|MAY 18, 2012|
- Imports, exports up 14pc as LA's April box volume hits all time high
- Seaspan quarterly profit rises 1.4pc net to US$51 million, revenue up 25pc
- Evergreen Line joins Hanjin and UASC to launch new West Africa service
- Agility quarterly net profit slips 7.8pc despite 1pc increase in revenue
- CSCL launches 4,738-TEU Xin Qin Zhou from Qinzhou Bonded Port Area
- Chongqing port's four-month container throughput up 23pc to 241,000 TEU
- ICTSI Croatia signs deal with Shanghai's ZPMC for cranes and RTGs
- Nils Smedegaard Andersen back as CEO at AP Moller Maersk after heart surgery
- Kuehne + Nagel Japan granted medical device manufacturing licence
- Bunker association to teach bunkering to cargo officers in Singapore
- GAC Bunker Fuels opens web-based pricing platform with analytical tools
- DB Schenker Logistics JV with Khimji Ramdas starts operations in Oman
- Cathay Pacific and Dragonair April cargo drops 11pc to 124.531 tonnes
- 8 Chinese, 2 Indian airlines defy EU carbon tax, 1,200 carriers comply
- Cargo operations at Chennai airport resume as strike abandoned
|MAY 17, 2012|
- Enman & Associates now represents US Fab
- ABS to class latest Ensco drillship newbuild
- Sembawang Shipyard gets FSO upgrade and LNG ship life extension...
- Topaz Marine launches two Incat Crowther wind farm service...
- Marcon brokers sale of Crowley tug
|MAY 17, 2012|
- Port of Kalama celebrates vessel maiden voyage call
- TSA sets December deadline for passenger plane cargo screening
- Crowley works of charity honored during SUNY Maritime College event
- Evergreen joining other carriers in new West Africa service
- NYK takes delivery of new slurry vessel
|MAY 17, 2012|
- Clinton seeks Arctic role for the US
Secretary of State's talk of climate change belies quest for energy security
- Maersk's offshore business stays buoyant as other divisions sink
Danish group to invest more in oil as barrel price remains high
- Mid-range tonnage offers versatility
LNG carrier owners must order carefully to target future import growth
- Sound and fury but no clear result
German shipowners' lobbying fails to push through armed guard regulation
- A case with many twists and turns
Eighteen months on, trial of 10 suspected pirates continues in Hamburg
- d'Amico orders six handymaxes from Yangfan
Bank lending to fund $134m deal
- Indonesian miners call for coal export quota
Government still mulling export tax
- Gerry Wang forecast four more years of pain
Seaspan chief sees future supply and demand balance
- IMO plans international standards and guidelines for armed guards
PMSCs must not become institutionalised, says Sekimizu
- Petrochemical buyers switch to LPG as naphtha price soars
Shipping demand reflects cargoes' diverging fortunes
- BP orders four PSVs for North Sea
Region's fortunes revived by tax breaks
- Pacific supramax rates fall as nickel trade stalls
Ships may ballast towards more lucrative Atlantic
- Port Hedland expansion under threat
BHP Billiton reconsidering $80bn investment programme
- Antwerp port to operate Netherlands rail terminal
Hub at Geleen expected to begin operations within year
- Novoship case against ex-UK manager to continue despite move to strike
Sovcomflot-owned firm is seeking $160m in damages
- DP World rejects S&P corporate credit ratings
Assessment criteria were not 'appropriate', claims Dubai ports giant
- Japanese owners condemn Panama Canal toll hike
Japanese Shipowners' Association 'deeply disappointed' at last-minute proposal
- Tankers to benefit as Russia ramps up oil exports to Asia
Second pipeline proposed to pump oil to Kozmino for onward shipment
- Australian fund exits Port of Portland investment
Palisades Ports picks up 50% stake for $66m
- Hamburg steals a march on north range rivals
Port gains share in regional box traffic
- Do public shipping companies have any real equity left?
