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| MAY 21, 2012 |
- Asia-Europe rates down 4.2pc to US$1,742/TEU as Shanghai index falls 2.7pc
- OOCL ups rates twice in a month for north Europe-Asia cargo to boost profits
- Tianjin Port and Singapore's PSA sign deal to cement bilateral ties
- Hamburg first quarter box throughput up 5pc despite drop in Asia volume
- Xiamen's four-month container volume up 11.8pc to 2.06 million TEU
- Guangzhou railway Huizhou section revenue surpasses annual target
- Charleston's first of many heavylifts for South Carolina nuclear plant
- Charleston, SC, container traffic rises 7.7pc to 123,439 TEU in April
- Siemens to supply green propulsion and power to Maersk's 18,000-TEUers
- Estonian national rail volume drops first four months, containers boost
- UPS flies temperature-sensitive flu vaccines from Louisville to Laos
- Chongqing's first direct flight service to northern Europe launched
- Hainan Airlines launches twice weekly Taiyuan flights to Singapore
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| MAY 20, 2012 |
- Asian container shipping to see improved second quarter
- Supply-demand balance to be impacted by Asia-Europe capacity swings
- JSW Jaigarh Port emerging as a new gateway for agro products
- Maharashtra Governor inaugurates JNPT's new city office
- BCHAA holds study course for CHAs
- CONCOR inaugurates renovated export warehouse at ICD-Tughlakabad
- ' closes 0.78 p weaker at 54.42 to the dollar
- Forex reserves shed $ 1.37 bn to $ 292 bn
- Further slide in unlikely: poll
- New rial-rupee payment system put in place with Iran: Scindia
- Probe into dumping of Chinese electrical insulators
- IMCs GST conference on June 2
- Joint panel set up to study India-Comesa FTA
- US approaches WTO to settle Indian curbs on poultry imports
- LS International transports over-sized equipment from Brazil to Poland
- Projects FPS helps build a brewery
- Royal Cargo moves one of its heaviest consignments
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| MAY 18, 2012 |
- Cathay Pacific expands cargo presence in India
Starting yesterday (17 May 2012), Hong Kong's Cathay Pacific Airways further expanded its presence in India with a new twice-weekly freighter service to Hyderabad, making it the fi...
- Precision Air launches two new destinations and postpones two new services
Today (18 May) Tanzania's Precision Air is starting a new thrice-weekly service to Lubumbashi (DR Congo) and the Zambian capital Lusaka. Another planned service to Lilongwe and Har...
- US rail carload traffic continues to shrink
The Association of American Railroads (AAR) reported that the number of US rail carloads amounted to 1,113,105 in April 2012, a decrease of 64,335 carloads or 5.5%, compared to Apr...
- DSV Road: changes in the management
The DSV group chose Peter Fog-Petersen as the new managing director of the Bremen (Germany)-based DSV Road GmbH, effective 1 May. His predecessor, Brian Ejsing, immediately shoulde...
- Air Nigeria postpones Jo'burg service resumption
Air Nigeria has postponed the service resumption on its Lagos - Johannesburg (South Africa) route. The thrice-weekly service was due to start from today (18 May) but has now been p...
- CargoLine continued to grow in 2011
The general cargo alliance CargoLine boosted its consignment volumes and sales in business year 2011. By the end of the year the company had transported nearly 11.6 million shipmen...
- Camion Transport wins eco performance award
This year's Eco Performance award has been presented to the Swiss transport and logistics company Camion Transport AG and to the Turkish enterprise Ekol Logistics GmbH. The Eco Per...
- Toll restructuring to combine vehicle distribution service with JV partner PrixCar
Toll Global Logistics, a division of the Australia-based Toll Group, has announced a restructure that will combine its finished vehicle distribution service with automotive storage...
- Italy says no more hazmat shipments on the railways
Italy's state railway Trenitalia has just announced that, for safety reasons and with immediate effect, it cannot accept any railcars that contain hazardous goods and that have to ...
- DB Schenker Logistics erects logistics centre for Kone near Shanghai
The German service provider DB Schenker is erecting a 46,000 sqm logistics centre for its customer Kone in Kunshan, west of Shanghai (China). Kone is one of the global leaders in t...
- Heavy move by Royal Cargo in the Philippines
The projects and heavylift (PHL) team of Royal Cargo Combined Logistics Inc, member of the Worldwide Project Consortium (WWPC) for the Philippines, has once again set a milestone i...
