|SEPTEMBER 17, 2012|
- TP rate up 8.9pc to US$2,711/FEU; Asia-USEC rises 6.6pc to $3,966/FEU
- Hong Kong Government: Brace for recession, export fall as quarter ends
- OOCL launches Japan-Taiwan-Xiamen-Hong Kong KTX5 service this week
- UN's IMO urges ballast water treaty ratification for early enforcement
- Georgia's Savannah posts 13.8pc increase to 270,610 TEU in August
- Virginia's Hampton Roads posts 24pc increase to 188,658 TEU in August
- South Carolina's Charleston volume up 19pc to 137,039 TEU in August
- MSC makes unusual Le Havre transshipment test call with mega box load
- Huanghua August port volume hits new record high of 1.5 million tonnes
- Alataw Pass checkpoint's freight volume up 92pc in first seven months
- Fujian's 8-month road freight increases 13.9pc to 364 million tonnes
- Study shows passenger vehicle production up to record highs worldwide
- US logistics firms plan to exploit opportunities in European downturn
- Changi Airport profit rises 64pc to US$453 million, revenue up 22pc
- Nippon Cargo Airlines mulls leasing rather than parking surplus 747-400s
- Manchester Airport prepares to promote itself as 'World Logistics Hub'
- Singapore Airlines expands use of its Lufthansa Systems route planner
|SEPTEMBER 14, 2012|
- AMTOI's 13th AGM today
- Call for proper scrutiny of shipboard armed guards
- Coastal shipping making presence felt: BIMCO
- GL sees immense potential in LNG as shipping fuel
- K. P. Unnikrishnan elected MANSA President for 2012-14
- MOL receives EVO's top award for container services
- Sarjak Container Lines wins recognition as 'NVOCC of the Year (Special Equipment)' at MALA 2012
- G. Senthilvel appointed FA&CAO of Chennai Port
- Kandla Port Trust awarded Indira Gandhi Rajbhasha Puruskar
- New Mangalore Port handles largest consignment of timber logs
- Port & dock workers to get bonus soon
- V. O. Chidambaranar Port breaks 9-year rock phosphate handling record
- Railways requires INR 80,000 cr. for PPP projects
- Transporters increase freight charges
- Truck rentals hit by drop in lifting of cargo
- August exports down 9.7 pc
- Bring down cost of credit to boost exports: Fieo
- Forex reserves rise by $ 1.58 bn to $ 292.04 bn
- INR ends week at 2-1/2 month high of 54.31
- Hundreds join coastal clean-up drive at Mumbai beaches
- Nurminen Logistics successfully transports 9.50-m width loads in Finland
- Scheuerles UltralightCombi proving its mettle
|SEPTEMBER 14, 2012|
- Bangkok Airways cancels Bangalore service
Less than a year after launching the Bangkok - Bangalore service on 26 September 2011, Bangkok Airways is set to cancel this daily operation between its hub airport and the souther...
- GAC opens new office in Santos (Brazil)
GAC has opened a new office at the Brazilian port of Santos. It is the third office in Brazil, joining the bases in Rio de Janeiro and Sao Paulo. GAC Brazil was established in 2006...
- Container lease fleet grew strongly in 2011
Drewry Maritime Research's latest Container Leasing Industry report indicates that the rental container fleet grew by 10.6% in 2011, improving on the 9% returned in 2010 and giving...
- Turkish Airlines to serve Mauritania
Turkish Airlines is launching a new service to Nouakchott, the capital of Mauritania on 16 September. The airline will operate the thrice-weekly Istanbul - Nouakchott - Dakar - Ist...
- Ideas and schemes for managing single-wagon load traffic in the future
Single-wagon load traffic has lost market shares in Europe due to high production costs and a lack of quality standards. For some sectors, such as the chemical industry, rail trans...
- New trucks for Knights of Old
The UK-based transport and logistics specialist Knights of Old have put its first new Ivecos into service. The new vehicles include ten Eurocargo 75E16 7.5 tonners and two Eurocarg...
- CN expands locomotive shop in British Columbia
Canadian National Railway Company (CN) announced a CAD 12 million (USD 12.26 million) expansion of its Locomotive Reliability Centre (LRC) at its northern British Columbia centre. ...
- New Volvo FH launched
Volvo Trucks has launched a new FH tractor unit in Gothenburg (Sweden). The new model is more economical and safer than the current FH. Production of the new FH with euro 5 engines...
