|JUNE 20, 2012|
- UASC to increase Asia/Europe rates US$550/TEU and $1,010/FEU on July 1
- APM Terminals invests in 25pc share of Ningbo 2.8 million TEU terminal
- Yang Ming-OOCL China-India loop drops Mumbai, Pipava in favour of Mundra
- Wan Hai starts own Asia-Mexico/west coast of South America loop July 7
- Transpacific peak season surcharges hit spot rate using NVOCCs hardest
- Shippers mull contingency plans over possible US east coast port strike
- Ben Vree succeeds Martin Poulsen as chairman APM Terminals, Europe
- Prince Philippe of Belgium visits NYK with foreign and trade minister
- Doha port project costs to swell to US$8.24 billion as material costs soar
- Researchers say Australia's transport leasing market to see average growth
- HMM deploys Purfresh's reefer service to transport fruit and veg
- Oman Shipping ups anti-piracy measures, adds shipboard armed guards
- CEVA: China's logistics system accounts for 18pc of annual GDP costs
- Cargotec's technology and competence centre to open in Tampere, Finland
- Hong Kong posts 1.1pc rise in May air cargo, first uptick in 14 months
- Pearl River Delta air traffic meeting held in Macau June 18
- FedEx Freight to raise truck rates 6.8pc, warns of other hikes to come
- Guizhou province's Zunyi airport open to air traffic in July
- Neo Air Charter transports urgent giant track rollers, Frankfurt to Islamaba
|JUNE 19, 2012|
- ICS' comments on the EU's Consultation on State Aid Guidelines for Maritime Transport
- Korean shipbuilding industry hit by global slowdown
- SECC 2012 set to provide food for thought on July 13
- Shipping lines looking at reduced demand growth this year
- JNPT bags Performance Excellence Award 2012
- Port capacity target raised to 244 million tonnes in 2012-13: Vasan
- Royal Boskalis set to be awarded JN Port dredging project
- India lags behind in tackling increasing cargo theft
- SGE service makes maiden call at ICTT
- AIAI laments status quo in monetary policy review
- Fieo lauds raising of export credit refinancing limit for SMEs
|JUNE 19, 2012|
- Pegasus introducing first of two new international services this week
The Turkish carrier Pegasus Airlines is introducing two international routes this week. A six per week Istanbul Sabiha Gokcen - Tel Aviv (Israel) service is starting today (19 June...
- APM Terminals orders 26 cranes for Maasvlakte II
APM Terminals Rotterdam Maasvlakte II has selected 26 automated rail mounted gantry (ARMG) cranes and two rail cranes from the Austrian crane manufacturer Kuenz. The company said t...
- Schneider National/CSX agreement broadens intermodal services in northwestern Ohio
Schneider National Inc, a provider of truckload, intermodal and logistics services, has reached an agreement with CSX Transportation to broaden its services in northwestern Ohio (U...
- Kögel and Wabco extend partnership
The German trailer manufacturer Kögel and Wabco Holdings Inc, one of the leading global providers of technology and control systems for safety and efficiency in commercial vehicles...
- EALA presents award to Asstra
In its annual rating of Russia's logistics companies, the EuroAsian Logistics Association (EALA) presented the logistics service provider Asstra with the award in the category Logi...
- Euroway UK signed new contract hire requirements with Domino's
Euroway in the UK has just clinched a major two-year exclusive contract with Domino's Pizza Group plc for the supply of new and replacement vehicles for the latter's UK distributio...
- Europorte und Alstom sign railfreight partnership agreement
Europorte, the rail freight subsidiary of the Eurotunnel Group, and Alstom have signed a partnership agreement covering the maintenance of 17 Alstom manufactured Prima locomotives ...
- May traffic increase in Hong Kong due to goods to/from Southeast Asia
Cargo volumes at Hong Kong International airport (HKIA) grew by 1.1% to 333,000 t in May. This was the first positive year-on-year growth since March last year. The increase was pr...
