|APRIL 13, 2012|
- CMA CGM levies Asia-Europe US$385/TEU 'emergency rate restoration'
- OOCL adds transpacific eastbound calls to Shanghai and Los Angeles
- China Shipping starts China-Thailand-Japan from Shenzhen-Shekou
- Carriers weather storm, but face US$20 billion in short-term losses
- Horizon hands over 5 ships, plus 10pc of firm to Ship Finance International
- Asia-Europe February volume up 16pc because of Chinese New Year timing
- Pacific Coast Container fined US$460,000 in LB for moving overweight boxes
- Port of Auckland's interim result is flat, 2nd half expected to be weaker
- Chinese freighter rescued from pirates by Iranian navy in Gulf of Oman
- India's top container terminals defy regulator, refuse to set lower rates
- 7,100-TEU Santa Teresa christened as seventh of eight for Hamburg Sud
- Greek dockers strike against austerity schemes exacted by EU bailout
- Vietnamese boxship collides, sinks, 60 containers of auto parts lost
- Hansa Shipping equips 4 ships with ballast water treatment technology
- Asia Airfreight Terminal's March Hong Kong cargo up 4pc to 65,929 tonnes
- Taiwan's Mandarin Airlines launches twice weekly Wenzhou-Taipei flights
- Spanish pilots strike Mondays and Fridays to prevent budget carrier entry
- Air India to appoint GSAs in 56 countries to raise international sales
- China cargo hub backers enter deal to revive project at St Louis airport
- Saudi Airlines Cargo expands in West Africa with weekly flights to Ghana
|APRIL 13, 2012|
- Andy Tung to take over as OOCL CEO from July 1
- Banks endorse CDR package for Bharati Shipyard
- Container shipping rates under threat due to overcapacity: Drewry
- India Warehousing Show 2012 set for grand opening on April 26
- KPI Project passes 1,000 vessel milestone
- RINA to audit Clean Shipping Index ships & companies
- Anti-dumping duty likely on printing plates from Japan, China
- Traders want Paks negative list to be implemented on land route
- FinMin rejects MoS plan to set up global port operator
- BCT wins Textainers Area Depot of the Year award
- IFC invests in Snowman Logistics to expand storage infrastructure, promote food security
- Indev Group expands its CFS operations to Western India
- L&T, Tata, Gammon vying for freight corridor contract
- Gold imports down 50 pc on high prices, lower demand, strike
|APRIL 12, 2012|
- Angola's railroad services to be privatised
The Angolan government has plans to privatise the country's main railroad companies. Commercial and operational parts of the railroads will be sold to private enterprises, but the ...
- Thai's first B747-400F enters service
Thai Airways International plc is phasing in its first Boeing B747-400 retrofitted cargo freighter aircraft today (12 April 2012). The unit is equipped to carry 100 t of cargo per ...
- Samskip Multimodal Container Logistics secures AEO certification
Samskip Multimodal Container Logistics (SMCL) has been officially AEO certified by the Dutch customs authorities. The certification confirms SMCL's status as a reliable and secure ...
- Zim ends 2011 with loss
Israel's container shipping company Zim posted a net loss of USD 397 million in 2011, compared to a net profit of USD 54 million in 2010. (it)
- AA Cargo resumes service to Dublin and Helsinki
American Airlines Cargo (AA Cargo) resumed its daily, non-stop service from Dublin to Chicago IL (USA) on 4 April 2012. The flight is operated on one of the carrier's B767-300 wide...
- AfDB approves USD 251 million funding for roads in Tanzania and Sierra Leone
The African Development Bank Group (AfDB) has approved USD 250.95 million for road construction projects in Tanzania and Sierra Leone. Under the approvals Tanzania's government wil...
- Mitsubishi lands major order received for Fuso trucks from Linfox Logistics in Thailand
Mitsubishi Fuso Truck and Bus Corporation (MFTBC), based in Kawasaki (Japan) and one of Asia's leading commercial vehicle manufacturers, has received a new order from its longtime ...
