|SEPTEMBER 19, 2012|
- Hong Kong August volume off 9.2pc to 1.9 million TEU, Singapore up 4.5pc
- OOCL to hike southeast Asia-Australia rate US$200/TEU on October 15
- Fujian-Taiwan direct sea cargo volume soars 54.6pc in first eight months
- Combined Los Angeles-Long Beach container volumes decline in August
- Evergreen's second quarter profit too small to wipe out first half loss
- Range of Asia-Europe/Red Sea rate increases coming in next two weeks
- Singapore's manufacturing sinks to August low after buoyant months
- Russian WTO status expected to boost already fast rising trade with China
- Panalpina offers Singapore to Prague, Budapest LCL, from Shanghai to Graz
- Forwarders may re-deploy as Shanghai numbers signal wider China slowdown
- St Lawrence Seaway August up 6.8pc on China, European coal and iron exports
- Shippers look to air cargo while shipping lines absorbed with slow-steaming
- World Flight Services signed as ground handles for TAP Portugal in US
- ICAO holds meeting to enhance security without losing speed or economy
|SEPTEMBER 18, 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 18, 2012|
- No segmented approach over Lake of Geneva
Switzerland's Federal Office of Civil Aviation (FOCA) has said that it is opposed to a segmented approach over the Lake of Geneva to the city's airport. According to FOCA, this app...
- US airports call for national aviation policy
The Airports Council International-North America (ACI-NA) board of directors has unanimously approved a resolution which calls upon the US government to create a national aviation ...
- Saudi Airlines Cargo to serve nine new destinations in West Africa
Saudi Airlines Cargo is to provide access to nine additional destinations in West Africa via its hub in Lagos (Nigeria). With a daily B747 freighter to Lagos and...
- Italy's Fedespedi reshuffled board
Piero Lazzeri has been re-elected president of Fedespedi, the Italian federation of the freight forwarding companies, for another three years. The board, re-elected at the general ...
- Jim Ethier from Bush Brothers elected to Kenco board of directors
Kenco, a provider of distribution and fulfilment, transportation services and intelligent information technology based in Tennessee (USA), announced that Jim Ethier has been electe...
- EVR Cargo's separation from Estonian Railways completed
A court in the Republic of Estonia recently endorsed the separation of Estonian Railways Ltd (EVR). As a result, its freight subsidiary AS EVR Cargo has become an independent compa...
- Joe Bento appointed chief sales officer for Seko Logistics
Seko Logistics, a provider of supply-chain solutions, as well as comprehensive transportation, logistics and IT solutions, has appointed Joe Bento to its executive management team ...
- Geodis Calberson expands infrastructure in UK
The parcel and logistics company Geodis Calberson, part of the French logistics operator SNCF Geodis, has recently expanded its infrastructure in the UK as part of a five-year exp...
- Ale and Roll-Lift: heavylift JV in Canada
The global heavylift and transportation providers Ale and Roll-Lift recently formed a joint venture called Ale Roll-Lift Canada, based in Edmonton, Alberta. The new venture will br...
- Sparks Commercial Services' first ATF lane in UK now open for business
The Renault Trucks dealer Sparks Commercial Services Ltd has opened its newly built VOSA-approved authorised testing facility (ATF) at its Portsmouth site. The new ATF test station...
- Volvo Trucks expanding in Russia
The Swedish company Volvo Trucks is investing SEK 783 million (EUR 91 million) in a new facility in Kaluga to expand its presence in the premium heavy trucks segment in Russia. Vol...
- DB Schenker Rail diverts 1,800 trains from the Alpine transit route
The German service provider DB Schenker Rail reported that the planned five-week total closure of the Brenner Pass railway for freight traffic to Italy did not cause any problems f...
