|SEPTEMBER 20, 2012|
- Maersk to unilaterally levy fines for overweight boxes from October 1
- China's anti-Japanese demonstrations damage trade flows on both sides
- US ports experience 0.3pc decline in import container volumes in August
- China's Golden Week holiday to close 20pc of Asia-Europe shipping capacity
- Hamburg Sud exits chassis business at Portland, Seattle and Tacoma ports
- Experts: Sea-rail intermodal to cement Chongqing's logistics hub status
- SITC starts Far East-south east Asian/Indonesia loop with 1,200-TEUers
- Mumbai's Nehru Port ends hope of rekindling Singapore 4th terminal deal
- Russia's Global Ports first half profit falls 12pc as sales shrink 1.5pc
- Cargotec plans to retain majority stake in its Asia-listed subsidiary
- UK trucking happy with countervailing tax on continental truckers
- India needs major upgrade at Hyderabad to create top class air cargo hub
- Singapore Payload Asia names IBS Software IT Provider of the Year
- Rising corporate star Stephen Koller moves to take helm of AMI as CEO
|SEPTEMBER 19, 2012|
- BTL hosts its 23rd Golf Masters
- CISF personnel to be deployed on Indian merchant vessels
- Cochin Shipyard to set up new repair facility
- GAC appointed Sarjak's liner agent in Chennai
- MOL issues Environmental & Social Report 2012
- MSC vessel facilitates record container movement at Le Havre
- Transpacific spot rates, Asia-USEC rates up
- Export Import Workshop's 28th batch from Oct. 20
- India asks Japan to remove non-tariff barriers
- JN Port terminates contract with PSA for fourth container terminal
- JNPT bags 'Indira Gandhi Rajbhasha Puraskar'
- L&T's Kattupalli port set to commence operations
- Portuguese ports hit by strike action as workers protest austerity cuts
- Security mock drill conducted at NMPT
|SEPTEMBER 19, 2012|
- Port of Vancouver hires new director of finance
The port of Vancouver (USA) welcomed Jeff Estuesta as director of finance and accounting on 1 August. Besides financial policies and planning, Estuesta also analyzes business opera...
- Etihad Cargo launches "Safeguard" valuable goods service
The freight division of the UAE flag carrier Etihad has unveiled a new and highly secure valuable goods service called "Safeguard". Designed to support the requirements o...
- US truckload driver turnover surges in Q2
The annualized turnover rate for linehaul truckload fleets of all sizes surged in Q2/2012. The turnover of large fleets broke the 100% barrier for the first time in more than four ...
- Four cargo projects approved by FAA airport improvement programme H1/2012
The US Federal Aviation Administration (FAA) approved AIP grants for four cargo projects: USD 660,708 for phase II of the apron construction (cargo apron) of Talladega municipal ai...
- Air China Cargo sending freighters to Amsterdam
Air China Cargo has started scheduled freighter flights to Amsterdam (Netherlands) for the first time. The inaugural Air China Cargo scheduled flight arrived one week ago, followin...
- CSX implements temporary plan for Curtis Bay loading
The US transport service provider CSX Transportation has implemented an interim plan to accommodate deliveries pending repairs to the Bayside coal pier, one of two piers at CSX's C...
- Wind turbines by rail - SNCF Geodis and Vestas initiate an industry shift
The global logistics provider SNCF Geodis and Vestas, the world's leading wind turbine manufacturer, have launched a new concept in the transportation for wind turbine blades. For ...
- DB Schenker-Joyau changes crew at the top
The German service provider DB Schenker has reorganized DB Schenker-Joyau, its road transport division in France. Philippe de Crécy - currently president of DB Schenker - became pr...
- Amsterdam Container Terminals to close down
Amsterdam Container Terminals (ACT) will terminate operations on 1 January 2013. After losing the contract with its main customer The Grand Alliance in early 2010, ACT has not succ...
- Hellmann UK strengthen road freight network in Scandinavia
Hellmann has announced an extension of its contract partnership with Itella Logistics in Finland. The new service will offer weekly departures to and from all of Hellmann UK's Brit...