- DB Schenker Rail Polska changes management board
DB Schenker Rail Polska has announced that Christian Schreyer, currently responsible for production and human resources, will become CEO of the company and successor to Hans-Georg ...
- No third runway at Munich airport
People living in Munich have voted against the development of a third runway at Germany's second-biggest airport, which is also one of the biggest in terms of cargo throughput. Aft...
- Hoyer's turnover overshoots the EUR 1 billion mark
Hoyer, an international transport and logistics service provider headquartered in Hamburg (Germany), reported that its 2011 turnover topped the EUR 1 billion mark for the first tim...
- FedEx completes acquisition of Opek in Poland
The US integrator FedEx Express has completed the acquisition of the Polish courier company Opek Sp. z o.o. (Opek) as the latest step in the company's growth strategy in Europe. Op...
- Mattel trusting Geodis in Marseille
Mattel, the world's largest toy products manufacturer, has awarded the French service provider Geodis the management of its logistics and distribution operations in southern Europe...
|JUNE 19, 2012|
- Monica Svenner is new MD of Damen Shiprepair Götaverken
- Farstad orders two more PSVs from STX Offshore
- Deltamarin enlisted for Titanic II project
- Rolls-Royce delivers thrusters for giant construction vessel
|JUNE 19, 2012|
- Seattle Port Commissioners meet with King County Council
- AAPA study reveals US seaports spending billions on improvements
- Port of Bellingham announces winners of GP Mill Site art contest
- ATA truck tonnage index falls during month of May
- First giant monolith completed for Panama Canal expansion project
|JUNE 19, 2012|
- Spain's struggling yards see a ray of hope
The closure of Union Naval Valencia is a blow to a sector that is already reeling, but Spanish shipbuilding still has reason for optimism
- LMA urges London market to limit funds exposed to the euro crisis
Brokers must collect premiums from countries that could exit the eurozone
- The greening of the yuan looks to overseas trading
New move towards offshore trading as direct exchange launches in Japan
- Second Paragon handysize newbuilding starts duties for Cargill
Two-year deal to generate $8.5m in revenues with charterer's option to extend at higher rate
- Experts say rig-related services could violate US sanctions
Lax enforcement thus far of Cisada is no marker for future
- BV is still classing Iran offshore rigs despite 'reluctant' country exit
EXCLUSIVE: French society claims to comply with Europe laws but is silent on US implications
- Louis sells 54-year-old Emerald for $5m
Group completes its second scrap sale at book value of the year
- Aframax rates head south as market looks north
Mediterranean set to lose its importance
- Koch emerges as American Phoenix charterer
EXCLUSIVE: New generation Jones Act product tanker set to debut this summer
- European Commission's ship recycling proposal under scrutiny
Debate in industry about whether further regulation on top of IMO convention will prompt EU owners to reflag
- Alaed heads back to Russia after insurance ban stops it delivering arms to Syria
Pulling P&I cover meant it could not stop en route
- Hansa Mare slashes its fleet
Ship management transfers see small boxships join Peter Döhle pool
- Gloomy German owners foresee insolvencies and mergers
Sentiment has worsened significantly over the last year, PwC survey finds
- APMT to tackle carriers' opposition to Virginia port bid
Hanjin and K Line oppose bid to operate Hampton Roads terminal
- A chance to shine
Why you should enter the Lloyd's List Global Awards
- AAPA survey reveals $46bn US port infrastructure spend
Private sector spend tops state investment
- China taps into cruiseship building
Beijing-based leisure service provider to invest $488m in what could be the first Chinese-made cruiseship
- Sub-panamaxes bring hope for boxship rates
Orders are minimal but emerging markets will return to growth this year
- Finland to source heavy fuel oil for desulphurisation project
Port of Hamina Kotka looking to supply up to 1.2m tons 0.1% sulphur fuel
- Maersk Line goes ahead with Asia-Europe peak-season surcharge
