|SEPTEMBER 18, 2012|
- Ningbo says it's decade's fastest growing big port with boxes up 780pc
- US, Canadian trustbusters probe CSAV in suspected car carrier cartel
- California extends marine fuel tax exemption, but taxes costly eco fuel
- US Maritime Administration drops cost study of costly double-hulling
- India exports decline for 4th month, August falls 9.7pc to US$22 billion
- Inchcape Shipping opens 10 offices in India to accommodate Hapag-Lloyd
- US intermodal August volume up 4.3pc, second best month on record
- US truckload spot market increases 1.1pc from July, 8.4pc year on year
- Tianjin to build 250 kilometres of expressways by 2015 to extend network
- Qingdao to build eight new logistics parks to make itself transit hub
- Jiangsu's total social logistics value increases 12pc in first half
- ICTSI Poland moves outsized wind farm components with 100-ton cranes
- IT gadget flood expected to increase air cargo rates 20pc as volume soars
- Night flight ban: Frankfurt August cargo off 4.1pc to 164,406 tonnes
- Saudi Airlines Cargo radiates flights to West Africa from Lagos hub
- UPS launches daily freighter flights between Moscow and Cologne-Bonn
|SEPTEMBER 17, 2012|
- Charleston port's box volume up 19 pc in Aug.
- Kerala to promote coastal shipping, will create 3,000 cr. fund
- MALA 2012 again sets the standard for recognising & celebrating excellence
- MSC's transhipment test call with mega box load at its Le Havre terminal
- NYK LNG carrier recognised for reporting seawater temperatures
- OOCL launches intra-Asia KTX5 service
- Reiner Allgeier takes charge as Managing Director of Schenker India
- Russia's GCS seeks to expand dry & liquid bulk transportation through ISO containers
- UAE ports' container volume growth to be above global average
- Cut import duty on tea, demand traders
- State govt plans int'l cruise terminal at Mumbai Port
- UK report sheds light on challenges in Asian port projects
- Maharashtra container transporters body hikes charges
- RBI keeps repo rate steady at 8 pc, cuts CRR to 4.5 pc
- MACCIA's ex-im training programme from Oct. 1-5
- P. C. Nambiar elected EPCES Chairman, A. K. Jain Vice-Chairman
|SEPTEMBER 17, 2012|
- Air Canada cancels Toronto-Memphis service
Air Canada is ending its service between the Canadian economic powerhouse Toronto and the world's second biggest air cargo hub Memphis TN (USA) today (17 September). Initially oper...
- NordStar extends service to China
The Russian carrier NordStar Airlines introduced its first international route (excluding CIS) yesterday (16 September). The link is a once weekly Krasnoyarsk - Beijing service. An...
- Rossyia to serve two new destinations in Uzbekistan
Starting today (17 September), St Petersburg (Russia)-based Rossiya Airlines is launching a new service to Uzbekistan. Navoi airport, the location of the largest air cargo ter...
- DHL makes increased use of rail transport
DHL, one of the leading providers of road freight services in Europe, is making increased use of rail transport for the transportation of containers to the loading terminals of sel...
- Fowler Welch modernising fleet
Fowler Welch, a UK- based logistics and distribution operator in the ambient and chilled sectors, has ordered 130 new MAN trucks, to modernise its fleet. The trucks will replace ar...
- Jan de Rijk Logistics appoints commercial director
Rinaldo Vels will assume his new role as commercial director of Jan de Rijk Logistics as of 17 September. Vels has been with Menzies World Cargo since 2006 and is currently v...
- RCL reports black figures for Q2/2012
Thailand-based Regional Container Lines (RCL) reported a net gain of THB 6 million in Q2/2012, versus a net loss of THB 478 million in the same quarter last year. The operating lo...
- CSX recognized for carbon disclosure commitment for third consecutive year
CSX Corporation, a transportation company based in Jacksonville FL (USA), earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index ...