- ICTSI Poland handles wind farm components
Baltic Container Terminal (BCT), the Polish subsidiary of International Container Terminal Services Inc (ICTSI), recently handled it...
|SEPTEMBER 18, 2012|
- Cummins reorganizes Commercial Marine Business
- Nichols Bros to build superstructure for second WSF ferry
- Ingalls wins CG 47 contract worth potential $468 million
- Gulf Island books liftboat contract
- Ezra adds to war chest
|SEPTEMBER 18, 2012|
- Vancouver, USA port board Oks Freight Access Project 7
- Jones Lang LaSalle paper predicts need for inland ports
- NYK bridge simulator nets Nippon Kaiji Kyokai certification
- Oregon Senate names Pearce to Port of Portland Commission
- Inchcape Shipping Services warns of Portuguese port woes
|SEPTEMBER 18, 2012|
- Proper regulation of UK pilotage is long overdue
A controversial bill gets its second reading next month
- Busy European spot market fails to lift aframax rates
Surplus tonnage outweighs effects of increased cargo demand
- When is a payment guarantee actually a demand bond?
When dealing with guarantees in shipbuilding projects, it is crucial to record intentions in the clearest possible language
- Q&A: Skuld Syndicate 1897 active underwriter Bernt Hellman
Most sectors of the insurance industry 'are fundamentally underpriced'
- The simple success of a Chinese ship lessor
Grown from scratch, Minsheng Financial Leasing has topped the shipping leasing market in China with an ambition to go overseas
- China's slowdown and the intra-Asia trades
Demand in the world's sturdiest trade lanes is changing as the regional giant's export growth slows
- Piracy activity picks up but vessels held halves in August
Tankers and bulk carriers still most at risk, shows Clarksons data
- Frontline quits Orion suezmax pool
Shock decision leaves Nordic American in full charge of venture
- Industry confidence dips back to all-time low
Moore Stephens reveals growing concern about overtonnaging and economic downturn
- Taking the fight to the pirates
We need a global response to tackle a diverse, evolving and widespread crime
- Exclusive: US complaint behind car carrier antitrust probe
Collusion between Japanese lines and customers alleged
- Boiling over
In troubled times, nations use trade as a weapon
- No rise in sight
Brokers say overcapacity will defeat rate increases
- Chevron takes two more Maran VLCCs
Builds on a relationship already encompassing eight tankers under bareboat
- Exclusive: Dosco confirms appetite for 10 VLCCs
Will the tanker market be flooded with Cosco ships built by Cosco yards?
- Growth in seaborne trade robust but not spread evenly in rebound
International Transport Forum report finds a two-speed recovery with developing nations faring better
- Hong Kong offers low-sulphur fuel incentive
Scheme extends 50% cut in port and light dues to ships burning cleaner bunkers
- OECD spells out link between jobs creation and cargo throughput
Detailed report comes as European Commission prepares for conference on unlocking growth
- Cosco Pacific volumes rise 8.4%
August sees the company's largest box throughput climb at Qingdao
- Global Ports shares are a buy, says research house
Rating is 'a bet on long-term structural growth in the domestic container segment'
- Cruiseship calls dropped over Muslim unrest
Operators give North Africa a miss after film protests
- Two Classic International vessels arrested in Marseilles
French reports cite unpaid bunker and salary bills
- Downside risk looms for container lines, Alphaliner warns
Weak late summer freight rates could hurl carriers back into the red
- Exclusive: Munich Re voices doubts over anti-piracy measures
Emerging problem off West Africa brings different challenges, says shipping expert
- Hong Kong box volumes drop 9.2%
August data highlights slowdown in China but continued growth in Singapore
- From Pussy Riot to Privalov
Sovcomflot has taken the unusual step of publicly calling for leniency for somebody guilty of ripping it off for a lot of money.
