|JULY 16, 2012|
- CKYH member lines lay up Asia-Europe ships as peak season matures
- Asia-Europe freight rates continue to fall 4.4pc to US$1,747 per TEU
- OOCL quarterly volumes up 6.7pc, revenues up 10.6pc to US$1.56 billion
- CMA CGM, Delmas, Maersk, Safmarine re-order China-Mideast-Africa loops
- Re-flagged arms ship sails for Syria escorted by 6 Russian warships
- Shipping industry pay scale review show half receiving 5pc increases
- MOL opens branches in Fuzhou, Zhongshan, closes representative offices
- Port of Haikou's volume expected to hit 100 million tonnes by 2015
- Port of Ma'anshan 5-month box volume up 9pc to 287,000 TEU
- US Department of Agriculture to provide guide to inland box availability
- Spedag Interfreight, a new leader in the East African logistics market
- Sino-Italian shipping cooperation boosted as Cosco docks as La Spezia
- Delivery of the 2,554-TEU Rio Anna for Gold Star Line's FAX service
- Disappointing half for global transport, logistics, little relief in sight
- DHL opens US$175 million Shanghai hub, to spend $132 million on 8 planes
- FedEx adds two 777F cargo flights from Shanghai, Guangzhou to Cologne
- Lufthansa Cargo volume slumps, but utilisation high in tough market
- Air France-KLM's June narrows cargo loss after steep May, April declines
|JULY 13, 2012|
- Mandatory container weight verification getting increasing support
- Rise in vessel demolition pushes scrap rates down 13 pc
- Coffee exports may slip by 15 pc this year
- Global supply crunch bodes well for sugar exporters
- India focusing on Africa to reduce dependence on MidEast oil imports
- India targets $ 40 bn trade with West Africa by 2015
- Indo-Nepal trade expected to scale to $10 bn in 5 years
- Singapore PM hopes to finalise Indo-Asean investment, services pact soon
- CR's freight earnings jump 39 pc in Q1
- DMIC likely to facilitate mega industrial cluster in Gujarat
- Apex chambers hail industrial output rebound, call for fast-tracking reforms
- Falling INR infuses life into domestic apparel makers
- Forex reserves decline to $287.6 bn
- IIP numbers portend better export prospects in coming months: Fieo President
- Industry bodies seek economic revival package
- INR ends weak at 55.14 despite fag-end recovery
- States urge PM to resolve CST issue
- Trade deficit sinks to 15-month low due to plunge in imports, exports
- IGC cuts global wheat production forecast
- India, China seeing strong signs of economic slump: OECD
- Chinas record coal stockpile threatens to spoil shipping rally party
- GPLN members efficiently handle air & ocean shipments
- Houston training aims at improving project cargo profitability
|JULY 13, 2012|
- Atlantic Towing purchases new AHTS vessel
- ICS again asks Panama Canal Authority to rescind proposed toll...
- Moody's gives Teekay a negative ratings outlook
- Treasury adds NITC to Iran sanctions list
|JULY 13, 2012|
- Port of Vancouver, USA earns AAPA communications honor
- US rail freight numbers head up during week
- Rail industry plans to hire over 5,000 veterans this year
- Port of Tacoma selected for Green Supply Chain Partner award
- MOL expanding in China with Fuzhou, Zhongshan branches
|JULY 13, 2012|
- Dockwise seeks suspension of Fairstar Management
Enterprise Chamber of the Amsterdam Appellate Court approached
- How Lloyd's List inspired a shipping hero
Derek Johnson, one of the most renowned figures in UK box shipping, tells young freight forwarders and shipping agents about his life and career
- Lines to trim Asia-Europe capacity as demand stumbles
Sailings skipped during what should be busiest time of the year
- West Africa suezmax spot market runs out of steam
Brokers expect charter rates to fall over the coming week
- ICS makes fresh call for a halt to Panama Canal toll rises
Letter follows in the wake of Asian shipowners urging ACP to enter talks with the shipping industry and shippers
- Teekay Offshore raises $45m for shuttle tanker order
Private placement accompanies dividend announcement
- Thoresen Shipping to add up to 12 vessels to fleet
Chief executive of dry bulk operator says half could be newbuildings
- Regulation? Yes, but only if it supports the market
The International Maritime Organization does a very good job - on its own
- Air seeps out of capesize market
Rates rally loses ground as charterers gain upper hand
- Durban box hub faces long delays
Cranes damaged by gale-force winds
- Shenzhen sees lacklustre growth in box volumes during first half
World's fourth-busiest container port suffers from slowing trade in South China
- Owners warned to limit orders of semi-submersible vessels
