|JULY 19, 2012|
- CMA CGM cuts APL link, renews Far East-Red Sea Rex2 with Hanjin, Yang Ming
- Idle containership fleet increases in size as peak season hopes fade
- Deep sea tugs sent to quell blaze and retrieve abandoned MSC Flaminia
- First US-Cuba shipping service in 50 years with the 16-TEU Anna Cecilia
- Long Beach June volume breaks 2012 record, rising 3.5pc to 280,526 TEU
- Hong Kong exports increase 1.3pc while imports rise 0.7pc in May
- International Chamber of Shipping urges EU to allow ship-sharing consortia
- Chongqing's half-year cargo traffic up 18.8pc to 518 million tonnes
- Maersk launches its own in-house e-invoicing system called MyFinance
- Pearl River Delta's Humen first half box volume up 2,795pc to 362,000 TEU
- Tianjin Port Group to cooperate with Taiwan International Ports
- Singapore non-oil exports rise 6.8pc in June after 3.2pc May uptick
- Gujarat Pipavav Port raises funds to finance major expansion works
- Melbourne container volume increases 7.8pc to 2.58 million TEU in FY12
- Tons of Rena debris still need to be removed from wreckage site
- US authorities shift shipping lanes to save whales near San Francisco
- JN Port must increase box capacity to stay in world's top 30 box ports
- China's first half air cargo up 4.9pc to 28.7 billion tonnes per kilometre
- Boeing faces US$13.6 million FAA fines for tardy fuel tank retrofit manuals
- Troubled US planemakers, Hawker Beechcraft, team up with Chinese firms
|JULY 18, 2012|
- Container Trade Statistics shows volume slowing in May
- Drewry forecasts higher freight rates for carriers in 2012 & 2013
- Govt forms committee to scale up PPP mode in inland waterways sector
- Graduate high flyers welcomed to SRI's legal internship scheme
- H1 sees $ 6.1 bn invested in second-hand vessels
- FTA with EU to boost sagging textile exports
- Ennore Port gains from ban on dusty cargo handling at neighbouring Chennai Port
- H1 below par for global transport, logistics
- 4th round of India-Oz FTA talks likely in Aug.
- India has investment-friendly climate: Sharma
- INR turns sharply weak after firm start
- IMF cuts global growth forecast to 3.5 pc
- US fires fresh salvo at Iran with sanctions on tankers, front firms
|JULY 18, 2012|
- U.S. tanker American Phoenix commissioned by MOTC
- RFP issued for new Staten Island Ferry design
- Great Lakes Shipyard completes work on research vessel
- ClassNK says it will pull out of Iran
- French company acquires Boatracs
- AMT sues MARAD over stalled Title XI application
- HHI to sign $700 million contract for huge spar platform
|JULY 18, 2012|
- Maersk Line reaches deal to Continue Port of Seattle calls
- Department of Agriculture inks shipping container availability report
- CSX Corporation releases second quarter numbers
- Inchcape Shipping warns of increased labor woes in Brazil
- Change of command ceremony held for Coast Guard cutter MIDGETT
|JULY 18, 2012|
- Wartsila targets offshore and LNG as orders for other segments slide
Owners are increasingly focusing on greener vessels, driven by legislation, says chief executive
- Second explosion hits MSC Flaminia
Rescue operations hindered, with no obvious cause found for initial blast
- Shipping security firms return fire as UN experts criticise regulation gap
Private security body rejects damning report arguing regulation will not work without international support
- Dynacom lands $25,000 per day deal as VLCC spot market collapses
Brokers forecast rise in period deals which offer owners better returns
- Capital ratio concern for shipowners
Loans under threat as European Banking Authority considers making 9% coverage permanent for larger banks
- India to encourage refinancing of rupee loans in dollars
Shipping companies among those likely to take advantage
- Why shipping executives need a return to reality
Recent statements by some of the top bosses bear little resemblance to what is actually happening in the market
- Half-baked Alaska
The state's challenge to the North American ECA won't pass the durability test
- APT and Blackstone accuse Obama administration of bias against private equity
UPDATED: APT chief Rob Kurz tells Lloyd's List why he thinks the hold-up in a $340m Title XI application is politically motivated
- German approves draft law for onboard guards
Rules governing PMSCs unlikely to be implemented before July 2013
- Iranian sanctions leave chemical tankers unemployed
Asian owners charging 'whatever they want' to pick up pariah cargoes
- CSS unit issues profit warning
Shanghai-listed machinery maker says first-half profit down 80% on year
- Maersk Line signs mega-deal for seven post-panamaxes
Charters arranged with Greek owners Technomar and Embiricos for vessels being built at Hyundai's Samho yard
- Rising output from Australian miners fails to lift capesize rates
BHP Billiton defies analysts' expectations in second quarter of 2012
- Somalia's president shielded top pirate from arrest, says UN report
Monitoring group slams 'climate of impunity'enjoyed by pirate leaders
- Do box lines have the backbone to make rates stick?