To recover, the industry needs smaller, more efficient players to emerge
- Port volumes rise in Los Angeles, fall in Long Beach
LA enjoyed best April on record, while Long Beach throughput declined 13%
- Olive branch
Vale is getting better at the game of winning hearts and minds
- Japanese bank freezes transactions with Iran
Move backs US court ruling on 1983 Beirut bombing not latest sanctions drive
- Wasting the wealth of nations
Indonesian export tax on minerals and coal will only hurt the country in the long run
- Using less fuel delivers triple benefit
Initiatives to cut emissions need targets to determine failure or success
- Vale in talks over access to China
Brazilian mining giant confirms meetings are taking place and says there is 'no antagonistic position' with China owners
- MPC Capital posts first-quarter loss
Affiliates' losses erode profitable operating business
- German shipbuilders renew call for political support
Yards struggle as flow of orders disappoints
|MAY 17, 2012|
- BLT garnishments ordered
A Connecticut judge has approved $55M in attachments targeting the assets of Indonesia's Berlian Laju Tanker, Fairplay has confirmed
- Liner punctuality climbs
BOX CARRIERS improved their punctuality to 72.3% in 1Q12 from 69.4% in 4Q11, a new survey said
- Guilty on the waterfront
FORMER docker Edward Aulisi has pleaded guilty to extorting Christmas 'tribute' payments from fellow longshoremen in New Jersey
- Talks reported in SCF suit
TALKS are taking place today between the parties involved in Sovcomflot's lawsuit against former chartering partner Yury Nikitin, Sovcomflot's UK spokesman told Fairplay today
- Shares in two STX units might be sold
STX CORP, the parent conglomerate behind several South Korean shipping companies, said today it might sell shares of its affiliates STX HI and STX Energy
- Seaspan tops forecast
NYSE-listed Seaspan Corp has posted better results than expected and firmed Chinese financing for its previously announced three newbuildings
- Rail work enables Chinese coal record
MONTH-long maintenance on China's coal-dedicated Datong-Qinhuangdao (Daqin) Railway has enabled a new monthly transport record
- Iran's product tankers feel 90% bite
PRODUCT tanker cargoes being exported from Iran have reportedly declined by nearly 90% in the past two weeks
- Essar returns to profits
ESSAR Shipping said it had net profits of 549.8M rupees ($11M) during its January-March quarter, reversing 6.7M in losses in that 2011 period
- STX Pan Ocean blames charter fleet
EXCESSIVE speculation on chartered-in ships resulted in STX Pan Ocean's record losses of $103.9M for 1Q12, said the company, whose shares took a beating
- MISC to sell Aframaxes
MALAYSIAN energy shipper MISC plans to shrink its Aframax fleet and invest in bigger tankers to boost its profitability this year, analysts said
- A tale of two ports
BIGGER box lines and steadier business accounted for at least part of the sharp disparity in port volume between Los Angeles and Long Beach in April
- Iron-sand slurry contract to NZ starts
NYK LINE said today it is beginning a 15-year contract with New Zealand Steel Mining with the delivery of what it calls the world's first ship dedicated to transporting iron-sand slurry
- Location location location for Capesizes
CAPESIZE bulker owners can get good rates this week if their ships are in the right place at the right time, as the Atlantic market tightens, brokers said today
|MAY 17, 2012|
- Intermodal Volume Rises 3 Percent on Major US Rails
U.S. intermodal rail shipments in the week ending May 12 rose 3 percent year-over-year and was nearly flat from the...
- TSA to Begin 100 Percent Global Cargo Screening December
The Transportation Security Administration will begin screening all cargo arriving from international passenger flights in early December, a year after...
- Activist Investor Wrestles Control of CP From Management
William Ackman, an activist investor, won a resounding victory on Thursday in wrestling control of Canadian Pacific Railroad, as the...
- Container Shipping Profits to Bounce Back in Second Half, Analyst Says
Many container ship operators will report losses in the first half of 2012 before bouncing back later in the year,...
- Georgian Railway Seeks $250 Million From London IPO
Georgian Railway plans to raise around $250 million from an initial public offering of 25 percent of its shares in...
