|SEPTEMBER 12, 2012|
- NYK liner trade slides 250pc to post annual loss of US$571 million
- OOCL to levy US$600/TEU labour strife surcharge at US ports October 1
- CMA CGM back in black in second quarter, expects profit for full year
- Strike or no strike, Port Tracker bullish on Christmas volumes this year
- Singapore vessel traffic remains unaffected as oil spill clean up continues
- Shenzhen's Da Chan Bay welcomes OOCL Philippines Feeder 2 service
- Ex-Vinalines chairman arrested for criminal mismanagement by Interpol
- Fujian customs seven-month trade seaport throughput volume up 12.35pc
- Dachser opens new office in Nanjing to serve lower Yangtze River Delta
- Hunan's Chenglingji harbour partners with Taiwan's Port of Keelung
- APM Terminals enters St Petersburg partnership with Russia's N-Trans
- Famous Pacific Shipping in Shenzhen relocates to 30pc larger premises
- APL Logistics, Con-way Freight add Jakarta to guaranteed freight services
- Optimarin urges owners to get ahead of regulatory curve on ballast water
- SIA initiates plan to hook up flights to Internet, mobile data connectivity
- Air China to launch more international flights to cope with downturn
- Air France-KLM reports 7.8pc August cargo drop on weaker Asian volumes
|SEPTEMBER 11, 2012|
- CMA CGM reports significant profitability rebound in Q2
- NYK issues 2012 annual report
- Aquaculture products shipments surge 54 pc in FY12
- Campco calls for curbs on arecanut imports thru Nepal, Bangladesh
- Pak's move to free imports a shot in arm for Indian paper mills
- GMB acknowledged as Maritime Board of the Year at MALA 2012
- JNPT bags two awards at MALA 2012
- A brief note on the Authority for Advance Rulings (Central Excise, Customs & Service Tax), New Delhi
- Commerce Ministry wants auto sector to tap African markets
- Steel sector against ore export duty cut
|SEPTEMBER 11, 2012|
- FDE acquires Vialtis Sarl
FDE, a southern France-based provider of services to fleet operators, has acquired Vialtis, a provider of financial services, particularly for international road haulage customers....
- Electric and electronic damage most frequent cause of breakdowns
ADAC TruckService's recently published HGV breakdown statistics reveal that most truck breakdowns (31.8%, up by 3.6%) were caused by faulty electric systems in the first half of th...
- Petrolesport St Petersburg orders three new Liebherr container gantry cranes
Petrolesport in St Petersburg (Russia), has placed an order with Liebherr for the delivery of three panamax ship to shore cranes. The new equipment will have a lifting capacity of ...
- Russian Railways: preparing to take over Gefco?
Russia's state railway RZD plans to acquire Peugeot-Citroën's automotive logistics subsidiary, Gefco, according to reports in different Russian newspapers. It is thought that RZD i...
- Supervisory board of Luka Koper dismisses management board president
The supervisory board (SB) of Luka Koper (Slovenia) dismissed Gregor Veselko, the president of the port's management board, for no-fault reasons on 7 September. The SB then appoint...
- BNSF expands Bakken oil transport capacity to one million barrels per day
The US rail transport provider Burlington Northern and Santa Fe Railway (BNSF) has increased capacity this year to enable the it to haul one million barrels of oil per day out of t...
- ILA opens at new location
The ILA Berlin Air Show 2012 opens today (11 September) and will close on 16 September. Europe's third most important aviation show, which is featuring the Republic of Poland as it...
- Air India took delivery of its first B787
The US aerospace giant Boeing and Air India celebrated the delivery of the airline's first B787 Dreamliner on 6 September. Together with the Indian government, the fifth operator o...
- Air Charter Service in Husum
Air Charter Service (ACS), a leading provider of freight and passenger charter flights, is exhibiting at the Husum WindEnergy2012 trade fair, which is due to open next week. As an ...
