|APRIL 18, 2012|
- OOCL to increase rates US$500/TEU on Asia-Australia route from May 1
- Hong Kong up 7.1pc in March to 2 million TEU, Singapore rises 5.8pc
- Kuehne + Nagel 2011 net profit rises 12.2pc to record US$660 million
- Patriarch Maersk McKinney Moller at 98, leaving vast shipping empire
- USAC wins US$150 million loan facility to deploy nine 13,000-TEUers
- Zepol market intelligence finds US imports up 2.6pc in first quarter
- Ningbo-Zhoushan port's quarterly box volume soars 223pc to 89,357 TEU
- Hapag-Lloyd launches ADX service to link Adriatic ports with Egypt
- Malaysia's Northport orders four straddle carriers from Cargotec
- Russian Railways TransContainer, RZD Logistics start express unit trains
- Alataw Pass moves 3.98 million tonnes in the first two months
- State-owned China Railway Express promotes time-definite service
- Korean Air renews St Petersburg flights, adds Gatwick and Nairobi services
- Brussels airport quarterly cargo up, freighters lead with 4.3pc gain
- Oman Air heads into loss despite 28pc increase in freight revenue
|APRIL 18, 2012|
- BHP 2012 international conference
- Indian shipbuilding industry to touch 9,200 cr. value in 3 years
- J. M. Baxi wins MANSA's Champions Trophy cricket tournament
- AEPC to encourage exporters to tap non-traditional markets
- India becomes Iran's top oil buyer
- Govt awards 3 PPP projects worth ' 8,000 cr. in port sector
- MoS calls for revival of subsidy scheme for shipbuilders
- Empowered Committee, India Inc to discuss GST issues
- Exports surge beyond target; fail to check record deficit
- RBI cuts repo rate to 8 pc in monetary policy
- Zero import duty on sugar extended till June
- AILBIEA celebrates 11th anniversary
|APRIL 17, 2012|
- Bremerhaven car terminal continues upwards trend
The German car terminal operator BLG reported that it handled 520,000 vehicles in its auto terminal in Bremerhaven in Q1/2012, 7.2% more than in Q1/2011. In 2011, a total of 2.05 m...
- Australia: first stage of Port Botany rail upgrade completed
The upgrade and reconfiguration of the rail yard at Port Botany in Sidney has now been completed. It is part of an ambitious project which will transform the movement of freight ac...
- Switzerland: major railway projects on schedule in 2011
According to Switzerland's Federal Office of Transport (FOT), the country's major railway projects remained on schedule in 2011, as they did in preceding years. The deadline and co...
- Dunkirk: March results more promising
The port of Dunkirk (France) reported favourable results for March (up 2% compared to March 2011), following a somewhat weak February. March 2012 saw the volume of general cargo ri...
- 24plus tops seven million consignment mark again
The German general cargo alliance 24plus logistics network grew substantially in 2011, although the number of partners remained the same. For the first time since 2008, the allianc...
- TNT now deploying electric vehicles in Paris
Service provider TNT Express has started to deploy Peugeot electric vehicles in Paris. The company is trialling Renault Kangoo ZE vehicles with a range of up 130 km in the city. TN...
- Hamburg airport sees less cargo in centennial year of existence
Hamburg airport (Germany) reported that its centennial year 2011 was a financial success, resulting in a profit of EUR 49.2 million (2010: EUR 41.8 million). Airfreight development...
- Swissport Cargo launches mobile track and trace service
Air cargo handling provider Swissport International says it has become the first global independent handler to provide an advanced track-and-trace service for cargo customers and o...
- Lufthansa Cargo Charter extends sales reach in the USA
Almost a year ago Lufthansa Cargo Charter and Platinum Air Cargo signed a GSA deal, covering the US states of Texas, Louisiana and Oklahoma. Looking back onto a successful year th...
- Maersk Shipping's legendary leader dies
Maersk Mc-Kinney M'ller, the son of the Maersk shipping company's founder and the doyen of the world's largest shipping group, died yesterday at the age of 98. M'ller was at the he...
- Aramex founder to retire as CEO in 2012
Aramex chief executive Fadi Ghandour is set to retire by the end of 2012. Hussein Hachem, who has been CEO of Aramex in the Middle East and Africa regions, will assume the task of ...