- HHLA Downgrades 2012 Revenue, Profit Forecast
HHLA has downgraded its revenue and earnings guidance for 2012 after the port of Hamburg's biggest stevedore posted a 22.6...
- Hamburg Box Traffic Grew 5.2 Percent in First Quarter
The port of Hamburg's container volume grew 5.2 percent in the first quarter, boosting its Northern Europe market share at...
- Japanese Economy Posts Relatively Strong Growth
The Japanese economy grew 1.0 percent in the January-March quarter from the preceding quarter, or at an annualized pace of...
- Maersk Adds Peak-Season Surcharges on India-US Trade
Maersk Line will apply a peak-season surcharge on shipments from India to the U.S. and Canada, starting June 15. ...
- Regulator: Zero-Emission Technologies Will Be Needed to Meet EPA Goals
The strategic plan for reducing pollution from drayage trucks in Los Angeles-Long Beach will involve the use of proven low-emission...
- Wireless 'Spectrum Crunch' Looms, Xata's Schenk Warns
Worried about driver and capacity shortages? Don't forget the "spectrum crunch." Within 18 months, the U.S. is likely to...
|MAY 17, 2012|
- K+N opens new LCL gateway in Shanghai
Kuehne + Nagel has opened a less-than-container load (LCL) gateway in Shanghai which significantly improves direct connections to Eastern Europe. Much ...
- LA/LB combined imports on the rise for April
The combined loaded imports into the US West Coast (USWC) ports of Los Angeles (LA) and Long Beach (LB) for the month of April were up by 2.6% year-on-year to 597,518TEU ...
- Idle box fleet falls ahead of peak season
According to the latest survey data produced by Lloyd's List Intelligence [LLI] the number of inactive boxships had fallen to 251 for the equivalent of 410,000 ...
- Antwerp Port Authority takes stake in Netherlands rail terminal
Antwerp's Port Authority has joined an investment consortium to build a new rail terminal at the Chemelot site in Geleen (Netherlands). Its two other shareholders ...
- Tideworks concludes TOS with Vale NC
Seattle-based Tideworks Technology, which is a leading provider of software solutions for managing and planning marine terminal activities, has signed a new contract ...
- New rail service between Rotterdam and Poland
Rotterdam-based ERS Railways has launched a new intermodal rail service between Rotterdam RSC and Poznan CLIP Terminal in Poland, next to the important E20 rail ...
- Kerry Logistics invests in its ISO tank services
Hong Kong-based Kerry Logistics is expanding and improving its ISO tank container services by opening a new depot in India and a factory in China for supplying ...
- Ocean carriers could do better
Drewry Maritime Research's new quarterly report entitled Carrier Performance Insight reveals that ocean carriers still have much to do to offer a good service to ...
- ASL withdraws anti-trust immunity exemption petition
South Africa's Association of Shipping Lines (ASL), which is now incorporated into the South African Association of Ship Operators and Agents(SAASOA) has withdrawn ...
- Hamburg on a high
Hamburg appears to have captured market share from its Benelux rivals in Q1 12. The German port's container traffic increased by 5.2% compared to the same period ...
|MAY 17, 2012|
- D'Amico joins 'eco' order race
Cesare d'Amico says design is a game-changer as banks flock to finance $267m worth of dry newbuilds inked at Chinese yard.
- Kentucky kicker
Dry researcher raises concerns about declining US coal production as NewLead Holdings gets cooking in the 'Bluegrass' state.
- Derivatives dent TGP
Financial losses push down first quarter profit at LNG arm of Teekay empire.
- GasLog falls after IPO
Peter Livanos-led company sees first quarter dip and expects earnings to stay flat until newbuild arrives in January.
- TOO takes flight
Teekay Offshore ready to ride the acquisition train while dishing out dividends following quarterly gain as liquidity tops $436m.
- Master snored as ship grounded
UK report reveals tale of drunkenness, violence and tears as Karin Schepers travelled for two hours with no one awake on bridge.