- DB Schenker receives AEO certificate in Switzerland
Schenker Schweiz AG, the Swiss subsidiary of the German service provider DB Schenker, was granted the status of authorised economic operator (AEO) by Switzerland's Federal Customs ...
- DSV Air & Sea implements new contract with BT Retail
The British company BT Retail has awarded a three year ocean freight contract to DSV Air & Sea on the basis of its "innovation, whole life cost and ease of transition". The con...
- Post Nord buys Norwegian logistics company Harlem Transport
The Scandinavian postal service provider Post Nord has bought another logistics company to strengthen its presence in the Norwegian market. Post Nord, the parent company of Sweden'...
|SEPTEMBER 19, 2012|
- European sat nav systems move ahead
- BIW gets another $38.9 million for DDG 1000 work
- TUI Cruise newbuild to have ABB energy management package
- Otto Marine sells, charters back, work maintenance vessel
- Drydocks World completes another NDC jack-up project
- Longshoremen's strike could lead to more unrest
- Clay Maitland announces NAMEPA Award winners
- Vigor vies for OPC contract with Ulstein X-Bow design
- GL approves Goltens crankshaft repair process
|SEPTEMBER 19, 2012|
- ASCE report looks at failing US trade infrastructure
- Evergreen Line celebrates christening of L-type vessels
- Crowley Liner Services Group takes home Quest for Quality award
- Dredging work set to begin on Swinomish Navigation Channel
- Port of Seattle earns DOD honor for Guard, Reserve hiring program
|SEPTEMBER 19, 2012|
- Open letter to Stephen Hammond
All we ask is that you listen to industry concerns
- A traditional type of Tory
Introducing the UK's new shipping minister
- VLCC owners raise spot rates after spate of Chinese interest
Further chartering activity in week ahead to boost Middle East very large crude carriers spot market
- Shipping soars off the fiscal cliff
Industry an ideal fit for risk-positive investment, says macroeconomics guru
- VLCC sales will top 2011 total as struggling owners offload tonnage
A terrible third quarter will push owners to sell VLCCs
- Emerging market exposure boosts DP World's box prospects
Drewry Maritime Equity Research compares ports giant to its peers
- Brightoil charters out new VLCC for one year to avoid dire spot market
Rate of $20,000 per day proves the more attractive option for Chinese owner
- Rates haggling and extensions dominate box charter fixtures
Busy week does not signal stronger market, say brokers
- Mozambique's LNG export potential faces hurdles
The legacy of civil war destruction, a shortage of skilled labour and curbs on bringing in foreign workers must all be overcome before the gas can flow
- Exclusive: Owners must adjust to the 'old normal' and get back to the basics
With the good times long gone, shipping will not go back to the boom period of 2004-2008
- Omega Navigation Chapter 11 case drags on into autumn
Reorganisation and show-cause hearings rescheduled for October
- Police treat master's death as avoidable accident
UK police investigate fatal incident in general cargoship's hold
- Santos poised for $4.5bn expansion
Brazil's biggest port declares itself open for investment in infrastructure and port facilities
- Philippines closes another maritime school
Move follows EU criticisms about seafarer training standards
- Private equity owners value Scandlines at $1.8bn
Banks invited to prepare ferry operator for 2013 sale
- Feeling lucky?
Beware gloomy executive confidence surveys that create self-fulfilling prophecies
- Bank pulls plug on Classic International
Hundreds of unpaid seafarers stranded
- Comment: Final curtain for Classic?
