|JULY 13, 2012|
- US June box imports down 3.7pc from May, but up 4.4pc year on year: Zepol
- Virginia port privatisation bids deadline gives APM T 'unfair advantage'
- Asia Shipowners: Panama toll hikes menace shipping sector, canal users
- Beihai port's half-year container throughput up 22.7pc to 40,739 TEU
- Maersk joins APL in accepting credit cards for demurrage in US ports
- Charleston expects harbour dredging to be 'fast-tracked' and under budget
- Containership scrapping increases to 200,000 TEU in first half of 2012
- Yibin port half-year container throughput rockets 521pc to 10,056 TEU
- Humen port plans to launch direct shipping service to Japan
- Hong Kong and Shenzhen to build international shipping centre
- CMA CGM pulls out of Vietnam's Cai Mep terminal near Ho Chi Minh City
- South Africa's Transnet revenue increases 21pc, but profit slips 1.5pc
- SITC takes delivery of second vessel of twelve 1,100-TEU newbuildings
- Baco Liner sells 28-year-old barge-multi-purpose containership for scrap
- CAAC reports 106 foreign airlines offers 2,224 weekly flights to China
- Yangtze River Express launches Chongqing-Singapore freighter service
- Air Menzies launches online import rates service as shipment weigh rises
- Singapore A*STAR aerospace programme signs UK composites manufacturer
- Lufthansa Cargo steps up usage rate of lightweight containers to over 50pc
- Most Afghan's air force fleet unfit to fly as NATO armies withdraw
|JULY 12, 2012|
- Asian shipbuilding industry's woes lift hopes of domestic shipping sector
- Greatship's subsidiary takes delivery of ROVSV
- India, Bangladesh ink pact to renew inland water trade
- Development of seaports & infrastructure seen as key to Sri Lanka's future
- Essar Ports' Paradip coal berth receives final environmental & forest approval
- First BWNC meeting on July 23
- Gujarat okays Nargol port
- JNPT bags Golden Peacock Environment Management Award
- Welspun scales down on 'grant' demand for Vizhinjam port
- Cabinet to clear PPP monitoring system soon
- FSSAI to ring in quality standards for imported food products soon
- Imports to increase further through to 2016
- Indirect tax collections up 13.8 pc
- Textile sector hopes to attain revised export target by tapping new markets
- Iran slashes quarterly crude prices to Asia
|JULY 12, 2012|
- Alaska investigation blames "maneuvering error" in...
- Statoil awards Technip LOI for world's largest Spar hull
- MAIB: Loss of control air pressure led to RO/RO slamming into...
- Italian shipowner to pay $1.3 million in pollution case
- OSD secures design contract for Platform Supply Vessel
|JULY 12, 2012|
- Port of Everett set to begin Everett Shipyard site cleanup
- Nearly 70 Crowley vessels receive Jones F. Devlin safety awards
- Bubble system helps NYK lower CO2 emissions in test ships
- USDA begins new program covering equipment availability
- Braemar taps Nick Hubbard to head London Container Desk
|JULY 12, 2012|
- It's all in the balance
Tough times ahead for owners as ultra-large tonnage makes up half the boxship orderbook
- OSG share price slips after Standard & Poor's downgrade
NYSE-listed company not the only one to suffer on an abysmal morning for the tanker industry
- Hapag-Lloyd's long history of takeovers and mergers
Company's roots go back to 1847
- Kühne launches fresh plea for merging Hapag-Lloyd and Hamburg Süd
Logistics tycoon revives his idea of forming a German national carrier to compete more powerfully with the top-tier box lines
- Eneco receives first spot cargo
LNG shipping seeks to shed 'floating pipeline' role
- Wind project is a sandwich tern short of a picnic
Threat to seabirds scuppers planned turbine farm off Norfolk coast
- Norway stoppage is worrying for UK's energy security
Tankers and LNG carriers will be happy to take up the slack if pipeline volumes fall
- Downturn fails to stem rise in average shipping salaries
But pay for many seafarers and shore staff has been cut
- Larger boxships command highest time charter rates
MSC takes Isle Wulff for 'decent' $31,500 a day
- Lines to blank Asia-Europe sailings
Capacity reduced at what should be busiest time of the year
- Campaigners object to Elbe River dredging project
German high court to pass judgement within a month
- Box hubs do battle for transhipment as new terminals enter the market
Feeder and shortsea traffic saw 'landslide shifts' in share during 2009 year of crisis
- Misuga Kaiun sells sole capesize
Baosteel Education was chartered out to MOL
