|MAY 16, 2012|
- Welding sparks MSC ship explosion aboard 4,651-TEU Idil off Puerto Rico
- NYK joins RCL to offer Thailand-Vietnam-Pearl River Delta feeders
- Regional Container Lines first quarter loss narrows to US$15.74 million
- Korea's Daewoo yard starts to build Maersk's first 18,000-TEU ship
- Erehot Sino-Mongolian quarterly cargo volume increases 27.3pc
- Tauranga orders 2 super cranes, bringing quay crane count to 7
- UBS forecasts brighter second quarter for Asian container shipping
- Future bright, says Maersk, despite slowdown in Cambodian exports to Europe
- Global Container Terminals eye raising PANYNJ to 1.7 million TEU a year
- Marine underwriters UK P&I Club ends year with US$11 million surplus
- Garuda to augment passenger bellyhold capacity with full freighters
- DHL and unit LifeConEx win D2D cold chain solution award in Beijing
- American Convair's cargo plane crash lands Guatemala City runway
|MAY 15, 2012|
- Arshiya International's net profit rises 43 per cent in FY 12
- Daewoo begins constructing world's biggest box vessel
- DAMCO India organises customer meet in Bengaluru
- LNG freight rates scale 31 pc in a year: Drewry
- No more seafood exports to China
- APSEZ net up 20 per cent
- Vizag Port berth executed ahead of schedule: Welspun
- MMRDA shortlists 5 firms to build MTHL sea link
- ' to continue falling in 2012: expert
- Curb forex market speculation, Basu tells RBI
- Deregulation of PCFC interest rate to hit MSME exporters: Fieo
- FDI scales 34 pc to record $ 46.8 bn in 2011-12
- Govt move to regulate cotton exports hailed
- Indias share in global trade up despite growth in trade deficit: Scindia
- Mobilise forex reserves to arrest rupee slide: PMEAC
- Sugar exports freed
- Mumbai to host Korean SME expo
- WEF to establish office in India
|MAY 15, 2012|
- Georgian Airways to serve Paris
Starting today (15 May), Georgian Airways is providing a twice-weekly service between Tbilisi and Paris CDG. Two Boeing B737-500 aircraft are to operate the link. Last autumn Airze...
- Drukair to fly to economic powerhouses of South Asia
Drukair Royal Bhutan Airlines is starting a new service linking its home base Paro with Mumbai (India) today (15 May 2012). Another new service to Singapore is due to take off from...
- New name for KiwiRail's new North Island service
KiwiRail's new North Island (New Zealand) train service, which will begin in the middle of this year, has been renamed the Northern Explorer. The new offer will encompass three wee...
- IRU honours Abdelilah Hifdi for his life's work
The International Road Transport Union (IRU) has awarded the distinguished IRU Order of Merit to Abdelilah Hifdi, secretary general of the Moroccan road haulage association AMTRI a...
- CTS to obtain direct rail link
Container Terminal Salzburg CTS, one of the most important cross-loading sites for intermodal transport in western Austria and southeast Bavaria (Germany), will finally obtain a di...
- President of American Airlines resigns
David Brooks, president of American Airlines Cargo, a subsidiary of AMR Corporation, has announced his retirement. He has served as American's president cargo for almost 16 years, ...
- Less airfreight in Germany in Q1
The German Federal Statistical Office (Destatis) reported that the country's volume of airfreight (including transhipments and air mail) in Q1/2012 amounted to about 1 million t, ...
- CKYH alliance to restructure Asia-US east coast services
The CKYH Alliance (Coscon, K Line, Yang Ming, and Hanjin Shipping) will restructure five of their current Asia-US east coast loops as of May 2012. The AWE-6 sling is scheduled to r...
- Seventh Gottwald crane for Associated Terminals LLC in Louisiana
Associated Terminals LLC in Louisiana/USA is expanding its fleet of equipment with a seventh Gottwald floating crane. A generation 5 model 8 crane variant will be starting commerci...
- Krone establishes subsidiary in Netherlands
The commercial vehicle manufacturer Krone is set to establish its own sales subsidiary in the Utrecht region (Netherlands) on 1 August. The company started to produce HGVs in Emsl...
- BBL Transport and Loxx set up alliance
The German transport service provider Loxx recently established an alliance with BBL Transport, based in Bussy Saint-Georges (Paris). The cooperation covers Loxx' traffic to France...
- DHL builds new logistics centre at Brussels Airport
DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post-DHL Group is starting to build a new logistics centre on a 54,000 sqm plot of land at Brucargo (Br...
- FedEx takeover of Tatex now definite
The US-based integrator and CEP corporation FedEx is definitely set to take over the French express service provider Tatex (formerly known as Tat Express (see ITJ Daily on 19 April...
