|SEPTEMBER 11, 2012|
- Singapore opens Jurong lighter terminal at New Marina South Wharves
- Port operations restored after ship collision causes Singapore oil spill
- APL Logistics boxes cars with its 'safe, flexible' AutoDirect system
- Germanischer Lloyd sees cost savings in switching to LNG-fuelled ships
- West African pirates deploy lighters to steal oil - 40 attacks in 2012
- Fesco H1 up 11.7pc to 239,000 TEU, sales rise 21pc to US$582 million
- DB Schenker to run warehouses and distribution for Pepsi in Poland
- CN to expand Prince George locomotive shop to support Prince Rupert port
- US Government ends sinking of old ships to create artificial reefs
- Lufthansa cabin crew vow to stage no strike for 6 weeks, agree to meditation
- China Southern plans to turn Guangzhou hub for Europe, Oceania transits
- Air carriers deny charges of dumping regulars to serve e-gadget rush
- Africa must upgrade safety to make aviation key economic driver: IATA
- River port of Nantong's eight-month throughput tops 120 million tonnes
|SEPTEMBER 10, 2012|
- Asia-Europe spot rates down for sixth consecutive week: SCFI
- Chinese shipping could see hard times, says industry insider
- CK Line's VTS service
- CKYH-Green Alliance to reduce Asia-Europe loops
- Esmeralda, the Ambassador of the Seas, visits Mumbai Port
- Globe Wireless announces CrewCash & ShipMoney
- Govt to bring out new shipbuilding policy
- MSC extends Swedish coverage to Stockholm
- New Panama Canal opening may bring about intense Caribbean rivalry
- R. R. Joshi unanimous choice as new NACFS President
- Robert Uggla presented Seatrade Young Person in Shipping Award 2012
- UN emissions directive forces WTSA members to levy eco-fuel surcharge
- Vessel blaze off Mumbai coast under control
- GAIL (I) inks LNG supply contract with France's GDF Suez
- Air freight demand down 3.2 pc in July on uncertain economic outlook: IATA
- Developers' apathy forces govt to mull funding road projects
- Disturbed by industrial slump, apex chambers stress on need for hard decisions
- E-payment of Customs duty now compulsory
- FM making efforts to ensure speedy rollout of GST
|SEPTEMBER 10, 2012|
- Trans-alpine freight traffic shrinking in Switzerland
Switzerland's Federal Department of the Environment, Transport, Energy and Communications (DETEC) reported that the volume of trans-alpine road and rail freight shrank in H1/2012, ...
- Unifeeder takes over Feederlink
The Danish feeder company Unifeeder wants to buy the Irish Continental Group's subsidiary Feederlink, which operates on routes between the Netherlands and the UK. (nau)
- Nesck Sales & Rentals acquires Penske Utility Rentals
North America-based Nesco Sales and Rentals has acquired Penske Utility Rentals fleet. The purchase strengthens Nesco's east coast and mid-Atlantic presence and provides customers ...
- Tall truck and trailer order for Scania in Sweden
Scania's Swedish subsidiary has entered into a long-term agreement commencing in late 2012, which will ensure safe road transportation of iron ore concentrate until 2021. The goods...
- Russian Railways make better use of locomotives
Russian Railways reported that the usage rate of its locomotives rose by 4.2% in H1/2012, compared to the same period in 2011. The transport performance of the locomotives amounted...
- Dubai airfreight surge in July
Dubai International began the second half of 2012 on a strong note by surpassing the 200,000 t mark in July. The UAE airport's cargo volumes surged by 6.2% that month to 204,510 t ...
- Stephan Wehrle to be SBB media spokesman for German-speaking part of Switzerland
The Swiss national railway SBB has appointed Stephan Wehrle as media spokesman for the German-speaking part of Switzerland. Wehrle assumed responsibility for management communicati...
- LUG strong room secured by Brinks
LUG aircargo handling handed over the operations of its strong rooms in the LUG warehousing facilities at Frankfurt/Main airport (Germany) to Brink's on 1 September. "Thanks t...
