|JUNE 12, 2012|
- UASC joins other lines, increases Asia-Europe rate US$505/TEU July 1
- Cosco's third 4,253-TEU vessel delivered to join Asia-Houston loop
- MOL adds slots to all-water Far East-US east coast service via Panama
- China Merchants' Shenzhen-Shekou terminal adds intra-Asia service
- Hubei four-month international container volume up 4.6pc to 96,000 TEU
- ILWU, ILA dockers mull alliance to defend unions' waterfront control
- MCC Transport CEO enjoys fair winds, but fears second half doldrums
- INTTRA, SeaIntel to publish performance, schedule reliability index
- APL's US$196 million LA terminal upgrade jumps final environmental hurdle
- Box throughput to surge at South Asia Gateway Terminals (SAGT) in Sri Lanka
- CMA CGM combines specialist road, river and rail units into single firm
- EU, US reach air cargo security deal to accept European screening standards
- UK to meet deadline for 100pc screening of US bound bellyhold cargo
- DHL opens Jakarta warehouse to meet high tech growth expectations
- OAG report says aviation opportunities are burgeoning in Brazil
|JUNE 11, 2012|
- AADA to lower bunker surcharge from July 7
- Govt eyeing fresh cargo tie-ups to boost inland waterways
- InterManager boosts membership
- L&T Shipbuilding bags 4-vessel order from Qatar
- Majority of late container deliveries due to vessels not being on time: SeaIntel analysis
- MSC to deploy new 13,092-TEU vessel on Asia-Europe loop
- New ISS GMT service launched to meet growing demand for digital bookings
- South Korean ports register all-time high box throughput in May
- Thomas Gunn launches new generation Voyager at Posidonia 2012
- Yang Ming extends AWE3 service to Manzanillo from July 1
- EU report slams India for imposing trade curbs
- Govt may provision 50,000 acres of Major Port land as realty
- P. D. Rathi felicitates P. K. Sinha
- Contingency plan in place to brave eurozone meltdown: Basu
- Importers scampering for forex cover to ride out rupee storm
|JUNE 11, 2012|
- New president of UPS Asia Pacific
The giant US service provider UPS has appointed Brendan Canavan as its new president of the UPS Asia Pacific Region with responsibility for more than 40 countries and territories t...
- Meyer & Meyer names new managing directors
The fashion logistics specialist Meyer & Meyer, based in Osnabruck (Germany), has appointed Uwe Hasselberg and Uwe Schildheuer as its new managing directors. Schildheuer became...
- Kombiverkehr says truck consignments to Lyons can now switch to rail in Cologne
The German intermodal service provider Kombiverkehr has announced that shipments to/from France can now switch between road and rail in Cologne (Germany). From 11 June, Kombiverkeh...
- OECD Countries spend an average of 1% of GDP on road and rail infrastructure
Investment in inland transport infrastructure in the last 15 years has remained constant at 0.8% of GDP for the OECD states (excluding Japan), and the volume of investment has grow...
- MAN sold 25,000 trucks in Middle East
The German vehicle manufacturer MAN Truck and Bus Group has sold over 25,000 trucks in the Middle East since it opened its regional headquarters in Dubai (UAE) in 2006. In the...
- DPD scoops up Hungary-based GTR Logistics Kft
The CEP service provider DPD recently acquired 100% of the Hungarian company GTR Logistics Kft. This move further reinforces DPD's market position in Hungary. GTR has been active i...
- Ceva Logistics completes buyout of Ceva Ground in China
The SCM and logistics service provider Ceva Logistics has completed the buyout of the road service provider Ceva Ground in China, transforming the former joint venture into a wholl...
- Award hattrick for Hapag-Lloyd in the USA
Hapag-Lloyd America was honoured three times over in recent weeks when the shipping company was presented with the Alcoa «Ocean Carrier Award», Eastman «Excellence Award» and «PPG ...
- Tallman Truck Centre Ltd acquires assets of Western Toronto International Trucks
Canada-based Tallman Truck Centre has completed the acquisition of the assets of Western Toronto International Trucks Inc. The new entity's legal name will be Tallman Truck Centre ...
- Mainfreight opens new air and sea branch in Le Havre
As from today (11 Jun), a new branch of Mainfreight, a global supply chain logistics company with teams and branches across Australia, Asia, ...
- Neo alternative saves the day and the budget
Neo Air Charter - the founder and German member of the Global Charter Alliance (see ITJ Daily of 18 April 2012) - has handled the urgent transportation of two giant track rollers f...