- New president and CEO of Rickmers Americas
The Rickmers Group has appointed Robert Sappio as president and CEO of Rickmers Americas. He will be responsible for Rickmers-Linie (America), as well as for the Maersk-Rickmers U...
- Rudolph Logistik opens new logistics centre in Hessen
The German logistics group Rudolph Logistik recently phased in a new multi-user centre in Lorsch in the state of Hessen (Germany). The logistics service provider is using the 10,80...
- C.H. Robinson to acquire Apreo Logistics
The logistics service provider C.H. Robinson Worldwide has agreed to acquire Apreo Logistics (Apreo), a freight forwarder based in Warsaw (Poland). Founded in June 2007, Apreo prov...
- DB Schenker Logistics expands capacity in Stockholm
The DB Schenker location in Arlandastad, near Stockholm (Sweden), is expanding to 63,000 sqm of hall space. The Schenker Logistics AB facility opened its doors for the first time i...
- Reshuffle at SNCF Geodis
Geodis Wilson has appointed Olivier Storch as sales director for the Asia-Pacific region. He joined the French SNCF group in 2006 and was vice-president finance and director of SNC...
|SEPTEMBER 11, 2012|
- Study eyes industrial sites in Portland metropolitan area
- OOCL plans surcharge to cover work stoppage costs
- General Dynamics NASSCO finishes MLP structural assembly
- Commerce Department report finds goods and services exports down in July
- AAPA Security Committee member speaks before House subcommittee
|SEPTEMBER 11, 2012|
- Mediterranean aframax market heading towards W75
Charters break through W80 floor
- US shippers switching ports to avoid strike threat
West coast benefits as retailers fret over docks dispute hitting east and Gulf coast
- Ocean Rig lines up $112m Irish deal
Letter of intent underpins DryShips subsidiary's confidence for 2013
- German owners risk being left behind
Older ship types and designs are not competitive any more, Ship Finance Forum is told
- Damco moves headquarters to The Hague
AP Moller-Maersk logistics arm positions itself to serve the heart of Europe
- US appeal court upholds complaint against Carnival
Virgin Islands shooting case hears that shipowner owes 'duty of reasonable care'
- Increase in West Africa pirate attacks hits cargo market
Lack of international support leaves insurers vulnerable
- Innovated in China
Trends in manufacturing will alter trade patterns
- Forecast hints at weakening Asia-Europe rates
Recovery could return in late 2013, says CFDA
- Arcadia eyes energy-efficient newbuildings
Product tankers could be next as group seeks to cut fuel consumption
- Shipping salaries are flat but job market proves resilient
But employers are more demanding, says recruitment firm
- CSAV eyes 9,000 teu newbuildings
Carrier ponders order for 10 units and options for a further 10 - but can it find the finance?
- Rowan takes up option for ultra-deepwater drillship
Hyundai Heavy Industries order adds fourth vessel to fleet
- Opec expects demand for its oil to fall next year
China's imports drop as growth rates slow
- MarAd scraps double-hull study
Cooler heads thought to have prevailed in debate
- Brussels made 'errors' ruling that SNCM did not receive state aid
Luxembourg court upholds complaint by rival Corsica Ferries France
- Brussels dashes shipowners' SOx hopes
Parliament over-rules shipowners' five-year campaign to soften emission rules
- Tankers hit by fall in cargo volumes to US
Opec data shows crude imports into US have dropped 3.6% year on year
- CSSC launches bond sale earlier than planned
Shipbuilder goes to market this month due to 'capital needs and market conditions'
- Ocean Atlas detention highlights need to regulate PMSCs
Should Nexus have deployed an armoury rather than stow weapons on board?
