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| JUNE 19, 2012 |
- Asia-USWC rates up 12.5pc to $2,658/FEU, east coast up 8.6pc to $3,774/FEU
- Germany's JadeWeserPort in Wilhelmshaven to take on Rotterdam in boxes
- Latin America boosts China exports despite EU slump in demand
- SeaIntel: Reliability improves with Maersk, Hamburg Sud, APL on top
- Michael Kwok is appointed OOCL chief operations officer from July 1
- Carriers must focus on innovation, customer service: Marks & Sparks
- Anti-piracy satellite system launched with refined remote tracking
- Famous Pacific Shipping opens Colombo warehouse, document storage facility
- Big birds stay home, Airbus to deliver 100 shorter range planes to China
- MASkargo to pay US$6 million fine for price-fixing in Australia
- India to create Air Cargo Logistics Board to set infrastructure policy
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| JUNE 18, 2012 |
- BOFBA's AGM & get-together held
- HAMBURG SUD & partners reconfigure Asia-Mexico/West Coast South America service
- Hanjin links up with Grand Alliance on two transpacific services
- Marlink enhances service efficiency with VSAT C-band on iDirect
- Report raises fears for European shipping
- SAECS adds 8th ship
- WTSA may raise US-Asia dry cargo rates from July 1
- Port Pipavav takes proactive steps to plan for the monsoon
- Govt permits FDI from Pak
- RBI keeps repo rate, CRR unchanged
- Update your Data on Foreign Trade Policy, Customs Law & Exchange Control Regulations-Part-8
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| JUNE 18, 2012 |
- New IT system at Tilbury
Forth Ports has announced that Mumbai-based CMC will be its IT partner for the newly-acquired London Container Terminal (LCT). Forth Ports said LCT would handle in excess of 500,00...
- Bulgaria's Freight Services formally on privatization table
The Bulgarian government intends to complete the sale of BDZ Freight Services - the only profitable division of the state railways BDZ - this year, according to various newspapers ...
- FTA welcomed new Northern Ireland goods vehicle licensing legislation
The Freight Transport Association (FTA) welcomed the news that the goods vehicles licensing of operators transport bill has been passed by the Northern Ireland Assembly. The legisl...
- IRU calls for x-ray scanning certificate
The International Road Transport Union (IRU) has called for the development of an x-ray scanning certificate at the presentation of the results of a scientific study on x-ray scann...
- Sale of CP Carga announced
The Portuguese government has announced the sale of CP Carga, the railfreight division of the Portuguese railway. The privatisation is a condition of Portugal's bailout by th...
- Goodman opens new office in Hamburg
Goodman, an international logistics real estate provider, has reinforced its presence in northern Germany by opening a new branch office in the logistics metropolis Hamburg. The go...
- Trinity Mirror plc renews five year contract with Ceva
The SCM and logistics service provider Ceva Logistics has renewed a five year multi-million euro contract to provide delivery services for Trinity Mirror plc, one of the UK's large...
- Chronopost opens new logistics facility in South of France
Chronopost, the express unit of the French postal operator La Poste, has opened a new 750 sqm logistics facility in the Var area of the French Riviera. The new EUR 350,000 platform...
- Russia and Scandinavian countries to create new connections
Russia and Denmark, Norway and Sweden are developing a new bilateral agreement without restriction on cargo services. Russian authorities want approval to operate flights to Oslo,...
- Liege Airport receives airport carbon accreditation
Belgium's leading cargo airport at Liege has received level 1 airport carbon accreditation certification (ACA) for 2010. ACA is a certification programme with four levels, pioneere...
- MASkargo fined in Australia
The Federal Court of Australia made orders consistent with an agreement between Malaysia Airlines, MASkargo and the Australian competition and...
- BBL Group appoints new director for Ile de France
The French BBL Group appointed Stuart Spence as new director for the region Ile de France, effective 11 June 2012. Spence first spent 17 years working for Frans Maas (DSV) in Great...
