|JULY 12, 2012|
- Port Tracker survey indicates US peak season to be better than last year
- CMA CGM ends joint loop with APL, revises Far East-Red Sea service
- Hapag-Lloyd receives 13,200-TEUer, bound for G6 Asia-Europe Loop 4 service
- China's trade statistics in June reflect slowing global demand growth
- US court stymies Savannah dredging by giving go-ahead to new eco-suit
- Shanghai International Shipping Institute prosperity index declines
- Customs at Tianjin and distant Xian sign dry-port cooperation agreement
- APM Terminals' JV terminal in Vietnam to handle 600,000 TEU in 2012
- Twenty parties express interest in building Abidjan's 2nd box terminal
- 13,092-TEU MSC Margrit's delivery completes line's eight-megaship series
- Cathay to upgrade its Airbus A350-900 orders into larger A350-1000s
- Shenzhen airport looks back as it grew to 30 freight operating services
- ICAO calls for better use of advance info to strengthen air cargo security
- Singapore's Pacific Airlift extends charter reach to South Korea
|JULY 11, 2012|
- Air lubrication system on two NYK module carriers reduces CO2 emissions by 6 pc
- Bureau Veritas simplifies ship certification system
- FFFAI delegation meets President
- P&I cover for ships carrying Iranian cargo gets IRDA nod
- Ulrich Ulrichs appointed Managing Director of Rickmers-Linie
- Natural rubber exports on the rise
- Package mulled for exports to countries having high trade deficit with India
- Pak to increase cement exports to India, reduces export price
- Japan keen to develop DMIC-type corridor in south India
- Central land acquisition law will make DMIC unviable: Kant
- Govt exempts forex transactions from service tax
- INR erases early losses to touch 55.37
- Service tax exemption on currency conversion to help exports: Fieo
|JULY 11, 2012|
- Ferry with vintage look has modern propulsion and maneuvering...
- STX France floats out Hapag Lloyd Cruises newbuild
- PortVision makes AIS vessel tracking service accessible on...
- EC authorizes rescue loan for German shipbuilder P+S Werften
- River cruise ship newbuilds to have Future Teak decking...
- Damen Shipyards Singapore gets new MD
- Wärtsilä to supply main engines for China's first gas fueled...
|JULY 11, 2012|
- Transpacific carriers plan increases to freight rates
- Commerce Department report finds US international trade up during May
- Growth in cruise numbers predicted for Brazilian ports
- Freight transport services index remains level during month of May
- Eagle Bulk Shipping taps Katzav as CFO
|JULY 11, 2012|
- Shale revolution means fears of looming peak oil may be obsolete
New sources of supply raise hopes of a curb on oil price rises, but are both good and bad news for tanker owners
- Production boom will shape choice of emissions-reduction technology
Falling or stable heavy fuel prices could strengthen the case for scrubbers
- Lloyd Fonds multi-ship KG will not be the last, predicts KPMG
Ocean 16 model offers one way out by pooling cashflow
- Lease finance seen filling bank lending shortfall
Deals set to increase in wake of Commerzbank, says Moore Stephens' head of corporate finance
- Dry bulk spot market faces a washout summer
Seasonal lull, low iron ore demand and heavy rainfall limit Chinese coal imports
- Carnival faces new US lawsuits
Cruise operator faces $590m claim for damages linked to alleged 'defective' design
- California sticks to its guns on 24-mile limit for distillates
Experts predict new lawsuits after North American ECA comes into force in August
- New maritime security service hits the market
US-backed firm will not be directly accredited by Sami
- Port of Virginia plays for time
APMT must wait to see whether rival bids emerge as deadline is extended to August
- Pacific box lines seek August rate rises
TSA targets increase of $500 per feu as demand hardens
- Africa Express Line closes in on Abidjan reefer concession
UK operator says ports are key to efficiency drive as ships are forced to slow steam
- Europe port state inspections fall by a quarter
More individual ships were inspected last year despite overall decline
- Two dead and seven missing after bulk carrier sinks in China
Vessel carrying 10,000 tonnes of iron ore has yet to be identified
- Eagle Bulk marks refinancing deal with change of chief financial officer
Katzav replaces ship finance veteran Ginsberg
- Struggling shipbuilder P+S secures state aid package