- Slight increase in transport prices expected, despite lower freight volumes
The slow-down in Germany's economy is having an effect on transport markets. The assessment of the freight volumes for the coming six months by Transport Market Barometer experts a...
- Gazeley completes modern distribution centre for confectionary in Jena
After a mere five month construction period, Gazeley, a global logistics property developer and investor, has completed the construction of a new distribution ce...
- SDV acquires majority stake in Getco in Italy
The French logistics operator SDV has acquired an 80% stake in the Italian multimodal transport operator Getco, which was founded in 1977 and is headquartered in Milan. Getco is ma...
- Itella expands automated parcel terminal network
The Finnish postal operator Itella is adding 25 more automated parcel terminals to its network around Finland this month. The service provider is expanding its current network of 7...
- Fiege changes board
Fiege's board of management has prolonged the term of office of its member Stefan Kurrle for four years. At the same time, he was appointed spokesman of the management board. Hugo ...
|SEPTEMBER 17, 2012|
- Navy takes delivery of LPD 23
- Mat-Su Borough picks Marcon to market Susitna
- Korean shipbuilding giant enlists IBM for major IT revamp
- Aker orders PCTCs for bareboat charter to Autoliners
- Farstad takes delivery of PSV from STX OSV Vietnam
- Scott Ward joins Jensen New Orleans office
- Sembcorp Marine swoops on U.K.'s SLP Engineering
- Austal christens second JHSV
|SEPTEMBER 17, 2012|
- Maritime unions form Maritime Labor Alliance
- OOCL adding service expanding Intra-Asia menu
- PDX Advisory Committee sets meeting for Vancouver
- Port of Grays Harbor slates Satsop Business Park meetings
- Marcon brokers sale of supply boat, TOBY TIDE
|SEPTEMBER 17, 2012|
- Four tanker KG funds file for insolvency
Banks decline to provide funding for restructuring after charterer Sanko Steamship stopped payments and redelivered the vessels
- Secondhand panamax market set to weaken further
Offers fall below market expectations
- Between the Rock and a hard place
Gibraltar's lawyers see a steady flow of maritime disputes
- Seafarers suffer increased hardships as recession bites
The good news if your ship is arrested in Gibraltar is that its laws put crew claims first
- Ecdis raises concerns about costs of retrofits
Owners warned to avoid the cheapest players and choose makers with market pedigree
- IMO tells providers to publish updates to system software
Move addresses irregularities in the way systems display certain chart information
- Shipping must keep an open mind about advances in technology
But systems must be tested at sea, urges Krishnamurthi
- Expanding Neptune appoints Menzel as commercial director
Black Sea and North African car trades deliver record volumes to Greece-based carrier
- Dockwise extends debt option with shareholder
Fairstar difficulties in making newbuilding payments lead to extension of bridging loan
- Shell's ice-dodging drillship to resume Arctic work
Drilling strategy altered in face of floating ice and technical faults
- China Merchants fuels CMA CGM ports speculation
Companies meet in Hong Kong to discuss closer co-operation
- First modern capesize sale reported in over two months
Orient Vega sells for $36.7m, more than $1m below last done
- A messy break-up
Rongsheng faces lawsuits after failed Quanchai acquisition
- Swiber seeks to raise $65m via perpetual bond sale
Singapore-listed offshore player funds expansion drive
- Northern conquest
The race is on to secure an Arctic role
- Scrapping volume overtakes 2011 total
Bangladesh volumes rise 72% while Pakistan scrapping jumps 127%
- Cosco seeks to study Arctic shipping with Iceland
Chinese state giant vows to step up research efforts in region after record summer thaw in sea ice
- Slide in VLGC earnings prompts concern over protracted market slump
Orderbook now at 17 ships, with seven added so far this year
- Cargotec plans Asian float of marine arm