- Andrea Hämmerle joins SBB board of directors
Member of parliament Andrea Hämmerle was elected to the Swiss national railway's board of directors at the company's recent annual general meeting. H'mmerle was the MP for canton G...
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| JUNE 18, 2012 |
- Great Lakes Towing continues fleet overhaul program
- BIW awarded $66.1 million Navy contract for DDG 51, FFG 7...
- Vigor Marine Portland wins $45.9 million Army contract
- Kings Point graduates 219 members of Class of 2012
- Senate trio secures six months reprieve for USCG icebreaker...
- BC Ferries reports red ink and falling traffic
- Coast Guard releases draft RFP for Offshore Patrol Cutter
- Nakilat takes over management of its LPG carriers, LNG ships to...
- Otto Marine wins Middle East charter for new Work Maintenance...
- Penguin International sets up Malaysian crewboat subsidiary
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| JUNE 18, 2012 |
- Port of Anacortes nets award for former Scott Mill cleanup project
- Ports America part owner of Yang Ming Kao Ming terminal
- Tank Truck Carrier group taps Schaupp as new chairman
- Matson Navigation reworks debt financing agreements
- Container Pooling Solutions expanding on West Coast
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| JUNE 18, 2012 |
- Making the Thames earn its keep
The jubilee flotilla proves that London can support more river freight, says PLA
- Thames cargo needs new investment
Reactivating old wharves will need resources and skills
- Shipowners, ports and unions call for all containers to be weighed
Proposal to IMO requires mandatory checks to stamp out misdeclarations
- Reduce CO2 emissions or count the cost
IMO presses on with market-based measures for shipping
- More efficient tonnage will shape future charter rates
More efficient tonnage will shape future charter rates and secondhand values
- Creditors pursue Allied Maritime through the Greek courts
EXCLUSIVE: Piraeus legal bid targets company president's personal assets
- Citibank takes $2bn tranche of SocGen shipping book
EXCLUSIVE: Banking sources point to 'surprisingly strong' price
- Ship recycling faces supply crunch
Conference addresses uncertainty about pricing, finance and regulation
- GL joins exodus from Iran
German class society follows Lloyd's Register and Bureau Veritas
- Ocean Rig scores trio of discoveries
George Economou-led driller finds gas and light oil off Africa
- Will Panama Canal expansion slash tanker sector costs?
Shipments from West Africa to the US west coast could be cheaper
- Panamax market to 'feel great pain' in 2013
Sector will be most oversupplied of all bulker classes, predicts Commodore Research
- Sanko Steamship in new Rule B threat
Ailing Japanese shipping line faces more legal troubles
- Schlüter and Högerle join Hansa Treuhand board
Seven of the KG house's funds restructured so far this year
- Buyer clique drives bulker prices down
Just three companies have bought three ships apiece so far this year
- Panama Canal expansion to enable 80% of LNG fleet to transit
Only 10% of fleet can pass through current locks
- Liverpool denies that turnaround calls broke state aid rules
MEP calls for level playing field in UK cruise industry
- Chinese breakers' bids on par with subcontinent prices
Scrap rates appear to have stabilised after falling $100 per ldt over the last month
- EU orders report on tanker security
Fears that vulnerable cargoes provide terrorist target
- Vale orders $600m of port equipment
Dalian Huarui products will be installed at Vale's Malaysian transhipment centre
- All at sea
It takes a long-term view to navigate the contradictory trends in shipping
- NYK inks ground-breaking deal to invest in LNG export project
Japan shipowner backs Australia's Wheatstone venture
- Go easy on Greece
EU leniency will make it easier for Greece's new government to form a coalition
- Hong Kong makes it easier for banks to offer yuan shipping loans
Monetary Authority rule change signals confidence in offshore market's liquidity
- Eagle Bulk extends its waiver again
Struggling company lands short reprieve
- Hyundai Heavy Industries secures $600m orders for oil and gas rigs
Three deals build on yard's strong offshore growth in May
- Spar Draco released in New Orleans after bunker bill is settled
