|JUNE 15, 2012|
- MSC ups rate US$500/TEU on Asia-Europe/Mediterranean trade from July 1
- Maersk CFO quits as 400 laid-off worldwide after quarterly losses
- Five lines revise and increase capacity on Asia-Mexico-WCSA services
- Correction: Statistical mix-up results in error in HK throughput report
- Box Ships to buy two OOCL 5,344-TEU ships for US$31.1 million each
- Fujian ports' April box volume up 12.3pc - total cargo, 35 million tonnes
- Test Run of Wuhan-Yichang High-speed Railway starts off
- LA-Long Beach terminal operators increase PierPass truck fees August 1
- Toll Group cleared of charges of illegal, unfair US staff dismissals
- 'Container flying' angers Nigerian officials as boxes skip port and taxes
- Carriers say terminal productivity declines as ships increase in size
- Canadian National urges feds to stay clear of shipper rate talks
- China to EU: 'If you seize our planes for carbon tax, we may seize yours'
- Cathay Pacific-Dragonair air freight volumes decline 10.6pc in May
- El Al to pay US$15 million in US class action suit in price-fixing case
- Qantas chief executive Alan Joyce to chair IATA board of governors
- Australian safety board: There are more air accidents than widely believed
- Renewed Eurozone crisis resumes threat to global air cargo recovery
- FedEx extends air cargo cut-off times from Taiwan to Europe and Africa
|JUNE 14, 2012|
- NMT India committed to offer excellent services, says Frits Dix
- Urmila Project Services successfully handles 1,000-tonne DHDS reactor with Goldhofer self-propelled axles
- US CBP announces simplified entry pilot to enhance cargo security
- Cochin Port issues fresh cargo clearance norms to counter dubious forwarders
- GMB's Gogha-Dahej RoRo ferry service project a first in South Asia
- JN Port felicitates top performers at 23rd anniversary celebrations
- Pipavav Shipyard joins hands with French co. for tech transfer
- RINA updates GREEN PLUS notation to cover transhipment terminals
- Contingency plan in place if Greece quits EU: RBI
- India Inc raises pitch for rate cut following poor industrial output
- Intend to submit GST Bill report in monsoon session: Sinha
- Ministry of Food Processing invites EoIs for setting up 20 cold chain projects
- MACCIA organises advanced certificate course on Customs
|JUNE 14, 2012|
- Germany: fewer goods hauled by train
The German statistical office Destatis reported that a total of 89.7 million t of goods were hauled as railfreight in Q1/2012. This equates to 2.7% less than in the like-for-like q...
- Greenmodal Transport providing door-to-door services
France's first tri-modal operator, Greenmodal Transport, has been set up to provide a door-to-door service by barge or rail with the "last kilometre" by truck. The object...
- European losses deepening says Iata's revised industry outlook for 2012
The International Air Transport Association (Iata) has released its revised industry outlook for 2012. Global industry profits are expected to be USD 3 billion, unchanged from the ...
- Heavy load took off with a Volga-Dnepr Ilyushin
Germany's Leipzig/Halle airport has once again managed to handle a heavy-duty loading operation. A 23.5 t road construction vehicle, measuring 8.95 m x 2.95 m 2.60 m, was loaded on...
- Brussels Airport starts project for tracking air freight in real time
Brussels airport is starting a 15 month project on GPRS in air freight. The project will be headed by the Flemish Institute for Logistics (Vlaams Instituut voor Logistiek - VIL ). ...
- 30 candles for IDS general cargo alliance
Germany's first general cargo alliance is about to celebrate its 30th anniversary. In summer 1982 eleven medium-sized forwarders in Hamburg established the alliance "Interesse...
- AAE special railcars carry 4 m high trailers through Channel tunnel
The railfreight operator Europorte Channel and the global logistics service provider Ewals Intermodal carried out tests for transporting mega trailers with a 4 m corner height thro...
- Sea France ferries sold to Eurotunnel
A commercial court in Paris has selected Eurotunnel's bid to acquire the three ferries (the "Berlioz, Rodin" and "Nord Pas de Calais") that were owned by SNCF's collapsed cross-Cha...
- Bigger management team for cargo at Brussels airport
The new and bigger management team at Brussels airport is getting established. After the promotion of Steven Polmans to head of cargo, three new positions have been filled at Bruca...
- Markku Mylly appointed executive director of the EMSA
On 8 June 2012, Markku Mylly, CEO of the Finnish port association and former director general of the Finnish maritime administration, was appointed the new executive director of th...
- Hermes opens 500 parcel shops in Great Britain
Hermes, a global CEP and logistics company headquartered in Germany, officially inaugurated 500 parcel shops in 25 large cities in Great Britain in mid June. According to statement...