- To Russia with doubt
APM Terminals will hopefully have heard all of the Russian business horror stories prior to its decision to take a 37.5% stake in Global Ports
- Major Chinese ports post dismal August results
Shanghai, Ningbo and Shenzhen report declines or slower growth in cargo throughput and box volumes
- VLCC buying spree pushes prices up
Talk of up to five VLCC sales
- Growing iron ore derivatives market means volatile future for dry bulk
Swaps and options trading expected to triple this year
- Interlude in Venezuela
The Ocean Atlas incident shows the importance of complying with weapons paperwork in all jurisdictions
- Quanchai seeks deal on deposit with Rongsheng after failed buyout
Shanghai-listed enginemaker seeks to comfort investors
|SEPTEMBER 11, 2012|
- Knightsbridge sells tanker pair
NASDAQ-listed Knightsbridge Tankers today confirmed the sale of two VLCCs, including one that went to a new buyer after the first deal fell through
- SNCM to appeal aid court ruling
FRENCH Mediterranean ferry operator SNCM will appeal against a European Union Court of Justice decision invalidating the European Commission's approval of financial aid it received from the French government prior to 2006
- EC stays mum over raids
THE European Commission told Fairplay today that it was not ready to give further information about its raids on the offices of a number of EU car carrier operators last week until it had completed its investigation
- Maersk fires up Wilhelmshaven
THE new deepsea JadeWeserPort in Wilhelmshaven, Germany, has landed its first handling contracts from Maersk Line
- Privalov pleads guilty in SCF case
THE second day of Yury Privalov's trial in Moscow for embezzling funds from Sovcomflot (SCF) ended Monday evening without a ruling from Judge Natalia Morozova
- 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
- Globus axes dividend
NASDAQ-listed Globus Maritime today reported a swing to losses and a decision to not pay a dividend for its latest quarter
|SEPTEMBER 11, 2012|
- MSC Flaminia Docks at Wilhelmshaven
The damaged container ship MSC Flaminia docked in Wilhelmshaven, Germany, seven weeks after an explosion and fire killed two crewmembers...
- Pacific Northwest Grain Handlers, ILWU in Negotiations for New Contract
With a Sept. 30 deadline looming, Pacific Northwest grain handlers and the International Longshore and Warehouse Union are negotiating a...
- Grimaldi Unit Buys 6 Ro-Ro Vessels from Pacific Basin
Italian short-sea shipping company Atlantica di Navigazione has purchased six roll-on, roll-off vessels from Hong Kong-based bulk carrier operator Pacific...
- Cargo Declines at Lufthansa, Air France-KLM
Lufthansa Cargo carried 8 percent less freight in August than a year ago as it reduced capacity in a bid...
- Marad Cancels Double-Hull Study
The Maritime Administration said its recently announced study of the effects of the Oil Pollution Act of 1990's requirement for...
- Damco to Relocate Headquarters to The Hague
Global freight forwarder and logistics provider Damco plans to move its headquarters from Copenhagen to The Hague, Netherlands, by the...
- APL, Con-way Expand OceanGuaranteed Service From Asia
APL Logistics and Con-way Freight are rapidly expanding their OceanGuaranteed service for less-than-containerload cargo from Asia. The companies in...
- ANA, JAL International Cargo Volumes Up in July
Japan's All Nippon Airways Co. said that its international cargo volume grew for the sixth consecutive month in July on...
|SEPTEMBER 11, 2012|
- Another boxship fire
With the cause of the July mid-Atlantic explosion on the MSC Flaminia still to be determined, yet another boxship was badly damaged at the weekend by an onboard ...
- Maersk Line appoints new cfo
Maersk Line has appointed Soren Strom as chief financial officer from November 1. Until then Jakob Stausholm, Chief Strategy, Finance and Transformation Officer ...
- CMA CGM further clarifies financial turnaround
As shown in the table, CMA CGM's remarkable financial turnaround in Q2 12 compared to other lines was not simply due to market circumstances. Its cargo only increased ...
- Carriers warn of surcharges as ILA/USMX talks go to the wire
Ocean carriers serving US east coast and Gulf ports are readying for the introduction of port congestion surcharges effective October 1. Surcharges are threatened ...