European Commission gives temporary approval for $187m rescue, but wants a restructuring plan within six months
- Handysize bulker rates in Europe rise above $20,000 per day
Fertiliser business booming in the Baltic
- Uncle Sam hits the shops
US import container volumes increase for 2012, but watch out for Europe's woe
- Brazil invests $68m in hope of cruise boom
Government boosts northeastern passenger terminals in advance of World Cup and 2016 Olympics
- Titan Petrochemicals faces winding-up petition from major investor
And Grand China Logistics sues Hong Kong-listed oil logistics firm for breach of contract
- Lloyd's List Global Awards 2012 shortlist revealed
The shipping industry's most acclaimed, credible and well-supported awards announces this year's finalists
- China's June export figures signal weaker peak season
Export order purchase managers index warns of tough times ahead
Gujarat should be able to decide whether Oriental Nicety, aka Exxon Valdez, is safe to land
- Vopak sells minority stake in Durban facility
South African black-owned and managed investment firm Reatile takes 30% stake
- Top US ports will see steady growth in containerised imports to year-end
National Retail Federation predicts 'modest' rise despite 'mixed' economic indicators
- Lianyungang Port and CSD form dry bulk joint venture
New company will manage dry bulk loading and unloading, storage and wrapping, especially grain
- Neptune orders up to four car carriers from Hyundai Mipo
Vessels are sisters of previous quartet but offer a smaller environmental footprint
- Taiwan Port signs deal to co-operate with Chinese terminals
State-owned operator positions itself as an entrepot for Asia-Europe container traffic
- Golar Partners sells units to fund FSRU
Offering and private placement will pay part of $385m pricetag for NR Satu
- Keppel wins Kazakhstan rig order
Singapore-listed offshore giant supports drive to unlock Caspian oil and gas reserves
|JULY 11, 2012|
- Eagle's financial chief quits
ALAN GINSBERG has resigned as financial chief of NASDAQ-listed Eagle Bulk, the company confirmed today
- Yard overcapacity seen at 30%
BASED on shipping demand and fleet replacements, today's yard overcapacity is estimated at 30%, according to Norwegian shipbroker RS Platou
- Golar LNG prices offering
NASDAQ-listed Golar LNG Partners today announced the pricing of a follow-on offering to fund an FSRU drop-down from parent Golar LNG Ltd
- US box imports edge up
CONTAINER imports into the US have been forecast to improve slightly over 2011, despite a sluggish economy
- Vehicle imports rise 29% y/y at Piraeus
IMPORTS of new vehicles handled at Greece's largest port reportedly rose 29% year on year during the second quarter, the Piraeus Port Authority said
- Sanko sheds ships
SANKO Steamship has removed 38 ships from its operated fleet since April
- VLGC rates hit 2012 high
RATES to ship LPG on VLGCs have hit a new 2012 high, averaging $72.625 per tonne on the Baltic LPG Index
- Malaysian palm oil stocks at 14-month low
MALAYSIA'S palm oil stocks have dived to a 14-month low of just below 1.7M tonnes, caused by slow production and higher exports
- Port congestion ticks up
CONGESTION is increasing at major iron ore and coal ports, reflecting rising iron ore shipments and weak demand for coal
- US rewrites energy trade forecast
THE US Energy Information Administration today unveiled major revisions of its outlook for coal and products exports and LNG imports, implying significant implications for shipowners
|JULY 11, 2012|
- Charleston Dredging Project Beating Expectations
The Army Corps of Engineers expects the deepening of Charleston's harbor to be completed sooner and cost less than it...
- Rotterdam Marks Milestone in Maasvlakte 2 Terminal
The Port of Rotterdam today closed the final gap in a near seven-mile long seawall, reclaiming almost 5,000 acres of...
- NS Train Derails, Sparks Fiery Ethanol Blast
A section of a Norfolk Southern Railway train hauling ethanol on Wednesday morning derailed in Columbus, Ohio, sparking a fiery...
- Pacific Container Lines Plan Another Rate Hike
Having succeeded in raising their freight rates several times since Jan. 1, carriers in the eastbound Pacific will try to...
- NY-NJ Container Terminals Hit by Chassis Shortage
The Port of New York and New Jersey is facing a shortage of chassis available for use in draying containers...