- Bahrain Air resumes second service this week
Bahrain Air is resuming its twice weekly service to Kathmandu (Nepal) today (14 September), after resuming its thrice weekly operation to Dhaka (Bangladesh) last Monday (10 Septemb...
- Le Havre reports new handling record
The French port of Le Havre has proudly announced a new record handling figure. A total of 7,800 teu were handled when the Geneva (Switzerland)-based Mediterranean Shipping Compan...
- LH Cargo's supervisory board prolongs Andreas Otto's term of office
The supervisory board of the German carrier Lufthansa Cargo has prolonged the contract of Andreas Otto by five years to 30 June 2018. Otto, the board member for products and sales,...
- GLS inaugurates new hub in Greater Milan
GLS Italy, the Italian affiliate of the pan-European CEP service provider GLS, has moved to a new location in San Giuliano Milanese, to the southeast of Milan. Italy's second large...
- Groupe CAT acquires Toquero Group transport division
The French service provider Groupe CAT recently bought (through its Iberian subsidiary) the Toquero Group's transport division, one of the most important vehicles logistics transpo...
- Geodis opens new logistics platform in Casablanca
The French logistics service provider Geodis has opened its new 16,000 sqm logistics site in Casablanca (Morocco). This platform, which has been operational since the end of 2011, ...
|SEPTEMBER 14, 2012|
- Pyro-torq coating system receives ABS approval
- IMO's Sekimizu calls for shipowner action on key issues
- Double christening for Evergreen Line at Samsung
- $16 billion investment gap threatens ports, waterways
- First FPSO in U.S. GoM starts oil production
|SEPTEMBER 14, 2012|
- Port of Vancouver taps Estuesta as new finance/accounting director
- Inchcape warns of expansion of immigration officer strike in Brazil
- Ward joins New Orleans office of Jensen Maritime Consultants
- Port of Los Angeles releases August 2012 cargo numbers
- Weekly rail traffic count rolls to both sides of ledger
|SEPTEMBER 14, 2012|
- CSAV caught up in car carrier probe
Subpoenas issued by US and Canadian authorities
- Cosco Dalian reported to have booked up to 30 VLCCs
Market waits for confirmation that whispers of Chinese binge have become reality
- More boxships laid up as demand stalls
Inactive fleet tops 400,000 teu for first time since mid-May
- Flashpoint on the waterfront
ILA-USMX talks enter critical phase as federal mediation begins
- Main sticking points in US ports dispute
A few of the unresolved issues that have brought US ports close to an ILA strike
- The perils of paying peanuts
Cheapest is never best when protecting your crew and cargo from pirates
- Qatar supplies an extra 20m tonnes of LNG to Japan
Doha positions itself to meet Tokyo's growing demand
- US docker and seafarer unions join forces to defend workers' rights
Maritime Labour Alliance launches as dock talks enter crucial phase
- LNG shipping boosted as Japan pulls the plug on nuclear power
Orderbook now looks healthy after historic energy decision
- Arctic offers new gold rush for shipping
Ernst Frankel outlines potential in Onassis lecture
- Garbage in; garbage out
Waste disposal laws show it is easier to ban a problem than to solve it
- Asia-Europe box rates slide further
Spot prices down more than a third since May
- Fortescue shares suspend trading
Doubt over company's ability to pay back loans leads to panic selling
- Rongsheng sued by Quanchai shareholder
Aegon-Industrial Fund Management claims Yuan16.37m compensation
- Thorning-Schmidt urges Denmark and China to co-operate in shipping
Danish premier highlights common values and prospects for mutual benefit
- Ransom taskforce to report back next week
Shipowners and unions oppose moves to ban payments to pirates
- Long-term forecasts won't help owners now
Rising tonne-mile demand for VLCCs will have a positive future impact, but owners are focused on the dire present market
- US faces $16bn investment gap at ports and inland waterways
Civil engineers' body warns on infrastructure
- Unity is the way forward in ballast water treatment
Trying to tackle the issue at national level will lead to pandemonium
- China's capesizes: will good things come to those who wait?