One of the last of the remaining traditional cruise operators in Europe is under threat
- IUMI 2012: P&I clubs should invest in wreck removal equipment
Insurance market must share the pain as marine risk becomes ever more complex
- IUMI 2012: Over-reliance on sanctions clauses dangerous for insurer
Industry urged to turn its back on questionable business
- IUMI 2012: Insurance market takes centre stage in sanctions drama
Industry tangled in 'jungle' of restrictions on trade with Iran
- NewLead gets low stock price notice from Nasdaq
Owner has 180 days to boost price as it completes restructuring marathon
- Exclusive: Shipowners must prepare for a gradual rise in rates
There will always be overcapacity in the market, says Swiss Re's Townsend
- Ezra raises $122m in perpetual bonds
Singapore offshore contractor seeks to fortify balance sheet
|SEPTEMBER 19, 2012|
- China halves demand for iron ore
BHP BILLITON reportedly warned today that China has cut its iron ore demand in half
- Oz slashes $21Bn off export forecast
AUSTRALIA'S government was reported today to have slashed its fiscal-year revenue forecast for mining and energy exports by A$20Bn ($21Bn)
- All CIC ships out of action
ALL FIVE Classic International Cruises ships look today to be out of action after more arrests were reported
- 'Bleeding money', drybulk defaults to rise
CREDIT Suisse analyst Gregory Lewis warned today drybulk charter defaults are likely to increase if rates don't rebound soon
- Ezra seeks to raise S$150M from securities
SINGAPORE-listed Ezra Holdings said it has issued a second offering under its $500M multicurrency debt issuance programme
- Transneft mulls Socar cancellation
RUSSIA'S government-controlled pipeline company Transneft is considering ending its contract to pump crude oil from Azerbaijan to the Novorossiysk, via Makhachkala in Dagestan
- Shipping confidence reversed
SHIPPING confidence levels plunged in the three months to August to the lowest level for a year, Moore Stephens has found
- Capesize bookings get 'jolt'
DAHLMAN Rose analyst Omar Nokta asserted today that China's stimulus plan is showing 'immediate effects' in the drybulk sector
|SEPTEMBER 19, 2012|
- FedEx Express Rate Hike Could Hit Slower Service Users Hardest
FedEx Express users of slower services will bear more of the brunt of the parcel carrier's price hike than shippers...
- Lufthansa to Build Logistics Center at Frankfurt Airport
Lufthansa plans to build a modern logistics center at Germany's Frankfurt Airport despite the ban on night flights there. ...
- MSC Adds Israel to Golden Gate Rotation
Mediterranean Shipping Co. is adding a port call at Haifa in Israel on both legs of its Golden Gate Service...
- DP World Orders 69 Cranes for Jebel Ali Port
DP World has ordered 69 cranes for a new 4 million 20-foot-equivalent unit capacity terminal at its flagship Jebel Ali...
- Baltimore to Regain Midwest Cargo Through New CSX Terminal
The Port of Baltimore could once again become a contender for import cargo bound for the Midwest as a result...
- New Locks Could Benefit Both Coasts, Aleman Says
East Coast ports look forward with great anticipation to the completion of the Panama Canal expansion project in 2015, while...
- Scandlines Owners Eyeing Sale of German Ferry Line
The joint owners of Scandlines are mulling the sale of Germany's biggest ferry line in 2013 in a move likely...
- Carriers Face Influx of New Capacity, Rate Issues
Shipyards in 2013 will deliver more new container vessels than during any year in the history of the industry, but...
- Dubai Airport to Increase Freight Capacity
A major upgrade of Dubai International Airport will increase freight capacity to more than 3.1 million tons per year by...
- China Takes Steps to Boost Exports
China's efforts to remove trade barriers in a bid to boost exports are already being implemented at key ports. ...
- Carriers: Strike Surcharges a 'Prudent' Step
Ocean carriers say plans to impose congestion surcharges if there's an International Longshoremen's Association work stoppage are precautionary steps and...
|SEPTEMBER 19, 2012|
- Indian tills get ready to ring
Has the out-of-city mall destroyed the corner shop, or does the former complement the latter to best serve the customer? It is a debate that is sure to encourage ...
- CKYH confirms service withdrawal between Asia/Europe
According to Alphaliner, the CKYH alliance will suspend its NE4 loop between Asia and Northern Europe at the end of September, instead of in the middle of October. ...
- PSA JNP deal breaks up
Reports in India suggest that PSA International's (PSA) tender to build a fourth container terminal in the country's largest port complex, Jawaharlal Nehru Port, ...