Case highlights Allied Maritime's continuing troubles
- Ninety-hour weeks should not be the norm
IMO resolutions have yet to restore decent manning levels
- CSD orders bulker at its own shipyard
China Shipping Industrial (Jiangsu) to build the ship for non-discounted $28m
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| JUNE 18, 2012 |
- Greek owners smiling again after election
GREEK shipowners will today be welcoming the close win of the pro-bailout party New Democracy in national elections
- Owners sell to breakers despite 'dire numbers'
FALLING recycling prices are not deterring owners from pressing ahead with demolishing ageing ships, even as the market turns against cash buyers
- Silversea buys into Galapagos
MONACO'S Silversea Cruises confirmed today it has expanded its expedition fleet with the purchase of a Galapagos tourism company and its vessel, Galapagos Explorer II
- 'Underlying weakening' warned for box ships
OWNERS of chartered box ships are bracing themselves today for an early summer lull related to a drop in enquiry and tonnage availability
- Chinese crude sourcing lifts VLCC rates
VLCC EARNINGS will be supported in 1H2012 by China's growing practice of sourcing crude imports from farther afield, a tanker consultancy has predicted
- Dockwise holds 60% of Fairstar's shares
DOCKWISE said today it now controls about 60% of the shares and 40% of the bonds issued by Fairstar Heavy Transport
- Panamax pain predicted
PANAMAX bulker rates are likely to feel more pressure once the current South American grain season tapers off, US drybulk consultancy Commodore Research has warned
- NYK takes Wheatstone stake in Australia
NYK LINE, Japan's second-biggest shipowner, has formed a consortium with Mitsubishi Corp and Tokyo Electric Power to take a stake in Western Australia's Wheatstone LNG project
- Comarit lifeline revealed
THE CEO and chairman the debt-stricken Moroccan ferry company Comarit-Comanav has told employees that an investment fund is about to invest €40M ($50.57M) in the business
- Odfjell said to join LPG sector
BROKERS told Fairplay today Norway's Odfjell has reportedly entered the LPG sector by acquiring two ethylene carriers from Indonesia's Berlian Laju Tanker
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| JUNE 18, 2012 |
- South Carolina OKs $146.9 Million for Port Investments
The South Carolina State Ports Authority approved $146.9 million in capital spending during its fiscal year beginning July 1 and...
- Container Lines Want IMO to Require Weighing of Laden Containers
Container line, labor and terminal operator groups, along with the Danish, Dutch and U.S. governments, want the International Maritime Organization...
- Report: Forwarder Phoenix International Considering Sale
Forwarder Phoenix International could be the latest company to get swept into a recent whirl of merger and acquisition activity,...
- Shipowners Urge Chile to Keep Antitrust Immunity
The International Chamber of Shipping urged Chile to continue to allow ocean carriers to cooperate in rate-setting conferences and consortia....
- EU Regulators Investigate Deutsche Bahn
European Union trust busters are investigating whether Deutsche Bahn, Germany's state-owned railway, is discriminating against its private rivals in the...
- Concerns Over Freight Rate Slump Are Overstated, Analyst Says
Concerns over a slump in container freight rates are overstated because lines are desperate to avoid a rate war and...
- HKIA Sees First Growth in 14 Months
Freight volumes handled at Hong Kong International Airport in May saw year-over-year growth for the first time since March 2011....
- NLRB Targets ILWU at Portland
The National Labor Relations Board's regional director filed an unfair-labor-practices charge against the International Longshore and Warehouse Union, saying the...
- Economist Sees US Economy in Retreat
To Lakshman Achuthan, the question isn't whether the U.S. economy is sliding toward a new recession, but when one will...
- CREATE Untangles Chicago's Rail Freight Snarls
As a developer of warehouse and distribution space in the Chicago area, CenterPoint Properties knows firsthand why the Chicago Region...
- Carriers Strategize to Fill Empties Inland With Export Cargoes
When APL books an import load from Asia to an inland destination such as Chicago, Dallas or Kansas City, the...