- Air Nigeria suspends operations
Air Nigeria (formerly Virgin Nigeria), which was established in 2004, is reportedly suspending operations today (10 September). A number of African media reports have indicated tha...
- A reshuffle and a retirement at the GAC Group
Jan Farnelid, GAC's group vice-president for human resources, retired on 31 August and took on a consulting role with the group until the end of the year. Patrik Halldén has taken ...
- PepsiCo in Poland steps up collaboration with DB Schenker Logistics
DB Schenker Logistics has been selected as the service provider for PepsiCo's four regional distribution centres, with a total area of around 25,000 sqm, in Warsaw, Lodz, Cracow an...
- FPS Shenzen relocates for growth
The Shenzen (China) office of Famous Pacific Shipping (FPS) Hong Kong - one of the founders of the FPS Group network of independent freight forwarders - has relocated to larger pre...
- SNCF Geodis and Vestas transport wind blades by rail
The global logistics provider SNCF Geodis and Vestas, a prominent wind turbine manufacturer, have launched a breakthrough concept for transporting wind turbine blades. For the firs...
|SEPTEMBER 10, 2012|
- GD NASSCO achieves MLP shipbuilding milestone
- Larry Vauclin to retire after 52 years in shipbuilding
- Jensen Maritime redesigns fishing vessel
- Venezuela drops charges against U.S.-flag ship
- Lauritzen JV orders North Sea accommodation semi
- Rowan exercises option for fourth UDW drillship
- Transocean to sell off shallow water rigs
|SEPTEMBER 10, 2012|
- Port of Port Angeles names Goschen as new finance director
- Port of Camas-Washougal adds industrial park tenants
- Coast Guard cutter HEALY begins second Arctic mission
- American Cruise Lines vessel makes stop at Port of Anacortes
- Global Port Tracker report predicts September volume gains
|SEPTEMBER 10, 2012|
- US heavylift vessel to leave Venezuela after arms charges dropped
Crew held for 13 days after rifles for defence against pirates found on board
- Panamax resale pair sold for $24m each
Katsikis & Sigalas grows fleet again after selling last panamax pair in 2007
- Volatile iron-ore price is boost for futures trade
Volatility 'goes bananas' according to iron-ore broker
- New finance chief at Maersk Line
Søren Strøm joins from Clipper Group
- Private security can curb piracy in the Gulf of Guinea
Attacks involving beatings, robbery, kidnap and even death are increasing, yet governments have still not agreed any counter-piracy strategy
- P&O Ferries launches business review
Falling freight rates and soaring fuel costs make life 'extremely tough' for ro-ro firm
- Almi clinches VLCC charters with Chevron
Slew of tankers fixed as group sells eight Fairsky bulkers
- An experienced hand on the tiller
The appointment of Patrick McLoughlin as UK transport secretary heralds the return of a politician with hands-on experience of important port policy drafting
- Updated: CMA CGM is back in the black
Full-year profit ambitions on track as French line posts $178m second-quarter profit
- Søren Skou sets Maersk on new course
But there is still a long way to go, says 'old school shipowner' at the helm of world's biggest boxship operator
- China imports more iron ore than expected in August
Iron ore imports up 5.7% year on year
- Vladivostok LNG deal offsets Shtokman delays
Russia-Japan deal raises hopes for new trade in Asia-Pacific
- APMT takes stake in Global Ports
Deal is largest foreign direct investment in Russian transport
- Buyer sought for bankrupt P+S
Insolvency administrator holds 'informal' talks with shipyard's suitors
- Textainer pays $66m for extra 52,000 teu
Managing containers is a key part of business strategy, but container ownership is more profitable, says chief executive Brewer
- MSC Flaminia finally finds a berth
Arrival at Jade-Weser Port in Wilhelmshaven follows safety inspection on Saturday
- Scrapping market 'teeters' on the brink of collapse as ships await buyers
Backlog of vessels awaiting demolition in Bangladesh
- TUC demands 'coherent' shipping policy
Unions urged to condemn exploitation of non-UK seafarers
- Rongsheng faces multiple lawsuits after acquisition default
Claims of insider trading, false statement and contracting fault against private shipbuilder
- Slouching dragon, hindered tiger
Shipping braces itself for China's 'engineered economic slowdown'
- Lodestar launches fixed-premium P&I product
$100m capacity provided by RSA
- Boxship ablaze off Mumbai
Fire on Amsterdam Bridge under control
- Kuwaiti VLGC drags down spot market rates
Owners rush to secure cargoes, fearing LPG exports will dry up
- Car carrier operators face years of uncertainty as price-fix probe spreads
Premises raided in Japan, Europe and North America for evidence of collusion
- Boxships owner seeks to link charter contract with freight rates
Munich-based KGAL wants to link time charter rates to the Shanghai Containerised Freight Index
- Comment: Car carriers' concentration of power
Investigation may stem from complaints by manufacturers about capacity constraints
- Car carriers in a jam
The deepsea car trades are dominated by just a handful of global players. Is that what has raised the antitrust regulators' suspicions?