Analysts divided over lines' resolve as load factors slip
- Scrapping is only answer for tankers
As newbuildings continue to enter service, tanker sector has no option but to remove existing vessels
- China Shipping Development issues profit warning
Chinese major unable to escape from overcapacity and expensive bunkers may have to resort to bond issue
- Going down in history
Fateful voyage of the Albion revealed in priceless manuscript of captain's letter sent to Lloyd's underwriters in 1810
- EU and US seaborne trade still below pre-crisis levels
Figures from the International Transport Forum show the overall picture is 'stagnant'
- New EU mission will complement Atalanta in fight against piracy
EUCAP Nestor will focus on maritime capacities of countries in Horn of Africa and training of Somali coast guard
- Asciano plans $358m Port Botany upgrade
Introduction of box-handling automation will 'decimate' workforce, says Maritime Union of Australia
- HHI eyes $1.1bn offshore deals
South Korean shipbuilding giant in final steps to win two platform orders
- Titan Petrochemicals reveals buyout offer from Chinese oil trader
Deal with Guangdong Zhenrong Energy would include provision to buy 11% stake from Warburg Pincus
- STX OSV secures PSV contract from Troms
Vessel to be delivered in 2014 to charter by Statoil
- Rongsheng seeks to extend deadline for Quanchai deal
China's top private yard reluctant to finalise buyout deal amid weak market conditions
|JULY 18, 2012|
- IACS chairman sets out priorities
THE new chairman of IACS, Tom Boardley, has set a top priority for the organisation that it focuses on developing harmonised common structural rules during his year in office
- APT cries foul over loan lag
BLACKSTONE-owned APT has filed suit against the US government, alleging that bias against private equity has stalled its loan guarantee application
- Somalia reportedly shielded pirate boss
A PIRATE kingpin was given a diplomatic protection by Somalia's president, a Reuters report alleged today
- Ferry sinks off Zanzibar
A FERRY carrying at least 250 people in Tanzania reportedly sank today near Zanzibar
- Nigeria mulls $5Bn fine in tanker-tied spill
NIGERIA might impose a $5Bn fine against Royal Dutch Shell in connection with a 2011 offshore oil spill, IHS World Markets Energy reported today.509773.timg
- Helvetia swallows maritime portfolio
GROUPAMA, one of France's largest marine insurers, said it is selling its maritime underwriting unit to Swiss insurer Helvetia Assurance
- Euronav runs up $20M in fresh losses
ANTWERP'S tanker operator Euronav said today it ran up another $20.2M in net losses in the first half of the year
- Chinese ship to join Russian Arctic flotilla
A CHINESE icebreaker will for the first time be joining a convoy of 10 Russian cargo ships in transiting westward through the northern Chukchi and Laptev seas
- Class NK also cuts out Iran
JAPANESE classification society Class NK confirmed to Fairplay today it will close its Tehran office
- Vehicle carrier order rise seen by bank
DNB NOR has told Fairplay that the bank expects more orders for vehicle carrier newbuildings as the supply-demand balance improves
- NCSP iron ore exports drop 49% in H1
IRON ORE exports fell 49% in this year's first half year on year for Novorossiysk Commercial Seaport Co.