- 100 Percent Scanning Mandate Gets Reprieve
U.S. importers are learning just how hard it is to kill federal regulation, even when the agency in charge of...
- Transport Bill Fate Tied to Elections
The results of the November elections likely will have more impact on the surface transport bill than the next five...
- Threat of Fractured Eurozone Threatens World Economy
The fate of the U.S. economy this year may depend less on world leaders gathering in Mexico this week to...
- Though Imports Fell in April, Growth Is Forecast for Year
U.S. containerized imports in April fell 2 percent from a year earlier as slowing economic expansion reduced demand for consumer...
- Commentary: Compromise Needed to Ease Port Labor Pains
Q: I've been reading about problems in negotiations between East and Gulf Coast port operators and the International Longshoremen's Association....
- Commentary: Liner Job Losses: As Real As It Gets
Many of us read with interest the financial results of ocean carriers and wonder, "Wow, how can they keep doing...
- Logistics, Like Economy, on Slow, Winding Road to Recovery, Report Finds
U.S. business logistics costs rose at a slower rate last year than in 2010, but remained well below their pre-recession...
- DP World Thinks Big in Its Investment Strategy
Don't look for DP World to build or buy new container terminals in the United States anytime soon. That's not...
- CG Railway Finds Right Fit in Short-Sea Shipping
Through all its fits and starts, perhaps no other North American intermodal service has been discounted quite like short-sea shipping...
- Gulf Ports' Growth Compass Points North-South
Strong growth in trade between the U.S. Gulf region and the Caribbean, Central and South America is more than making...
- Commentary: Customs, Importers in a Bind Over Bonds
A surety company that's a big player in the Customs bond market recently sent a notice reminding customs brokers that...
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| JUNE 18, 2012 |
- OOCL management shuffle
- Safmarine starts NOR drive
While the increase in perishable products transported by container has generally been good for ocean carriers, the one-directional nature of most reefer trades ...
- US and EAC sign new trade deal
The Arusha (Tanzania)-based East African Community (EAC) and the US Government have signed a new agreement that they hope will further boost trade and investment ...
- SCFI shows Middle East and ECSA strength
The latest weekly indices published by the Shanghai Containerized Freight Index (SCFI) reveal that spot rates are soaring on the Shanghai-Dubai and Shanghai-Santos ...
- Singapore regains ground on Shanghai
The Southeast Asia port of Singapore posted its best monthly container throughput numbers in over five years in May - hitting 2.79 million TEU, which is an 8.6% ...
- Fog clears for Maersk shippers
Maersk has announced that it is suspending its Qingdao fog surcharge which was launched on June 5, 2012 'until further notice'. The decision will be welcomed by ...
- Abidjan to get second container terminal
The Port Authority of Abidjan, Cote d'Ivoire, has opened its bidding process for the construction of a new container terminal in the country's largest port. The ...
- Greek 'yes' vote buys time for euro
The win by the pro-bailout New Democracy party in the re-run Greek elections yesterday has temporarily taken the heat off the embattled eurozone with stock markets ...
- Ireland posts third-largest EU surplus
The Republic of Ireland's export-led recovery appears to be working as it recorded the third-largest trading surplus in the European Union in April at EUR10.3 (USD13) ...
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| JUNE 18, 2012 |
- Navios pounces on cape
Jewel of Angeliki Frangou-led shipping clan sheds modern bulker in $67m transaction with New York-listed daughter.
- Chevron inks Samsung duo
US energy giant puts pen to paper on $200m pact to forge specialised suezmax tankers in South Korea, sources say.
- EGLE extends yet again
Lenders tighten leash as US-quoted bulker owner races to cure contentious covenants before repayment deadline.
- SwissMarine connects four
Owner and operator adds a fourth capesize bulker to its June period tally.
- GL ditches Iranian business
German class society follows LR and BV in halting dealings with sanctions-hit IRISL and NITC.
- Standard scraps Alaed cover
UK insurer ditches Russian operator Femco's fleet after allegations of Syrian arms shipment.