Shipowners with drilling interests to choose between drillships and semi-subs
- Re-flagged Russian arms ship sets sail to Syria
Alaed is being tracked by Norwegian Navy and escorted by six Russian warships
- Ennore box terminal future at risk
Indian infrastructure investor Eredene Capital hit by weak rupee and tough bank conditions
- Cheniere lands $3.4bn loan for LNG export project
US liquefaction pioneer hopes new loan will spur final investment decision
- Global Hanseatic files for insolvency
Shipmanager was operating vessels financed by KG funds that had to sell ships or went bankrupt
- Sanko house of cards could hit owners' cash flow
Creditors can expect serious haircuts, legal source claims
- Singapore bunker sales slip on fewer vessel arrivals
Container throughput down slightly from May
- OOCL reports higher volumes and rise in revenues
Asia-Europe revenues rise 15% on stronger rates in second quarter
- HHI plans $608m bond sales
World's largest shipbuilder to replenish working capitals, following move from DSME
- Just salaries
Pay rises in shipping amid the downturn reflect a shortage of indispensable skills
- Asian Shipowners' Forum calls for the Panama Canal Authority to withdraw toll increases
Letter to the ACP is region's strongest protest yet
- STX Pan Ocean plans $87m bond issue
Proceeds to help refinance corporate bonds coming due in July
- Sri Lanka Port Authority revises bond plan again
State-owned entity seeks to raise $1bn in one go in October
|JULY 13, 2012|
- Corsica ferry concession ruling overturned
FRANCE'S top administrative court has overturned a decision to invalidate the concession for ferries between Corsica and the mainland
- Rickmers ships stay on sales shelf
ONLY three of the 18 sub-Panamax box ships that Rickmers have offered for sale since March have sold, brokers told Fairplay
- Teekay Offshore sells $45M in shares
TEEKAY Offshore, general partner of Teekay Offshore Partners, said today it has sold about 1.7M common shares in a private placement
- Russian wheat forecast falls
AS RUSSIA pushes down its prediction for this year's wheat harvest, the global median price for the grain has fallen 30% since mid-June
- Box charterers depress rates
PERIOD hire rates for chartering box ships are continuing south this week as demand for bigger tonnage wanes
- Japan's coal-fired power rises again
COAL-fired power generation in Japan rose again in June, representing the fifth consecutive month of year-on-year increase, according to Japan's Federation of Electric Power Companies
- STX Pan Ocean plans to issue $87M in bonds
BULKER operator STX Pan Ocean confirmed to Fairplay today it plans to issue 100Bn won ($87M) in public unsecured bonds in South Korea
- 'K' Line might charter out two chemical tankers
'K' LINE told Fairplay today its Singapore subsidiary might charter out two chemical tanker newbuildings to major operators
- Capesize cargoes dry up
CAPESIZE bulker rates have been slipping since midweek as prompt cargoes become increasingly scarce, brokers said today
- Supramax rates might be losing momentum
SUPRAMAX figures have been firming in the Pacific, but brokers warn that rates have now peaked because of scarce fertilizer cargoes from China
- Ezra's profits rocket 249%
SINGAPORE-listed offshore player Ezra Holdings said its third-quarter profits have increased by 249% to $22.4M, from $6.4M year on year
|JULY 13, 2012|
- A.P. Moller Family Fund Sells Some Stock
The fund of the family that controls A.P. Moller-Maersk sold series B shares in the Danish shipping and oil group...
- CKYH Suspends Some Asia-Europe Calls
The four carrier members of the CKYH alliance announced plans to cut capacity on the routes from Asia to Europe...
- Container Volume, Revenue Strengthen at OOCL
OOCL reported positive operating results Friday for the second quarter ended June 30, with strong increases in both container volume...
- Asia-Europe Spot Container Rates Ease
Average spot rates in the Asia-Europe trade lane eased this week following the general rate increase that carriers put into...
- Asia-Pacific Airports See Growth in Freight
Freight volumes at Asia-Pacific airports grew in May for the second consecutive month, latest figures from Airports Council International show....
- China's Trade Volumes Rise, But Growth Slows
China's exports outperformed imports in June, but year-over-year growth slowed compared to May. China's exports increased 11.3 percent year-over-year...
- MSC Sets Peak-Season Surcharge in Asia-Europe Trade
Mediterranean Shipping Co. will impose a peak-season surcharge on westbound trade from Asia to Europe, starting Aug. 1. The...