- Le Havre claims 20% productivity gain
One year after the implementation of France's national port reform legislation Le Havre's stevedores claim that efficiency has improved by over 20%, helping them ...
- Wan Hai launches new operating system at its Tokyo terminal
Taiwan shipping line Wan Hai Lines has boosted the efficiency of its Tokyo terminal by installing a new IT operating system, as its original equipment was unable ...
- DP World UAE orders T3 equipment
DP World UAE Region is to use both local and international companies for the manufacture, supply and installation of new container-handling equipment for its new ...
- US hits China with WTO 'illegal' auto subsidy complaint
As the US Presidential campaign heats up, the incumbent Obama administration has filed a complaint to the World Trade Organization [WTO] alleging that China subsidised ...
- Peel Ports names Lend Lease as principal contractor for Liverpool2
Peel Ports has appointed international property and infrastructure group Lend Lease as principal contractor for Liverpool2, its new GBP300 million deep-water container ...
- Exolgan takes charge of another Liebherr crane
The Exolgan Container Terminal in Buenos Aires, Argentina, has taken delivery of its eighth Liebherr Container Cranes-designed and manufactured ship-to-shore gantry ...
|SEPTEMBER 19, 2012|
- All in the family
The chairman of Star Bulk Carrier's board of directors is handing over shares of the bulker owner to his two children.
- Drewry dabbles in equities
A leading UK-based maritime research and advisory firm is looking to carve its name on the walls of an arena dominated by investment banks.
- What's an MLP?
Most market insiders are familiar with the phrase master limited partnership (MLP) as the label defines some of the most notable names on Wall Street but not all truly understand the inner workings.
- Charter defaults persist
Charter defaults may accelerate in the months to come if bulker rates continue to hover below breakeven, according to an analyst at Credit Suisse.
- Sales spur for Otto
Otto Marine is set for a third quarter profit boost after completing the sale-and-leaseback of a maintenance vessel.
- Ofer dials back drillship
Idan Ofer's Pacific Drilling has given itself until the end of the year to decide on a drillship option at Samsung Heavy Industries.
- Al-Badri: enough oil
Opec chief Abdullah al-Badri has played down talk Saudi Arabia is about to start increasing crude supply.
- Crewman trapped
A Ghanaian seafarer suffered life-threatening injuries after becoming trapped between two hatches on a ship in Germany.
- Boost from Beijing
A surge in capesize chartering activity yesterday is the first sign a Chinese stimulus package is being felt in the market, Dahlman Rose says.
- Wartsila supplies Exmar
Finnish-owned Wartsila Hamworthy is to supply gas and engineering kit for Exmar's four Hyundai Mipo gas carriers.
- JES ends order drought
China's JES International Holdings has announced its first newbuilding contract this year.
- K-Line 'forbids' China trips
Growing hostilities between Japan and China have led K-Line to place a ban on executives travelling to the world's most populated country.
- Captain tumbled to death
A cargoship captain died after falling into the hold of his vessel off the UK, local police say.
- Fire out on Tampen
A blaze has been extinguished by crew on a Bourbon supply ship in Norway.
- Pacific view divided
Evercore Partners has initiated coverage of Idan Ofer's Pacific Drilling with an equal weight tag.
- Scandlines sale mooted
Private equity groups 3i and Allianz Capital Partners are reportedly looking to exit Baltic ferry group Scandlines.
- Billionaires do battle
Two of Wall Street's biggest names are locked in dispute over the purchase of Navigator Holdings shares previously held by Lehman Brothers Inc.
- DFDS to plug in ships
DFDS is to introduce onshore power supply facilities in three European ports as part of its bid to cut noise and emissions.
- Third CIC ship held
A third cruiseship operated by Classic International Cruises (CIC) has been held over debts.
- Cargotec set for spin-off
Cargotec says it will proceed with its plans for a separate listing of its marine business in Asia.
- Crewman's death probed
Canadian police are investigating the death of a seafarer on a multipurpose cargoship en route from Nunavut.