- Hudong-Zhonghua wins LNG shipbuilding deal
CSSC unit to build up to six 174,000 cu m vessels for venture between Sinopec and China Shipping Development
- Lessors build up reefer box fleets
Container investment may offer better returns to rental firms
- Singapore investigates vessel collision
Nearly 60 tonnes of bunker fuel spilled at Temasek Fairway
|SEPTEMBER 10, 2012|
- Box ship fire contained off India
INDIA'S coastguard and navy managed to put out a fire on board container ship Amsterdam Bridge
- Venezuela drops charges against US crew
ARMS trafficking charges were dropped against a US captain and his 14-member crew after they were detained in Maracaibo, Venezuela for 12 days, Fairplay confirmed today
- CMA CGM bounces back to 2Q profit
THIRD-ranking container shipping group CMA CGM has returned to profit in the second quarter of 2012, after recording net income of $178M
- ITF threatens "storm of protest" over jailed union leader
THE INTERNATIONAL Transport Workers' Federation (ITF) promised today to raise a new "storm of protest" if the Moroccan judiciary continue to refuse to release imprisoned port workers' trade union leader Said Elhairech
- Dahlman Rose: Chinese stimulus could hike rates
CAPESIZE spot rates could surge in the wake of Chinese stimulus, Dahlman Rose analyst Omar Nokta said today
- 1990s-built VLCCs snapped up for conversions
VLCC resales gained momentum last week, as buyers snapped up 1990s-built tonnage for conversions into floating oil storage
- Car carrier stocks fall on widening cartel suspicion
SHARES in two car carrier companies listed in Oslo fell on Monday morning after news that an investigation of a possible cartel in the sector had widened from Japan to include the US, Eu and Canada
- Seadrill plans $1.0Bn note offer
SEADRILL, the Oslo-listed company in the centre of John Fredriksen's drill ship and rig business, plans to raise $1.0Bn through an offer of five year notes, the company said in a statement
- Arctic Securities: Chinese stimulus won't change market
THE $150Bn stimulus unveiled by China is unlikely to change Capesize dynamics, said Arctic Securities analyst Erik Nikolai Stavseth, noting that the amount is much smaller than in 2009, while the Capesize fleet has grown by 64% in two years
- Breaking prices dive
FIRM sales in the past three weeks have taken their toll on the ship recycling market, as prices fell across the board in South Asia
- Jaya pumps capital to subsidiary
SINGAPORE offshore vessel specialist Jaya Holdings has increased its paid-up capital for wholly owned subsidiary Concord Offshore
- Long-haul box rates still falling
LONG-HAUL box rates are still declining, as shippers succeed in resisting liners' general rate increases this month
- Ezra issues S$200M notes
SINGAPORE-listed offshore player Ezra Holdings said it has issued S$200M ($162M) fixed rate notes to refinance existing borrowings
|SEPTEMBER 10, 2012|
- US Diesel Prices Stay Nearly Flat
The average cost of diesel in the U.S. stayed nearly flat, inching up a five-hundredth of a cent in the...