- Kuehne + Nagel: margin pressure, cost increases and antitrust fine impact Q1 results
The giant logistics corporation Kuehne + Nagel reported that, despite further volume growth, its Q1/2012 results were unsatisfactory due to cost increases, lower margins in the fo...
- New director general for port of Paris
The French council of ministers has chosen Alexis Rouque to be the new director general of the inland port of Paris, with immediate effect. Rouque, who has been a consultant in the...
- J.B. Hunt reports record revenues and earnings in Q1/2012
J.B. Hunt Transport Services Inc has announced record Q1/2012 net earnings of USD 67.7 million (Q1/2011: USD 50 million). Total operating revenue for the current quarter was USD 1....
|APRIL 17, 2012|
- Cheniere gets FERC approval for Sabine Pass LNG export...
- Aker Solutions to provide Statoil with Cat B rig services
|APRIL 17, 2012|
- 2012 cruise season begins for Port Metro Vancouver
- Retirement bring changes to Hamburg Sud Executive Board
- Trucking association releases 2012 trucking trends publication
- OOCL making changes to Pacific Atlantic Express run
- Emerson buys Johnson Controls' Marine Container and Boiler business
|APRIL 17, 2012|
- Asian urbanisation will put
Class will need to interact at all points, says Lloyd's Register Asia's John Rowley
- China's challenge to class societies
Sector must think seriously about its engagement with nation
- Ruling gives 'real teeth' to London arbitrators
Long-running case upholds choice of English tribunal
- Melting Baltic Sea ice sees aframax spot rates soften
Warming European weather also keeps cross-Mediterranean voyage earnings flat
- Euronav posts $9m first-quarter loss
Tanker company calls for more consolidation and scrapping
- Energy insurance demand buoyant, says Swedish Club
Extra capacity in sharp contrast to hull market
- Shaking up China's banks
Change would reward the competitive, including shipping
- US gives go-ahead to Sabine Pass LNG exports
Decision a catalyst for other US export projects
- UK go-ahead for fracking threatens LNG shipments
Shale gas could fill 40 years' worth of UK demand
- Hamburg Süd brings in new blood with boardroom reshuffle
Annual results deliver cautious forecast
- Caribbean states 'unprepared' for major oil spill
Only half have contingency plans to cope with a major incident
- Panamax bulker rates 'up by the hour'
Baltic Exchange time charter average hits three-month high
- Public funding needs more discipline
National Ports Policy Statement requires ports to operate commercially
- Shipowners uncertain about the implications of YPF renationalisation
Knutsen and Teekay confirm period charters
- Guardcon's verbiage clouds security issues
Guns have no place on today's commercial vessels
- Skaugen hits black as Iran sanctions boost tonne-mile demand
Tehran trade ban erodes ethylene supply
- Binge to bust
From feast to famine, shipping needs to find a happy medium
- Rotterdam reports first quarter dip in throughput
Container volumes fall as weak eurozone erodes imports
- Singapore and Shanghai tie for top container port
First quarter sees southeast Asia hub outpace its Chinese rival
- Transatlantic strives to return to profit
Company says flagging out is not the only option as it seeks talks with unions
- Consolidation is critical to survival
No carrier can operate giant boxships alone, CMA CGM vice-president tells conference
- Hamburg Süd takes cautious view of liner industry's prospects
Some positive signals seen but there is also uncertainty, says Ottmar Gast
- Teekay LNG Partners unveils Norwegian bond issue
Daughter company intends raising $87m-$122m
- Eurotunnel bids to run Calais and Boulogne
Managing ports consistent with Eurotunnel's obligation to promote economic growth, says Jaques Gounon
- HNA Group punishes Grand China Logistics executives
Officials disciplined, demoted and docked but only two are sacked
- Rio Tinto's Australian iron ore port capacity stretched
Cyclones create widening gap between production volumes and shipments
- Aegean Baltic provides new loans with strings attached
Clients asked to maintain dollar deposits with lender
- States step in
Sovereign cover must be transparent and fairly priced
- Drewry and CargoSmart launch quarterly KPI report
Inland transport, dwell times and commercial performance to be reviewed
- Game on
Maersk had no choice but to chase market share
|APRIL 17, 2012|