- North Korean rocket test impacts on civil aviation
Philippine Airlines (PAL) plans to reroute some of its flights due to North Korea's satellite launch, which may have effects on some of the Philippine's territory. With the satelli...
- Stena Line appoints new group freight director
Björn Petrusson will become the new group freight director of Stena Line on 1 August 2012. Amongst others, Petrusson held the posts of managing director of DFDS Tor Line in Sweden ...
- Siamar strengthens team in Genoa
Genoa (Italy)-based Siamar has appointed a new sales manager by the name of Carmine Abete. Siamar is a neutral NVOCC that specialises in consolidation services to/from India (Nhava...
- MOL upgrades Asia - South America (Mexico) services
The Japanese shipping company Mitsui O.S.K. Lines (MOL) and its consortium partners K Line and NYK are upgrading the Asia-Mexico and west coast South America service (CWL) at the ...
- FedEx opens new branch office in Montpellier
The US CEP and logistics corporation FedEx recently put a new branch office into service in Montpellier (France). The 4,000 sqm terminal is equipped with photovoltaic elements that...
- Pantos Logistics lands logistics outsourcing contract for Coca-Cola in Indonesia
Pantos Logistics has currently entered into an outsourcing and warehousing contract with Coca
|APRIL 12, 2012|
- IHC Merwede's Southeast Asia expansion plans start rolling
- Rolls-Royce to power two latest Lockheed-Martin Littoral Combat...
- Keppel signs five rig, $4.12 billion LOI with Sete Brasil
- Seadrill orders tender rig at COSCO Nantong
- Cal Dive, Cashman and Hochtief unit picked for Cape Wind...
- Corps of Engineers takes delivery of towboat from Horizon...
- Eastern Shipbuilding delivers Harvey Gulf OSV
- Bergen Risk Solutions says Nigerian pirates now using mother...
- ABB says new service contract will cut Carnival fuel costs by up...
- Shipping performance benchmarking project passes 1,000 ship...
|APRIL 12, 2012|
- Port of Seattle reports end of grade separation project
- Commerce Department report finds exports up in February
- Crowley scholarships go to Williams-Mystic participants
- Investigation continues at Squalicum Harbor fire site
- PDX concessionaires earn top honors for 2012
|APRIL 12, 2012|
- A level playing field for UK ports
Subsidise all infrastructure or none, say critics
- Svitzer's Liverpool peace talks fail
Tug crews' union to announce next move on Monday
- Two more capesize bulkers scrapped
Demolition prices equivalent to secondhand value of 16-year-old capesize
- Prospects dim for Japan LNG imports
Restricted gas plant capacity boosts demand for oil
- State funding could undermine growth at other locations
Are some UK ports more equal than others?
- United they stand
The sheer scale of industry losses has forced Asia-Europe carriers to close ranks
- Wind energy vessels to double in a year
Fledgling sector is growing, in spite of obstacles such as energy policies and costs
- Sluggish Atlantic MR product market pins hope on US driving season
High US pump prices threaten to quash positive impact of summer driving season
- Japan slams EU push for regional CO2 reduction
Commission must step up work with IMO not push own agenda
- Asciano declares 'impasse' in Sydney dispute
Botany Bay union holds out against Patrick Stevedores enterprise agreement
- Sugar cargoes sweeten Atlantic supramax rates
Tight vessel availability pushes up prices for May bookings
- OSG charters Turkish suezmax tanker
Renewal option for six months time is nearly $2,000 per day above current market rate
- Maher Terminals claims PANYNJ favoured other operators
FMC complaint says discrimination cost it 'millions of dollars' in lost business
- Shipowners must accept that sanctions are here to stay
New EU provisions 'particularly difficult' for operators
- Tankers set for further trade pattern shifts as Iran's oil output 'plummets'
Iranian production could fall to 2.6m barrels per day by third quarter unless alternative buyers can be found, says IEA
- Sustained subsidies 'inappropriate', DfT tells UK ports
George Hammond claims Portsmouth fruit importer received 'illegal' subsidy