- Virginia Extends Deadline for Terminal Bids
The Virginia Department of Transportation said Wednesday it is extending until Aug. 13 the deadline for alternative bids from private...
- DHL CEO Discusses Acquisition Plans, Growth Options
DHL will look to smaller "bolt-on" acquisitions rather than major takeovers to speed growth in the years ahead, according to...
- Global Semiconductor Sales in May Rose 1.4 Percent From April
Global semiconductor sales in May rose 1.4 percent from the prior month, giving the struggling air cargo industry, which typically...
- Trans-Pacific Spot Rate Declines 2.9 Percent
Average spot rates in the eastbound trans-Pacific trade lane fell 2.9 percent this week, dropping for the second week in...
- Hapag-Lloyd Sets Congestion Fee at Dammam Port
German ocean carrier Hapag-Lloyd will impose a congestion surcharge on all cargo moving to and from the Port of Dammam,...
|JULY 11, 2012|
- China's exporters changing tack
There is an old Chinese proverb, the literal translation of which reads: See the wind, turn the rudder.In its proper context it has a slightly disparaging meaning; ...
- AU wants Africa FTA by 2017
- Carriers end Q2 12 on a high
Ocean carriers ended Q2 12 feeling much happier than during the previous three months, when record losses were incurred. According to the Shanghai Shipping Exchange's ...
- Ships' agents board the pro-weighing campaign
The international ship agents and shipbrokers federation, FONASBA, has given its full backing to the World Shipping Council-led lobby to certificate the weight ...
- Port Tracker forecasts US volume rise - but GFI suggests a 'pweak' season
Import cargo volumes are expected to increase 1.6% in July compared with the same month last year, and modest year-over-year increases are expected through the ...
- Obama increases lead over Romney
With just four months before the US presidential elections in November, Barack Obama has put some daylight between himself and his Republican rival Mitt Romney, ...
- Sokhna's bigger cranes offer new options
The Egyptian Red Sea port of Sokhna will soon be able to handle the largest containerships in the world. This follows the recent delivery of two super post-panamax ...
- Transnet posts higher results
Transnet SC, South Africa's state-owned ports rail freight, logistics and pipelines company, has announced annual revenue for fiscal year 2011/12, which ended March ...
|JULY 11, 2012|
- Ship's tanks breached
A Chinese cargoship has leaked oil off South Korea after going hard aground.
- Plumbe pockets less
ACM kingpin Johnny Plumbe has joined fellow London broking bosses in pocketing a smaller pay packet for the past year.
- Haisheng forecasts loss
China Shipping Haisheng is predicting a loss for the first half of 2012.
- Blackrock slims stakes
Investment heavyweight Blackrock has cashed in shares in two leading US owners.
- Eagle loses lieutenant
Eagle Bulk Shipping has ordained a new finance chief following the abrupt resignation of veteran Alan Ginsberg.
- Malaysians nab more
Malaysia's crackdown on illegal anchoring has continued with the detention of seven more vessels.
- Keppel on a roll
Keppel Corp has boosted its access to funding after concluding a string of recent deals.
- DSME in bond run
Daewoo Shipbuilding & Marine Engineering has kicked off a KRW 500bn ($570.45m) bond run.
- Polargirl pulled off rocks
A Norwegian cruise vessel has been freed from rocks off Svalbard.
- Eike set for Petrobras pie
Eike Batista's OSX Brasil has been tipped to win its first orders from Petrobras as its compatriot shipbuilders struggle to hit delivery deadlines.
- Vopak out of Durban
Dutch tank terminals group Vopak is selling out of its Durban operation
- Coscol comes a cropper
Cosco Shipping (Coscol) has seen its bottom line sink fast in the first half of the year
- Clutch catastrophe
The crew of a P&O ro-pax has been criticised by UK accident investigators after it crashed into a French berth.
- Sanction spur lessens
A crackdown on Iranian oil exports will have less of an impact on the VLCC market than experts had hoped, a leading shipbroker says.
- Global Offshore adds one
Global Offshore Services' Dutch unit has added a new vessel to its fleet a day after the Indian firm sold down its stake in the venture.