- Azkar opens first office in Brazil
The Spanish transport and logistics service provider Azkar is opening its first office in Brazil. The facility is located in the city of Santos, which has the busiest port in Latin...
|MAY 15, 2012|
- San Francisco Bay Ferry to launch East Bay service
- Smit Lamnalco plans expansion
- EU Navfor carries out airstrike on pirate supplies on shore
- Siemens to supply systems for Maersk Triple E containerships
|MAY 15, 2012|
- Allegiant to offer flights from Bellingham to Hawaii
- TSA Precheck program online at Portland Airport
- World Trade Center Tacoma extends Globe Awards deadline
- Olympia Port Board calling for Citizens Advisory Committee alternates
- Hanjin Shipping to apply new peak season surcharge
|MAY 15, 2012|
- London warned to raise its game on loss of hire cover
Current policy wording leaves too much open to interpretation
- China's coastal trades absorb newbuilding surplus
Smaller bulk carriers ply domestic trade
- LNG exports fall in April
Maintenance closures reduce the number of cargoes shipped
- Fairstar resists 'hostile' Dockwise takeover offer
War of words after bid 'significantly undervalues' rival heavylift business
- DVB Bank's first quarter profits slide
Chief executive Wolfgang Driese declares he will stick to his aim of achieving a full-year result comparable to last year's
- Mediterranean aframax market is poised for an upturn
Ceyhan cargo demand boosts rates
- Congestion at Indonesian ports as export tax looms
Short-term rates boost masks long-term threat to shipowners
- April is the second-strongest month for Singapore
Year on year box volumes increase 6%
- Strike out against pirates
Attacks on gangs' shore-based operations must not be half-hearted
- Landmark strike on pirate camp signals strategy shift
Exclusive audio interview with EU Navfor Commander
- Capital Product equity sale to underpin dividends
Capital Maritime will contribute $26.5m
- CMA CGM, Hanjin and CSCL join peak-season rates push
Investor fears about softening rates are exaggerated, says Jefferies
- Correction - Global Ship Lease
- Norden boss on alert for cheap tonnage in poor market
Despite $300m writedowns Danish shipowner is ready for fleet expansion
- Japan thinks green
The sun also rises for proposed incentives to build eco ships
- Transatlantic's losses deepen
Group sets itself September deadline to bring in cost savings
- STX Pan Ocean doubles loss to $104m in first quarter
Dry bulk division hit hardest as shortfall reaches $80m
- Torm sells LR1 vessel for $5m loss
Danish firm has sold four ships so far this year
- HHLA revises its 2012 outlook
Falling container revenues and rising costs fuel port operator's pessimism
- Dockwise makes another bid for Fairstar
Unconditional mandatory offer made at same price per Fairstar share that was rejected in April
- DVB Bank sees first-quarter profits slump
Ship finance specialist says new accounting rules dented its result
- Industry must cut reliance on armed guards
Vast outlay for security personnel provides no lasting benefit to a fleet
- STX OSV profits drop 13% in first quarter
But Singapore-listed offshore builder gets orders for seven more vessels from January
- Jakarta's port to undergo $2.5bn expansion
Project to build add three terminals and two petrochemical storage facilities begins in July
- Globus eyes 2013 upturn as earnings dip
Nasdaq-listed dry bulk owner chases payments from two charterers
- Woodside charters Maran newbuild to boost Pluto LNG fleet
Fourth ship to serve new project as Australia eyes export boom
- Operators shortlisted to run Panama Colón Container Port
Consortium behind $600m development is in exclusive talks with one terminal operator, while a second waits in the wings
|MAY 15, 2012|
- Somerville, Fain honoured
AMERICAN Bureau of Shipping chairman Robert Somerville was given a lifetime achievement award, marking 42 years with the classification society, during last night's Seatrade Awards Dinner in London
- Losses drag down DVB
GERMAN shipping and transport lender DVB Bank said pre-tax earnings dropped 58% year on year to €22M ($28.27M) in the first quarter, mainly because of trading losses
- Two Globus cases add to arbitration trend
NASDAQ-listed Globus Maritime has confirmed two arbitration cases, which add to a market-wide increase in counterparty disputes
- People smugglers busy
GREEK authorities said they are holding 94 people in connections with people smuggling over the past week
- Whopper impairment charge whacks Norden
DS NORDEN has booked hefty impairment losses on its ships and newbuildings
- Swiber profits slightly rise
SINGAPORE'S Swiber Holdings said today its net profits grew by 6% to $12.5M during the first quarter of 2012
- Farstad's profits leap
FARSTAD Shipping, the listed Norwegian offshore group, has reported an increase in both net profits and revenues in 1Q12
- Torm exits JV at loss
TORM has closed a deal to sell its 50% stake in the joint venture Ugland & Torm Shipowning, whose main asset is a 2007-built Torm Ugland, a long-range 1 tanker
- Courage cuts losses
BULKER owner Courage Marine, listed in Singapore and Hong Kong, said today it incurred $1.16M in 1Q12 losses, down from $3.18M in 1Q11 losses
- Dockwise raises Fairstar tempo again
DOCKWISE, the Dutch heavy-lift specialist listed in Oslo, has launched an unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport
- Breaking prices crash
PRICES in major ship recycling nations are plunging, as heavy buying took its toll
- Box ship S&P rebounds
S&P activity is rising among feeder and sub-Panamax box ships, after being dormant for some time
- Maersk tankers scooped up
EN BLOC deals are accounting for many secondhand tanker sales, brokers said today
- Premium paid for LPG loading in Iran
A CHARTERER has paid $85 per tonne for MOL-operated VLGC Ayame to load Iranian LPG for discharge in Asia, brokers told Fairplay
- STX Europe profits fall
STX EUROPE, the Norwegian unit in South Korea's STX Business Group, has reported a year-on-year fall in first-quarter net profits on lower operating earnings
|MAY 15, 2012|
- NYK Ends Free Chassis in Pacific Northwest
NYK Line (North America) said it would quit providing chassis to customers in the Tacoma-Seattle-Portland market, effective July 1. ...
