|APRIL 12, 2012|
- OOCL names chief operating officer Andy Tung as new CEO from July 1
- Japanese carriers consolidate two Asia-Latin America loops into one
- Zim extends EMX from Busan to Black Sea ports of Odessa, Novorossiysk
- Emirates Shipping to raise Asia to East Africa-India rates April 15
- Emirates joins Hyundai in Korea-Middle East service starting April 24
- Port Tracker sees normal peak season for US imports, 3.2pc uptick in April
- Dongguan's Humen port to set up 3-square kilometre free port in 10 years
- Fujian's merged Meizhou Bay ports to focus on domestic bulk and boxes
- Port of Rotterdam net profit increases 10pc to US$243 million in 2011
- China's daily railway freight volume sets record high in March
- AtoBviaC offers shipboard software with route changes to evade pirates
- Lomar orders new 2,200-TEU ships from Guangzhou Wenchong Shipyard
- US Ambassador to China says America liberalises trade, investment rules
- Hactl hosts Russian delegation to Hong Kong e-freight implementation
- Yangtze River Express launches cargo flights from Chengdu to Paris
- Air France seeks new union contracts to implement cost-cutting measures
- Inner Mongolia's Hohhot Airport adds flights to Xian and Chongqing
|APRIL 12, 2012|
- EU freight cartels fined 169 m euros: Report
- Relax cabotage law for 3 years, govt panel tells MoS
- US imposes high preliminary import duty on Indian steel pipes
- DP World reports significant increase in 2011 profit
- MACCIA's Maharashtra ports conference on April 23
- CONCOR, CSC commission Mulund air freight station
- Govt bid to meet highway development target a godsend for infra cos
- Corporate sector demands 0.5 pc cut in interest rates
- Gold import tariff value cut to $ 539/10 gm
- SBI to slash lending rates for SMEs
|APRIL 11, 2012|
- New safety training schemes for drivers in Africa
North Star Alliance and Fleet Forum have announced an initiative, called NSEWA, to close the gap between health services and road safety through specially designed driver safety tr...
- Australia: work begins on the Clyde Road upgrade
Construction on the Clyde Road upgrade in Berwick, Victoria (Australia), has begun. The work involves the building of a dual divided carriageway from High Street to Kangan Drive. ...
- Norfolk Southern: construction to begin on intermodal facility in Charlotte
The city of Charlotte in North Carolina (USA) recently signed a lease agreement with the transport provider Norfolk Southern Corporation. It was a momentous move that will kick off...
- Saudi Airlines Cargo appoints Keku Gazder as regional director
Saudi Airlines Cargo named Keku Gazder as regional director cargo for the Indian Subcontinent on 1 April. He will report directly to Peter Scholten and manage activities in India, ...
- Rickmers-Linie names new agents
Rickmers-Linie, a Hamburg-based German shipping line that specialises in heavylift and project cargo tasks, has named HSR Ocean Trades in Chittagong and Diamond Shipping Services i...
- Copenhagen/Malmo/Shenzhen cooperation deal signed
The collaborative Danish-Swedish port of Copenhagen Malmö (CMP) recently concluded a cooperation agreement with the four Chinese ports of Shenzhen. Yantian, one of the four ports o...
- More Mahan to Shanghai
As of today (11 April), Iran's Mahan Air is increasing its flight frequency between Shanghai Pudong airport (China) and Teheran t...
- CAF signs two new contracts in Saudi Arabia
The Spanish railway producer CAF has signed two new contracts worth EUR 200 million in Saudi Arabia. One is with the Saudi Railway Company (SAR) and the other with Saudi Railways O...
- CMA CGM upgrades West Med - Morocco service
The French shipping company CMA CGM and its Moroccan subsidiary, Comanav, will, as from today (11 April), serve the West Mediterranean /Morocco trade through three separated loops ...
- World Container Index shows second large hike in Asia-to-Europe box rates in two months
The latest Shanghai-to-Rotterdam container freight rate assessment from the World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, shows that cont...