Separate listing of Cargotec Marine aims to accelerate growth
- Pirates kill people
It is wrong to dehumanise the violence that comes with attacks at sea
- LA and Long Beach still on different paths
Top US box hubs' monthly throughputs show contrasting trends
- Aker moves into commercial shipowning
Company orders Daewoo car carriers as it ponders IPO
- Key IUMI committees to focus on Costa Concordia and high-profile FPSO losses - FREE CONTENT
Cargo committee meets amid mounting competitive pressures as capacity builds
- Courage Marine buys stake in Singapore real estate firm
China's 'retreating weight' prompts bulk player to diversify
- Singapore box volume increases 4.5% in August
Container throughput continued moderate growth as oil shipments weaken
- Police investigate NYK bulker deaths
But Sage Sagittarius is allowed to leave Newcastle
|SEPTEMBER 17, 2012|
- SCF's operating profits slip by 53%
SOVCOMFLOT, Russia's government-owned Russian tanker group, has reported worsening financial conditions in the second quarter ending on 30 June
- Four Sanko-tied German tankers insolvent
FOUR German-owned crude tankers are insolvent today following default and early redelivery from their charterer, Sanko
- Cargotec confirms unit's listing
CARGOTEC'S board said today the Finnish maker of cargo handling equipment would seek a separate listing for its marine division
- Seoul cuts Iran crude to zero
SEOUL reportedly stopped buying crude from Iran in August after its refiners lost tanker insurance coverage
- Siem Shipping renews charter
SIEM SHIPPING, the London reefer owner previously known as Star Reefers, said today it has renewed a charter of four ships with fruit producer Fyffes
- Dockwise negotiates changed loan terms
DOCKWISE, the Dutch heavy-lift specialist acquiring compatriot rival Fairstar, said today it has negotiated a change in bridge loan terms with a major shareholder
- Swiber to issue $65M in paper
SINGAPORE'S Swiber Holdings said it will issue S$80M ($65M) in senior perpetual securities at 9.75% to fund vessel acquisitions
- Reeling Fortescue plans more selloffs
FORTESCUE Metals is expected this week to unveil more asset sales and resume trading after a 14% share price drop wiped $1.5Bn off its value as last week closed
- SMM buys UK offshore group
SEMBCORP Marine said today it has acquired the UK's SLP Engineering for about £2.5M ($4M)
|SEPTEMBER 17, 2012|
- Cargotec to List Marine Unit on Asian Stock Exchange
Cargotec, the Finnish cargo handling equipment manufacturer, today unveiled plans to list its marine unit on an Asian stock exchange...
- ProLogis' Rakowich Discusses Occupancy Rates in Warehouses, DCs (Video)
ProLogis's Co-Chief Executive Walter C. Rakowich says demand for industrial real estate is rising across the country, especially around...
- US Files WTO Case Against China Over Auto Subsidies
The Obama administration on Monday filed a case with the World Trade Organization against China accusing the country of using...
- UK to Charge Foreign Truckers for Road Usage
Foreign truckers will be charged up to £1,000 [$1,620] a year to use U.K. roads under new legislation aimed at...
- Hamburg Sud to Quit Chassis Business in PNW
Hamburg Sud will stop providing chassis as part of its service to the ports of Portland, Seattle and Tacoma on...
- CP Launches Faster Transcontinental Intermodal Services
Canadian Pacific Railway has launched intermodal services to Vancouver that will reduce one-day from the route connecting to Toronto and...
- Global Ports' Revenue, Profit Fall
Global Ports' revenues and profits declined in the first half of the year as lower traffic at its Estonian oil...
- ITF Pledges to Work With ILA, ILWU
The president of the International Transport Workers' Federation said his meeting with U.S. dockworker union leaders produced mutual pledges of...
- ILA, USMX to Resume Negotiations
Negotiators for the International Longshoremen's Association and United States Maritime Alliance are scheduled to meet Wednesday to resume stalled contract...