|SEPTEMBER 18, 2012|
- Fight brews over Ross bid
OPPOSITION has arisen to an offer by Wilbur Ross to buy an additional 34% stake in LPG operator Navigator Holdings from the Lehman Brothers bankruptcy estate
- French arrest cruise ships
TWO CRUISE ships and their crews were stranded today in Marseilles after having been arrested last week because of debts that are allegedly unpaid
- Liner earnings struggle seen stretching out
MANY BOX liners will be struggling for positive operating income this year, as freight rates continue to weaken since their Q2 spike, an analyst warned today
- Paragon plots reverse split
MICHAEL Bodouroglou-led Paragon Shipping is planning a 1-for-10 reverse stock split to save its NYSE listing, according to a recent SEC filing
- Greeks hold 120 held in people smuggling
GREEK authorities are today holding 120 people in connection with people smuggling attempts over the past week
- Bangladeshi breakers rebound to 206 ships
BREAKERS in Bangladesh have reportedly dismantled 206 ships in the first nine months of 2012, the highest number in the past two years of turmoil in the sector
- Gibson sees demand as tanker sector pivot
GROWTH is likely to slow again for both the crude and product tanker fleets up to the end of next year, EA Gibson has warned
- HPH Trust keeps its 'buy'
DBS GROUP Research is maintaining its 'buy' ratings for Singapore-listed Hutchison Port Holdings Trust, citing the group's positive August results
- SCF figure sentenced
A RUSSIAN judge has sentenced Yury Privalov, the former London manager of Sovcomflot, for an embezzlement conviction
- TBS founder Royce quits
TBS SHIPPING has confirmed that founder Joe Royce will resign as CEO, effective on 30 September
- More effort urged in pirate fight
THE ASIAN Shipowners Forum today called on various governments, particularly Benin and Nigeria in West Africa, to take "stronger action" both on shore and at sea to counter piracy and armed robbery
- Fortescue wins bank backing
FORTESCUE shares jumped to $3.68 today, adding $1.6Bm to the mining giant's value, after two world banks agreed to extend it a $4.5Bn credit lifeline
|SEPTEMBER 18, 2012|
- New York Port Hiring Agent Loses License
An administrative law judge has upheld the Waterfront Commission of New York Harbor's decision to revoke a Ports America hiring...
- Federal Regulators Close Steak-Hauling Trucker
Falsified driver logbooks raised red flags for federal agents conducting a compliance review of a Kansas City, Kan.-based steak-hauling operation...
- Nehru Port Scraps Fourth Terminal Bid
India's port privatization program suffered a serious blow Monday when the Jawaharlal Nehru Port Authority (Nhava Sheva), the country's largest...
- FedEx, UPS to Lift China's Domestic Market
Parcel shippers in China won't just get more domestic options through FedEx's and UPS's limited access in the market, but...
- 'K' Line Forbids Executives From Visiting China
"K" Line has stopped its executives from traveling to China as a precautionary measure as protests over a territorial dispute...
- Piraeus Container Hub Traffic Surges 53 Percent
Piraeus remained Cosco Pacific's top performing container hub in August as traffic surged 53 percent from a year ago and...
- Profit Soars 114 Percent at FedEx Freight
FedEx Freight increased revenue 5 percent from a year ago to $1.4 billion as shipments rose 4 percent in the...
- FedEx Lowers Profit Forecast
FedEx cut its fiscal year earnings forecast after more shippers chose slower service amid a slowing global economy, pulling down...
- Shipping Industry Confidence Falls
Overall confidence levels in all sectors of the shipping industry fell in the three months ended August 2012 to their...
- Charleston 'Best Value' for 50-Foot Depth, Exec Says
The Panama Canal expansion project scheduled for completion in 2015 will make it imperative that the Southeast has a container...
- DHL Invests in Sydney Facility
DHL is making a multi-million dollar investment in Australia to boost its forwarding capacity. An investment of AUD$45.8 million...
- Strikes Hit Portugal's Ports
Portuguese ports face a series of strikes through the second half of September, maritime services provider Inchcape Shipping Services reports....
- NJ ILA Local OKs Strike If No Deal Reached
An International Longshoremen's Association local in Bayonne, N.J., voted to authorize a strike and send pickets to other ports if...
- US Diesel Prices Stay Nearly Flat for Second Straight Week
The average cost of diesel in the U.S. stayed nearly flat for the second week in a row, rising three-hundredth...
|SEPTEMBER 18, 2012|
- Imports fall at LA/LB but transpac rates soar by over USD200
Both combined imports and exports at the ports of Los Angeles (LA) and Long Beach (LB) - seen as the barometer of the US economy- for August have dropped compared ...
- Portuguese ports hit by strike action as workers protest against austerity cuts
Inchcape Shipping Services (ISS) has warned customers to expect cargo delays in Portugal over the next two weeks. A series of strikes at all Portuguese ports is ...