- Scandlines hit by newbuilding delays
DELAYS in the construction of two ferry newbuildings at Germany's P+S Werften have forced Baltic Sea ferry operator Scandlines to rejig its peak season schedule
- Hamburg Süd sees flat rates
GERMAN container line Hamburg Süd is bracing itself for another difficult year with moderate volume growth and flat freight rates in its core trades
- Lauritzen plans 500-berth unit
Lauritzen Offshore is seeking a joint venture partner to place an order for a 500 berth accommodation unit, says Ib Hansen, head of Lauritzen Offshore
- CSSC yard reports modest profits
ONE of the two listed subsidiaries of China's state-owned shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) today announced modest profits for 2011
- Low speed market regains balance
THE low speed marine diesel engine market has staged a substantial rebalancing act in recent months, says Ole Grone, senior vice president for sales at MAN Diesel & Turbo in Copenhagen
- MPP vessel in sanctions row
A GERMAN multipurpose vessel has been pulled from a voyage to Syria by its owner/manager in the Eastern Mediterranean due to fears over a sanction breach
- Teekay drops down 13 tankers
TEEKAY Corp will sell seven crude tankers and six product carriers to subsidiary Teekay Tankers in a transformative deal for both NYSE-listed companies
|APRIL 17, 2012|
- CSX Posts Record Earnings
CSX boosted first quarter revenue 6 percent year-over-year to nearly $3 billion despite volume rising only 1 percent, exemplifying the...
- FMC Seeks Public Comments on NVO Service Agreement Changes
The Federal Maritime Commission is seeking public comment on possible changes to NVOCC service arrangements, which allow non-vessel-operating common carriers...
- Virginia Container Volume Up 4.4 Percent
The Port of Virginia handled 166,719 twenty-foot-equivalent units of containers in March, an increase of 4.4 percent from a year...
- Retailers Press USTR on Footwear Tariffs
The Retail Industry Leaders Association urged U.S. Trade Representative Ron Kirk to utilize the Trans-Pacific Partnership negotiations as a vehicle...
- Indexed Freight Contracts on the Rise
In the current volatile freight rate environment on the major east-west trade lanes, shippers and carriers are slowly beginning to...
- Containerized Exports Jumped 9.6 Percent in February
U.S. containerized exports in February rose 9.6 percent from a year earlier, driven by strong gains in paper and paperboard,...
- Rotterdam Box Traffic Slips 4 Percent
Rotterdam's container traffic declined 4 percent in the first quarter of 2012 from a year earlier to 2.8 million 20-foot...
- Hamburg Sud Revenue Climbed 7 Percent in 2011
Hamburg Sud's revenue grew 7 percent in 2011 from a year ago to $6.64 billion, driven mainly by a 9...
- Drewry, CargoSmart to Launch New Container Metrics
Drewry Research and CargoSmart are joining forces to publish a wider range of key performance indicators aimed at helping importers...
- Hapag-Lloyd to Raise East Asia Rates
Hapag-Lloyd will impose a new round of general rate increases on its East Asia services, starting May 15. The...
- CEVA Adds Intra-Asia LTL Services
Netherlands-based logistics provider CEVA is extending its Asian cross-border road freight services to include less-than-truckload services. The new...
- US Demand to Drive China Exports, Economist Forecasts
China's export sector has not turned recessionary and will recover later this year on the back of strong U.S. demand,...
|APRIL 17, 2012|
- Intermodal South America breaks one-day record
A record one-day attendance at the Sao Paulo, Brazil-hosted Intermodal South America fair and exhibition last week was also the scene of some lively debates and ...
- Sidler: forwarders' share to rise
- Global Liner Shipping Conference: bunker costs and rate volatility main challenges
Soaring bunker costs, increasing rate volatility and new environmental regulations are the main challenges for the container shipping industry - and crucial in ...
- MISC completes liner exit
Malaysian shipowner, MISC Bhd. has advanced its departure from liner trades by two months with the imminent termination of its last intra-Asia services, thus completing a ...
- Alliance forces Evergreen's hand towards ULCS behemoths
Despite Evergreen founder and chairman, Chang Yung-fa's oft-remarked reservations about the utility of mega containerships, the Taiwan carrier has made an about ...