- Agility to Focus on Organic Growth in Asia
Agility Logistics will focus on organic growth to expand its Asia business and meet rapidly increasing demand, according to one...
- HKIA Saw Cargo Growth in August
Hong Kong International Airport saw cargo volumes increase in August on the back of strong trade to and from Japan...
- Dammam Port Congestion Causes Severe Delays
Singapore-based ocean carrier APL said it is struggling to move containers to and from the Port of Dammam, Saudi Arabia,...
- Exporters Gear Up for Russia's Trade Revolution
Let's hoist a glass of Stolichnaya to some of the top Fortune 500 industrial giants in a Russian mood these...
- Global 3PLs: Who, What and Where
A sputtering U.S. economy. Rising costs in China. The eurozone crisis. Shifting sourcing patterns. An ever-more-rigorous regulatory environment. When it...
- Developing the Supply Chain 25
In developing its Supply Chain 25, Gartner digs deep, analyzing each company as a unique entity on its own merits....
- Gartner Study Examines Successful Supply Chains
When it comes to developing a world-class supply chain, it's all about adapting and upgrading. That's one of the conclusions...
- Trimble, TMW Closing the Logistics Loop
The trucking industry is being rewired, thanks to rapid changes in technology, regulatory and competitive demands and acquisitions and investment....
- Trucking Sector Faces Uncertain Times
Since the end of the Great Recession, trucking industry revenue has outpaced the growth in the general economy, benefiting from...
- Inland Ports Taking Center Stage in Logistics
Michael P. Murphy is an industrial real estate man, but the chief development officer of CenterPoint Properties says his company...
- ILA, USMX Back at the Table
Federal mediation of International Longshoremen's Association contract talks has revived hope for a settlement or temporary extension to avert a...
- Playing Politics With Trade
Judging by the negative rhetoric from the presidential campaign trail, the fate of U.S. free trade is in dire straits....
- Commentary: Heading Off a Third-Party Risk
Q: We are a large importer of children's wear into the United States. My question is in regard to a...
- Container Shipping's Elusive Triple Crown
Mediterranean Shipping Co. came within 105,716 20-foot-equivalent units in imports from becoming the top carrier in all three segments of...
- Ship Lines Seeking Stability in an Unstable Market
The ocean container industry is holding its collective breath as carriers attempt to pull off the seemingly impossible feat of...
- APM Terminals Stakes Out Role in Russia
Some companies are already nibbling at the caviar of Russia's maritime sector in the wake of Moscow's accession to membership...
|SEPTEMBER 17, 2012|
- Kenya Government looks at fining importers
It appears as if the Kenyan Government is to take direct action on importers which fail to take delivery of their cargo from the country's ports in a timely manner. ...
- OOCL to launch North East Asia sling
OOCL has launched a new Intra-Asia service between China, Taiwan and Japan - following news that Japanese volumes are increasing again after the devastation of ...
- Docker unions unite to fight automation without negotiation
US and Australian docker unions have clubbed together to campaign against increased ports increasing automation without negotiating first with unions - a factor ...
- GPI shows why Maersk wants to be part of it
Global Ports Investments' (GPI) stellar half year results show why APM Terminals has recently acquired 25% of it, subject to regulatory approval. GPI's revenue ...
- China - Japan island spat to hurt trade
After thousands of Chinese took to the streets of 50 cities at the weekend to vent their anger at Japan in a sovereignty row over a group of islands and rocks in ...
- MSC provokes competition in Israel
MSC's Golden Gate pendulum service between Asia and the US East Coast via Suez is to include a direct call in Haifa both ways. Deploying a fleet of 13 vessels averaging ...
- Indian box traffic still rising despite eurozone crisis
According to provisional data released by the Indian Ports Association last week, the country's 12 state-owned major ports handled 2.5% more container ...