- "A banal accident"
Costa Concordia captain Francesco Schettino has appeared on Italian TV to say sorry for the tragedy in January - up to a point.
- Costs hurt FOP
Higher costs and lower revenue have trimmed second quarter earnings at Fred Olsen Production.
- Smit Lamnalco off to Africa
Smit Lamnalco has lined up a lucrative contract to support the mining operations of African Minerals Limited in the West African nation of Sierra Leone.
- Navios sells notes
New York-listed Greek owner Navios Maritime Holdings and its wholly-owned finance subsidiary Navios Maritime Finance have sold $88m of 8 7/8% first priority ship mortgage notes due in 2017.
- Golar Partners selling units
Golar LNG Partners LP will offer 5.5 million common units representing limited partner interests in a public offering. Golar Partners expects to grant the underwriters a 30-day option to purchase an additional 825,000 common units.
- Ruby to retire
British cruise operator Saga Shipping is pensioning off its oldest cruiseship.
|JULY 11, 2012|
- Russia moves toward WTO accession
Russia has until July 23 to notify the WTO that it has ratified and accepted the terms for its membership. Thirty days after Russia notifies the WTO that it accepts these terms, the country will become the organization's 156th member.
- FMC reviews 9 OTI license applications
- Transpacific carriers seek August rate hikes
Liner companies in the Asia-to-U.S. trade are seeking to raise dry cargo container rates by an average of $500 per 40-foot container (FEU), in addition to recommending increases to refrigerated cargo rates of $1,000 per FEU to the U.S. West Coast.
- Lesson 1: Increase supply chain efficiency, don't shut port
- Ship brokers back reg on overweight boxes
- U.S. Bank buys TransCard's fuel card network
The network being bought was developed jointly by TransCard and U.S. Xpress, the nation's second-largest privately owned truckload carrier. U.S. Xpress will become the biggest client of the new system.
- Import drop helps U.S. trade deficit
The U.S. trade deficit narrowed in May by $1.9 billion to $48.7 billion as exports increased and imports decreased from April, according to the Commerce Department.
- Technicolor expands 3PL services
- Retailers urge ILA, employers to reach agreement
- Pasha enters Hawaii container trade
- Troy partners with Cargolines in Europe
- Eagle Bulk names Katzav CFO
- Jagged Peak expands same-day delivery
|JULY 11, 2012|
- Bunker prices stable in Fujairah
Price volatility subduing demand.
- Prices soften in Rotterdam and Hamburg
Tight avails in Dutch hub.
- US shipowner reduces bunker surcharge
Falling prices nudge bunker surcharge downwards.
- Biofuel initiatives attacked as a 'gimmick'
But $62 million becomes available for biofuel developers.
- Port authority looks for $1 billion in fresh funds
Sri Lanka Ports Authority makes 'second request' for Hambantota investors.
- Singapore players caught in Malaysian net
Malaysia claims tankers were caught in prohibited areas.
- New home for UK Chamber
Office will feature in organisation's coming rebranding.
- Bunker surcharges to fall
Maersk to reduce bunker adjustment factor by more than 11% on some routes.
- Wärtsilä strikes LNG engine deal with Chinese buyer
Low emissions and low cost prove draw for Wärtsilä duel-fuel engines.
- Falling bunker prices to help prop up Cosco Shipping's earnings
UBS Investment Research forecasts losses in Q2 but expects earnings to improve in the second half of 2012.
- IFO prices soften in Asian ports
Supplies of bunker fuels fine at key Asian ports on Wednesday.
- NYK 'bubble' ships perform less well in sea operations
CO2 emissions reduction average 6% during 'actual' sea passages compared to 10% during sea trials.
- Shell targets LNG bunker market
Shell makes first foray into LNG bunkering eyeing what it says will become a 'sizeable market'.
- Philippine oil firm to raise $12 million via note issuance
Set to raise funds for debt repayment and expenditures.
- Study on fuel efficient liner operations released
Proposed algorithm 'able to solve real-case problems'.
- CSAV taking WFS and Chevron to court
The Chilean ship operator files complaint for damages arising from a case of alleged off-spec bunker supply.
- Azerbaijan amends state merchant shipping code
Introduces stricter environmental guidelines and safety regulations for vessels visiting its ports.