EXCLUSIVE: Danish line stands firm as rivals bide their time
- Pacific Basin posts $190m loss on ro-ro fleet
Dysfunctional European market smashes Hong Kong dry bulk specialist's diversification strategy
- Strong growth forecast for north European box ports
Ocean Shipping Consultants sees gateway demand growing 41%-59% over 2011-2020
- Regulator gives Philippines six more months to improve education standards
'Pass or fail' audit will take place at year-end or early 2013
- Pirates threaten east Africa offshore vessels
Slow, expensive tonnage becomes a target as security tightens elsewhere
- East African development could attract potential pirate targets
As security in the Horn of Africa tightens, pirates seek new pastures
- Summa cuts deal for controlling stake in Fesco
Russian trading and investment group is also in talks to buy 3.7% stake in the transport and logistics company from the EBRD
- STX OSV secures two PSV orders
Farstad Shipping deal boosts shipbuilder's second-quarter orderbook
- Navios Partners takes capesize from affiliate
Greece-based owner pays $67.5m for vessel tied into eight-year charter
- Mandiri takes BLT debt case to Jakarta court
Bank jostles to put itself first in the repayment queue
- A heavy responsibility
Weighing every box before loading can save lives
|JUNE 19, 2012|
- Crude's Asian feedstock future
THE naphtha-biased orientation of Asian crackers means the crude byproduct is likely to remain a major feedstock in the region, IHS Purvin & Gertz's Asia LPG seminar heard today
- Germany funds P+S Werften rescue
GERMAN authorities agreed today to provide up to €152.4M ($192.3M) in loan guarantees to rescue east German yard P+S Werften
- China boost for LPG trade
CHINA'S upcoming propane dehydrogenation plants will revive its LPG imports, IHS Purvin & Gertz's Asia LPG seminar heard today
- Indian owners end Iran oil liftings
SHIPPING Corp of India (SCI) and GE Shipping have stopped taking orders for July for carrying crude from Iran as European sanctions begin to take effect from 1 July
- TWIC relief for US mariners
THE OBAMA administration has eased the rules for renewing TWIC cards for US mariners and terminal workers
- Global LPG supply being ramped up
GLOBAL liquefied petroleum gas supply is being ramped-up, fuelled by ongoing natural gas production, IHS Purvin & Gertz's Asia LPG seminar heard today
- German owners expect shakeup
SENTIMENT among German shipowners and managers is going from bad to worse this year, with investments and hopes of a recovery pushed back further, according to a survey released in Hamburg today
- Alternative finance finds favour
ALTERNATIVE sources to bank financing have gained importance in shipping in the recent past and the trend is likely to gather momentum in the future, a shipping analyst says
- Subsea 7 wins $95M contract
SUBSEA 7, the London based seabed to surface engineering group that is listed in Oslo, says it has won a $95M contract involving an offshore development in the UK Central North Sea
- ReCAAP reports improvement
ONE incident of piracy and six armed robberies occurred in Asia last month, a "marked improvement" compared with the same period of 2010 and 2011, said the ReCAAP Information Sharing Centre in its just-published review covering May
- German coal imports to drop
IMPORTERS of steam and coking coal in Germany, Europe's largest economy, expect shipping volumes to decline this year
- Golar LNG votes to delist
AN EGM in Golar LNG, the listed company in the centre of John Fredriksen's LNG business, has approved the board's proposal to delist the shares in the company from Oslo Stock Exchange
|JUNE 19, 2012|
- Forum Participants Say Shippers Lack Understanding of Indexed Contracts
Long-term container-shipping contracts based on various freight indexes are gaining ground, but their progress is being slowed by a lack...
- European Shippers' Council Opposes Mandatory Container Weighing
The European Shippers' Council criticized a maritime industry proposal that containers be weighed before loading on ships as "a false...
- Port of Jacksonville to Handle Disney Merchandise Shipments
MOL's TraPac Container Terminal at the Port of Jacksonville is set to handle shipments of most of the merchandise imported...