- Sovcomflot posts $54m annual profit
'Conservative' investment strategy targets offshore and LNG
- Nanjing Tanker warned of delisting threat after $119.6m loss
Chinese tanker operator hit by weak rates and increased expenses
- Pirates free vessel for just $250,000
Somali merchants persuade gang to settle for 'expenses'
- Ningbo Port to issue $159m bonds
Fresh funds to repay debts and build working capital
- Stolt Nielsen held back by tanker division
Company cites lower fleet utilisation, unscheduled drydockings of five vessels, poor results from its regional fleets and rises in ship management costs
- Get the story straight
China must clarify its policy on VLOCs
- Singapore project assesses LNG bunkering
MPA and DNV launch joint research effort
- CSICL posts fall in operating profits
Shanghai-listed unit suffers from decline in new orders
- Farstad picks up Australia charters
Deals valued at $51.8m excluding options
- From Russia with profit
Sovcomflot bucks the trend as other top tanker operators lose $1bn
- MSC denies IPO plan for ports business
World's sixth-largest terminal operator says it will not list the business
- Cosco Nantong Shipyard to build Seadrill rig
Total project cost is $135m, says Oslo-listed company
- Marco Polo to liquidate
Six ships handed back to lending banks as Chapter 11 debtor vows to fight on
|APRIL 12, 2012|
- India allows bulker tied to deaths to leave
INDIA has allowed a bulker involved in the deaths of five fishermen in Kerala to leave the country
- Capesize rise seen south of $12,000/d
BIMCO has predicted that timecharter rates for Capesize bulkers will improve this year - but are still not likely to exceed $12,000 per day
- DryShips bags $162M
DRYSHIPS confirmed today that it is selling a larger stake in Ocean Rig than previously announced, as George Economou buys 1M more shares for himself
- Iran crude cargoes fall
IRANIAN crude production has already dropped 7% this year as buyers pull pack, the IEA reported today
- GDF Suez to supply LNG for Norway's Gasnor
GDF SUEZ has signed a deal to supply LNG by gas carrier to Norwegian LNG fuel distributor Gasnor, IHS World Markets Energy reported today
- Worse RCL losses seen
SECURITIES firm PhillipCapital said today it expects worse losses for Thai intra-Asia box carrier RCL this year
- 'Impasse' halts port talks
ASCIANO today declared "an impasse" in its port contract negotiations with the Maritime Union of Australia
- Opposition to Novorossiysk takeover grows
RUSSIAN Railways (RZhD) today reportedly joined the opposition to a takeover of Novorossiysk Commercial Seaport Co by its board chairman
- Panamax charters rev up
CHARTERING of Panamax bulkers has resumed in earnest, after a slow start this week
- Tax breaks give palm oil exports a boost
MALAYSIA'S palm oil stocks are at a seven-month low after tax breaks boosted exports in March, the Malaysian Palm Oil Board said
- Wilhelmshaven's coal expansion opens
IMPORT coal cargoes at Wilhelmshaven are expected to soar following the opening of its Niedersachsenbrücke expansion
- Enthusiasm curbed for HK fuel switch
SOME SHIPPING groups are considering pulling out of a voluntary switch to cleaner fuels in Hong Kong
- Queensland mine to close
MINING giant BHP Billiton said it plans to close a key Queensland coal mine, which business leaders fear could lead to a big drop in coal shipments from the state
- PETROBRAS adds 4 MR tankers
BRAZILIAN oil giant PETROBRAS has taken in three more medium-range products tankers on three-year charters
|APRIL 12, 2012|
- UPS Launches Expedited Mexico-US Ground Service
Package and industrial transportation giant UPS launched an expedited ground freight service linking Mexico and the U.S. as it anticipates...
- Boston Gets First Truck Under Clean-Truck Program
The first new truck funded by the Massachusetts Port Authority's Clean Truck program was purchased and put into service in...
- LTL Truckers to Build Pricing Power, Analyst Says
Trucking companies hauling less-than-truckload freight should be able to hold onto the pricing power they've gained over shippers through 2014...