- HL/ISS expand Indian network
A strong increase in cargo liftings and a desire to improve its services to/from the interior of India, has led Hapag-Lloyd to raise its operating presence in the ...
|SEPTEMBER 17, 2012|
- Wanted: armed guards
A US contractor appears to be in the market for a security detail after securing a $1.5m transport deal backed by Military Sealift Command (MSC).
- Pistiolis issues grim forecast
A meaningful recovery in the tanker and bulker segments might not occur until 2014 or even later, according to the chief executive of Greek shipowner Top Ships.
- Sanko outcast fixed
SwissMarine appears to have taken on a Knightsbridge bulker cut loose by Sanko.
- DST inks 'eco' order
DST Shipping of Greece has inked a second newbuilding contract in the space of a month, this time for an eco-type panamax bulk carrier at Sasebo Heavy Industries of Japan.
- USCG crack down
Two bulkers and a containership have been cited by the US Coast Guard (USCG) for deficiencies related to oily water separating equipment, according to the agency's latest detention reports.
- Ultrapetrol warned
The Nasdaq exchange has warned South American shipowner Ultrapetrol over its low share price.
- SBM in the money
SBM Offshore has started reeling in earnings from one of its Floating Production Storage Offloading unit in Brazil.
- Privalov guilty
The fraud conviction of former Sovcomflot London chief Yuri Privalov has been confirmed in a Moscow court on Monday, but there is still no word on a sentence.
- Ferry overshoots
A Norwegian ferry has become lodged on the quayside at Tysnes.
- FOE bags $575m gig
Drilling arm of Fred Olsen empire lands three-year extension for semi-submersible rig.
- BBR eyes December IPO
Indonesian offshore shipowner Pelayaran Nasional Bina Buana Raya (BBR) expects to list in Jakarta in December.
- Maersk pins quiet period
Maersk Line will be out of the newbuilding market for two or three years, its CEO says.
- IUMI presses Paris MOU
Pressure for further disclosure of adverse information discovered as a result of the port state control inspections is to be applied by the International Union of Marine Insurance (IUMI).
- Ship total losses soar
Hull underwriters are facing a year of serious losses even if the Costa Concordia is excluded from the statistics as a quite exceptional loss.
- Apple sweetens exports
Apple's latest iPhone launch could provide a little relief for container lines battling the absence of a peak season rate rise.
- Oldie waves goodbye
A North Sea veteran platform supply vessel is waving goodbye to the spot market.
- Cargo vessel holed
A Norwegian cargoship has been pulled free from rocks by tugs off Norway.
- Pirates may be uncontrollable
Piracy off West Africa could spin out of control unless nations in the area work together to stamp out the threat, the IMB says.
- Listing cargoship adrift
The captain of a listing general cargoship is missing after crew evacuated the vessel off Taiwan.
- Mipo cut again
Trouble at its Vietnamese arm and sluggish demand for newbuildings has led Macquarie to cut its rating on Hyundai Mipo.
- Aker books a pair
Lars Solbakken-led Ocean Yield has put pen to paper on two car carrier newbuildings at Daewoo Shipbuilding & Marine Engineering
- Coming home
Offshore vessels are returning to the US Gulf of Mexico after the Deepwater Horizon disaster.
- Siem signs revised deal
Siem Shipping has signed revised period contracts for four of its ships.
- UOB upgrades offshore
UOBKayHian has upgraded Singapore's small-cap oil service sector to 'overweight' as the sinking US dollar drives oil prices higher.
- Fuchs quits P+S
Rudiger Fuchs, the troubleshooting boss brought in to save troubled German shipbuilder P+S Werften, has left the company.
- Bulker crewman lost
A crewman is feared drowned after going overboard from a Ceres bulker in the Netherlands.
- Crew on hunger strike
Essar Shipping tug crews have gone on hunger strike in India over pensions and other contractual issues.
- Demo passes 2011 total
Tonnage sent for scrap so far this year has exceeded that for the whole of 2011, latest data from Clarkson Research shows.