- JOC Economist Lowers Forecast For Container Traffic
Sluggish economic growth, a weak jobs market and flagging consumer confidence have led Journal of Commerce Economist Mario O. Moreno...
- For-Hire Truck Tonnage Slips 0.7 Percent in May
For-hire truck tonnage fell 0.7 percent in May from April but grew at a slightly brisker pace on a year-over-year...
- Panama Canal Completes Building First Pacific Lock Section
The contracting group that is building the new set of locks at the Panama Canal completed the first monolith of...
- YRC Freight Cuts One Day Off Hundreds of Major Routes
YRC Freight said it has cut at least one day of delivery time on hundreds of its North American supply...
- FedEx Curbs Air Capacity, Expects Slower Global Demand
FedEx plans to retire older plans and take delivery of fewer new aircraft as the parcel giant expects global economic...
- London Heathrow Cargo Volume Drops 3.8 Percent
London Heathrow airport handled 3.8 percent less cargo in May than a year ago and is bracing for further declines...
- Insurer Withdraws Coverage for Ship Carrying Cargo to Syria
U.K. marine insurer Standard Club has withdrawn coverage for a Russian cargo vessel said to be transporting attack helicopters and...
- NVOs Pay the Price for Peak-Season Surcharges
Ocean carriers' failure to fully implement planned peak-season surcharges on the trans-Pacific trades in May has created a two-tier market,...
- Report: Long-Term Prospects for North Europe Container Trades Are Strong
Long-term prospects for the northern European container trades are "strong" despite short-term macro-economic uncertainty in the eurozone, according to a...
- Oman Air Posts Record Cargo Tonnage
Middle Eastern carrier Oman Air saw its cargo tonnage rise 33 percent in the first five months of 2012, on...
- Hapag-Lloyd to Hike Rates on Asia Services
Hapag-Lloyd plans to implement a new round of general rate increases on its East Asia services that will take effect...
|JUNE 19, 2012|
- South Carolina ports prepare for Panama Canal widening with 'aggressive' investment
South Carolina Ports Authority (SCPA) is gearing up for the 2014 widening of the Panama Canal (PC) after it announced that the 'most aggressive' investment plan ...
- AS&E to supply Abu Dhabi Customs with security equipment
Billerica (MA)-based American Science and Engineering (AS&E), a supplier of innovative X-ray detection solutions, is to provide Abu Dhabi Customs with two ...
- ICS criticises Chile's shipping reform stance
The Chilean Government is the latest to propose radical changes to its maritime regulatory environment and in so doing end anti-trust immunity to shipping conferences. ...
- Indian economy slowing
There is some evidence that the soar away success story of India's economy has hit a wall. Indeed, following the announcement last week of a nine-year low growth ...
- Manchester Ship Canal service improved
Peel Ports has improved its all water service between Liverpool and Manchester (UK). The barge has been replaced by a 160TEU coaster (M/V Monica, in photo), ...
- Dynamic coalition push proposal for weighing of all containers
A strong coalition of governments, industry and labour unions have co-sponsored a formal proposal that all loaded containers be weighed and certificated before ...
- Rena: salvors stood down
- G20: leaders urge eurozone action
Global leaders meeting at a G20 summit in the Mexican resort of Los Cabos, have urged the eurozone to 'take all necessary measures' to overcome its debt crisis ...
|JUNE 19, 2012|
- UMAR clears another hurdle
Norwegian securities regulators sign off on IPO hopeful's listing prospectus on the eve of Oslo book building drive.
- Matson lands endorsement
Alexander & Baldwin's New York-quoted containership spinoff met by lukewarm reception at Wells Fargo Securities.
- Capesize taste test
Wall Street agrees $67m acquisition will bolster bottom line at Navios Partners but some fear price tag was too high.