- Evergreen Line to launch West Africa Service with Hanjin and UASC
Taiwan-based Evergreen Line will team up with Hanjin and UASC to launch the new West Africa service (WAF) at the end of May. From 30 May four ships of 2,800 ' ...
- The port of Hamburg remains on growth curve in Q1/2012
The universal port of Hamburg (Germany) reported a total throughput of 32.6 million t (+ 3.8%) in Q1/2012. In the container handling sector, the port's predominant business, 2.2 mi...
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| MAY 18, 2012 |
- LoBiondo voices concern about Coast Guard budget
- Wreck removal plan presented for Costa Concordia
- Scana Propulsion signs new contracts with Kleven and Rong...
- St. Johns delivers OSV to A.R. Singh Contractors
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| MAY 18, 2012 |
- US rail carload numbers drop during month of April
- Memorial Day fleet blessing set for Charleston Marina
- Port of Everett announces vessel auction for June 12
- IMO safety committee eyes armed response to piracy threat
- Crowley adding St. Kitts/Nevis to Caribbean service menu
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| MAY 18, 2012 |
- West Africa suezmax earnings rush will be shortlived
Brokers say charterers have stepped back from the market
- Move closer
BIMCO, Intertanko and Intercargo talk ties
- BIMCO, Intertanko and Intercargo seek closer ties
Shipowner groups see scope to share resources
- Costa Concordia investigation pinpoints emergency management
Criminal investigation to report on voice data recordings in July
- Analysis: Will Japan's growth generate capesize demand?
As the country rebuilds, counter-intuitive trends have emerged
- Iran LNG drive will fail, say experts
Venezuela's prospects look more hopeful as Tehran faces sanctions
- Costa Concordia will hit marine insurers hard, says Munich Re
Hull market players complain that premiums are insufficient
- Global Terminals looks to win
East-coast US operator adds capacity to target Panama Canal expansion
- Inequality on the agenda
New book focuses on how a fortunate few in the UK have got rich at the expense of the many
- Expansion plans for Jakarta box terminals
HPH says $100m investment will improve operating efficiencies at container hubs
- Clean Shipping Index seeks more users
Owners encouraged to provide data with environmental focus
- Indian monsoon to hit supramax iron ore exports
Torrential rains come after months of dwindling shipments
- Costa Concordia removal to start within days
Video shows how wreck clearance operation will be done in four stages
- Tanger Med Port Authority raises $172 in bonds
Second Tangier terminal complex to open in 2014
- Chinese steel output hits two-week high
Production cuts are likely as overcapacity looms
- Position is destiny in the capesize market
Prospects uncertain for iron-ore demand in China
- Saga plans fleet-wide ballast treatment retrofit
Goltens to install Optimarin system
- Three injured as Stena ferry brings down container crane
Maintenance crew of container crane injured after ferry knocked off course by high winds
- Oil supply shocks threaten bunker prices
Uncertainty over Iraq, Sudan, Yemen and Syria as Iran faces looming sanctions
- Timely intervention
The IMO framework for deploying PMSCs is just what the industry needs
- Belgium moves to regulate vessels' private armed guards
Plan to add anti-piracy clause to existing laws by summer
- Total backs ultra-deepwater drilling
Drillships can earn up to $500,000 a day
- US shippers sign more index-linked contracts
FMC identifies 61 service agreements with price flexibility
- Summa Group eyes stake in Fesco
Controlling share estimated to be worth $1bn
- Maersk Line to raise its Latin America rates to cover regional investment
Hike reflects higher fuel, container and terminal costs
- Japanese yards see 43% year-on-year fall in export orders
April bookings comprise nine bulkers and one LNG carrier
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| MAY 18, 2012 |
- USC weighs taking over bankrupt steel mill
UNITED Shipbuilding, the government-owned corporation, and state bankers are considering taking over a bankrupt steel mill in the Russian Far East
- Maersk to seek rate rise for Latin America
MAERSK Line, the box unit of the Danish giant AP Møller-Maersk, told Fairplay today it plans to seek a rise in its Latin American cargo rates of up to 30% this year
- MR orders rise tenfold
ORDERING of MR product tankers has picked up tenfold in the first four months of 2012 year on year, which will further increase the sector's supply overhang, McQuilling Services has warned
- Frangou sees fleets in play
SHIPPING banks are now marketing full fleets at "reasonable" prices, according to Navios Holdings boss Angeliki Frangou
- BLT garnishments approved
A US JUDGE has allowed $55M in attachments targeting assets of Indonesia's Berlian Laju Tanker, Fairplay confirmed today
- FESCO offered for sale
SERGEI Generalov, controlling shareholder and dominant director of FESCO, has decided to sell the Russian dry-cargo group
- Scandlines break-up mulled
THE OWNERS of the Danish-German ferry company Scandlines were reported today to be considering breaking up the company
- US bankruptcy lawyers rake in fees from shipping
SHIPPING's five US Chapter 11 bankruptcy cases have generated more than $70M in professional fees to date, a Fairplay analysis has revealed
- Sembcorp wins $103M in repair contracts
SINGAPORE'S Sembcorp Marine said its Sembawang Shipyard has secured three contracts worth $103M
- Supramax owners biting bullets
BROKERS told Fairplay today Supramax owners expect to bite the bullet, as softening Indonesian coal prices are braking Pacific business
- Penguin's profits drop 99%
SINGAPORE shipbuilder Penguin International said net profits for the first quarter of 2012 fell 99% from that part of 2011, because of lower shipbuilding revenues
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| MAY 18, 2012 |
- Consumer Technology Transforming Trucking
Converging consumer and business technologies are changing the way motor carriers connect with truck drivers and customers at an increasingly...