- Crude palm oil prices seen ready for rally
CRUDE palm oil prices are headed for another rally as the El Nino effect and lower soybean production in the US exerts upward pressure on demand
- Panamaxes lose momentum
BROKERS cautioned today that rates for Panamax bulkers might be losing momentum
|JULY 18, 2012|
- NY-NJ Port Expedites Bayonne Bridge Project
The Bayonne Bridge will have enough clearance by the fall of 2015 to handle larger post-Panamax ships that will start...
- Maersk to Hike US-Oceania Rates in August
Maersk Line will boost rates on its services from the U.S. to all ports in Australia, New Zealand and the...
- Housing Starts Rise, But Permits Fall
U.S. housing starts in June rose at the fastest rate in almost four years, but permits for construction of new...
- Trans-Pacific Spot Rate Falls for Third Week
Average spot rates in the eastbound trans-Pacific trade lane fell 2.6 percent this week, down for the third week in...
- Maersk Renews Seattle Calls
The Port of Seattle got good news for a change on Tuesday when Maersk Line renewed its agreement to call...
- China-Africa Trade Booms
Sino-African trade is booming even as China's overall trade growth rates continue to slow because of weak domestic demand and...
- UASC Sets Asia-Europe Peak-Season Surcharge
United Arab Shipping Company has joined other major ocean carriers in announcing a peak-season surcharge on westbound cargo from Asia...
- Lidinsky Praises Container Availability Report
Federal Maritime Commission Chairman Richard A. Lidinsky Jr. praised ocean carriers and the Department of Agriculture for a new weekly...
|JULY 18, 2012|
- Confusion reigns in the liner industry
To an outsider business analyst looking in, the container liner industry must paint a very confused picture: even to an insider the view is distinctly murky. For ...
- Different fortunes for LB and LA ports in H1
The first half liftings of the US west Coast ports of Long Beach and Los Angeles vary widely - while the latter has seen increases in both inbound and outbound ...
- Dammam congestion free but slower
- Mombasa mobilised again
Action taken by the Kenya Ports Authority (KPA) this year has resulted in a major improvement in cargo-handling activity at the country's leading port Mombasa. ...
- Irish exports driving recovery
Exports from the Republic of Ireland increased by 7% in May, compared to the same month of 2011, to EUR7.52 (USD9.17) billion, with 58% going to EU counties [36% ...
- MSC Flaminia: superstructure and engine room 'unaffected'
- Chinese ports on the up for H1
Despite the downturn in the traditional markets of Europe and the US, China's ports are continuing to grow their liftings according to volume statistics for the ...
- Lome CT gears up
Terminal Investment Ltd (TIL), which is a company with close links to Geneva-based container shipping company MSC, has placed an order with Finland-based Konecranes ...
- Schedule reliability and container on-time delivery getting better
More containers were delivered on time in June compared to May despite schedule reliability remaining constant, according to INTTRA's and SeaIntel's first joint ...
|JULY 18, 2012|
- US secures Strait
- UDW poised to pop
- MSC Flaminia develops list
The firefighting tug Fairmount Expedition is fighting the blaze on the abandoned containership MSC Flaminia as well as undertaking boundary cooling to try to prevent the fire spreading.
- African ferry sinks
A Tanzanian ferry has sunk with 250 people on board near the island of Zanzibar.
- Nakilat cruising
Qatar Gas Transport Co (Nakilat) continues to report steady earnings during the year so far.
- Save the whales!
Ships are to be re-routed in San Francisco Bay to help cut down on whale fatalities.
- Livestock lag
An order for 10 livestock carriers at Sungdong in Korea has been delayed due to lack of a refund guarantee.
- Titan's White Knight
Titan Petrochamical looks to have been thrown a lifeline in its battle for survival after a major investor agreed to a cash injection.
- CSDC heads for loss
China Shipping Development Co (CSDC) has warned investors it is heading for a loss in the first six months of 2012.
- Supramaxes sold
Interest in second-hand supramaxes remains strong as another two sales were reported.