- Onassis VL up for grabs
Greek sources cool reports one of Olympic's two VLCCs has been offloaded but the for-sale board is still up.
- New Norway link plotted
Bergen tourist body wants to create company to resume ferry traffic to Newcastle in England.
- Universal nears Oslo float
Ronald Dal Bello in the driver's seat as Geden tanker spinoff fixes price range and debut date of $200m IPO.
- Major investor exits ICG
Investment firm sells its full 12.4% stake in Irish ferry group after bleeding red ink.
- Cargill contract for Paragon
New York-listed owner secures two-year deal for handysize newbuilding.
- Where now for Alaed?
No satellite data since Monday morning on Femco vessel now lacking insurance cover for alleged Syrian arms shipment.
- Orient Marine sells again
Japanese owner cashes in its second bulker of 2012 in $15m deal.
- YJZ in micro-finance sell off
Ren Yuanlin-led Chinese yard makes a 10% profit on business purchased just 10 months ago.
- Teekay eyes wind farm work
Shipowner uses investor day to promote idea of turning shuttle tankers into wind farm installation vessels.
|JUNE 19, 2012|
- Hapag/Hamburg switch Med-PNW call to Tacoma
Hapag-Lloyd plans to switch a call on its MPS service between the Mediterranean and the west coast of North America from Seattle to Tacoma, Wash. The German line operates the service alongside compatriot line Hamburg Sud.
- NYK increases second India loop 56%
The ocean carrier NYK has raised capacity on another of its weekly Asia to Indian west coast loops. This time it is its HLS service, on which it is increasing the size of the vessels to 2,742 TEUs.
- U.S. Xpress names Bowman sales VP
- Zebra expands marine terminal automation
- Pittsburgh port adds waterway Wi-Fi
- Summa takes controlling stake in FESCO
Russia's FESCO Transportation Group said Tuesday Industrial Investors Group and Summa Group have signed a sale-purchase agreement (SPA), under which Summa will take a controlling interest in Far Eastern Shipping PLC.
- Shipco starts Atlanta-Gothenburg LCL service
- Maritime groups press for container weighing
- Marseilles targets China volumes
- Obama invites Mexico to TPP talks
With Mexico joining the Trans-Pacific Partnership negotiations, it's expected to significantly expand the potential scope of the far-ranging agreement between nations in North America, South America, Asia, and Oceania.
- Washington Notebook: Michigan gets infrastructure handout from Canada
- Logimax enters warehouse cloud
|JUNE 19, 2012|
- Fujairah prices drop further
Average IFO prices down by $10 to $15 pmt.
- Prices fall sharply in European hubs
Double digit price falls seen in Rotterdam and Gibraltar.
- Fresh blow for biofuel prospects
Biofuels will continue to be 'far more expensive that petroleum-based products.'
- Bunkering in a Bureaucracy
Opportunities exist in maritime India, where a risk averse approach has avoided some of the excesses of the current credit and financial crises.
- Scrubber installed on one of world's largest cruise ships
'Small size and low weight got our attention,' says Royal Caribbean Cruises.
- Plans for Baltic desulphurisation plant
Unit could take 2% sulphur fuel oil and transform it to ECA compliant low sulphur bunker product.
- Bunker prices plunge across key Asian ports
Prices fall in line with weaker crude oil prices, traders say.
- Lower fuel prices to 'benefit' Carnival
Carnival's earnings per share to increase on lower bunker prices, says investment bank.
- Netherlands to 'accelerate' introduction of LNG bunkering
Groups collaborate under the 'National LNG Platform' to coordinate LNG initiatives.
- P&I club issues reminder on North American ECA
Vessels sailing within US waters covered by the ECA 'must comply' with the new requirements when they come into force on August 1, 2012.
- Bunker deliveries resume as typhoon leaves Hong Kong
Typhoon may affect bunker deliveries at other East Asian ports.
- Grindrod makes strategic acquisition
Acquires 75.5% stake in Botswana-based fuel logistics firm.