- Maher Files FMC Complaint Against NY-NJ Port Authority
Maher Terminals has filed a Federal Maritime Commission complaint alleging the Port Authority of New York and New Jersey discriminated...
- Asia-Europe Rates Hold Most of April 1 Gains
Westbound Asia-to-Europe spot rates eased slightly this week, but held on to most of the 28 percent jump in pricing...
- Rate Hikes Push Asia-Europe Carriers Back to Profitability, Bimco Says
Container shipping lines have been able to raise Asia-Europe freight rates enough to return them to profitability on the route,...
- Foreign Direct Investment Climbs in Korea
South Korea attracted far higher foreign direct investment in the first quarter of 2012 as investors positioned to take advantage...
- Lufthansa Cargo Traffic Drops 12.6 Percent
Lufthansa Cargo carried 12.6 percent less freight in March than a year ago as it sharply reduced capacity in a...
- Schenker Starts Houston-Dubai LCL Service
DB Schenker this month launched a less-than-containerload service from Houston to the Middle East via Dubai to meet growing demand...
- Hapag-Lloyd to Launch New Baltic Service
Hapag-Lloyd will launch a new weekly service next month connecting Germany with ports in the Baltic region. The Russia...
- Southern California Toll Group Drivers Join Teamsters Union
Employee drivers who work for the Toll Group logistics company in Southern California won an historic election Wednesday to become...
- MSC Denies Plan for Container Terminal Unit IPO in Singapore
Mediterranean Shipping Co. denied it is weighing plans to spin off its global container terminals unit in an initial public...
- Zero-Emission Vehicles Vital for Southern California, Official Says
If Southern California is to meet federal pollution reduction standards established for 2030, it appears inevitable that the goods movement...
- ILWU Dockworkers Can Honor Clerks' Pickets, Arbitrator Rules
The West Coast arbitrator who adjudicates labor disputes involving the International Longshore and Warehouse Union and waterfront employers on Wednesday...
- OOCL Adds LA, Shanghai Calls on Trans-Pacific Run
Orient Overseas Container Line will add eastbound calls in Los Angeles and Shanghai to its Pacific Atlantic Express service beginning...
- FMCSA Cracks Down on Unsafe Trucking Operators
For the third time in as many months, federal regulators shut down an unsafe trucking company, ordering J&A Transportation out...
|APRIL 12, 2012|
- Sacci expects trade growth in 2012
According to the latest trade activity index (TAI) published by South Africa's Chamber of Commerce and Industry (Sacci), conditions remain bullish with both the ...
- German exports lead the way
German exporters are defying the expectations of economists by posting month-on-month gains in overseas sales - albeit in markets outside of the ...
- Wan Hai christens another vessel from its order
- Tung succession in order at OOCL
Andy Tung, currently the chief operating officer of Hong Kong-headquartered OOCL, is to become the liner company's new ceo on July 1, 2012. The move will safeguard ...
- CMA CGM joins APL in third rate increase
CMA CGM and APL have launched what appears to be a third round of swingeing rate increases in the tradelane from Asia to Northern Europe and the Mediterranean. ...
- OOCL reshuffles ports on transpacific offering
OOCL has made changes to its transpacific offerings: its Pacific Atlantic Express (PAX) which it runs alongside Grand Alliance partners Hapag Lloyd and NYK, will ...
- H-L, MOL and ZIM adjust Europe/West Africa service
The group comprising Hapag-Lloyd, Mitsui OSK Lines (MOL) and ZIM Line is taking steps to improve its service linking northern Europe and West Africa. The move will ...
- PoA & MUNZ back around the table
The Ports of Auckland [PoA] and the Maritime Union of New Zealand [MUNZ] began a two-day mediation process today after pulling back from the bitter productivity ...
|APRIL 12, 2012|
- Vale calms VLOC panic
Brazilian mining giant splashes cold water on talk suggesting it has an appetite for up to 100 Valemaxes.
- The Iceman cometh
Norwegian investment vehicle calls on compatriot to construct offshore unit in a deal worth an estimated $110m.