- Geden delays Universal Maritime move until autumn
Private equity an option for tanker firm spin-off, Tokgoz confirms
- Supramax brokers say spot charter rates will decline in Atlantic
Seasonal lull means South-Atlantic market has 'peaked'
- Getting heavy
Shippers must recognise that mandatory weighing of export containers saves lives
- Venezuelan crude oil imports into Jamnagar see longhaul tanker boost
Country accounts for over 40% of tonne-mile demand generated by shipments to Reliance Industries' Indian refinery
- Expanding Asian refineries muscle out older western rivals
Eastward shift boosts prospects for longhaul product tanker trades
- Hamburg terminal operator fears northern European price war
Competition among ports will remain very intense, says HHLA management board member
- ICS welcomes new Paris MoU inspection regime
Other port state control authorities must embrace the European approach
- Sanko Steamship secures preliminary Chapter 15 injunction
New York court order extends to timechartered ships
- Extra costs from maritime emission trading schemes to play a 'minor role'
IMO grapples with ways to reduce global CO2 emissions
- Nick Hubbard to head up Braemar container desk
Former Howe Robinson director appointed to key role
- Ship agents support container weighing
Fonasba backs global campaign that would require all box weights to be verified prior to shipment
- Marine pilotage inquiry seeks industry submissions
MPA opposes new bill to allow junior officers to navigate ports without pilots
- DNB reveals low shipping writedowns
But Norwegian bank stresses preference for blue chips
- An inspector calls
Paris Memorandum of Understanding delivers promising first-year results
- DSME issues $434m bond sales
South Korean shipbuilding giant denies that move is linked to Peninsula Star VLCC order
- New dispatch hall for Port of LA
Thousands of port workers to benefit from $15m investment
- MHI and Imabari Shipbuilding sign deck machinery pact
Move comes as shipbuilder targets non-core business
|JULY 12, 2012|
- Charleston hails chop in depth timetable
FOUR YEARS and $5M will be shaved off plans to deepen Charleston's port to 15.2m (50ft) if project streamlining succeeds
- US drought to hit exports
EXTREME heat and drought conditions have prompted the US Department of Agriculture to cut forecasts for maize and soybean exports
- First drop in 19 years seen for Korean yards
YARDS in South Korea were reported today to be headed for their first drop in yearly overseas shipments in nearly two decades
- Iran's fuel oil exports also cut nearly in half
EXPORTS of fuel oil from Iran were nearly cut in half from May to June, Reuters reported today
- A2Sea bags turbine deal
DANISH jack-up vessel operator and marine engineering group A2Sea today revealed a major contract for Irish Sea turbine installation
- IEA more upbeat than OPEC
THE IEA today released a moderately more optimistic outlook for 2013 oil demand than the forecast by OPEC yesterday
- Salvage begins in China's deadly sinking
A SALVAGE operation began today at the scene of yesterday's Chinese bulker sinking, even though searchers continue to look for victims, the Zhenjiang Maritime Safety Administration said
- COSCOL pledges dividend despite free fall
COSCOL today told the Shanghai Stock Exchange it just managed to stay in the black over this year's first half
- Mass-flow bunkering begun
MAJOR oil company ExxonMobil has started using a mass-flow metre for bunkering
- Fearnleys shuts Singapore crude desk
NORWAY'S ship brokerage Fearnleys has stopped fixing crude tankers at its Singapore office, opting instead to centralise those activities at its Oslo headquarters
- HHLA wants a 33% Altenwerder capacity rise
HAMBURG's HHLA plans to lift annual handling capacity at its semi-automated Altenwerder box terminal by another 33% in coming years
- Chinese iron fixtures hit 3-month high
CAPESIZE rates are rebounding, with Chinese iron ore fixtures surging to a three-month high, US drybulk consultancy Commodore Research said
- Bulker demolitions stay firm
DESPITE lower scrap prices, bulker demolitions are continuing at a firm pace
|JULY 12, 2012|
- CSA 'Oppressive, Punitive,' Trucker Tells Congress
A House hearing Wednesday on the federal CSA trucking safety initiative morphed into a debate over electronic onboard recorders, the...
- Manufacturing Index Shows Growth Slowed in Second Quarter
A key manufacturing index suggests U.S. manufacturing growth in the second quarter slowed, the latest sign that the major economic...