- China's imports plunge
In a speech last Sunday, the Chinese president, Hu Jintao, promised the continuation of a 'proactive fiscal policy' in order to tackle the impact of worsening economic ...
- Charleston: 'laser-focused' on new business
That was the message from the president and ceo of the South Carolina Ports Authority [SCPA], Jim Newsome, on the Port of Charleston's [PoC] commitment to drive ...
- CMA CGM on the road to recovery
CMA CGM outperformed most of the ocean carrier market in Q2 12, and estimates that it could even end the year in profit. Compared to the loss-making previous quarter
|SEPTEMBER 11, 2012|
- TOO turns to Wall Street
Teekay Offshore Partners has launched a follow-on equity offering in a bid to raise cash for the $540m acquisition of an FPSO from parent Teekay Corp.
- Top Ships torches critics
For some it may have appeared like Top Ships was knocking on death's door when it reported an annual loss $189m earlier this year but looks can be deceiving.
- ORIG lands LOI
Ocean Rig has secured a six-month contract for one of its semi-submersible drilling rigs.
- Super profit to stay
Shipowners will see their offshore drilling interests produce hefty profits for at least the next four years, Nordea says.
- Chu Kong slips
Hong Kong's Chu Kong Shipping has posted a fall in first-half profit, but container volumes are on the up.
- DVB dispels dry myths
A tunnel of despair trapping the dry-bulk market will take longer to escape than many commentators fear, DVB warns.
- VLCCF sells sisters
Knightsbridge Tankers has confirmed the sale of a pair of VLCC sisterships, although one of them almost didn't happened.
- Shreyas adds sixth
India's Shreyas Shipping & Logistics has met its expansion target by agreeing another containership purchase.
- Maersk names new CFO
Clipper's Soren Strom will be Maersk Line's new chief financial officer (CFO).
- Igal Dafni "lied"
CMA CGM would probably not have hired former Zim man Igal Dafni if it had known about his links to South-east Asian cargo agents, a Hong Kong court has heard.
- Wood chip four chopped
Mitsui OSK Lines has collected over $15m from the scrapping of four woodchip carriers, it is claimed.
- Thumbs up for Ezra plan
Ezra Holdings' decision to spin-off affiliate Triyards has met with approval by OCBC Research.
- Henghou offloads resales
Chinese owner Ningbo Henghou Industries has reportedly sold a pair of new panamaxes for a combined $48m.
- Older VLs in vogue
Lack of loans behind a surge of interest in late 1990s built tankers, says Clarksons.
- Victoria lacks vroom
A Cunard cruiseship is crawling home to the UK after suffering mechanical failure off Portugal.
- How to handle a crisis
John Fredriksen has always fought off any thoughts of retirement despite amassing an impressive fortune during a 50-year shipping and business career.
- SapuraAcergy nabs GoM job
SapuraAcergy has won a charter contract for its derrick pipelay vessel in the Gulf of Mexico.
- Interpol hunts owner
Indian police have sought Interpol's assistance to arrest the owner of the Singapore-controlled bulker Black Rose that sank off Paradip in 2009.
- Giants no worry for SITC
An influx of larger boxships into the intra-Asia trade will not stand in the way of SITC International Holdings' strong financial performance, its CEO says.
- CSSC plots bond sale
China State Shipbuilding Corp (CSSC) has announced plans for another huge fundraiser.
- Precious cashes quartet
Precious Shipping has run out of patience on a series bulkers at India's ABG Shipyard which have been beset by delays.
- First feeling feebler
Taiwan's First Steamship has posted a weaker result for the first half as costs rose.
- Box blast blamed
The fire that gutted a section of the Amsterdam Bridge in India on Sunday was probably caused by an explosion in a container.
- Seadrill prices notes
John Fredriksen-controlled Seadrill has set a coupon of 5.625% for its planned $1bn bond issue, the company said late Monday.