- Tsakos plots pool pullout
Heidmar on the fringe of losing product tanker duo as New York-quoted owner lines up long-term charters, sources say.
- Bargain ransom frees Leila
Dubai controlled ro-ro cargoship released for record low price after local interests intervene.
- DryShips ups the ante
Affiliates of chief executive pledge to pick up $31m chunk of shares tied to upsized Times Square fundraiser.
- Subsea drives Ezra
Lionel Lee-led offshore company's subsea focus pays off as profit soars.
- Star scraps six more
Oslo-listed company sends a half dozen of its oldest vessels to the graveyard as part of its rejuvenation plan.
- HMM tosses capesize
South Korean owner's disposal takes capesize demolition tally for 2012 to 14.
- Sovcomflot stays in profit
Russian shipowner looks for offshore energy related growth as it battles difficult times in core tanker market.
- Polembros scraps cape
Greek owner pockets over $10m from the disposal of its second 1980s built cape is as many months.
- Keppel scoops Sete jackpot
Brazilian outfit returns to Singapore yard with mammoth order for five more drilling rigs worth over $4bn.
- Heartland shifts OSG stock
Investor cashes in $4m worth of shares in OSG in its third sell-down in under a year.
- EOC falls into the red
Oslo-listed offshore owner hit by cancellation of floating production storage and offloading unit.
- Ship sinks after collision
Radio discussion fails to prevent Vietnamese general cargo vessel and Thai bulker running into each other.
- Daewoo outlines FLNG dream
Seoul-listed yard says inaugural floating LNG contract could be in the bag by the close of this year.
- Vale: '100 VLOCs justified'
Miner raises terrifying prospect of giant bulker armada despite troubles of 35-ship programme.
|APRIL 12, 2012|
- Hapag, partners restructure Europe/W.Africa loop
- U.S. shuts down online sellers of counterfeit apparel
- Maersk slows FM3 again, adds Shanghai
- CMA CGM to raise Asia-Europe rates
- Maersk resumes full-speed on FEW2
- Bigger Maersk MESA speeds up, adds calls
- Shipco opens Osaka sales office
- Vanguard picks Southeast Asia air cargo manager
- Savannah study recommends 47-foot depth
- Leschaco expands in Laredo
|APRIL 12, 2012|
- Organisations recognised for efforts to reduce diesel emissions
'The demonstrated leadership and efforts put forth by the 2011 award winners will help bring cleaner air and healthier communities to our region.'
- Prices lack direction in European bunker hubs
Piraeus 'very congested'.
- IFO prices firm in Fujairah
Low bunker demand in Suez.
- Tanker operator counts costs of North American ECA
Heidmar estimates it will pay 'an extra $3.7 million each year' in bunker costs.
- Russian refiner boosts production of marine fuel
Volumes up by 63% in the first three months of 2012.
- LNG pioneer signs long-term supply contract
Gasnor says deal will allow it to meet' increasing demand' for LNG.
- IEA: Crude market 'turning corner'
Global stocks may have built by as much as one million barrels per day during the first quarter of 2012, says agency.
- Fuel oil stocks drop as arbitrage plummets
Singapore onshore inventories at lowest for eight weeks.
- Bunker prices generally firm in Asian hubs
Singapore players report average demand and good avails.
- Petromedia boosts sales team with Asia Pacific appointment
Marshall Phoon joins Petromedia from IHS Faiplay.
- Singapore establishes joint industry project on LNG bunkering
DNV managed Joint Industry Project includes a total of 21 industry partners.
- WTSA announces fresh round of rate increases
Rate increases as part of efforts to restore revenues.
- Supplier 'first' to offer biodiesel to marine vessels in New York
Metro Terminals to supply biodiesel and ULSD at Brooklyn, New York from May onwards.
- EU to 'consolidate' changes to regulation on double-hull tankers
Consolidation to ensure 'no mismatch' between the EU law and international set of rules in the area.
- Fuel efficiency in shipping 'growing in importance'
Broad focus among operators on 'right steaming', says Norden Chairman Mogens Hugo.