- German Regulators Approve Stena Freight Ferry Deal
German competition regulators approved the acquisition by Sweden's Stena Line of five Baltic Sea freight routes from German rival Scandlines,...
- St. Lawrence Seaway Volume Ticks Up 1.3 Percent
Strong iron ore and coal shipments for the steel and construction industries were key in driving traffic on the St....
- Report: Northwest Export Coal Boom Could Raise Intermodal Rates
Bold plans to boost coal export to Asia through Northwest ports will likely slow intermodal and grain shipments, resulting in...
- DHL Express Opens North Asia Hub
DHL Express opened its largest hub in Asia today (July 12), the latest step in the logistics major's massive roll-out...
- Russia's Globaltrans Aims to Raise $450 Million in Share Sale
Russian private rail freight operator Globaltrans is aiming to raise around $450 million from a share sale to fund potential...
- APL to Raise India-US Freight Rates
Singapore-based container carrier APL will seek a general rate increase on trades from India to the U.S., starting Aug. 5....
- USDA Releases Container Availability Report
The U.S. Department of Agriculture on Wednesday released the first Ocean Shipping Container Availability Report designed to alert exporters about...
|JULY 12, 2012|
- Hapag-Lloyd warns of Japanese reefer problems
Hapag-Lloyd is urging importers and exporters of reefer cargo through the ports of Osaka and Kobe in Japan to be extra vigilant and to adjust their existing cold ...
- TSA members to ask for more
Despite the recent decline in eastbound transpacific spot rates, and mixed economic data on the health of the US economy, the 15 box line members of the Transpacific ...
- Durban's future port will break new ground
The new port at Durban will be largely funded by the private sector and will be offered under a 20-30 year concession according to Transnet group ceo Brain Molefe. ...
- OSCAR should help US 'agri' shippers
US exporters of agricultural products to Asia should benefit from the joint initiative of the US Department of Agriculture (USDA) and the Westbound Transpacific ...
- South Korea cuts interest rates to boost exports
China is not the only economy that is seeing a backlash from the eurozone crisis; the South Korean central bank today unexpectedly cut its key interest rate to ...
- More German efficiency from HHLA
HHLA's highly automated Container Terminal Altenwerder (CTA) plans to introduce a working practice that will significantly reduce the time required to load and ...
- Open Ocean aims to keep pirates at bay
Yesterday saw the launch of a new service that aims to provide all of the necessary intelligence and advice needed to keep shipowners'/operators' fleets secure, ...
- Dammam still congested
There are signs that congestion in the port of Dammam, Saudi Arabia, is getting worse with Hapag-Lloyd among carriers imposing new surcharges. Effective from July ...
|JULY 12, 2012|
- Lembergs escapes UK trial
The English courts do not have jurisdiction over Latvian businessman politician Aivars Lembergs accused of involvement in a massive shipping fraud.
- Clarksons loses a knight
Royally connected shipbroker Sir Carron Greig has died at the age of 87.
- How risky is Mombasa?
Can fear of a pirate attack justify a shipowner refusing a charterers order to send a ship to a port even if it is not on the list of excluded high risk areas declared by war risks insurers.
- Viking seals cruise deal
Viking Ocean Cruises' boss Torstein Hagen has finalised an order for two 47,000-gt cruiseships at Italy's Fincantieri and may return with further contracts.
- Cruise captains coin it
A shortage of skills means that salaries in shipping continue to rise despite various high-profile companies facing serious difficulties, a new report says.
- Bottiglieri agrees plea bargain
The Italian owner of a bulk carrier accused by the US authorities of the illegal dumping of oily waste has agreed a plea bargain that will cost $1.3m.
- Latvian holds cash pile
Riga tanker owner Latvian Shipping is halting its 2011 dividend to cover previous losses.
- HHI joins bond blitz
Hyundai Heavy Industries is following compatriot Daewoo Shipbuilding & Marine Engineering into the bond market.
- Nelly nearing IPO
Indonesian tug owner Pelayaran Nelly Dwi Putri is plotting a domestic IPO.
- DNB losses "low"
Norwegian lender DNB has revealed its second-quarter shipping losses were "low."
- S&P slices OSG again
Standard & Poor's has sliced Overseas Shipholding Group's credit rating for the second time this year.
- EOC still red
EOC's bottom line continues to be weighed down by one of its two FPSOs lying idle.
- Alaed under way again
The controversial Russian cargoship Alaed, linked to a Syrian arms cargo, has left the port of Murmansk.