- Finnair with much more cargo in May
The Scandinavian carrier Finnair reported that its May cargo traffic measured in available tonne kilometres grew by 18.1% and the revenue tonne kilometres rose by15.8% compared to ...
- Change of generation at Leipzig-based Krause Transporte
Susann Quast and limited partner Nico Sperlich have taken over the management of Leipzig (Germany)-based Krause-Transporte KG. The former owner and managing director, Heinz Quast, ...
- Hoegh Lines concentrating on Maputo
Hoegh Lines has structured all its inbound Africa deep sea trades to converge into Maputo. A similar arrival window allows for transhipment to the carrier's newly establi...
|JUNE 11, 2012|
- U.S.-flag ships still on Paris MOU Gray List
- AMPOL demonstrates sunken oil recovery system
- Diana Shipping Panamax bulker gets Cargill time charter
- Fairmount Marine support vessel assists drillship
- NOAA commissions SWATH that it towed from shipbuilder
- Rickmers opts for ABB trim optimization and fleet management...
|JUNE 11, 2012|
- Port of Portland files labor charge over union dispute at Terminal 6
- Port of Olympia boatworks nets clean boatyard honor
- Diana Shipping Oks charter of Panamax dry bulk vessel
- Port of Seattle police officer named top Navy Reserve sailor
- APL, APL Logistics honored at Asian Freight & Supply Chain awards
|JUNE 11, 2012|
- Europe on the brink
Lloyd's List offers unique insight into the eurozone crisis and the risks and opportunities it presents for shipping
- Why the Spanish bail-out matters
Lloyd's List euro-crisis series highlights the implications for shipping markets
- China's trade feels the sting of Europe's slowdown
First interest rate cut in years comes ahead of May export data release
- Asia may go shopping for European assets
Reduced values in eurozone could prompt cash-rich Asian companies to buy
- Dongfang Shipbuilding delisted from London's AIM market
Banks rush to seize Chinese company's assets
- Five-year wait for technology take-up
Owners will put off using technology that cuts emissions until the IMO's 2020 deadline looms closer
- The case against the phantom baseline
Technology makers must revise their claims as operators become more efficient
- Schulte and JP Morgan reported to have jointly ordered five boxships
Hanjin's Subic Bay yard to deliver quintet of 5,100 teu vessels from 2014
- JP Morgan and Gemak put on contempt of court notice in B+H Chapter 11 case
Michael Hudner-led debtor follows tried and trusted script
- Baltic Exchange capesize price benchmark closes in on all-time low
All bulk carrier sectors show further signs of weakness
- Yangfan to build two bulkers for CSL
Chinese yard lands orders despite industry woes
- ICS urges Brussels to keep tonnage tax status quo
Shipowners warn that changes to the regime would threaten European jobs
- Chinese ore import growth fails to shift capesize rates
Asia giant takes in 64m tonnes in May
- China imports record monthly volume of crude
Tanker market needs growth but questions linger over country's future oil demand
- Lürssen eyes a slice of Sietas
Rival to take over insolvent shipbuilder's repair site
- Deutschland switches to Malta flag
Outrage as country's most famous cruiseship leaves German register
- L&T Shipbuilding wins $86.6m offshore orders
Up-and-coming Indian yard to build for Halul Offshore Services
- Greeks bearing gifts
Shipowners' million-euro donations will not placate cash-strapped voters
- Qatar flexes muscles in new LNG supply deal with Japan
Long-term deal to supply 1m tonnes a year to Tokyo Electric Power
- Who classes Iran?