- May International Cargo Volumes Rose at ANA, JAL
Japan's All Nippon Airways Co. said its international cargo volume grew for the fourth consecutive month in May on a...
- Quijano's Field of Dreams Includes New Terminals
By the time the Panama Canal Authority opens its new set of locks in 2015, the 50-mile stretch of canal...
- Protectionism Threatens Investment in Argentina
When Argentine President Cristina Fernandez de Kirchner expropriated control of the country's largest oil producer, YPF, from its Spanish parent...
- US-Asia Trade in Slow-Growth Mode
Overall growth in containerized Asian trade has been at a snail's pace, with imports through the U.S. West Coast via...
- Commentary: Charting the ILA's Contract Negotiations
The ups and downs of this year's International Longshoremen's Association contract negotiations resemble a stock price chart on a volatile...
|JULY 13, 2012|
- Maersk pulls the plug on Wallis et Futuna and Vanuatu link
Maersk Line has advised that it has with immediate effect closed its service between New Zealand and the South Pacific islands of Wallis and Futuna and Vanuatu ...
- Demurrage charge: 'that will do nicely'
Using your plastic to pay for shipping charges in the US is now a reality for clients of APL and Maersk Line, eliminating the time and expense of sending a cheque ...
- Lew joins Norton Rose
Norton Rose, which is one of the world's leading law firms, has strengthened its London-based transport team by recruiting Simon Lew as a shipping partner in its ...
- CMA CGM group joins with Maersk/Safmarine on Asia/W Africa loop
Maersk Line and Safmarine have revamped their FEW3 service connecting the Far East (mainly China) with West Africa, and the CMA CGM group has joined the operation ...
- OOCL carries more cargo at higher rates in Q2 12
Hong Kong-headquartered OOCL has reported a generally good operating performance in Q2 12, with cargo volumes and revenues on most tradelanes up on both the previous ...
- CI Awards announces the finalists
The trading environment in the container shipping industry remains exceptionally challenging with a firm focus on managing costs and protecting revenue. However, ...
- The brakes are on in China
China's economy grew at its slowest pace in over three years in the second quarter of 2012, slowing to 7.6%, down from 8.1% in the first three months, ...
- CKYH alliance to lay up Asia-Europe vessels in peak season
Coscon, K Line, Yang Ming and Hanjin intend to withdraw vessel capacity from Asia to Europe between the end of July and middle of August at the same time as some ...
|JULY 13, 2012|
- Blue Fin swallows six
- Rose readies comeback
- Dockwise get tough
Dockwise is taking legal action to remove the management of takeover target Fairstar Heavy Transport.
- TKO bags tanker cash
Teekay Offshore has harvested $45m from a private placement which will help fund a series of new shuttle tankers.
- TMT torches VLCC
Nobo Su's Today Makes Tomorrow (TMT) has sold a VLCC for scrap in Pakistan.
- India opens the gate
India is now allowing ships for recycling to enter its waters and undergo formalities for recycling, according to a leading cash buyer.
- Jaya wins two
Jaya Holdings has secured contracts to build a pair of offshore support vessels for an unnamed buyer.
- Summer fun for OSVs
Offshore owners can look forward to an improving environment over the summer, according to Credit Suisse.
- Ampal selling Gadot stake
Ampal-American Israel Corp is in talks to offload some of its majority holding in Israeli chemical tanker owner Gadot.
- Five for Shreyas
India's Shreyas Shipping & Logistics has bought a second-hand boxship as it grows its fleet.
- Sanko master medevaced
The captain of the arrested bulker Sanko Mineral has been evacuated after falling ill in the US.
- Moody's negative on TK
Moody's Investors Service has turned negative on tanker giant Teekay Corp amid concerns about its acquisition activities.
- Ezra on a high
Ezra Holdings' subsea drive has lifted earnings for the second quarter in a row.
- Everlasting ships?
We take a look at what was said in the market over the last week.
- Ban hits Indian scrapping
Newly-arrived vessels at the world's largest ship scrapping location, Alang in India, are now being affected by a Supreme Court ruling banning the import of hazardous waste, say sources.
- Ocean 16 panned
TradeWinds digests the digits making the headlines this week.
- Second Titan tanker held
A second tanker operated by Singapore's Titan Ocean has been detained in Malaysia over illegal anchoring.
- Box Ships' new fundraiser
Box Ships intends to go ahead with a public offering after all though the company has settled on the sale of new common stock as its preferred fundraiser.