- Fairstar plans fundraiser
Fairstar is plotting a $335m private placement to cut debt and help pay for a newbuilding.
- P+S rescue cleared
The European Union (EU) has okayed a German state loan guarantee worth EUR 152.4m ($186.8m) for cash-strapped shipbuilding P+S Werften.
- Two killed in sinking
Two people have been killed and seven more are missing after their cargoship capsized in the Yangtze river in China.
- Cruise CEO quits
Celebrity Cruises boss Dan Hanrahan has handed in his notice.
- Clyde & Co in Libyan move
International trade and transport law firm Clyde & Co is opening a new office in the Libyan capital of Tripoli.
- Wartsila gasses up tugs
Wartsila is to supply duel-fuel engines to two environmentally sustainable offshore tugs being built for state-owned China National Offshore Oil Corp. (CNOOC) subsidiary CNOOC Energy Technology & Services Limited (CETS).
- Atwood wins work
US offshore drilling contractor Atwood Oceanics has secured lucrative contracts for two off its offshore drilling rigs.
- Stena Line gets green light
German competition authority Bundeskartellamt has approved a deal in which Stena Line will buy five Baltic ferry routes and two ships from Scandlines Deutschland GmbH
|JULY 12, 2012|
- Virginia gives more time for alternative port bids
- New USDA report details container availability
The report will detail the availability of 20-, 40-, and 40-foot high cube "dry" containers at 18 locations around the country, as well as 20- and 40-foot refrigerated containers for both the current week and project availability for the next two weeks.
- Commentary: Saving your wallet from the cloud
- PMA wants to standardize produce EDI
- Corps delivers good news on Charleston deepening
Agency officials reiterated the project's feasibility study is now projected to be finalized in less than four years instead of five to eight years, which would allow work to be completed by the end of the decade.
- CMA CGM joins Maersk in new Asia/Africa loop
The French line will provide two of 10 vessels on the service, with Maersk providing the other eight on a loop that will essentially replace Maersk's existing FEW3 service. The vessels will be in the range of 4,000- to 4,500-TEUs.
- Railroad industry targets veterans for job openings
The U.S. railroad industry will hire more than 5,000 military veterans this year, the Association of American Railroads announced Tuesday, furthering a White House effort to help discharged soldiers, sailors and airmen find jobs in the private sector.
- U.S. container imports rise 4.4% in June
- GPS now accepted on AirNet fleet
- CKYH cuts 4 Asia-Europe sailings over next month
- Port Everglades recruits Long Beach official
- U.S./Oceania service switching to Charleston call
- GeoMetrix Rail enhances tracking
- DHL opens Shanghai express hub
- CORRECTION: Import drop helps U.S. trade deficit
|JULY 12, 2012|
- Rolls-Royce unveils energy efficient OSV design
New design expected to decrease fuel use by as much as 40% in comparison to similar sized vessels.
- Middle East market reports small price gains
Small but steady growth in LS IFO demand in Fujairah.
- Tight avails in Rotterdam
Prices show little movement in European markets.
- Sharp fall in fuel oil exports from Iran
Cargo volumes down by almost 50%.
- Gunvor moves ahead with plans for Belgium refinery
Credit facility will be used to buy crude oil and feedstock.
- Fuel oil stocks falling in Singapore
Inventories decline by 12% in week ending July 11.
- Player to start fuel oil trading in Singapore: Reports
Freepoint Commodities has hired Shee See Kue from J.P. Morgan Chase.
- Asian bunker markets generally firm
Supplies of bunker fuels fine at major ports in Asia on Thursday.
- Titan faces winding-up threat
Investor Warburg Pincus seeks to recoup about $50 million through the liquidation of the Hong Kong-listed firm.
- Singapore sees first bunker delivery using mass flow meter
Bunker delivery by mass flow meter-equipped tanker 'significant milestone' for the local bunkering industry, says MPA.
- 'Too much' at stake for box shipping lines in 2012
Transpacific box shipping lines to implement further rate increase in efforts to restore revenues.
- Sinopec Zhoushan expands bunkering operations to Huizhou
Bunker supplies will be delivered by tankers from nearby Guangzhou.
- Supplier resolving issues with 'off-spec' product
Bunker supplies at Hong Kong remain 'relatively unaffected', says local trader.
- Cargoship runs aground, leaks bunkers
About 2,000 litres of bunkers have leaked after the Long Shan hit rocks on Korea's Jeju island, according to the coast guard.