- Long Beach Begins Construction of Middle Harbor Project
The Port of Long Beach launched construction of its $1.2 billion Middle Harbor project, which the port and Orient Overseas...
- Macy's Stores to Dispatch Online Orders
Macy's has joined the ranks of retailers that are filling online orders with inventories from stores as well as warehouses....
- New Malaysia Airlines Freighter Service Takes Off
The cargo division of Malaysia Airlines has launched a new intra-Asia freighter service. MASkargo's twice-a-week A330-200 freighter schedule links...
- Dockwise Makes Mandatory Offer for Rival Fairstar
Dockwise, the Dutch heavy-lift operator, made an unconditional mandatory takeover offer for its Norwegian rival Fairstar. The 9.30 Norwegian...
- Alphaliner: Asia-Europe Peak-Season Surcharges in Danger
Ocean carriers' bid to levy peak-season surcharges in Asia-Europe trades in June risk unraveling amid increasing signs of rate cutting,...
- Chicago to Open $200 Million Air Cargo Hub Next Year
Chicago Mayor Rahm Emanuel on Monday said the city plans to open a $200 million hub next year, as the...
- EU Naval Forces Hit Somali Pirate Base
European Union naval forces said they conducted their first air strikes on a land base used by Somali pirates. ...
- DB Schenker Logistics Plans Shanghai DC
DB Schenker Logistics will open a new logistics center near Shanghai later this year. Dedicated to engineering giant KONE,...
- Kerry Looks to Inland China
Kerry Logistics is further expanding its logistics footprint in the interior provinces of China as OEM customers move inland in...
- Hanjin Plans Asia-Europe Peak-Season Surcharge
Hanjin Shipping has joined its liner competitors in announcing a peak-season surcharge on westbound Asia-Europe shipments starting June 1. ...
- India Container Volume Down 2.4 Percent
Container traffic through India's major ports fell 2.4 percent year-over-year in April, the first month of fiscal 2012-13, according to...
|MAY 15, 2012|
- Comtiem praises Purfresh's technology
Comercializadora Tierra Mexicana (Comtiem), which is a major exporter of limes from Mexico to Europe, including the UK, has found that its use of Purfresh technology ...
- CAI to issue bonds for expansion
San Francisco-based CAI International is to raise up to USD100 million through a bond issue to help fuel its expansion programme. Depending on market conditions, ...
- MOL boosts PNW coverage
Japanese carrier MOL is beefing up its presence in the Pacific North West (PNW) by adding calls at the ports of Seattle and Vancouver to its PSX transpacific sling. ...
- EU NAVFOR launches strike on Somali pirate land base
European Union naval forces this morning conducted their first raid on Somali pirate land-based strongholds since the EU anti-piracy mandate was extended in March ...
- Salalah set to improve connectivity
Salalah's connectivity to its main markets in the Middle East, Indian Subcontinent and East Africa looks set to improve through the expansion of Oman Container ...
- MOL chief: loyalty earns priority
That was the message coming from MOL's UK managing director, Adrian Jones, at the recent Birmingham-hosted Multimodal Exhibition. He said that developing two-way ...
- Greek crisis: stocks take a big hit
European stock markets have started the day on a subdued note after the heavy falls sustained yesterday on fears that a Greek exit from the euro could fatally damage ...
- Carriers also go for more cash from Europe to Asia
Ocean carriers appear determined to increase freight rates from Europe back to Asia, as well as in the reverse direction, despite lacklustre eastbound cargo growth ...
|MAY 15, 2012|
- Allied lunges for lifeline
Dimitris Marinis-backed operator says cash infusion will be the key to avoiding insolvency and restoring tarnished reputation.