Bureau Veritas withdrawal leaves shipping dangerously exposed
- DSME and STX win South Korean warship contracts
Shipbuilders secure deals for submarine and guided missile patrol vessel
- Carriers must work harder to make container deliveries more punctual
Vessel reliability is not the only issue
- Great Eastern Shipping sells offshore vessel
Indian owner cashes in on bullish market
- Bunker prices drop below $600 per tonne
Respite for owners may prove temporary if sailing speeds pick up
- Demolition rates plunge to lowest level in over a year
Few buyers emerge, with yards well stocked ahead of monsoon slowdown
- ISS launches on-line marine crew travel service
Seafarers able to use mobile devices to manage bookings
- Sepia's liquidators play for time
KPMG has three-month extension to hold first creditors' meeting
- Emsa appoints new executive director
Finland's Markku Mylly takes the helm
|JUNE 11, 2012|
- India reported to halt Iran's crude
INDIA'S government-owned refiners will reportedly halt planned oil imports of 173,000 barrels per day from Iran when EU sanctions take effect in July
- Asia/Europe box rate slip gets even worse
ASIA-Europe rates are continuing their fall, with the World Container and Shanghai Containerised Freight indices both registering drops
- SMM-Swiber JV awarded $175M offshore project
SINGAPORE'S SMM told Fairplay today that the group and partner Swiber Holdings have been awarded $175M in Indonesian offshore schemes
- Lower oil prices seen sparking VLCC rate fall
BROKERS expect VLCC rates to weaken this week, with lower oil prices and the resulting cheaper bunkers encouraging charterers to seek discounts
- B+H seeks contempt orders
JP MORGAN Chase and Turkey's Gemak Shipbuilding have been accused by B+H Ocean Carriers of willfully violating the Chapter 11 automatic stay
- Penguin sets up subsidiary in Malaysia
SINGAPORE's Penguin International said it has set up a 49%-owned subsidiary in Labuan, Malaysia
- China's iron ore imports recovered in May
CHINA's iron ore imports rebounded in May, after sinking to a six-month low in April, customs data indicated today
- Recovery seen delayed for box shipping
CAPACITY oversupply will delay box shipping's return to good health until at least 2014, a ratings agency has warned
- Avance grabs more VLGCs
AVANCE Gas has snapped up another two very large gas carriers, after buying two VLGCs from Maran Gas two weeks ago
- Seven tankers reported seized
CREDIT Suisse and Chinese banks were reported today to have seized seven of Dongfang Shipbuilding's tankers because of outstanding debts of about $250M
- Seafarers finally returned to Morocco
AFTER a five-month occupation of three Comanav-Comarit ships, 147 seafarers have returned to Morocco from the French port of Sète
- GSI warns of losses
Guangzhou Shipyard International today said it would pay no dividends or new bonuses because it expects losses this year
- China sets monthly crude import record
CHINA'S monthly crude imports hit a record high in May, when the country imported 25.48M tonnes, or 6.03M barrels per day
- Chevron terminating charter IT's VLCC
THE US-listed VLCC and Suezmax owner Independent Tankers said the bareboat charter for the VLCC Phoenix Voyager is being terminated by Chevron Transport
- Stockpiles hit shipbreaking
STOCKPILING of scrap steel in major ship recycling nations means it could be some time before end-buyers resume their purchasing appetite
|JUNE 11, 2012|
- Allied Systems Holdings Files Chapter 11
Allied Systems Holdings filed for Chapter 11 bankruptcy protection from creditors June 10, saying it would keep its auto-hauling trucks...
- Diesel Prices Hit Nine-Month Low
Diesel prices in the U.S. hit the lowest point since October, falling 6.5 cents in the week ending June 11...
- US Rail on Strong Track As Economy Slows
The U.S. rail shippers don't appear to heeding the warnings of a national economic slowdown. Intermodal volume in May...
- FMCSA Shuts Down Wisconsin Trucker
Federal regulators shut down Wisconsin trucker WTSA US Express, the seventh motor carrier ordered off the road for safety violations...
- Schneider National, CSX Expand Partnership
Schneider National and CSX Transportation have expanded their multiyear contract to allow the truckload giant to provide intermodal service at...
- IATA Sticks to 2012 Airline Profit Forecast
The International Air Transport Association maintained its $3 billion global airline profit forecast for 2012 as oil prices fall, passenger...
- FMC Relaxes Rules for NVO Agreements
The Federal Maritime Commission voted to ease technical requirements for non-vessel-operating common carriers' filing of negotiated rate agreements. The...
- VW Said to Be Eyeing Navistar Stake
Volkswagen, the German auto and commercial vehicle manufacturer, is mulling the purchase of a stake in U.S. truck maker Navistar...
- APM Terminals Orders Automated Cranes for Maasvlakte II
APM Terminals has ordered 26 automated rail-mounted gantry cranes and two rail cranes from Austrian manufacturer Kuenz for APMT's Rotterdam...
- India's Container Volume Down 1.71 Percent
The volume of containers handled by major ports in India fell 1.71 percent year-over-year in the first two months of...
- Geodis Wilson Opens Logistics Center in Vietnam
Geodis Wilson has opened a new logistics center in southern Vietnam to meet rising demand. The 8,500-square-foot facility is...