- Port Tracker Forecasts Strong Import Volume
Containerized imports at major U.S. ports are expected to rise 8.5 percent this month and remain strong through the holiday...
- Hapag-Lloyd Temporarily Suspends Calls at Costa Rica Port
Hapag-Lloyd has announced a temporary suspension of its calls at Puerto Caldera, Costa Rica, as part of its California Central...
- CMA CGM Reports $178 Million Profit
CMA CGM rebounded to a $178 million net profit in the second quarter from a $248 million net loss in...
- 'K' Line Ship on Fire Off Mumbai
Efforts were under way Monday to extinguish a fire that continued to burn aboard an Antigua and Barbuda-flag container ship...
- APM Moves Into Russia With $860 Million Investment
APM Terminals has acquired a 37.5 percent stake in Russia's Global Ports worth $860 million, making the port-operating arm of...
- India Container Traffic Rises 2.5 Percent
Container throughput at major ports in India grew about 2.5 percent year-over-year from April through August, according to preliminary figures...
- Asia-Europe Outlook 'Challenging,' Maersk Exec Says
Trans-Pacific volumes are performing well but the outlook for Asia-Europe is at best "challenging," according to one leading shipping executive....
- Countdown to Crisis in ILA Ports
International Longshoremen's Association and management negotiators are running out of time to avert a threatened Maine-to-Texas dock strike that is...
- Cargolux Returns to Ecuador With A New Flight Pattern
Cargolux has resumed flights to Ecuador after a nearly 39-month hiatus. The Dutch cargo carrier's twice-weekly flights to Cotopaxi International...
- Yuma County, Ariz. Studies Reefer Rail
Officials in Yuma County, Ariz., are looking closely at the trade and jobs benefits that reefer rail service could give...
- Blueberries, Other Superfruits Cropping Up in Bunches
It's not just apples and bananas in fruit markets these days. Producing nations are trying to beef up production and...
- Thermo King Launches New Trailer Platform
Thermo King is launching the Precedent, a new trailer temperature-control platform designed to deliver double-digit fuel savings, best-in-class performance and...
- Defense Logistics Agency to Buy six-Month Meat Supply
The Defense Logistics Agency is procuring a six-month advanced supply of meat, poultry and fish to provide drought relief for...
- Produce Distribution Center Goes Solar in California
Watsonville Coast Produce installed a solar power system on its roof that will save the company more than $100,000 in...
- Avian Flu Spreads to Netherlands
The Philippines imposed a ban on poultry items from the Netherlands because of an outbreak of low-pathogenic avian flu in...
- CMA CGM Extends Brazil Express Service
CMA CGM will upgrade its fixed-day weekly service between the east coast of South America and the Caribbean, introducing the...
- Dole Signs Lease at Port of San Diego
San Diego's Board of Port Commissioners voted unanimously to grant Dole Fresh Fruit a 24 1/2-year lease to import and...
- On Produce: Truck Rates, Volume Extend Their Climb
U.S. truck shipments of fresh produce totaled 8.9 million tons in the second quarter, up 24 percent from the first...
- US Agriculture Trade to Hit Record Levels
U.S. farmers, ranchers and producers are expected to sell record amounts of agricultural commodities to overseas buyers next year, according...
- Consumer Groups Sour on Food Safety
Two consumer groups are stepping up their criticism of delays in implementing the Food Safety Modernization Act by suing the...
- Drought Likely to Beef Up Meat Prices and Imports
The drought that stretched across much of the U.S. this summer decimated corn and soybean crops, with the U.S. Department...
- China's Cold Rush
As China's middle class expands and develops, so does the food marketing system and cold chain that deliver the more...
- Reefer Container Market Runs Hot
The international cold chain received a significant investment in 2011 when a record number of refrigerated containers joined the global...
- A Scrambled Message on 'Dumping'
The U.S. poultry industry got a mixed decision from Mexico after one government agency formally decided U.S. producers were dumping...