Brokers debate whether government stimulus can revive a flat market
- OOCL launches new intra-Asia service
Two 1,500 teu boxships to cover Kaohsiung, Hong Kong, Xiamen, Tokyo and Nagoya
- Textainer prices share offering at $31.50
World's largest container lessor to sell 5m shares and stakeholder Halco sells 2.5m
- China Shipping Haisheng scraps vintage chemical tanker
China Shipping unit sells 1984-built, 5,470 dwt vessel for under $800,000
- Ocean Rig expands private offering to $800m
Notes due in 2017 are priced at 6.5%
- Statoil signs floating storage unit deal with SHI
Norway energy giant signs deal to renew buoy system in Heidrun field
|SEPTEMBER 14, 2012|
- Ocean Rig upsizes bond offering
NASDAQ-listed Ocean Rig, controlled by George Economou-led DryShips, has priced an $800M junk bond offering
- CSL wins Cochin Port Trust auction
COCHIN Shipyard Ltd (CSL) today received the mandate to set up an international ship repair unit at Cochin Port Trust, at a capital expenditure of 7.5B rupees (136M)
- Cosco retains 'sell' rating
WHILE shipbuilding activities for the offshore sector looks positive, Cosco Corp (Singapore) is not seen ready to "ride this wave," observes a sector analyst
|SEPTEMBER 14, 2012|
- Freight-Related Programs Face $1.7 Billion in Sequestration Cuts
Federal programs that directly and indirectly affect freight transportation face more than $1.7 billion in automatic budget cuts through the...
- Toy Shippers Hope for 'Quick Progress' in ILA Talks
Toy shippers are the latest importers to urge the International Longshormen's Association and United States Maritime Alliance to seek a...
- Mobile Port Director Returns to Work
James K. Lyons, long-time head of the Port of Mobile, returned to work on Friday after a temporary leave of...
- Shipping Rate, Surcharge Update for Week of Sept. 10-14
Hapag-Lloyd will impose a general rate increase on all cargoes from East Asia to Mexico, Central America and South America...
- Teamsters Prepare for UPS Contract Talks
Health care benefits and pensions as well as wages will top the agenda when the Teamsters union and UPS, the...
- Corps of Engineers Gets New NY Commander
Col. Paul E. Owen assumed command of the New York District of the U.S. Army Corps of Engineers on Friday....
- Teamsters President Hoffa Discusses UPS Negotiations, Pensions (Video)
Teamsters General President James P. Hoffa speaks on upcoming negotiations with UPS, the largest Teamsters employer, for a new multi-year...
- Kuehne + Nagel Settles Class-Action Antitrust Suit
Kuehne + Nagel said it has entered into an agreement to settle a U.S. class-action lawsuit alleging anticompetitive practices in...
- US, Canada Investigate CSAV
CSAV said it and some of its employees have received subpoenas from U.S. government authorities and the Competition Office of...
- STB's Higher Rail Capital Rate Deals Blow to Captive Shippers
Shippers dependent on a single major railroad will likely have a harder time contesting rates after the Surface Transportation Board...
- Maersk CEO: China's Changing Economy Slowing Export Growth
Lower growth in China's export volumes reflects changes in its manufacturing sector, according to Maersk Line CEO Soren Skou, China...
- DOT's LaHood Details Importance of New Freight Policy Council (Video)
DOT Secretary LaHood invites participants of the first listening session on the newly formed Freight Policy Council to share what...
- Panalpina Launches Three Asia-Europe LCL Services
Panalpina boosted its fast- growing less-than-containerload Asia-Europe network with the launch of three services from China and Singapore to Hungary,...
- OOCL Launches Intra-Asia Service
OOCL has launched a new intra-Asia service linking Taiwan and China to Japan. The KTX5 will be operated by...
- India's Exports Fell 9.7 Percent in August
India's exports shrank for the fourth consecutive month in August on a year-over-year basis, falling 9.7 percent to $22.3 billion,...
- E-Commerce Creates Overnight Sensation
As e-commerce transforms the retail industry from a brick-bound behemoth to a fast-moving, multichannel enterprise, retailers, parcel carriers and logistics...
- Commentary: Building Domestic Intermodal
When APL developed the stacktrain in the mid-1980s, it effectively launched the modern intermodal era by going beyond the basic...
- Cathay Pacific Expects Cargo Rebound in September
Cathay Pacific Airways saw cargo volumes lose further ground in August but predicted a rebound in the latter part of...
- Commentary: The Russia Paradox
In the final scene of the 1990 blockbuster film "The Hunt for Red October," Sean Connery's Marko Ramius considers what's...
- Frankfurt Airport Cargo Off 4.1 Percent in August
Frankfurt airport's freight traffic dipped 4.1 percent in August from a year ago as an uncertain global economy and the...
- Saudi Airlines Cargo Adds African Destinations
Saudi Airlines Cargo has extended its reach in West Africa to nine new destinations. Via its hub at Lagos,...