- CMA CGM Group names new vice-president
The French CMA CGM Group has appointed Jacques Delort as vice-president of information systems for the group and deputy general manager of CMA Systems, the new entity set up as par...
- H&S Container Line in Rotterdam augments sales team
Rotterdam (Netherlands)-based H&S Container Line chose Torbjörn Persson to be its new sales and business development manager in mid-March. His task is to strengthen sales activ...
- EVA prolongs contract with FCS
The Taiwanese carrier EVA Airways (BR) has once again awarded Fraport Cargo Services GmbH (FCS) a long-term freight handling contract. EVA, whose cargo has been handled by FCS sinc...
- FedEx buys Polish CEP company Opek
US-based FedEx Corporation said recently that it will buy the Polish CEP company Opek to gain a ground delivery network with about USD 70 million in annual sales. The financial ter...
- Ceva renews energy contract with Petroamazonas
The logistics and SCM specialist Ceva Logistics has expanded its contract with the Ecuadorian state-owned oil company Petroamazonas. Under the renewed contract Ceva will continue t...
- DHL acquires 24% stake in Lemuir
According to local press reports, the Deutsche Post subsidiary DHL has acquired the 24% stake held by India's Lemuir Group in their joint venture. As a result of the transaction, D...
|APRIL 11, 2012|
- Horizon Lines reports loss making fourth quarter
|APRIL 11, 2012|
- Port of Portland taps Degens as business development manager
- BTS freight index up during month of February
- Truck driver turnover rate slides during fourth quarter
- Port Tracker report predicts rise in import container volumes
- Mitsui making changes to Asia/Mexico/SAmerica routes
|APRIL 11, 2012|
- Jones Act targeted in fresh political attack
Guam representative seeks to dilute the law after Senator John McCain fails in new bid to have it abolished
- Nigerian pirates step up use of motherships, warns Bergen
Hijacked vessels become bases for new attacks
- Problems stack up for cash-strapped Greek ferries
Seafarers' strike adds to companies' woes
- Eagle Bulk fixture activity defies broker claims of difficulties
All of its 45 vessels are committed to charters, disproving rumours, New York company says
- Government must review tax and crew rules, says chamber
VAT and other levies make up 22% of costs while the state is also a factor in port charges and vessel manning levels
- My cousin, the hero
'With enough lifeboats, nobody would have died and who would remember it today?'
- Battle planning for serious casualties
However good a master's professional training might be, it probably has not prepared him for a position of ultimate responsibility in a major casualty
- China ventures into foreign finance
Barriers to growth include hefty interest rates and red tape
- Build in China to borrow in China
Owners who order from China shipyards will find the banks more forthcoming
- Greek-owned shipping tops record 264m dwt
Survey shows more capacity but a shrinking home-flagged fleet
- Exclusive: Maran seals deal with BG for up to five more LNG carriers
Angelicoussis gas arm has covered up to nine of 11-ship newbuilding programme
- March VLCC rates rally explained
McQuilling argues the causes and prospects for better tanker rates
- A century after Titanic, shipping still claims lives
Despite falling loss and death rates, working at sea remains a dangerous job
- Brokers gloomy on boxship charter prospects
Hamburg optimism unfounded, say London counterparts
- Skagerrak Foundation demands tighter ship safety rules
Titanic would meet today's Safety of Life at Sea Convention requirements, says lobby
- Sovereign liability cover rejected as answer to Iran sanctions
Any alternative to P&I cover risks hurting third parties most, says Hong Kong shipowners' association chief
- Rotterdam to help develop $2.2bn Brazilian greenfield port
Porto Central project aims to serve booming oil, gas and offshore services sectors as well as handling dry bulk and general cargo
- VLCC earnings hit one-year high on Saudi-US route
Spot market rates from Middle East to hold steady in coming weeks
- Safety must apply to all
It is time to reassess the way that the industry shapes safety regulation. The rules are written to improve safety, so any clause allowing non-compliance goes against this concept