- Spill cleanup continues
Singapore authorities say efforts to clean up an oil spill following a collision between two ships on Sunday continues.
- Transocean eyes quartet
Transocean says it is in discussions with an unnamed oil major to order up to four deepwater drillships in a deal worth $3bn.
- Transocean offloads rigs
Transocean has sold thirty-eight shallow water drilling rigs to a private-equity led buyer in a deal worth just over $1bn.
- GMS poaches broker
Compass Maritime Services of the US is on the lookout for fresh talent after losing one of its sale-and-purchase brokers to veteran cash buyer GMS.
- Globus falls short
Globus Maritime reported a second-quarter loss Monday on the back of plummeting freight rates and a write down related to an ongoing charter dispute with Allied Maritime.
|SEPTEMBER 11, 2012|
- Explosion aboard 'K' Line vessel near Indian port
- Data2Logistics focuses on freight details
- Rules govern when strike surcharges can be applied
Shippers should carefully read surcharge notices issued by container lines in the past two weeks in response to a potential longshoremen's strike and port closure on the East and Gulf coasts to understand them, an FMC official said.
- Demand Management brings S&OP on common platform
- Maersk to assess sizable inland haulage fee
The carrier will raise rates to $900 per 20-foot container and $1,000 per 40-foot container on its U.S. inland-haulage import (IHI) services applicable from Los Angeles and Long Beach on Oct. 7.
- ILA strike threat aids August U.S. inbound volumes
Import cargo volume at major U.S. retail container ports is expected to increase 8.5 percent in September compared with the same month last year, with strong increases expected into the holiday season.
- Damco to move headquarters to The Hague
- Strom named new Maersk Line CFO
- Venezuela drops charges against U.S. ship, crew
- MercuryGate links to Internet Truckstop
- T. Parker Host names new COO
- Washington Notebook: Russia PNTR bill has chance to pass this month
- Report: 1H FCPA actions in line with 2011
Law firm Veneble said the number of Foreign Corrupt Practices Act enforcement actions by the Justice Department and SEC in the first half of 2012 stayed flat compared to levels in the first half of 2011.
|SEPTEMBER 11, 2012|
- Mobile LNG marine fuel tank launched
After filling the container at an LNG terminal, the containers can be transported to each required destination by sea, rail and/or road.
- Bunker prices continue to firm in Fujairah
Suez prices remained flat while in South Africa, they edged upwards.
- Prices remains stable in Rotterdam
But 380 cst material at Hamburg jumps $10 a tonne.
- OPEC sees weaker demand ahead
China's role seen as 'critical'.
- Dry bulk sector in 'tunnel of despair'
Vessel scrapping must be stepped up, says bank.
- MARAD cancels double hull study
Study was unexpected given that double hulls are industry norm.
- Traders: Concern over refinery restart
'No news' on when cargo loadings will resume.
- EU signs up to global SOx limit
0.5% sulphur in marine fuels to come in for 2020.
- Air-lubrication: Key task is to apply technology to larger ships
Current systems work best on shallow draft vessels.
- IFO prices continue to climb at Asian port hubs
Supplies of bunker fuels were fine at key Asian ports on Tuesday.
- Public/private funding call for Trinidad bunker market
Ex-minister makes case to keep bunkering a local affair.
- Chimbusco sees 78% decline in profit
Total debt increased by about 30% during the first half of 2012.
- Bimco: Wind turbines can enhance vessel efficiency
Shipowners could achieve 'perceptible reduction' on fuel consumption and generator load, says firm.
- Suppliers exit Singapore physical bunker market
Ocean Energy and Bakri Trading no longer hold licence to supply bunkers at the port.
- Finnish tech firm chosen as finalist for cleantech award
Award showcases clean technology's 'rising stars'.
- Bunker spill cleanup continues in Singapore
Following collision between two foreign-registered vessels on Sunday.