- Air China Cargo Launches China-Europe Flight
Air China Cargo has launched a new flight linking China to Europe. The five-times-weekly B747-400F service from Shanghai calls...
- US Intermodal Volume Rises, Carload Traffic Falls
Intermodal shipments on major railroads rose 3.1 percent year-over-year in the week ending Sept. 8 but plummeted 13.9 percent from the...
|SEPTEMBER 14, 2012|
- Intra-Asia market is not decoupled from other tradelanes
There has been much talk over the past couple of years about the sustainability of the intra-Asia trades outperforming the global market and, therefore, saving ...
- Evergreen and Yang Ming report mixed results
Evergreen and Yang Ming performed very differently in Q2 12 compared to the first quarter of the year. As shown in table 1, Evergreen only just returned to profit ...
- Menlo boosts agreement with Dana's Thai operation
Menlo Worldwide Logistics, the global logistics subsidiary of US-headquartered Con-way Inc. has boosted its agreement with the axle-making shipper customer Dana ...
- SDV takes control of Getco
Paris-based SDV has bought a majority stake in Milan-based Getco, a leading provider of multimodal transport services in Italy.Getco's activities are centred on ...
- Bottomless dollar pot spikes stocks
Equities around the world have been given a boost by the Federal Reserve's announcement yesterday that it would inject USD40 billion a month into the US economy ...
- GAC adds to its Brazilian network
Dubai-based GAC, which is one of the world's leading providers of integrated solutions to the shipping, logistics and marine industry, has expanded its operations ...
- ITO business ripe for transactions
Drewry Maritime Research expects merger and acquisition (M&A) activity to further pick up in the international terminal operating business, with the possibility ...
- IMO warned by EC about need for climate change
The European Commission has reminded the International Maritime Organisation that unless it delivers more on climate change soon, it will lose its mandate to protect ...
|SEPTEMBER 14, 2012|
- Cheniere projects look promising
Cheniere Energy is hoping to seal its liquefaction build-out at Sabine Pass in Louisiana and start exporting LNG by as early as the fourth quarter of 2015, according to an equity analyst at Wells Fargo Securities.
- Antitrust probe ignites
Compania Sud Americana de Vapores on Friday confirmed reports that it is one of the targets of an antitrust investigation unfolding in North America.
- Cape buys brewing
China's Hebei Ocean Shipping is believed to be on the brink of selling two capesize ore carriers.
- Who's a lucky boy, then?
A Liverpool couple have been reunited with a pet parrot that escaped to board a German cruiseship.
- Cochin gets cash
The Indian government has cleared Cochin Shipyard's INR 7.5bn ($138m) new shiprepair profit in Kerala.
- OOCL adds Intra-Asia loop
Orient Overseas Container Line (OOCL) has introduced a new service to its Intra-Asia network.
- Humpuss calls for help
Indonesia's Humpuss Intermoda Transportasi (HIT) is likely to ask creditors to further reduce its debt as it seeks to settle early charter termination disputes.
- Horizon eyes FAL tanker
A FAL Oil aframax embroiled in arrears claims is to be sold off in Singapore.
- A stab in the back
We take a look at what was said in the market over the past week.
- Sale spur for MBC
Malaysian Bulk Carriers is set for a near $3m profit from the sale of industrial land.
- Taiwan Nav falls
Bulker owner Taiwan Navigation has posted a slip in first-half earnings as investment income dwindled.
- Ezion's golden year
Ezion Holdings is on course to double its share price in 2011 with nearly a third of the year still to go.
- Greek plotting comeback?
A Greek owner who cashed in his ships almost a decade ago is being tipped to make a comeback.
- Second Sage death
Australian police are investigating the death of a second crew member on a Japanese bulker, two weeks after a colleague disappeared mysteriously from the ship.
- Crosstraders cashing in
Panamax bulker owners opting to crosstrade are currently securing a huge premium over those adopting a round-voyage approach, DNB says.
- Rena million on hold
An NZD 1m ($833,000) gift to the people of Tauranga from the charterer of the wrecked Rena is on hold.
- Cosco pain to go on
Cosco Corp (Singapore) could emerge stronger from the shipping downturn but may well have to suffer more first, an analyst has said.
- Grimaldi's giant grab
TradeWinds digests the digits making the headlines this week.
- ITF boards Julia
ITF union representatives have boarded a Dutch cargoship in Ireland in pursuit of wage arrears.
- Ko: Korea staying No 1
Daewoo Shipbuilding & Marine Engineering chief Ko Jae-Ho believes Korea will remain the world's biggest vessel producer as rivals struggle.