- Record sales for Hüttemann in 2011
The Duisburg (Germany)-based transport and logistics group Huettemann ended the last financial year with a new record turnover. The service provider's consolidated sales totalled E...
- BDP expands capabilities in UK with project logistics
BDP International, a leading USA-based global logistics and transportation management firm, now offers customized logistics solutions that support construction, mining, power gener...
|JUNE 14, 2012|
- Huntington Ingalls names Peter Diakun VP of energy programs
- UANI asks Germanischer Lloyd to stop classing Iranian ships
- Voith Turbo gets new President and CEO
- Panama Canal Authority orders GE Marine engines for 14 tug...
- BAE San Diego Ship Repair gets $17.1 million mod to DDG 83...
- Weeks Marine awarded $9.6 million USACE contract
- STX OSV books order for advanced OSCV
- Western Geco orders arctic-capable seismic ships at FSG
|JUNE 14, 2012|
- SASCO to begin operations from Port of Everett to Russia
- BTS freight transport index increases .2 percent in April
- Public invited to celebrate Leif Erikson statue anniversary
- Oregon governor taps Carter as Portland Port Commission president
- Port of Los Angeles reports cargo volume numbers for May
|JUNE 14, 2012|
- What the eurozone crisis means for bulk and tanker trades
The Asian dawn is undermined by the onset of twilight in Europe
- Opec pledges to keep oil output unchanged
Cartel's decision not to cut back is a good result for tankers
- Sun sets on Japan's LNG boom
Willingness to pay a high price for energy security will not last forever
- Counting the KG casualties
Deutsche FondsResearch reveals the true cost of KG insolvencies
- Britain used as dumping ground for LNG cargoes
Problem highlights trade's inflexibility and why that must change
- Evergreen's 13,800 teu charter deal in the balance
South Korea buyer struggles to raise finance
- Biting the bullet
Scrap now for a faster recovery
- Growing number of offshore projects keep FPSOs afloat
Bright outlook for floating oil production vessels despite questions over oil demand
- Don't write off the 'dead sea' just yet
Tax breaks drive new exploration contracts
- CMA CGM preferred bidder for French state military logistics contract
Eventual deal could see order for five new ro-ros
- Rates spike for Mediterranean aframax market
Fixtures reported at W125 as daily earnings top $30,000
- Naphtha market for long range two tankers hits eight-month high
Long-haul chartering activity trims position lists to boost rates and earnings
- Japan urges levy exemption for ships that beat green benchmark
Tokyo revises submission to IMO debate on cutting emissions
- King coal boosts its share of the energy market
Last year's fastest-growing fossil fuel is keeping dry bulk carriers busy
- FSG lands two-vessel offshore order
Deal brings German shipbuilder into new niche
- Courage Marine sells panamax bulker for scrap
Hong Kong-based owner gets $4.3m for vintage vessel
- Singapore box volume up 8.6% in May
Southeast Asian giant posts stronger growth than Shanghai
- STX OSV set for $235m offshore order
Shipyard wins its biggest single order since listing in Singapore
- CSAV secures $90m loan from DVB
Finance will cover final payments for widebeam tonnage
- InterBulk reports revenue dip
Scotland-based intermodal firm expects strong dry bulk recovery
- RMT threatens strike ballot at Northern Isles Ferries
Union accuses Serco of detrimental changes to pension scheme
- China State Shipbuilding announces bond sale
State-owned shipbuilder will repay debts and replenish working capital
- Make room for value
China must tackle shipyard capacity as it pursues high-value orders
- Dover Harbour Board floats 'enhanced' privatisation plan
Move faces stiff opposition from local people and rival ferry operators
- K Line and Noble form capesize pool
Each company will contribute five to seven bulkers
- Vree named APM Terminals' Europe boss
Poulsen has moved on to head group safety interests
|JUNE 14, 2012|
- Wind farm pioneer BARD faces break-up
GERMAN offshore wind farm developer and shipowner BARD Engineering is expected to be broken up - and sold in bits and pieces by lenders
- ICS to push green button at Rio summit
SHIPPING'S green credentials are to be emphasised by the ICS at the UN 'Rio+20' summit on sustainable development
- BIMCO: brace for bulker delivery surge
BIMCO has lifted its 2012 delivery estimates for drybulk carriers to 101M dwt, from 90M dwt early this year
- CMA CGM graded down
STANDARD & Poor's today expressed concern about the ability of box liner CMA CGM to deal promptly with liquidity problems - and knocked down the group's credit rating
- Suezmax tanker earnings double VLCC takings
SUEZMAX earnings were double that of VLCC's in the first five months of 2012 because of a tonnage shortage in key places, according to BIMCO
- Lanka approves Trincomalee port scheme
A $4Bn PLAN to build a deepwater jetty at Trincomalee's port and set up heavy industries in three phases has been approved in Sri Lanka
- Shanghai told: stop talking, start doing
TOO MUCH R&D can be wasteful, the Asia Shipping Development Summit in Shanghai was warned today
- Yangzijiang might sell FreeSeas ships
YANGZIJIANG executive chairman Ren Yuanlin told Fairplay today that his yard might sell two 33,800dwt bulkers ordered in 2010 by FreeSeas, after it defaulted on instalments totaling almost $7.4M in February and April
- Capesizes crash below Handysize equivalent
SPOT RATES for Capesize drybulkers have extended their losing streak on higher-than =-anticipated deliveries of newbuildings, according to sector analysts
- Courage shrinks fleet again
SINGAPORE-listed Taiwanese bulker owner Courage Marine has shrunk its fleet further with the disposal of Panamax bulker Courage
|JUNE 14, 2012|
- US Intermodal Volume Up 15.2 Percent From Prior Week
Intermodal shipments on major U.S. railroads in the week ending June 9 rose 3.8 percent year-over-year and jumped 15.2 percent...