- Latvian fights on
Latvian Shipping Company will continue to pursue a fraud case against Aivars Lembergs despite a UK judge ruling a trial could not go ahead.
- OOCL volumes rise
Hong Kong container line OOCL has improved cargo volumes in the second quarter as revenue increased.
- Ugland orders double
LT Ugland Shipping has returned to Tsuneishi Shipbuilding for another pair of supramax bulkers.
- NITC sanctioned
The United States Treasury Department has announced that it is adding Iran's NITC to its list of officially sanctioned companies.
- Titan's survival battle
Saturn Petrochemical Holdings, a special purpose entity of US private equity firm Warburg Pincus LLC is seeking to have troubled oil trader and tanker owner Titan Petrochemicals wound up.
- Ezra gets busy
Ezra Holdings of Singapore has clinched new vessel charter contracts and construction deals that will bring in revenue to the tune of $164 million.
- Braemar bags big box boss
Braemar Shipping has pulled off a coup with the appointment of a top container broker to head its London boxship operation.
|JULY 13, 2012|
- Cimetra deploys EDI for document sharing
- OOCL gains momentum in 2Q
The liner carrier OOCL said Friday its first half container volumes rose 6.1 percent over the same period in 2011, to nearly 2.6 million TEUs. Revenue in that period rose 5 percent to $2.9 billion.
- Freight forwarders feeling the squeeze
- Maersk consolidates Mideast-East Africa
The carrier has consolidated its Middle East-to-East Africa services by terminating its Dar Express service while simultaneously extending its Masiika Express loop to include a call at Dar es Salaam, Tanzania.
- Intermarine adds Paita, Peru call
Industrial Destiny, an 8,000-deadweight-ton vessel, will sail for Paita on July 20. Other regular port calls on the service include Esmeraldas and Guayaquil in Ecuador, Peru's Callao, and Puerto Angamos, Chile.
- Scholnick, head of pallet association, dies
Bruce N. Scholnick, who led the National Wooden Pallet and Container Association (NWPCA) as its president and chief executive officer for 12 years, defended industry on state and federal regulatory matters.
- Tung takes place on WSC board
- Redwood City rebuilding 2 wharves
- Longistics renews contract to manage FTZ 93
- CTL Global expands options with new warehouse
- APMT welcomes VA port proposal extension
- Brightpoint provides logistics to Fitbit
|JULY 13, 2012|
- Global bunker prices record stable week
Global ports recorded sharp declines to kick off week before recovering in latter half.
- Bunker prices in the Americas end week higher
Demand was fair today, says supplier in US Gulf.
- Lithuanian port investigating LNG bunkering possibilites
Maritime Department head forecasts LNG bunkering demand in region after 2015.
- ICS praises governance of international shipping
Secretary General explained that shipping is 'not a patchwork of national rules which would bring about chaos, inefficiency and have a negative impact on the smooth flow of world trade'.
- Association: Sulphur directive to increase shipping costs by 40%
Irish exporters not opposed to cutting sulphur emissions but says time frame is 'completely unreasonable'.
- October start date for Hambantota bunker operations
'We got the license. We are in the process of buying test products,' says Sri Lanka Ports Authority.
- Market firms in Rotterdam and Hamburg
'Strong demand' in Hamburg.
- IFO prices firm in Fujairah
'Very weak demand' in Middle East hub.
- Rotterdam LNG bunker terminal: 'Ready by end of 2014'
Deal being finalised to make land available.
- Brightoil tanker heading to Singapore
'It is equipped with an onboard blending facility which will allow the vessel to mix different cargo grades while at sea,' says company.
- Second Titan tanker arrested
Malaysian authorities allege it was anchored in 'undesignated waters'.
- Asian bunker markets firming
Supplies of bunker fuels fine at key Asian ports on Friday.
- Owner of Davy Crockett pleads guilty to bunker spill
Owner could face prison for failure to report spill.
- Singapore bunker sales down from record high
Sales decline amid a drop in vessel arrivals and 'bunkers-only' calls at the port in June.
- IRISL bunker tankers added to US sanctions list
Bunker tankers owned by Iranian state shipping firm Islamic Republic of Iran Shipping Lines.
- Singapore-listed group in $23 million bunker tanker deals
ES Group set to transfer ownership of its two bunker tankers to Singapore charterer.
- Firms partner to develop LNG as marine fuel in Australia
LNG bunker fuel could lower operating costs, says Wartsila.
- Titan to 'vigorously' defend itself against law suit
Titan received a summons by the Shanghai Intermediate Court in case pursued by Grand China Logistics.