- Bridging the Gulf, on Land and Sea
Billions of dollars worth of fresh produce and pharmaceuticals cross the Mexican border each year to enter the U.S., and...
- Commentary: Rotten Tomatoes?
When countries go to war over trade, there are rarely winners. One domestic industry might get a reprieve from foreign...
- Commentary: Paying the Right Price for Reefer Service
Food shippers who have been warned of a coming equipment shortage should be cheered by a new report that shows...
- Terminal Operators' Lands of Opportunities
There's a reason they're called "emerging markets." Although markets such as India, Vietnam, Brazil and Russia offer the highest upside,...
- No Easy Answers For Shippers
Shippers planning for a possible East and Gulf Coast port shutdown next month must choose from a menu of unpalatable...
- Filling Seats Is Not Just Trucking's Problem
When it comes to trouble finding skilled employees, trucking isn't alone. From manufacturers to technology companies, nursing homes to schools,...
- Commentary: Ethanol Content's Unintended Consequences
I ran across a curious anomaly last month while on vacation way Down East in Maine. A marina is selling...
|SEPTEMBER 10, 2012|
- APM T moves into Russia
APM Terminals has spectacularly entered the Russian market by acquiring a half of Transportation Investments Holding's (N-Trans) 75% stake in Global Ports Investments ...
- Denmark and Singapore to collaborate
- Is the sun going down on EU-imported Chinese solar panels?
The EU has launched an investigation into allegations of 'dumping' of Chinese-manufactured solar panels after a consortium of 20 leading European producers complained ...
- Sappio joins Widdows at Rickmers
Ron Widdows has recruited his long time business colleague at APL, Robert Sappio, to join him at the Hamburg-headquartered Rickmers Group. Rickmers owns containerships ...
- DB Schenker expands in Stockholm
DB Schenker is expanding the capacity of its distribution centre in Stockholm Arlandastad from 31,000 square metres to 63,000 square metres. The facility handles ...
- Lessors' share of fleet will grow
The latest report on the container leasing industry by London-based Drewry Maritime Research suggests that 2012 will be another good year with the rental pool of ...
- MSC Flaminia: arrives at Wilhelmshaven
|SEPTEMBER 10, 2012|
- Tsakos parts with vintage VLCC
Tsakos Energy Navigation of Greece appears to have lined up a buyer for one of its oldest VLCCs.
- Debt discussions continue
CMA CGM is on track to restructuring $4bn in debt by year end but the process appears to have been delayed by discussions surrounding a potential equity injection from outside investors.
- Iron ore goes bananas
Freight Investor Services (FIS) says it has brokered a series of iron ore and freight options through SGX on the first day that the Singapore Exchange launched clearing for these contracts.
- Interesting boring
A Japanese drillship has set a new record by digging the deepest hole beneath the ocean floor.
- Tenryu to Thailand
Nathalin of Thailand has been linked to the purchase of a 1990s-built VLCC for $25m.
- CMA CGM accelerates
French liner giant CMA CGM has enjoyed a "substantial" rise in second quarter rates as it eyes a full-year profit.
- Dahlman sees cape spike
A fresh Chinese stimulus could boost capesize rates five-fold from basement levels, investment bank Dahlman Rose predicts.
- APM makes Russia move
APM Terminals has announced its intention to get a slice of the burgeoning Russian market.
- Docker dies in fall
A UK port worker has been killed after plunging into the cargo hold of a Japanese bulker at Hartlepool.
- SwissMarine in cape buy?
Peter Weernink's SwissMarine looks to have continued its capesize purchasing push.
- Nowhere left to run?
Sierra Leone has booted nine Iranian ships off its registry as pressure on Tehran's alleged nuclear weapons programme grows.
- SFI sitting pretty
A unique position in a difficult banking environment has spurred RS Platou Markets to upgrade Ship Finance International.
- EMGS loses $7m gig
EMGS has lost out on a $7m payday after a charter contract was cancelled.
- Crewman killed by line
A Filipino seaman has died after being hit by a snapped mooring cable at Terneuzen in the Netherlands.