- Posidonia pledges tight security in light of Athens bombings
But no step-up in checks, despite political tension in Greece
- Almi presses Daewoo for more LNG slots
Greek tanker owner plots $2bn worth of gas carrier and drillship projects
- Japan P&I Club seeks advance notice from members carrying Iranian oil
Insurer claims right to deny cover to comply with EU sanctions
- Sydney docker talks hit stalemate
Conciliation planned as Port Botany union rejects Asciano agreement
- CO2 tipping point
Shipowners need support in a new era of emissions regulation
- ACL to order five ro-ro ships in weeks
Transatlantic specialist benefits from falling newbuild prices
- Hapag-Lloyd's victory lap
Discipline pays off as Hapag-Lloyd mulls turning to stock market to build warchest
- Horizon closes 2011 with $229m loss
Asset sales planned after delayed annual report reveals turbulent year
- Japanese lines upgrade Asia-Latin America box services
MOL, NYK and K Line deploy bigger tonnage
- OOCL confirms Tung succession
Official statement names Andy Tung new chief executive from July
- China publishes tepid first-quarter trade figures
Second quarter growth in iron imports may boost capesize rates
|APRIL 11, 2012|
- SA issues guard warning
SOUTH Africa would need a "drastic restructuring" of its statutes if Pretoria allows armed guards on foreign ships, its defence minister warned today
- SCI wins terminal deal
SCI, INDIA'S largest shipping company, has branched into the port sector
- Colombia-Panama ferry service planned
A FERRY service is planned between Cartagena de Indias in Colombia and the Panamanian port of Colón, IHS Global Insight reported today
- Tsunami watch cancelled
A TSUNAMI watch for the entire Indian Ocean was cancelled today by the US Pacific Tsunami Warning Center, despite an 8.2-intensity aftershock to yesterday's 8.7-magnitude earthquake in Indonesia
- Japan P&I warns on Iran
JAPAN'S P&I Club said it has taken steps to address member claims that might be affected by the EU's tighter sanctions on Iran
- Russia box imports drop
A SLOWING of growth in Russian box volumes last year gave way to an outright decline in the first quarter of 2012, according to Transcontainer
- Onassis cave-in could spark VLCC rate drop
BROKERS told Fairplay today VLCC rates on the benchmark Gulf/East route could drop
- Sale seen boosting STX OSV stock
SECURITIES firm DMG & Partners said today STX's divestment of its 51% stake in Singapore-listed STX OSV should boost the latter's share price
- NOL mulls alternatives
SINGAPORE'S NOL could offer a rights issue if it desperately needs cash, securities firm Maybank Kim Eng said today
- Port labour headaches persist in Australia
STRIKES have caused worsening delays in Australia's coal ports of Hay Point and Abbot Point, even as congestion eased in iron ore ports and other coal ports
- KOMIPO closes LNG deal
KOMIPO has signed a $3.4Bn S&P deal with Swiss-Dutch energy trading company Vitol, IHS Global Insight has reported
- IronClad plan approved
SOUTH Australia has given final state approval to the first stage of IronClad's plans to turn a small port into an iron ore export hub
- Vale snaps up five Capesizes
VALE HAS contracted five Capesizes to ship iron ore to the Far East, as Brazilian exports begin recovering from January's heavy rain, brokers told Fairplay today
- Chinese crude imports drop
CHINESE customs data show that refinery maintenance since March has caused a drop in oil imports
|APRIL 11, 2012|
- Army Corps Targets Savannah Depth at 47 Feet, not 48 Feet
When the Army Corps of Engineers released final documents Wednesday for the Savannah Harbor Expansion Project, it surprised the industry...
- Global Semiconductor Sales Decline
International semiconductor sales in February fell 7.3 percent year-over-year and 1.3 percent from January, further illustrating the weak demand plaguing...
- CMA CGM Sets 'Emergency' Rate Hike in Asia-Europe Trade
CMA CGM has announced an "emergency rate restoration" of $385 per 20-foot container on routes from Asia to Europe and...
- Hamburg Plans Traffic Surge After Elbe River Deepening Project
Hamburg is set to sharply increase its share of the fiercely competitive North European container market after a long-delayed plan...
