded guilty to a...
- Celadon Trucking Buys Hiner Transport Assets
Celadon Trucking acquired a portion of the equipment of Hiner Transport, a truckload carrier based in Huntington, Ind. Terms of...
- Why Congress Won't Pass a Transport Bill This Month
Signs abound that Congress won't get its act together before the highway spending extension expires at the end of the...
- CEVA Completes Buyout of CEVA Ground in China
CEVA Logistics has further committed to operating truck services in China, completing the buyout of CEVA Ground in China, a...
- China's Jade Cargo to Be Liquidated
Jade Cargo International is being liquidated after shareholders, including Lufthansa Cargo, failed to agree on a restructuring of the financially...
- UASC to Hike Asia-Europe Rates on July 1
United Arab Shipping Company has joined other major container ship operators in announcing a general rate increase on westbound Asia-Europe...
- NVOs to Take Brunt of Peak-Season Surcharges
Having worked for more than 22 years in the shipping industry, much of the time with ocean carriers, Stephen Aldridge...
- News and Views from JOC Shipping Conference
Below are a few tweets from the JOC Container Shipping Conference last week sent out via Linked In (Twitter is...
- ILA May Give Shippers the Summertime Blues
If supply chain managers are starting the summer in a cranky mood, it's easy to see why. Three days...
|JUNE 8, 2012|
- CMA CGM regroups
- Northern Europe Middle East trade falls
Container flows on the northern Europe-Middle East route fell in April, with exports out of Europe falling almost 2% and imports declining by over 4%. A total of ...
- APL's LA terminal expansion gets green light
The Port of Los Angeles' Pier 300 container terminal expansion has got the go ahead after the Los Angeles Harbour Commission certified the final Environmental Impact ...
- Woodward appointed as Horizon's ceo
Charlotte (NC)-based Horizon Lines, which is a major player in the US Jones Act trades to/from Puerto Rico, Alaska and Hawaii, has named Sam Woodward as its new ...
- Matson moves closer to being standalone following debt financing agreements
US Jones Act carrier Matson Navigation Co has moved a step closer to being a standalone company after owner Alexander & Baldwin Holdings Inc (A&B) ...
- Ocean carriers all at sea
Effective July 1, 2012, ZIM Line will implement a general rate increase on the following trades linking: ...
- New capacity causes pressure on transatlantic
The recent influx of more capacity on the transatlantic trade has led utilisation and freight rates to drop and put pressure on supply and demand according to certain ...
- DHL opens new warehouse in Jakarta
Bonn-based DHL Supply Chain, which is an operating division of Deutsche Post, has opened a new common-user warehousing facility in the eastern part of Indonesia's ...
|JUNE 8, 2012|
- Eagle enlists reefer man
Eagle Bulk Shipping insists no major shake-ups preceded or followed Chris Towne's debut on its chartering desk
- Harvey to honour PSV pacts
US offshore owner will let BeeMar charters run their course when raid worth an estimated $275m is sealed, CEO says.
- George's golden ticket
Greek magnate's drilling arm looks like a sweet bet for investors given its upcoming availability, RS Platou Markets says.
- NOCC newbuild finds work
Oslo-listed owner secures debut contract for its newbuilding on order at Hyundai Heavy.
- SwissMarine picks up cape
Peter Weernink-led operator takes on its second period cape in under a week, brokers say.
- Greek tanker set free
Elmira Tankers' ship pirated in the Gulf of Aden last November has been released.
- Wind deal lifts Van Oord
Dutch dredging specialist blows away the competition to seal EUR 250m wind farm project.
- Ulstein pens four more
Norwegian family contracts an extra four PSVs at its own yard to take speculative haul on its books to six.
- L&T bags Halul orders
Indian shipbuilder to construct four offshore support vessels for Qatari owner worth $87m.
- SCF Frank on tanker rates
Sovcomflot CEO says it is way too soon for recovery talk as owner chalks up another profitable quarter.
- Brokers take fight to Eagle
Nasdaq-listed bulker owner endures another headache linked to its Korea Line chartered ships.
- Shipping's big squeeze
Nikolas Tsakos puts a new complexion on the downturn, while Harald Serck-Hansen sees no safety in numbers.
- Don't blame VLOCs for glut
Morgan Stanley says an over ordering of capesizes is true root cause for overcapacity in bulk sector.
- Hedland sees record month
Chinese appetite for ore still sharp as world's largest commodity export harbour sees record exports.
|JUNE 8, 2012|
- Keypoint adds DAT for carrier monitoring
- Wainio resigning as Tampa port chief
Richard Wainio, director of the Port of Tampa since 2005, said he will resign in September. "My decision is purely personal based on family considerations and certain future issues," he said.
- LA approves Pier 300 expansion environmental review
The $196 million redevelopment project, scheduled to begin in late 2012, will maximize use of the property at the port's second largest terminal by allowing APL to handle nearly 58 percent more ship calls.
- Jaxport board supports director's lease deferral
The board affirmed on Thursday a decision by its executive director not to pursue a possible lease with a new container terminal operator at Blount Island until the port has completed a long-term strategic plan.
- Maersk speeds up WAF8
- Horizon Lines names Woodward CEO
- CLARIFICATION: Maersk kills Spondylus WCSA loop
- UPS makes Canavan Asia-Pacific president
- P&G converts forklifts to hydrogen power
- U.S. flag group ASL shuffles execs
- Horizon's Zuckerman joins Williams Mullen
- Encompass, ServicePower target after-sale services
- Senators urged to embrace sugar reform
The amendment to the 2012 Farm Bill - the Agriculture Reform, Food, and Jobs Act of 2012 (S. 3240) ' under consideration this week in the U.S. Senate, would roll back the sugar program's most onerous provisions.
- Parr heads legal at Old Dominion
- United blends LAX small package service
|JUNE 8, 2012|
- Bunker prices end lower as week ends
Trading picked up today on the US Gulf, according to a local player.
- Ratings agency sees hope for container lines
Shipping lines are taking 'a more rational approach to pricing' as bunker prices stay close to historic highs.
- Strong demand in Fujairah
Cape Town sees return of 180 cSt spot market.
- Bunker prices falling in Europe
Quiet markets in Hamburg and Piraeus.
- Investors focus on modern, fuel-efficient ships
Older, less efficient ships 'put a big strain on balance sheets'.
- 'Earth systems' are being pushed towards their limits
UN report paints grim picture of global warming and other trends, but says MARPOL convention 'is reducing pollution from ships'.
- Shipyard to build dual-fuel bulker
50,000 dwt vessel will be able to switch between IFO and LNG.
- 'Success' for emulsion fuel in early sea trials
'Confirmation of potential emissions related benefits is a key outcome,' says Quadrise chairman.
- Week ends with lower bunker prices
Barging schedule in Singapore slightly tight, players say.
- Shipping financing to shrink on increasing defaults
Financiers set 'demanding preconditions', says CEO of Second Wind Shipping.
- WTSA plans further rate increase
Increases aimed at reversing steep declines in revenues and carriers' overall financial health, says executive administrator.
- Supplier focuses growth on New Zealand market
Gull New Zealand's new, state-of-the-art storage facility will enable it to 'keep bunker and retail prices low', it says.
- Quantity disputes 'less than 0.1%' of Singapore bunkering ops
Bunkering service providers involved in malpractice 'will be severely dealt with', says port authority.
- Bunker, oil prices have 'opposite' effect on optimal tanker speed
Optimal speed also depends on time charter rate and the financing cost of the cargo, says DNB Markets analyst.