- Neu sheds mini-cape
Germany's Neu Seeschiffahrt has sold off another capesize for demolition in Bangladesh.
- Rowan goes fourth
US owner Rowan adds a fourth ultra-deepwater drillship at Hyundai Heavy Industries.
- Sale spurs Pac Basin
Removal of its ro-ro headache breathed fresh life into the shares of Pacific Basin Shipping today.
- Axis orders China semi
Axis Offshore, the J Lauritzen and HitecVision tie-up, has ordered its first semi-submersible accommodation vessel newbuilding.
- Ocean Atlas to sail
The crew of a US heavy-lift vessel held in Venezuela over the presence of rifles on board could soon be free to leave.
- TDW buys a pair
Tidewater has picked up a pair of offshore support vessels from Fratelli d'Amato.
- Cash boost for P+S
Insolvent German shipyard group P+S Werften is to receive a cash injection of EUR 4m ($5.1m) to keep repairing vessels at Wolgast.
- Another boxship burns
Firefighters have been tackling a blaze on a German containership after it caught fire off Mumbai, India.
- Seadrill eyes $1bn bond
John Fredriksen-controlled Seadrill has said it will look to launch a $1bn five-year unsecured bond issue.
- Flaminia reaches Germany
The fire damaged MSC Flaminia has finally made it to Germany arriving off the country on Sunday evening.
- Oil spill off Singapore
Singapore has begun an oil spill clean-up operation after a handymax bulker and an LPG tanker collided off the city state.
|SEPTEMBER 10, 2012|
- NIT League: Port strike would cause big supply chain disruption
The large shippers organization said a survey of its members found they anticipate "significant disruptions in their supply chains in the event of work stoppages at East and Gulf coast ports."
- Numerex enters the supply chain
- Former U.S. soldier pleads guilty to export violations
- Ex-Im Bank: $2 billion financing for U.A.E. nuclear plant
The transaction will finance the construction of the first nuclear power plant on the Arabian peninsula, which upon completion will number among the largest nuclear-generating facilities in the world.
- NYK/Hapag suspend calls at Costa Rica port
The suspension at Puerto Caldera comes in the wake of a massive earthquake in Costa Rica last week that has caused congestion due to the partial closure of most of the port's berthing positions
- CMA CGM enjoys profitable 2Q
The world's third largest liner carrier said Monday it had first-half operating profits of $104 million, aided by a $392 million operating profit in the second quarter. The line also saw large increases in revenue and volume.
- Rodick named CFO of UTi
- Ceres launches supply chain sustainability FAQ
- R.R. Donnelley expands with Express Postal buy
- APMT acquires stake in Russian company
- Schenker adds transparency to cargo tracking
|SEPTEMBER 10, 2012|
- Week starts with firm prices at Fujairah
Stronger showing for bunker prices in the Middle East but Suez remains dry.
- MGO prices soften in north west Europe
Prices lack clear direction in Europe.
- European Parliament to vote of sulphur limits
Finnish industry still looking for ECA rules to be relaxed
- Make speed limits mandatory, say greens
Slower speeds introduced during the slowdown should be made to stick.
- 'Fit for purpose' should be industry standard
Blending is leading to more disputes over quality.
- Bunker prices fuel downbeat liner assessment
High prices and softer freight rates combine to form gloomy outlook.
- Asian ports start week with gains in IFO prices
Supplies 'tight' in Singapore.
- Spain seeks to regulate bunkering in Gibraltar waters
Comments followed fishing dispute in Gibraltar waters.
- Philippine oil company gets approval to acquire tanker firm
Acquisition will result in savings from financial and operational efficiencies.
- German firm introduces new engine with gas option
Engine sets new standards in fuel efficiency, says MAN Diesel.
- Chinese supplier anticipates further legal actions
Expects to face further litigations in relation to its CEO take-over bid.
- Trinidad bunkering 'holds potential'
BIC CEO believes Trinidad a 'great opportunity' for bunkering.
- Bunker spill in Singapore collision
Oil response team activated following collision between bulk carrier and LPG tanker on Sunday.