- Bareli: no news?
- Schedule reliability continues to improve
Global ocean carrier schedule reliability improved from 78% in February to 79% in March based on containers arriving within a day of schedule, according to SeaIntel ...
- TT Club income depressed by 'catastrophic' incidents
The TT Club, a mutual insurer of transport equipment and logistics risk, has posted a substantial drop in profits for its 2011 fiscal year after what Charles Fenton, ...
|APRIL 17, 2012|
- NAT admits sagging values
Herbjorn Hansson-led listing tells US regulators 19 of its 20 ships aren't currently worth their carrying price.
- Euronav tanks on earnings
Belgian owner let down by tankers again, with TI-based VLCCs earning $24,000 per day in first quarter.
- Boskalis bags Ichthys deal
Dutch dredger scores $260m contract for work on giant Aussie LNG project.
- Debut cruise cut short
Newly refurbished Saga vessel hit by engine trouble in Spain during maiden voyage.
- NSCSA confirms bulk order
Saudi tanker owner branches out with order for five bulk carriers.
- Solstad enters Bibby charter
Oslo-listed company signs bareboat deal with Bibby Offshore with option to buy.
- Action over Ozge clash
Wife of missing trawler skipper files complaint in French court following alleged collision of boat with Turkish tanker.
- Skaugen inches back to black
Oslo-listed chemical tanker owner returns to positive territory despite Middle East uncertainty.
- CSC Phoenix heads for loss
Chinese owner says it was hurt by rising fuel price and low bulker rates in the first quarter.
- Time to buy Yangzijiang
Analyst says investors should get a slice of Chinese yard before its share price rebounds.
- Cosco eyeing state help?
Hong Kong-listed group denies decision has been made on whether to apply to Chinese finance ministry for $1.6bn cash injection.
- STX into Canada
Korean yard group to offer technical help to Seaspan Vancouver as it prepares for massive state orders.
- Chinese eye 3 Maj
Croatian government in talks with Jiangsu investment fund over disposal of loss-making yard.
- TGP turns to Oslo for funds
New York-listed company swells the ranks tapping Norwegian bond market.
|APRIL 17, 2012|
- CargoWise pushes into Canada
- FedEx negotiates for French express carrier
- Hamburg Süd calls 2011 'challenging year'
- Infor, Oak Barrel partner on supply chain
- U.S.-Colombia FTA takes effect May 15
- Drewry, CargoSmart partner on carrier KPIs
- Evergreen in for 'gigantic' ships
- Hijacked crewmen of Maersk Alabama file lawsuit
- Cathay expands India freighter network
- Singapore Air manages Scoot's cargo
|APRIL 17, 2012|
- Prices continue to fall across the board
Average demand and healthy avails in Hamburg.
- Obama in bid to crack down on oil market manipulation
Report suggests speculators trading in crude oil inflate oil prices by as much as 40%.
- Prices mixed in Middle East
Good bunker demand reported in Suez.
- O.W. Bunker launches Marine Lubricants Division
New division will be headquartered in Piraeus with further offices to open globally over the coming months.
- Repsol share price hit by YPF takeover
Spain threatens economic retaliation against Argentina.
- Commodity trader seeking $470 million credit facility
Major Swiss-based fuel oil trader said to have hired banks to help arrange a $470 million revolving credit facility.
- Evergreen to charter fuel efficient 'mega-ships'
Lower operating costs will 'significantly enhance Evergreen's competitiveness'.
- Asia bunker price drop prompts buying
Strong demand as prices soften.
- Saudi tanker firm posts 168% increase in Q1 profit
Implements slow steaming and route adjustments to curb the 23% increase in bunker costs, says CEO of NSCSA.
- Chinese bunker supplier's profit declines 47% in 2011
Andatee reports lower-than-expected profit on 'significant' decrease in demand in Q4.
- Environmental regulations spurring research, innovation
Design envelope 'pushed in every direction' amid greater demand for ship efficiency, says BIMCO's Watchkeeper.
- Tanker market 'yet' to make upward turn
High freight rates could provide incentive to activate additional tonnage by raising sailing speeds.
- LNG starts to challenge traditional bunker fuel in China
Local shipping group set to modify ships to use a hybrid of LNG and gasoil.