- Ultrabulk back for more
Ultrabulk has returned to Japan for more eco-friendly bulk carriers and has added additional vessels at Samjin Shipbuilding, its first at a Chinese shipyard.
- Rex rises again
French container line CMA CGM has resurrected its Asia to Red Sea loop without former partner APL.
- Wartsila profit falls
Finnish ship engine maker Wartsila has posted lower net earnings in the first half of 2012.
- No word on Bahrain
IM Skaugen is still none the wiser about its prospects of winning the tender for the Bahrain LNG import project.
- KDM wants $36m
Ukraine's KDM Shipping has said it wants to raise $36m for fleet expansion in its Polish IPO.
- APT takes on US
American Petroleum Tankers (APT) is suing the US government over alleged delays in a financing application.
- ClassNK quits Iran
Japan's ClassNK is the latest classification society to stop its Iranian dealings after US pressure.
- Nordea earnings down
Swedish bank Nordea's shipping profit has fallen in the second quarter as loan losses increased.
- CSSC fears profit plunge
Shipbuilder China CSSC Holdings has forecast a big drop in net earnings in the first half.
- Troms confirms STX OSV order
Singapore-listed shipbuilder STX OSV confirmed today that it has firmed up a newbuilding contract for a large platform supply vessel with Norway's Troms Offshore.
- Analyst sounds TI alarm
|JULY 18, 2012|
- Retail, railroads reflect tepid economy
- No merger of produce trade groups
The Produce Marketing Association and United Fresh Produce Association ended merger discussions Tuesday, citing unresolved differences in combining both their memberships and support staffs.
- CMA CGM redeploys in Asia-Red Sea trade
- Commentary: Making due in the South Pacific
Although Maersk has exited the Wallis and Futuna, and Vanuatu island trades, freight forwarders on the islands are confident that they will find ways through other carrier services to move containerized goods.
- COSCO, MSC raising Asia-Latin America rates
- Hong Kong air cargo shows 2Q lift
- Gypsy moth eggs found at Port of Tacoma
It's Asian gypsy moth season again and U.S. border officials are trying to prevent the pests from entering the United States, where they could pose significant danger to forests and crops.
- Intermodal, autos boost CSX, KCS earnings
- FMC reviews 14 OTI license applications
- MSC drops Charleston, Port Everglades on East Coast feeder
The service decreased its total roundtrip voyage time from 14 days to seven days, and removed one vessel. It now operates weekly with one 3,840-TEU ship in a rotation of Philadelphia, New York, Freeport (Bahamas) and Philadelphia.
|JULY 18, 2012|
- Fujairah prices moving in different directions
Overall price picture in the market remains uncertain.
- Market lacks direction across Europe
Congestion and limited enquiries add to sluggish market.
- Dan-Bunkering beefs up Shanghai office
Danish bunker company adds to its Shanghai operation.
- Wartsila posts weaker first half profit
Engine maker's results held back by depressed shipping markets.
- New emulsion fuel has promising production start
Ecomulsion Fuel Solutions says it hopes to reduce the processing cost of its alternative to conventional bunker fuel.
- Asian bunker fuel oil prices mostly lower
Price of 380 cSt in Singapore falls for the first time in over a week.
- Iran offers cover to any ship
Move to skirt round European ban on insuring vessels carrying Iranian oil.
- Wartsila Hamworthy inks scrubber deal
Set to provide four hybrid scrubber systems to two Royal Caribbean newbuild cruise vessels.
- Shipping remains weak spot for ship financier
Nordea making provision for more loan losses from shipping.
- Norwegian shipbuilder wins contract for LNG-powered vessel
Kleven Maritime chosen for its 'long experience and competence' in building LNG-powered vessels, says Remøy Shipping managing director.
- South China sees marginal increase in fuel oil imports
July imports relatively stable on tepid demand for bonded bunkers.
- Belgian tanker firm widens H1 losses
Challenge for tanker market 'still almost entirely' on the oversupply of available tonnage, it says.
- Titan receives proposal for $213 million capital injection
Proposed offer, however, subject to the adjournment and ultimate withdrawal of legal proceedings filed against it.