- Race Tightens for US Container Trade's Triple Crown
The race is getting tighter for the U.S. container trade triple crown as the leading carrier in imports, exports and...
- Commentary: Absent Authority, Is Rebrokering Illegal?
Q: I read a few months back about your opinion regarding carriers rebrokering shippers' freight to other carriers. I'm not...
- Rails Tracking Growth in NAFTA Trade
Shippers are increasingly turning to railroads instead of trucks to tap the booming surface trade between the U.S. and its...
- Old, Used Trucks Are Not Cheap
Could "used-truck salesman" be one of the best jobs in trucking? Follow the money. "It's a great time to be...
- Eastern US Rails Poised for Growth on Either Coast
Major eastern U.S. railroads stand to gain whether or not the Panama Canal expansion brings more freight to the ports...
- 3PLs Ride a Bull Market
Even in a slow economy, third-party logistics is a growth industry. U.S. 3PLs' gross revenue rose 5.2 percent last year,...
- Transportation Rivals Take Diverse Roads to Expand
While UPS made a splash with its move to buy TNT Express earlier this year, FedEx appears to be forging...
- Natural Gas Changing Transportation Industry
In the current season of the AMC hit series "Mad Men," protagonist Don Draper heads to a Rolling Stones concert...
- Indiana Toll Road: Deal of (Almost) a Century?
Indiana Gov. Mitch Daniels is a hero to advocates of public-private partnerships for successfully negotiating a $3.8 billion deal to...
- Privatized Toll Roads Under Fire
The idea of using public-private partnerships to build or maintain toll highways and bridges may not be as popular as...
- ILWU Work Force Expands With Introduction of Technology
The words "technology" and "automation" are troubling to longshoremen because they signal a loss of job opportunities. But the landmark...
- Dockworkers, Employers Face Off in ILA Talks
Negotiations on a new International Longshoremen's Association contract for East and Gulf Coast dockworkers have taken a negative turn, confronting...
|JUNE 11, 2012|
- Maersk continues to upgrade Asia/Mediterranean services
- China's solar firms shift production to Taiwan
To avoid new punitive anti-dumping duties of 31-250% on Chinese-manufactured solar panels by the US government, some solar firms have shifted production to Taiwan, ...
- Transpac rates soar as PSS kicks in
Transpacific spot rates surged massively at the end of last week on the back of the Transpacific Stabilisation Association's (TSA) Peak Season Surcharge (PSS), ...
- 'Mother ship' released by pirates
A Greek-owned chemical tanker that was seized by Somali pirates in October of last year, and then reportedly deployed by the gangs as a mother ship base for launching ...
- Markets 'like' Spanish bank bail-out
A de-facto bail-out for Spain at the weekend, in the form of a EUR100 (USD126) billion capital injection into its stricken banking system, appears to have been ...
- Wilhelmshaven delayed
It has been confirmed that the opening of Germany's prestigious new deep-water container terminal in Wilhelmshaven has been delayed. Structural damage caused by ...
- Fitch senses a turnaround situation...but
Fitch Ratings, the credit ratings agency group, believes that the container shipping sector could be at the early point of a recovery.Pointing to the latest results ...
|JUNE 11, 2012|
- 'Eco' pushes up MR price tag
Maersk's $65m raid on Hyundai Mipo resales illustrates power of fuel promise even if claims are untested, brokers say.
- Debt swap sparks sell-off
Shares of cash-strapped shipowner plummet 20% after CEO Michael Zolotas trades $200m worth of notes for equity.
- Maersk exec eyes exit
Danish carrier's containership wing crowns new CFO following surprise departure of Peter Ronnest Andersen.
- One missing in sinking
Cook feared dead after cargoship Miss Ellisa capsizes in Demerara River, Guyana.
- FPSO towed into S Africa
Petrobras-chartered Cidade de Paraty developed generator trouble 45 miles off False Bay.
- GHS tips more price pain
Asset values face further retreats regardless of where your recovery bet has been placed, says Global Hunter Securities.
- Van Oord grabs mega deal
Dutch dredger rakes in contract for Ichthys LNG project worth over $700m.
- Period pact for Diana
Cargill hires bulker from New York-listed owner over two years at a reduced rate.
- NSB fined over spill
German owner says cracks in fuel oil tank led to contamination of bilge discharges off South Africa.