- Army Corps Releases Final Savannah Deepening Documents
The U.S. Army Corps of Engineers released the final documents on Wednesday for the Savannah Harbor Expansion Project for review...
- Truckload Driver Turnover Rate Slows
Large truckload carriers had a slightly easier time holding onto truck drivers in the fourth quarter, with rising tonnage likely...
- CTS Reports Growth in February Container Trade
Container imports to Europe increased 4 percent in February, while exports grew 8.89 percent, according to the latest analysis from...
- Vietnamese Container Ship Sinks After Collision
A Vietnamese vessel carrying 60 containers sank off the shore of southern Vietnam after it collided with a Thai ship...
- FMC Considers Container Rate Index for Exports
The Federal Maritime Commission is interested in exploring a suggestion by agricultural shippers that establishing a container rate index for...
- Horizon Operating Loss Narrows to $6.9 Million
Horizon Lines said its fourth quarter loss on continuing operations narrowed to $6.9 million from $33 million a year earlier...
- Maersk to Raise Cargo Rates Again
Maersk Line is implementing a new round of general rate increases on various trade lanes that will take effect in...
- Trans-Pacific Spot Rates Hold Up
The general rate increase implemented on March 15 by carriers on the eastbound trans-Pacific trade continued to hold up this...
- "K" Line to Enhance Asia-Americas Services
"K" Line will upgrade its services linking Asia and Mexico and the west coast of South America over the next...
|APRIL 11, 2012|
- Transnet targets rail transport
Transnet SOC is hoping that its planned ZAR300(USD37.8) billion seven-year capital expenditure programme will lead to a modal shift in the country as general freight, ...
- Greece faces a summer of discontent
The second day of a 48-hour strike by Greek dockers in protest at another raft of bail out-conditional austerity programmes has brought the embattled nation's ports ...
- Horizon's losses deepen but it slashes debt with vessel charter settlement
US Jones Act carrier Horizon Lines has seen its losses escalate as it suffered a net loss of USD229.4 million for 2011 compared to a deficit of USD58 ...
- Emirates books onto HMM's KMS link
Emirates Shipping Line (ESL) has agreed a slot sharing arrangement with Hyundai Merchant Marine (HMM) and will from April 24, 2012, be booking cargo on the South ...
- Japanese carriers revise their Asia/WCSA service network
K Line, Mitsui OSK Lines and NYK Line which jointly serve the trade between the Far East and the west coast of South America (WCSA) and Mexico are rationalising ...
- SCCT 'back to normal'
After several days of 'go slow' by dockers at Port Said's Suez Canal Container Terminal (SSCT), the largest in the Egyptian Mediterranean coast port, operations ...
- Global Port Tracker forecasts 'traditional peak season' as US volumes rise
Import cargo volume at the US' major retail container ports is expected to increase 3.2% in April compared with the same month last year, and year-over-year gains ...
- AADA hikes China-Aus rates
The members of the Asia Australia Discussion Agreement [AADA] propose to increase freight rates on their services from China and Hong Kong to Australia from May ...
- Billions wiped off euro bourse values
The post-Easter meltdown continued yesterday as European stock markets suffered one of their worst days in months on fears that the global recovery is stalling ...
- The T&L industry needs sexing-up
Why did you choose a career in transport and logistics [T&L]: was it the handsome salary package and career prospects, or the sharp-end excitement and job ...
|APRIL 11, 2012|
- Protesters swarm CCL meet
Activists attempt to steal the spotlight as Costa Concordia takes centre stage at US-listed cruise giant's annual meeting.
- Cal Dive storms wind arena
New York-listed offshore contractor readies Nantucket Reds in a bid to take a bite out of Cape Wind Project.
- CMRE poised to pop
Constantinos Constantakopoulos-led containership owner positioned to cash in on market recovery, analyst tells investors.
- TOPS teeters on the brink
More asset sales may be on the horizon as Evangelos Pistiolis-led owner grapples with covenant breaches and liquidity crisis.