- NWS reduces losses
Russian cargoship owner sees first quarter deficit shrink 31% despite revenue fall.
- Mermaid bags rig extension
Singapore-listed offshore owner seals $16m deal as it strips back losses.
- WesternGeco sheds OSV
Schlumberger's seismic division sells vintage offshore-support vessel in a transaction backed by mystery buyers.
- Farstad better in the first
Norwegian offshore owner puts up improved quarterly figures despite sales losses.
- Masters blamed for sinking
Pilot also found at fault after Truong Hai Star went down following clash with Thai bulker.
- Fesco profit soars
Russian liner company boosted by one-off gains despite weaker operating result as costs rise.
- Platou boost for Golar
Falling share price draws an upgrade from analysts at Norwegian finance house.
- Courage up on sales
Disposals help Hsu Chih Chien-led bulker owner to curb first quarter loss.
- Tokyo Kisen result weakens
Japanese tug owner hurt by lower revenue in year to 31 March, but current 12 months looking better.
- Navy hits first pirate camp
Groundbreaking raid on Somali coast base marks a new era in the fight against pirates.
|MAY 15, 2012|
- CLARIFICATION: Deceased Cambon began career at CMA
- eBizNET, SPS partner on supply chain
- Ex-Im Bank to boost U.S. aircraft exports
The bank announced Monday that U.S. business aircraft and helicopters manufacturers will benefit from a new process to assess credit risks and expedite foreign-buyer financing.
- EU forces hit Somali pirates ashore
The attack followed a March 23 decision by the Council of the European Union to allow the EU Naval Force to take disruption action against known pirate supplies on shore.
- K+N gets medical manufacturing license in Japan
- Pronto, Leadtec link in Australian, New Zealand
- Amware buys e-commerce fulfillment company
- New MOL service nets Virginia first-in call
"This is, to say the least, both exciting and important for Virginia. A first-in is of great benefit to our large import customers because they'll be getting their goods to their shelves quicker," said Jerry Bridges, VPA executive director.
- Long Beach celebrates Middle Harbor project
- Hanjin joins Asia-Europe increase brigade
- Schenker joint venture in Oman starts
- Washington Notebook: Calling on Hercules to rescue transport
This week Associate Editor Eric Kulisch explains how a newly formed caucus wants President Obama to get serious on ports; a Hercules may be needed to get a substantive transport bill passed; and properly spelling LaGrange.
- MSC ship suffers explosion off Puerto Rico
The Coast Guard is monitoring salvage efforts on the containership MSC Idil after an explosion that occurred onboard Friday. The ship was about 60 miles north of Puerto Rico, in transit to Barcelona.
|MAY 15, 2012|
- Renewable diesel made from fish waste
Batch of waste fish fat complies with the strict sustainability requirements of the EU's Renewable Energy Directive.
- Plans for 14 bunker storage tanks to go ahead
Busan Marine & Oil Company will create space for 200,000 mt of bunker product.
- Fujairah prices climb
Middle East hub firms after nearly two weeks of losses.
- Bunker prices firming in northern Europe
But Mediterranean markets still softening.
- Sampling challenge to detect toxic gas in bunker fuel
Standard method for obtaining samples used to test delivered fuel quality not suitable for determining H2S content in bunker fuel.
- Iran fuel oil 'as ubiquitous as salt in seawater'
Sanctions will be a 'major headache' for ships wanting to bunker in Singapore.
- 'Global industry needs global environmental standards'
President of Wilhelmsen Maritime Services says local regulations would make life 'very difficult' for international ship owners.
- Indian shipowners want sulphur cap exemption
'They feel that imposing the same norms on them is harsh,' says Indian government official.
- Bunker prices firming in key Asian ports
Avail tight in Hong Kong.
- Box vessel receives SEEMP certificate
A 'Preliminary Energy Efficiency Certificate' has also been issued to the vessel's ship manager.
- DFDS: Scrubber has increased operating costs
DFDS official also cites reliability issues with system installed on its vessel.
- Bulker firm sues charterer for not replenishing bunkers
Globus Maritime seeks $1.7 million in damages from Allied Maritime for breach of contract.
- Hong Kong bunker sales up 6.7% in April
Sales volumes of bunker fuels at the port could rise as much as 5% in May on declining bunker prices, traders say.
- Torm secures further extension
Final documentation of long-term financing plan has commenced, says CFO.
- Recovery 'fragile and unstable' amid volatile oil prices
CSAV reports lower Q1 losses, notes that freight rates have not reached breakeven levels in the current quarter.
- Chemoil Q1 profit 'on target'
Reports a 62% dip in quarterly net profit due to lower margin achieved during the quarter.