- Rabaul calls it a day
Papua New Guinea owner shuts down as vessels torched following fatal sinking of Rabaul Queen.
- Atomflot lines up huge order
Russian state owner lines up $1.4bn deal for the largest nuclear icebreaker ever built.
- Stena ro-ro hit by leak
German firefighters decontaminate container after toxic chemicals escaped en route to Kiel.
- Aframaxes facing 15-year low
Nordea Markets tips aframax earnings to slip to the lowest point since 1997.
- Nam Cheong gets DBS vote
Bank brands Malaysia's largest offshore shipbuilder with a buy tag.
- 'PSV order not just for jobs'
Ulstein explains its four-strong newbuilding pact is about more than keeping staff at its shipyard busy.
- CSC chases charter hire
Sri Lankan owner going to arbitration to recover money owed by Triple S for multipurpose.
- Turkish ships switch
East Med Line and Akgunler ro-ros heading to Tripoli following violence in Syria.
- Greek chopping in reefer
Laskaridis wing selling its third reefer for demo in six months but others are unlikely to follow for now.
- Risky change of heart
Man who jumped from Swedish ferry after deciding he didn't want to travel faces possible police action.
- Chevron puts ITC on notice
Frontline spin-off counting down to the end of a bareboat deal for a bond-servicing VLCC.
|JUNE 11, 2012|
- QAD acquires supply chain planner DynaSys
- U.S. exports down 0.8% in April
U.S. exports in April were down 0.8 percent from March to $182.9 billion, while year-to-date through the first four months of 2012 they were up 6 percent or $41.4 billion from the same period of 2011 to reach $725.8 billion.
- Commerce secretary investigated for hit-and-run
The San Gabriel, Calif., accident on Saturday is being investigated as a felony hit-and-run. There were no serious injuries in either accident, but individuals in both cars complained of pain. Bryson was not injured.
- On-time containers lag on-time vessel arrivals
Using container status message data from SeaIntel's new partner INTTRA, the maritime consultancy found that 64.7 percent of containers are delivered on time year-to-date, as measured against the date stated on the booking acceptance.
- Choice launches new TMS
- APMT orders 28 cranes for Rotterdam
"These ARMGs will be the high performance workhorses of the terminal - capable of supporting the scale of container stack activity associated with multiple large containerships in port," said Frank Tazelaar, managing director of APMT's Maasvlakte II.
- Maersk slows WAF13, adds Conakry
- Matson refinances in advance of spin-off
- CaroTrans' U.S. export LCL service to Colombia
- OOCL parent releases first sustainability index
- Al Madina invests in national distribution network
- FedEx Freight hiking rates 6.9%
- XPO Logistics heads to NYSE
- SC, VA log exports to China can resume
|JUNE 11, 2012|
- Fujairah sees double-digit gains
Prices for key grade 380 centistokes rise by almost $19 pmt.
- Increasein scrubber demand 'next year'
'It's a market worth billions and we count on taking the leading position,' says Alfa Laval.
- Bunker prices climbing in European ports
Quiet market in Hamburg.
- Officials claim resolution in Novorossiysk bunker dispute
Anti-monopoly Service says 'voluntary elimination' of abuse means legal proceedings can end.
- Shipping company to adopt slow steaming as standard
'This will help us save a lot on bunker costs,' says chairman of SCI.
- IBIA looks for new Chief Executive
Seeks full time Chief Executive to take over from Trevor Harrison, who stepped in on an interim and part-time basis.
- Bunker fuel leaking from US army vessel
One damaged fuel tank is now 'completely empty'.
- WFS's chief accounting officer resigns
Paul M. Nobel to leave WFS effective June 29, 2012.
- Asian markets firming on Monday
Good supplies of product in Asian ports.
- South Korea bunker output to remain stable in June
Refiners expected to produce between 660,000-690,000 mt of bunker fuels in June.
- Energy efficiency 'key differentiator' for shipping
Shipping firms should use energy efficiency strategy 'for effective positioning' in market, says GL Group.
- Shell to cease refining operations of Australian refinery
Clyde Refinery and Gore Bay Terminal in Sydney to be converted into a fuel import facility before mid-2013.
- Port authority clarifies 2015 deadline for single-hull phase out
The deadline affects single-hull oil tankers of 5,000 dwt vessels and above, says Singapore's port authority.
- Optimum speed calculation 'couldn't be more relevant'
Need for 'a spirit of collaboration between owners and charterers'.