- TransCore DAT Spot Market Index Jumps 17 Percent
Spot market truckload freight jumped 17 percent year-over-year in April, climbing 3.5 percent from March, according to load matching company...
- FAA to Reconsider Cargo Pilot Fatigue Rule
The Federal Aviation Administration is reconsidering expanding fatigue rules to air cargo pilots, not just passenger plane pilots, after the...
- Russia's Summa Close to $1 Billion Fesco Deal
Russia's Summa trading and investment group is reported to be close to agreeing on a $1 billion deal to take...
- House Watchdog: FMC 'May Be an Agency in Crisis'
The chief House watchdog said the Federal Maritime Commission "may be an agency in crisis," raising concern in a letter...
- Asia-Europe Spot Rates Slip
Average spot rates in the westbound Asia-Europe trade fell 4 percent on May 17 from the week before, indicating the...
- OOCL to Implement Europe-Asia Rate Hike
OOCL will implement a further general rate increase on the North Europe to Asia trade on June 15. Applicable...
- Maersk's Rates in Latin America Trade to Escalate
Maersk Line plans to hike ocean freight rates on South American routes by up to 30 percent this year to...
- PNW Ports Building on Reliability
John Wolfe's staff at the Port of Tacoma regularly holds stakeholder meetings where it asks terminal operators, longshoremen, carrier representatives...
- 2012 Trans-Pacific Service Contracts Squeeze NVOs
Non-vessel-operating common carriers generally have it good: Non- or light-asset based, agile in responding to customers' needs and often consistently...
- Shipper-Carrier Saber Rattling Continues
JOC reporters face a delicate balancing act in covering annual contract talks between ocean shippers and carriers. The container industry...
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| MAY 18, 2012 |
- Manta port concession issued
Autoridad Portuaria Manta (APM), the state-controlled body which runs the Ecuadorian port of Manta, has officially launched its tender for the future operation ...
- Salalah rallies in Q1 12
Oman-based Salalah Port Services Company (SAOG), which owns/operates the port of Salalah, has registered a modest improvement in its container traffic volumes and ...
- Pirates to be tried in the Seychelles
The European naval counter-piracy task force [EU NAVFOR] has succeeded in persuading the Republic of the Seychelles to accept for prosecution 11 suspected Somali ...
- Crowley Logistics enters St Kitts & Nevis
Jacksonville-based Crowley Maritime Corp has expanded its range of value-added logistics services in the Caribbean basin to include St. Kitts and Nevis. The company ...
- CI Awards 2012: beat the TUESDAY [May 22] cut-off
- Russian's frightened by European bear market
Although Russia's economy remains strong, recent political events there, combined with fears over Europe's ailing economy, appears to have sent many citizens back ...
- Seaspan still sitting pretty
The business model of New York-listed container ship owner, Seaspan, continued to protect it from the turbulence in the liner market place in the first quarter ...
- Rena silver lining for Braemar and Maersk
The balance sheets of a UK shipbroking and shipping services group and a Danish transport and energy conglomerate have been boosted by the misfortunes of an MSC-chartered ...