- Chinese anti-Japanese protests hitting trade
An escalation of the row between Japan and China over the sovereignty of a group of small islands and rocks in the East China Sea has dented shares of multi-national ...
- CP redesigning intermodal services to boost US business
Rail provider Canadian Pacific (CP) is redesigning its intermodal services - beginning with the streamlining of its east-west transcontinental service, it has told ...
- Maersk leads the way on overweight containers
In what may prove to be a preview of much greater things to come, Maersk Line intends to start penalising shippers who misdeclare cargo weights in Trieste from ...
- AADA pens October rate increase
Members of the Asia Australia Discussion Agreement (AADA), which covers the trade between North and East Asia and Australia, are to implement a general rate rise ...
- Global supermarkets to ring the tills in India
The Indian government has finally pushed through a controversial plan to open its retail doors to supermarket chains such as Tesco, Wal-Mart and Carrefour to enable ...
- Textainer strengthens owned component of its fleet
Bermuda-headquartered Textainer Group Holdings has increased the owned percentage of its box pool by spending USD66 million on acquiring 52,000TEU from two owners ...
|SEPTEMBER 18, 2012|
- Tankers wait for Trainer
Crude carriers working the US Atlantic Coast (USAC) may see a spike in rates when refiners reactivate domestic facilities that had been sidelined due to slim margins, according to Simpson Spence & Young (SSY).
- Dosco closes in on mega deal
An ever-shrinking vessel count seems to have brought a massive Chinese-sponsored VLCC order closer to reality, brokers say.
- Metrostar grabs the mic
Greece's Metrostar has no immediate plans of seeking freight-index-linked employment for four containerships under construction at SPP Shipbuilding in South Korea, TradeWinds has learned.
- Daiichi plots more disposals
Ailing Japanese operator Daiichi Chuo Kisen intends to continue selling assets in a bid to restore cash reserves and its financial health, the company told TradeWinds Tuesday.
- Gulf Island inks liftboat
Gulf Island Fabrication has agreed a repeat order for a liftboat for a neighbouring customer.
- Klein: more failures
Blue Star group boss Hermann Klein is predicting German shipping bankruptcies as rates stay low for the next 18 to 30 months.
- GLDD hits home run
Great Lakes Dredge & Dock of the US has secured a $24.2m contract to perform maintenance dredging in the Port of Baltimore.
- Rena fund launched
Greece's Costamare and the Swedish Club have established a compensation fund worth up to $27m to pay claims arising from the Rena disaster off New Zealand.
- All yours, Herbjorn
John Fredriksen's Frontline has pulled the plug on a pool partnership with Nordic American Tankers after less than one year.
- Missing from mega-ship
A major search and rescue effort was launched off the US after a female passenger disappeared from a Royal Caribbean's mega-ship.
- Veteran duo held
Two Classic International Cruises (CIC) vessels have been detained in Marseille over unpaid bills.
- Ezra sells perps
Ezra Holdings is about to become the latest offshore outfit in the Lion City to sell perpetual bonds on the Singapore stock exchange.
- Oz cut clouds dry
New figures out of Australia have delivered a further piece of bad news for bulker owners.
- Master dies in sinking
The captain of a Boluda-managed tug has been killed after the vessel capsized at Veracruz, Mexico.
- Star bash under scrutiny
Bermuda is to investigate how an NCL cruiseship broke free of its moorings during a "squall".
- Rangers join the fight
Life is about to get a dash tougher for Somali pirates with the news that an elite group of Irish troops is set to join the fight off east Africa.
- SCF backs Privalov appeal
Russian tanker owner Sovcomflot is standing by jailed ex-employee Yuri Privalov in his appeal against a jail sentence for defrauding the company.
- Nordlys: leak blamed
The fatal fire on the Hurtigruten ferry Nordlys was caused by a diesel leak, Norwegian accident investigators have found.
- Vinashin scraps panamax
Vinashin Ocean Shipping has scrapped one of its panamax bulkers which it bought close to the peak of the market.
- Giant merger delayed
JFE Holdings and IHI Corp have delayed the merger of their shipbuilding operations by a month as they wrangle with overseas regulations.
- Yuri Privalov jailed
Crooked ex-Sovcomflot London boss Yuri Privalov has been jailed for four and a half years in Russia for swindling the owner out of $67m.