- Swiber prices note issue
Swiber Holdings is looking to raise up to SGD80m ($65m) from a perpetual bond, the company confirmed Monday.
- Ex-Sanko ships sold off
Nissen Shipping is said to have put two panamaxes formerly fixed to Sanko Steamship up for disposal.
|SEPTEMBER 17, 2012|
- U.S. Customs rolls out streamlined broker licensing
- Descartes, IATA to change air cargo messaging
- Liners say don't count on developed markets
Two of the world's top liner executives have in the past week acknowledged demand for liner carrier services on the major east-west trades may never return to the glory days of the mid-2000s.
- Mixed August fortunes for SoCal ports
Long Beach's total volume for August was 543,445 TEUs, while Los Angeles handled 706,669 TEUs over the same month.
- Hamburg Süd raising U.S. West Coast-Med rates
- McLeod, Spireon offer joint tracking
- Florida stevedore expands to Port Everglades
- Intelligrated continues expansion
- Hamburg Süd: new chassis rules in PNW
- K+N agrees to $28 million price-fixing penalty
- EPA raises biodiesel requirement
- Coyne, ANS hook up in North America
- CP speeds Vancouver trains to Chicago, Toronto
- Uniserve buys Portall for supply chain support
- Watch your step
- CORRECTION: ANL exempts some Oceania traffic from strike surcharge
- U.S. metro area exports increase 40%
The U.S. Commerce Department said 2011 merchandise exports from 367 U.S. metropolitan areas reached $1.31 trillion, with the same types of exports from non-metropolitan or rural areas totaling an additional $174.9 billion.
- India allows 51% FDI in retail
India granted permission to foreign multi-brand retailers to own up to a 51 percent stake in ventures in India, a move that could allow major global retailers like Walmart and Carrefour to open stores in the booming South Asian economy.
- U.S. promotes small business exports to Brazil
- Hong Kong starts low-sulfur incentive plan
|SEPTEMBER 17, 2012|
- Old ships 'will disappear faster than many think'
Owner suggests fuel price pressures will help global fleet meet energy efficiency standards.
- Markets lack direction in Mid-East and Africa
Limited MGO supplies in Durban.
- Softer pricing appears in north European ports
But Mediterranean bunker firm within a $10 margin.
- Opinions split on solutions for low sulphur future
Finnish shipowners still have doubts about scrubbers while Maersk thinks it could be 'a very interesting market' for ships that have them.
- CEO warns of bankruptcies
'No quick recovery for shipping sector.'
- Cosco steps up Arctic interest
Study to look at commercial opportunities of northeast passage.
- Regional authority imposes bunker levy
Money raised will be used to upgrade fuel storage tanks and bunker infrastructure.
- Brent up but fundamentals unchanged
Political and economic uncertainty is pushing up the price of oil.
- Murmansk suffers as trawlers refuel in Norway
Regulations 'forcing' Russian trawlers to operate out of foreign ports.
- Box volumes down at Singapore
Lower box volumes reflects impact of global slowdown.
- Bunker prices start week largely down at key Asian ports
'Powerful' typhoon at South Korea affecting bunkering operations at local ports, say traders.
- Hong Kong offers port subsidies for low sulphur switch
Incentive scheme will help reduce vessel emissions and improve air quality around port areas, says HK's environment secretary.
- More 'hybrid tugs' expected at European ports
Improvements in battery design make hybrid vessels 'more viable', says Bimco.
- Overcapacity call halt to Maersk investment plans
Plans to raise rates even as it seeks to maintain market share, says CEO.
- Firm orders shuttle tankers with LNG dual-fuel option
Vessel specification to 'exceed' any currently operating DP shuttle tanker, says AET.
- 'Powerful typhoon' disrupts South Korean bunkering ops
Typhoon made landfall in South Korea midday Monday.
- Fuel cost forms 'lion's share' of NYK's operating cost
Seeks to reduce bunker fuel consumption to improve profitability.