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| MAY 18, 2012 |
- BLT targets renegade creditor
Emotions run high on the heels of Texas tanker seizure as reignited $55m charter battle escalates.
- Cheek to cheek with a Greek
When stubble gets in the way at the ball, explosive LNG carriers, Greeks bearing gifts and a shipping guru who swapping a desk for a tractor.
- Eimskip steps up listing plan
Restructured Icelandic container line targets fourth quarter for IPO on Nasdaq OMX.
- Essar back to black
Diversified Indian owner leaves red ink behind as long-term charters boost shipping revenue.
- Kyoei on comeback trail
Japanese VLCC owner expects small gain to next March, turning around loss in previous year.
- NOCC back for more
Oslo-listed owner selling another chunk of shares in follow up placement.
- Ferry collapses crane
Three port workers injured in Poland as Stena Spirit hits gantry at Gdynia.
- What did captain see?
Jury to decide whether Gaurav Prem's master knew that plastic pipes were being dumped off Alabama.
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| MAY 18, 2012 |
- Evolving CBP creates opportunities for contractors
The agency is inviting technology, equipment, and services vendors to its headquarters next week for a briefing on the changing operational environment and strategy as it moves beyond its traditional mission.
- Maersk extends FEW3 to China
- Maersk switches Mombasa loop to Dar es Salaam
The carrier has switched from calling Mombasa in favor of a new call at Dar es Salaam and slowed down its Mombasa Express service between the Middle East and East Africa, increasing roundtrip voyage time from 28 days to 35 days.
- Commentary: McLean, containerization get cartoon
- Reports: Vietnamese shipping execs detained
- IMO develops rules for armed guards on ships
- Gartner: Supply chain software a $7.7 billion market
This marks the second year of double-digit growth for the SCM software market and was driven by an increasing number of supply chain investments.
- Zim, Grand end Asia-Med slot agreements
- NIST's 10 IT supply chain security recommendations
- APL drops slots on Maersk's TA4
- Maersk raises rates on South America routes
- Crowley's LCL service to St. Kitts and Nevis
- Source Consulting offers new TMS
- WFS increases Scandinavia presence
- U.S. to hike tariffs on Chinese solar panel imports
The U.S. Commerce Department announced an affirmative preliminary determination in the antidumping duty investigation of solar panel imports from China.
- PrestaShop, Shipwire team on inventory management
- House misses sugar in Farm Bill hearings
- Tompkins: China's e-commerce wrestles with modernization
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| MAY 18, 2012 |
- Bunker prices end week lower
Trading was busy on the US Gulf, according to suppliers.
- Western Ferries' new vessels offer greater efficiency
Will have 20% more capacity, a higher speed and improved environmental and fuel efficiency.
- Oil 'unlikely' to go much below $100 per barrel
Prices need to stay high to protect 'marginal barrels' and oil producers' state budgets, Total Chief Economist tells conference.
- BP: Oil still dominant transport fuel in 2030
Sees increasing use of alternative fuels, oil demand picture to see major changes.
- Double-digit falls for Rotterdam bunker prices
Very tight avails of LS grade in Rotterdam.
- Bunker prices still falling in Fujairah
'Anaemic' demand in Suez.
- Study backs 'cold ironing' for cruise ships
Shoreside power is the 'most cost effective way' of reducing emissions, according to Canadian case study.
- Ferry operator sees 22% jump in bunker bills
Irish Continental Group reports $4.3 million increase in bunker costs for the first four months of the year.
- Maersk to put up freight rates by as much as 30%
Fuel prices have tripled in the last five years while shipping rates have fallen by 10%, says company's chief executive for Latin America.
- Q1 was one of shipping company's 'most challenging periods'
Bunker costs limited potential for repositioning ships to more profitable markets.
- Week ends with more sharp falls in Asian bunker markets
Supplies of bunker fuels fine at key Asian ports on Friday, according to traders.
- Shipowner orders 'popular' fuel saving OSV
Rolls-Royce UT 755 LC design features reduced fuel consumption, low noise and vibration level and good supply capacity.
- Genmar 'successfully' completes reorganisation plan
Firm has reduced its outstanding debt by approximately $600 million.
- Singapore-listed firm plan 'sizeable' bunker tanker fleet
Singapore may face a shortage of bunker tankers in the future, says market player.
- Chinese shipyard clinches deal for six fuel efficient bulkers
Six 39,500 dwt vessels will feature a Deltamarin design to reduce fuel consumption and exhaust emissions.
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