- Long Beach Container Volumes Down in May
Container volumes at the Port of Long Beach declined 7.23 percent in May compared to May 2011, with imports dropping...
- OOCL Shuffles Management Responsibilities
OOCL announced three changes in its management team on Thursday. Michael Kwok is being promoted to chief operating officer,...
- Container Volumes Rise at Port of Los Angeles
Container volumes at the Port of Los Angeles inched up in May along seasonal trends. Imports increased 2.7 percent compared...
- Arkansas Best Buys Panther Expedited for $180 Million
Arkansas Best, parent of less-than-truckload operator ABF Freight System, is acquiring non-asset carrier Panther Expedited Services for $180 million. ...
- Congress Wants DHS to Consider All-Cargo Air Carrier Screening
The investigative arm of Congress wants the Department of Homeland of Security to determine the costs and benefits of requiring...
- US Steel Exports Rose 13.6 Percent in April
U.S. steel exports in April rose 13.6 percent year-over-year but posted their third consecutive month-to-month decline, government statistics show. ...
- Asia-Europe Spot Rates Slide for Sixth Week
Average spot rates on the Asia-Europe trade slipped slightly this week for the sixth week in a row, reflecting the...
- Congress Running Out of Time to Pass Transport Bill (Video)
With only several weeks left for Congress to hash out a surface transportation bill, Senate Democrats urged House Republicans to...
- Idle Container Fleet Drops 47 Percent
The idle container fleet has dropped by 47 percent in the last three months as freight rates continue to increase,...
- Bulgaria Seeks Buyer for State Rail Freight Operator
Bulgaria has issued a tender for the sale of the state-owned railway company BDZ's cargo operation. BDZ hopes to...
- India's Trade Deficit Narrows
India's trade deficit narrowed 12 percent in May, the second month of fiscal 2012-13, but both exports and imports fell...
- S&P Downgrades CMA CGM Credit Ratings
Standard & Poor's Ratings Services on Thursday lowered its long-term corporate credit rating on CMA CGM's debt to "CCC plus"...
- Kuehne+Nagel Launches Singapore Aerospace Logistics Hub
Kuehne+Nagel has launched a new customized spare parts logistics hub "solution" for the aerospace industry in Singapore. The new...
- APM Terminals Names New Europe Head
APM Terminals has named Ben Vree executive chairman of its European operations, which account for 36 percent of the A.P....
- Shippers Shift Modes Seeking Savings, Capacity
Rising transportation costs and tight truckload capacity are creating more opportunities for intermodal rail in 2012, logistics executives said Wednesday....
|JUNE 14, 2012|
- PierPass fee forced up by labour cost rise
The Pierpass Traffic Mitigation Fee (TMF) fee will increase by 2.5% from August in the ports of Long Beach (LB) and Los Angeles (LA) due to an increase in labour ...
- Zim adds Duress to ADX service
Zim Line has added the Albanian port of Duress to its weekly Adriatic Express Service (ADX) between Israel and the Adriatic. The service deploys two vessels averaging ...
- Chinese exports up, but not to the EU
China has been forced to find new markets for its exports in the light of the financial crisis blighting Europe - its biggest trading partner. Indeed, data released ...
- Damco scoops double-gong
Global third-party logistics provider, Damco, recently took home two awards from the UK, ASDA-owned fresh produce importer, International Produce Ltd [IPL]: Service ...
- TOC: Marks and Spencer demands innovation
Jason Keegan, head of logistics at UK-based general retailer Marks and Spencer (M&S), wants more from his shipping lines. Addressing the TOC Container Supply ...
- Cargotec sets up SmartPort
Cargotec, the manufacturer of cargo-handling equipment and provider of software solutions for operating container terminals, has teamed up with a number of leading ...