- Cargoship death probed
UK police have begun an investigation into the unexplained death of a crewman on a German cargoship.
- Taizhou tallies bulkers
China's Taizhou Kouan shipyard has added to its bulker orderbook with a pair of panamaxes.
- Daiichi denies rumours
Daiichi Chuo Kisen is denying reports that it has entered the Japanese Alternative Dispute resolution system in response to pressure from creditors.
- Royce steps down at TBS
Joe Royce has confirmed that he is stepping down as chief executive of TBS Shipping, the tweendecker and bulker owner he founded.
- JP Morgan likes Ezion
JP Morgan has joined the Ezion bandwagon and published a bullish report on the offshore company.
- Hormuz mine warning
Commercial shipping has been warned to be vigilant in the Straits of Hormuz during a major naval exercise in the area.
- Subsea 7 eyes pair
Subsea 7 is said to be looking to order up to two pipelay vessel newbuildings in deals potentially worth $800m.
- STX seals scrap deal
STX Pan Ocean of South Korea appears to have put pen to paper on a deal to sell its oldest capesize bulker for scrap.
|SEPTEMBER 18, 2012|
- New president at Yang Ming (America)
Wenjin Lee has been named president of the Taiwan-based shipping line's North American operations. He was previously senior vice president of equipment management and intermodal at Yang Ming's office in Jersey City, N.J.
- Survey finds gathering gloom on waterfront
Moore Stephens said overtonnaging was uppermost in the minds of many of the people who took part in its survey, with one noting "the only glimmer of hope is that we are approaching the limit of shipyards' comfort zones."
- U.S. inbound container volume falls in August
- Koller named CEO of AMI
- Burns heads Kenco's materials handling
- Maggio leads Saddle Creek's business development
- U.S. Xpress starts Web-based education forum
- U.S. challenges Chinese auto part export subsidies
"Based on publicly available documents, 'export bases' made at least $1 billion in subsidies available to auto and auto-parts exporters in China during the years 2009 through 2011," the Office of the U.S. Trade Representative said.
- Washington Notebook: U.S., EU seek public input on coordinating regulations
- Navigil aims for intelligent track and trace
- TPP countries urged to abandon yarn forward rule
A group of U.S. apparel, textile, and footwear importers has called on TPP negotiators to eliminate out-of-date apparel trade rules to promote and sustain apparel value chains that employ millions of American workers.
- Marine insurance facing difficult times
- FDA bags contaminated Mexican mangoes
|SEPTEMBER 18, 2012|
- Softer prices in Fujairah
But Suez bucks regional trend with single digit rises.
- Bunker prices fall sharply in Rotterdam
Prices across all European grades plunge.
- Shipping companies need state aid to meet ECA costs
Baltic operator says 2015 regulations raise 'many unanswered questions'.
- Bunker price worries fading, says survey
Even though overall, industry outlook has turned negative.
- Two cruise ships arrested in France
Unpaid bunker bills provoked the action.
- Asian players report poor demand for first-half September
High prices a factor in persistently weak demand.
- Greek owner orders 'eco' bulker
Yard and owner have co-operated on design.
- Fuel leak 'caused' fatal fire
Norwegian cruise ship had faulty fuel pump and damaged fuel pipes.
- Cruise industry: Fuel is 'on our mind'
Fuel cost a consideration when cruise companies decide on locating vessels, says industry player.
- Bunker prices plunge at major Asian ports
Bunkering operations have resumed at South Korean ports.
- Port strike looms in US
Both sides in talks but outcome uncertain as election approaches.
- Patent issued for 'very useful' fuel oil additive
Additive allows 'unnecessary waste of oil resources', including bunker fuels.
- Groups invest $130 million in Fujairah storage terminal
New terminal set to boost oil storage capacity at the port.
- Typhoon hits bunker ops in Russian Far East
Bunker operations resume in South Korea.
- Waste heat recovery system for auxiliary engines unveiled
System offers bunker savings of about 100 mt per year, says Alfa Laval.
- Brightoil takes delivery of second VLCC
Blending facility onboard the Brightoil Gravity will minimise costs on shore, says company.