- IMC eyes resources fund
Fred Tsao's IMC Group has launched a takeover bid for an Australian commodities investment fund.
- Confidence hits new low
Confidence levels in the shipping industry have fallen to a four-year low, according to a study by industry adviser Moore Stephens.
- US and China in drill first
To most observers the US and China appear to have very little they can publicly agree on accept maybe one thing - the battle against piracy.
|SEPTEMBER 19, 2012|
- 'K' Line bans executive travel to China
- If an ILA strike happens...
If a strike by the ILA or a lockout by employers occurs after the current contract expires, President Obama could use provisions within the Taft-Hartley Act to declare a national emergency and return the longshoremen and employers to the bargaining table.
- U.S. unions monitor Aussie port automation dispute
The Maritime Union of Australia (MUA) suggested that Patrick Stevedores, a subsidiary of Australian rail and ports operator Asciano Ltd., deceived them about their intention to fully automate its terminal at Port Botany in Sydney.
- Leone retires as Massport port director
Michael A. Leone, port director at Massachusetts Port Authority, is retiring after 19 years at the agency. Under his leadership, Boston attracted container liner services from the Asia and improved both its cargo and cruise facilities.
- Envirotainer expands in Asia's pharma industry
The refrigerated air cargo container maker foresees healthy expansion of its business in Asia Pacific, with the region expected to grow in pharmaceutical sales by 97 percent and account for 29 percent of global pharma sales by 2016.
- Expanded roles for UTi's Feitzinger, Berger
- Alliance Air Services' president to retire
- Schiphol Cargo names Ritsema top strategist
- Veracode's supply chain security testing program
- EU plans shipping emissions cuts
The European Commission said it's considering a proposal in the coming months if the International Maritime Organization (IMO) is unable to reach an agreement on the means and measures for curbing ship emissions.
- Hamburg Süd to assess St. Petersburg winter fee
- Trimble buys Logicway
- Mahindra Satyam starts retail management service
- Ex-Im Bank boosts Air Tractor sales to Brazil
- U.S. contributes to WTO assistance program
- CORRECTION: Grand Alliance adds temporary Shanghai call to SSX rotation
|SEPTEMBER 19, 2012|
- Russian oil major close to acquiring Romanian bunker player
'Talks are in progress and should be completed by the end of the year.'
- Prices continue falling in Fujairah
Prices softer apart from Suez which showed minor gains.
- Big fall in prices recorded across Europe
Prices stick to downward path.
- Surge in Russian fuel oil exports ahead of tax rise
Duty set to climb by 6.3%.
- Saudi Arabia says oil prices are too high
As fears mount that high prices will stall economic recovery.
- Low-sulphur incentive 'impossibly bureaucratic'
'Will shipowners pay money to subject themselves to sometimes impossible procedures?'
- Pricey low sulphur fuel 'bad for business', says cruise chief
The cruise industry would like to work out a compromise.
- Spanish minister facing questions over links to bunkering
'It doesn't make a lot of sense for him bunkering is a polluting activity,' say opposition legislators.
- Shanghai firm plans $32 million bunker fleet expansion
Intends to acquire bunker tankers to reduce costs from chartering vessels.
- Third cruise ship arrested
Creditors act against ship in Montenegrin port.
- Bunker prices continue downward trend
Bunker supplies at major Asian ports were fine on Wednesday.
- New traders join International Bunkering
Koen Korstiaan den Boogert and Karen Moon join the company in Dubai and Singapore respectively.
- Singaporean maritime border talks 'ongoing'
A series of meetings on the issue are taking place, say governments.
- DFDS to invest $9 million in cold ironing project
Project forms part of its ongoing efforts to reduce emissions, it says.
- Pirates attempt to siphon off bunkers foiled
Pirates hijacked vessel and attempt to transfer its bunkers to another vessel.
- Waste heat recovery offers 'unique opportunity' to save fuel
Half of energy produced by engines goes to heat rather than propulsion, says Alfa Laval.
- Lower bunkers prop up carriers' earnings
Declining bunker costs amid rising freight rates have improved