- Tumbling US retail sales pose clear and present danger to rates
Ocean carriers' Peak Season Surcharges [PSS] on the transpacific tradelane could come under pressure sooner rather than later as fresh data on US retail ...
|JUNE 14, 2012|
- Hasbun in it to win it
Expansion on the horizon for CSAV as fuel efficient containership fleet is the key to competing with rivals, CEO says.
- TBS in Bogota brawl
US bulker operator accuses Colombian counterparty of attempting to evade arbitration involving cargo claim.
- IPO spin clock in the spotlight
Industry split on whether Oslo investors will welcome Geden spinoff with open arms given turmoil in the tanker market.
- STX OSV adds to tally
Singapore-listed yard collects Troms PSV order with hope more are on the way.
- Farstad targets two
Norwegian offshore owner lines up PSV brace after landing long-term charters with Statoil.
- Rieber becomes the target
Arrow Seismic launches EUR 9m claim against rival owner over payment for Spanish survey vessel resale.
- Arctech bags $100m loan
Finnish shipyard now has funds in place to build paid of icebreakers for Russia's Sovcomflot.
- Farstad sale half flops
Oslo-listed owner sees deal to offload two ageing anchor handlers hit a snag with Lady Cynthia staying put.
- Norwegian pair pens CSV
Solstad and HitecVision join forces in $220m construction vessel order at Singapore-listed yard.
- Ferry towed by sister
Philippines passenger vessel needed help after breaking down off Cebu with 400 people on board.
- Dal Bello behind Oslo IPO
Connecticut financier and other local leaders emerge as architects of Geden tanker spinoff Universal Maritime.
|JUNE 14, 2012|
- Port of Oakland seeking to end impasse with employees
- Maersk, Hamburg Sud boost Asia-WCSA connections
Maersk, Hamburg Sud, and four other container lines to expand capacity on Asia-WCSA trade by adding vessels, rotating in larger ships, with the rotations of three different services affected by the moves
- U.S. logistics costs grew 6.6 percent in 2011
- Arkansas Best buying Panther Expedited for $180 million
Parent of ABF Freight System purchases expedited logistics specialist Panther in a deal that's dubbed "an excellent strategic fit," with Panther to remain a wholly-owned subsidiary and sister company to ABF
- Maersk slows FEW1, raises FEW3 capacity 24%
- Vree to head Europe operations of APM Terminals
APM Terminals drafts in the head of its key Rotterdam terminals to oversee European region, which accounts for 36 percent of the operator's global volume and 25 percent of its global revenue
- CSAV signs loan for last of seven ships
- Cathay volume down in May
- OOCL promotes Kwok to COO
- Liner reliability improves in May
Figures from maritime analyst SeaIntel show liner reliability climbed from April to May, most likely due to a settling down of service adjustments and alliance reshuffling by lines on the three main east-west trades
- Ryder elects Hilton to board of directors
- Chubb, Freightwatch in anti-theft initiative
- Rikvin promotes GTP status
- U.S. shippers prepare for East Coast port closures
Logistics officials say shippers are likely to increase inventory levels early to avert potential U.S. East Coast port disruptions in the event of a strike by ILA workers or a lockout by employers...
|JUNE 14, 2012|
- Salvage work on Rena ends
Officials confirm that Rena is to be left on the reef over winter.
- Port of Vancouver to make ECA-related changes
Impact of Canadian ECA delay on Vancouver bunker market expected to be limited, broker tells Bunkerworld.
- IFO prices soften in Fujairah
No IFO in Suez.
- Little price movement in European bunker markets
Some product tightness in Piraeus.
- South Korean refiner to start supplying low sulphur bunkers
SK Energy ready to meet demand from vessels heading into North American ECA.
- Canada to delay ECA enforcement
Vessels will be encouraged to comply from August 1, but officials cannot take enforcement action until Canadian regulations are in place.
- Russia's energy taxes under attack
Prime Minister says tax regime is 'not what we would have liked.'
- Fuel oil stocks little changed
Arbitrage volumes set to fall in July.
- Asian bunker markets see prices stabilise
Supplies of bunker material fine at key Asian ports on Thursday.
- Rotterdam launches first cold ironing facility for ocean-going vessel
Facility will 'improve air quality considerably', says local port authority.
- US Navy loads biofuel for fleet demonstration
RIMPAC will be the first demonstration of the US Navy's Great Green Fleet.
- Diesel-electric propulsion systems to power new offshore vessels
Offshore shipping firm places order for eight platform supply vessels.
- VLCC rates fall to 'new lows'
Rates 'barely' covering operating costs even as bunker prices decline, says Fearnleys.
- Bank of China sets up fuel oil trading desk in Singapore
The team will start trading fuel oil in the paper market 'soon', says source.
- Bunker tanker owner terminates newbuilding contract
Arbitration proceeding to 'claim back' $6.7 million payment made for the vessel, says Yujin's chairman.