- MSC ponders port listing
Notoriously private shipowner is tipped to be lining up a $1bn IPO for its terminal arm.
- Matson closes in on IPO
Alexander & Baldwin executives hit the road to pitch spinoff of US liner wing to analysts in anticipation of upcoming vote.
- Havila nets term duo
Oslo-listed owner joins Farstad and Solstad in penning new vessel charters.
- Horizon stained red
Cash-strapped containership owner poised to pursue sale of "selected assets" in a bid to preserve liquidity.
- Are rate hikes off the map?
Citi says record newbuild deliveries and reactivation of capacity are a threat to push for better earnings.
- Solstad Offshore books trio
Oslo-listed offshore outfit ties up three vessels on long-term deals.
- Greek fleet sets new record
New benchmark of 264 million dwt set despite reduced vessel count, new report shows.
- Nigeria follows Somali lead
Use of motherships by pirates off Nigeria now proven beyond doubt, Bergen Risk says.
- Farstad racks up Oz charters
Karl-Johan Bakken-led offshore outfit consolidates position Down Under with a flurry of deals.
- Fincantieri in STX OSV swoop
Corrado Antonini-led yard touted as a potential buyer of STX Group's shares in Singapore-quoted firm.
- Nova drives VLCC revival
New Maersk-fronted tanker pool has had an "appreciable impact" on spot rates, Intermodal says.
- Back to the future
Frontline 2012 to retrace the success of its predecessor and enjoy a growth spurt in a weak market, Arctic says.
| - Ocean news||web site|
|APRIL 11, 2012|
- FP0406aa Maersk slows FM3 again, add Shanghai
- CBP vet Herman joins Venable trade practice
- Swisslog provides new storage system for Asda
- U.S. imports up nearly 10 percent in March
- Asia-Europe volume up 16% in February
- Bulk tonnage increases at Redwood City
- FMC reviews 18 OTI license applications
- IQMS launches shipping management module
- Horizon hit by big loss
- Japanese lines merge Asia/Mexico/WCSA loops
|APRIL 11, 2012|
- NuStar expands bunkering service
NuStar will supply bunkers via barge to ports surrounding the Columbia River.
- Prices mixed in South European ports
Tight avails of LS product in Rotterdam.
- Prices falling across Middle East and Africa
NYMEX showing gains in early trading.
- Oil extends gains on decreasing stockpiles
Both finished gasoline inventories and blending components inventories decreased last week.
- Horizon Lines reports fourth-quarter 2011 financial results
Company forecasts bunker fuel costs in the $730-$735 per metric tonne range in 2012.
- Commitment to alternative fuels 'not about saving the earth'
US Navy officials continue to defend commitment to alternative fuels.
- Updated H2S test method solves industry issue
Test method to determine if H2S in bunkers meets ISO 8217:2010 limit receives revision approval after correction for interferences.
- Fuel oil trader to join Chemoil
Another fuel oil trader leaves Shell Singapore.
- Service contract 'will cut' Carnival's fuel consumption
Savings could be 'as high as $1 million per-ship, per-year.'
- Fuel oil stocks in East China decline
Further declines expected partly due to strong demand from bonded bunker suppliers.
- Bunker prices falling in major Asian ports
Avails of bunker fuel at key Asian ports 'fine' mid-week.
- O.W. Bunker appoints new manager of Malta division
Grafakos has expertise in manufacturing and development of marine lubricants.
- Mississippi river fuel spill cleanup completed
Response cleanup 'went very quickly' as a result of slow discharge of bunkers and fast river current, says USCG.
- GS Caltex to increase bunker fuel storage capacity
Plans to convert terminal on the west coast of South Korea to store bonded bunkers from May onwards.
- Sinopec eyes higher bunker sales volume, profits
Urges international trading partners to 'build a grand blueprint for China bonded oil market'.
- US in move to align maritime rules with international conventions
US Coast Guard wants bunkering activities and oil systems failures to be entered into oil record book.
- CSDC warns of Q1 losses
Expects to swing to a loss partly due to high fuel costs.