- Teekay back in black
Better rates and lower costs boost US-listed tanker and LNG carrier giant's bottom line.
- BP confirms PSV quartet
Oil giant admits to building four platform supply vessels at Hyundai Mipo for North Sea operations.
- Nikitin must stand trial again
UK judge rejects bid to boot out Novoship's allegations of bribery against Russian businessman.
- Officer just following orders
Mercator Lines bulker crewman tells US court captain ordered him to dump plastic pipes overboard as Gaurav Prem trial begins.
|MAY 17, 2012|
- Jade opens Dubai office
- Agentrics NeoGrid starts supply chain portal
- 3 lines start new West Africa service
Evergreen, Hanjin and United Arab Shipping Co. will launch a new West Africa service at the end of May. The service will provide a transhipment link to the Far East and Europe via Algeciras.
- IAG Cargo targets small freight
IAG, a business unit formed after the merger of British Airways World Cargo and Iberia Cargo, has begun testing a freight collection service in New York and Chicago supporting shipments of up to 200 kilos.
- PostNord gets approval for logistics takeover
The postal operator has been given approval by the Swedish Competition Authority to proceed with the acquisition of state-owned Green Cargo Logistics, which will include property and buildings.
- Long Beach expects boost from new services
The southern California port said Wednesday its terminals handled 461,911 TEUs in April, 13 percent fewer than the 531,090 TEUs in April 2011. But three new liner services promise boost in volume.
- Green, 5 directors resign from CP
- Exporters get jail for computer exports to Iran
- FMCSA parks Alabama trucker
- LeanLogistics starts TMS on-demand for NetSuite
- Container volume up in Charleston
- Long Beach approves Desmond Bridge contractor
- Amerijet freighters reach southern Brazil
- Global Container Terminals picks new CFO
- U.S. grant to help Pakistan train operation
|MAY 17, 2012|
- US crude oil inventories still at 22-year high
Traders nevertheless expecting crude oil prices to bounce back after being 'tremendously oversold'.
- Vessels collide during refueling exercise in California
'No one was injured, there was no fuel spilled and the ships' fuel tanks and systems were not compromised.'
- IFO prices soften in Fujairah
Middle East markets show little movement.
- Gothenburg oil harbour renamed to reflect renewable fuel trend
'Now that both liquefied natural gas and biogas will be handled at the port in the near future, the change of name is entirely in keeping with the times.'
- Mediterranean prices lack direction
North Europoean markets closed for public holiday
- Japanese bunker volumes up month-on-month
Sales stronger than anticipated.
- Fuel oil cargoes face rail restrictions
Russian refinery says 'heavy oil shipments' have dropped by 50%.
- New oil storage project for Fujairah
Sinopec and Concord Energy to build 1.125 million cubic metres of new capacity.
- Maersk says fuel costs are 'a huge headache'
But container line says it has no plans to hedge its bunker purchases.
- Fuel oil stocks at four-week low
Singapore players say a fall in fixed-price levels stimulated demand.
- Chinese bunker supplier delays release of Q1 results
Requires additional time to present all necessary disclosures and finalise the report and financial statements, says Andatee.
- Price of IFOs mixed at major ports
Supplies of marine fuels fine at key Asian ports on Thursday.
- High bunker prices absorb firm spot rates in Q1
Recent strength in the suezmax tanker market 'a mere aberration' rather than a fundamental upward shift, says Drewry.
- Singapore-listed group narrowly in profit
Increase in bunkering activities not enough to offset lower shipbuilding revenue.
- 'Increasing signs' of rate undercutting
Failure to impose peak season surcharges could have 'significant negative ramifications'.
- Vessels to use 'energy efficient' diesel electric propulsion system
Wärtsila-designed vessels will feature optimal fuel consumption and flexibility in pipe laying operations.
- Trading firms lease fuel oil storage space in Singapore
Trafigura and Mercuria take over space left vacant by Westport, reports say.
- Aegean Q1 profit rises 50%
Focus on transacting with 'creditworthy counterparties' helps to improve margin although volumes sold fall.