- Pac Basin admits defeat
Hong Kong-listed owner plans exit from ro-ro business following profit warning today.
- NITC has $1bn of cover
Iranian tanker owner says it can keep its crude fleet operational despite US and European sanctions.
- BSC set to order six
Bangladesh state owner lines up new tankers, boxships and bulkers through preferential Chinese government loans.
- Atlantic confirms splash
Norwegian vessel owner raises NOK 200m to put towards Statoil newbuildings.
- Don't overreact
RS Platou plays down fears the sparking up a couple of nuclear reactors in Japan will cool the hot LNG market.
- Greek bulker towed
Ikarian Moon's Giannis M brought to Gallipoli after breaking down off Dardenelles, Turkey.
- Focus now on sanctions
OPEC's choice to stick with present production levels means Iranian crackdown the most likely market mover, Gibsons says.
- Batista bags a billion
Brazilian magnate clinches $1.3bn of loans to build new shipyard in Acu.
- NYK to the rescue
Japanese shipping behemoth agrees to buy stake in Aussie LNG project to help out burdened Tokyo Electric Power.
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| JUNE 18, 2012 |
- FDA urges removal of South Korean shellfish
The agency urges the country's food distributors, retailers, and food service operators to remove from sale or service all fresh, frozen, canned, and processed oysters, clams, mussels, and whole and roe-on scallops imported from South Korea.
- WTO steel decision favors U.S.
The World Trade Organization on Friday ruled in favor of the United States in a dispute involving China's imposition of antidumping and countervailing duties on grain-oriented flat-rolled electrical steel (GOES) from the United States.
- READER'S COMMENT: CMA CGM, France's distinctive global line
- MOL mostly meets KPI targets in May
- CaroTrans opens Le Havre office
- Hanjin Logistics starts venture in Istanbul
Over the next five years, the logistics arm of Hanjin Shipping said it plans to expand its network aggressively in other regions, such as Central Asia, Africa and South America.
- Hanjin frets over proposed Virginia ports takeover
- DHL opens Mumbai life sciences warehouse
- Canada, Michigan advance new Detroit bridge plan
After years of planning and negotiation, the Canadian government and the state of Michigan on Friday announced they had agreed to collaborate on the construction of a new $950 million, six-lane bridge connecting Windsor, Ontario and Detroit.
- FMC reviews 28 OTI license applications
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| JUNE 18, 2012 |
- Emulsifier inventor promises huge emission reductions
Product allows mixing HFO with up to 50% seawater, creating emulsion fuel that virtually eliminates PM and reduces NOx, inventor tells Bunkerworld.
- Bunker prices falling in Fujairah
Prices firm in South Africa.
- IFO prices soften in Rotterdam
Mixed price movements in European ports.
- Supplies 'run dry' in Chittagong
Player claims that product has been 'improperly diverted' to other users.
- Reports of bunker spill in Algeciras
Gibraltar says offers of help have been refused.
- Estonian player sees profit and revenue fall
Shipping company posts loss against background of weak charter market and high bunker costs.
- Bunker prices falling in Singapore
Hong Kong deliveries could be affected by typhoon.
- MOL disposes two vessels with bunkers onboard
Vessels sent to breakers with bunkers onboard in attempt to cut losses amidst falling fuel prices and lack of cargoes, says GMS.
- South China fuel oil imports to remain stable in June
Fuel oil imports heading for the bonded bunker market.
- International sectors 'could learn' from IMO
Government support for IMO 'vital' and should be one of the main outcomes of the Rio+20 Summit, says ICS.
- 'Frustration' for VLCC owners even as bunker prices fall
Spot worldscale rates 'falling even faster' than bunker prices, says Gibson.
- Taiwanese shipping firm to return to profit in 2012
Outlook for containership sector improving as overcapacity eases and bunker costs fall.
- Europe's first hybrid retrofit offically launched
Rotterdam 'proud owner' of RT Adriaan, says the city's vice mayor.
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