- Crew wants Spanish trial
A group of Bulgarian seafarers arrested in Spain in a drugs bust have protested their innocence.
- HHI eyes subsea deal
Hyundai Heavy Industries (HHI) of Korea has drawn up a list of potential subsea takeover targets.
- Ocean Rig prices notes
George Economou-controlled Ocean Rig UDW has set a coupon of 6.5% for its $800m bond issue set to be issued next week.
- Swiber eyes perp bond
Swiber Offshore has become the latest offshore vessel company to issue a perpetual bond to fund its expansion.
- Samsung wins Statoil job
Samsung Heavy Industries has landed a $230m contract to build a floating storage unit (FSU) for Norwegian oil giant Statoil.
|SEPTEMBER 14, 2012|
- CORRECTION: MSC adds Haifa to Asia-U.S. East Coast service
A news report in today's AS Daily incorrectly presented the vessel rotation for Mediterranean Shipping Co.'s Asia-U.S. East Coast service that now includes Haifa. The service rotation is Ningbo, Shanghai, Chiwan, Yantian, Singapore, Haifa, New York, Norfolk, Baltimore, Savannah, Charleston, Freeport, Norfolk, Haifa, Colombo, Singapore, Chiwan, Hong Kong, and Ningbo.
- SE ports achieve double-digit box growth
The Port of Virginia gained bragging rights over its southeastern rivals, namely Charleston and Savannah, for August container business with a 24 percent jump in volume to 188,658 TEUs compared to the prior year.
- Study: Mobile fleet devices to double by 2015
More than 9 million GPS and wireless devices used to manage fleet vehicles, trailers, construction equipment and mobile workers will be in use by 2015, representing a $3 billion market, according to C.J. Driscoll & Associates.
- Muted growth forecast for 2012 clothing exports
World clothing export growth in 2012 is predicted to be even slower in volume terms than the 5 percent growth rate seen in 2011, according to a report in the latest issue of Global Apparel Markets.
- NAM picks new VP for trade
- Pacer expands distribution deal with Yamaha
- SDV buys majority stake in Getco
- SkyBitz pairs with TMW for enterprise mobility
- SEKO snags CEVA executive Bento
- U.S. maritime unions form alliance
- Navman expands mobile fleet tracking
- Henderson elected vice chairman of Halifax Port Authority
|SEPTEMBER 14, 2012|
- Global bunker prices rise across the week
Bunker prices rise across the week as crude nears the $100 per barrel level.
- Bunker prices end week higher
Demand was average on the US Gulf, according to a local trader.
- Copec Marine closed for holiday
The company will resume business on Thursday, September 20.
- Fujairah market closes on a firm note
But Durban prices subject to enquiry on the back of tight avails.
- Bunker prices firm in Rotterdam
Prices end week on high note with gains across northern Europe.
- Traders look to 'straight-run' Russian product
Asia markets considering alternatives to Venezuelan fuel oil.
- Push to reduce flash point limit shelved
Maersk official tells ICS conference why aligning flash point for distillates with automotive industry is no longer desirable.
- Arrested FAL ship on verge of sale
Bank prefers sale to public auction.
- Baltic refinery to focus on 2015 'ECA compliant' fuel
Production of 0.1% sulphur fuel will give plant 'competitive edge'.
- Industry facing 'paradigm change' on efficiency
High bunker price is driving change, says study.
- US state lifts threat of sales tax on bunkers
'New legislation will keep marine fuel industry alive and well in our state,'says PMSA.
- Bunker markets firming in Asian hubs on Friday
Supplies of marine fuels 'fine' at key Asian ports on Friday.
- Bunker players make arrests in Singapore
Ratanpur and CPC Crest vessels seized for unpaid bunker bills.
- Marine insurers get political
IUMI setting out to influence maritime decision makers.
- Poland-based firm develops LNG-fueled inland push tug
Design uses a pair of Mitsubishi engines converted from using diesel.
- Hawaiian investor eyes biofuel bunkering ops at Micronesia
The aim is to supply the US Navy fleet at Guam with biofuel.
- Taiwan orders 'lowest possible fuel consumption' engines
Two engines will be fitted to ropax vessel for 2014 delivery.
- Hyundai Heavy clinches $620 million drillship order
Drillship features Gusto P10000 design which allows vessel to use less fuel during operations, says HHI.
- Traders, risk managers pulling in 'two different directions'
Current operating environment fuels tension between traders and risk managers, says player.