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| JUNE 21, 2012 |
- Hapag-Lloyd to hike rates from Far East to Central, South America in July
- MSC lengthens voyages on two strings from the Far East to the Mediterranean
- US regulator accuses ILWU of unfair practices at ICTSI's Portland terminal
- Hong Kong first quarter exports to mainland down 0.3pc to US$16 billion
- UK underwriter withdraws cover from arms-laden Syria-bound Russian ship
- Fujian provincial trade value grows 18.5pc to US$13.24 billion in May
- Dalian's five-month container volume increases 24.1pc to 2.91 million TEU
- New Zealand businesses launch damage suits against Rena owner Costamare
- OOCL, X-Press Feeders team up to offer Myanmar-Malaysia-Singapore service
- Maersk splits from CMA CGM on Panama-east coast South America service
- Charleston gets US$147 million upgrade, 'deepwater will drive selection'
- MSC takes delivery of MSC Valeria, its last in firm's 14,000-TEU programme
- Prologis adds 60,000 square metres more DC space in Barcelona
- Houston City Council votes unanimously for Southwest expansion plan
- Tianjin Airport Economy Area emerges as China's new aviation industry base
- Oman Air enjoys boom with record-breaking cargo and passenger revenue
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| JUNE 20, 2012 |
- Caravel Logistics highlights its Mundra services at Gandhidham trade meet
- Cargotec SmartPort process automation solutions bring new level of efficiency to marine terminals
- Damco runner-up for world Airfreight Forwarder of the Year
- GE Shipping contracts to sell LPG carrier
- Hamburg Süd gets two "green" awards on same day
- NOTICE TO CHA FRATERNITY & TRADE
- Study shows lack of integrated policy, cheap funds ailing coastal shipping
- Throughput at Major Ports down 5.7 pc in April-May
- Exports of Amul products likely to jump by 20 pc
- India can withstand dollar outflows due to sufficient forex reserves: Montek
- RBI gives nod for advance payments in INR
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| JUNE 20, 2012 |
- Streck AG Switzerland thrice honoured
The Swiss service provider Streck Transport AG recently received three awards for its quality. The company was presented with prizes by the pan-European alliance SystemPlus, the ge...
- HHLA prepares shipment of combine harvesters for Cuba
20 combine harvesters bound for Cuba have reached HHLA Container Terminal Burchardkai in Hamburg (Germany) by rail. The stuffing and service centre transferred them directly from t...
- Fuso challenges parts market with second brand
The Mitsubishi Fuso Truck and Bus Corporation (MFTBC) - one of Asia's leading commercial vehicles manufacturers - is significantly expanding its after sales business with a second ...
- Russian Railways implementing numerous rail projects abroad
Russian Railways, its subsidiaries and partners, are continuing to implement projects to expand and modernise foreign railway lines, mainly in the CIS, Eastern Europe, Africa and t...
- New Zealand's government investing in KiwiRail's freight services
The New Zealand-based transport service provider KiwiRail will receive USD 250 million of capital in 2012/13 for its turnaround plan to help railfreight business become sustai...
- Air China to cease Combi operation
The Hong Kong-based aviation finance and advisory specialists SkyWorks Leasing and its affiliate SkyWorks Capital Asia Ltd have been engaged by Air China to assist in the sales of...
- CFO position at Maersk Line merged with strategy and transformation
Maersk Line CFO, Peter Rønnest Andersen, left the Maersk Group on 19 June after 20 years with the company. In addition to his current role as Maersk Line's chief of strategy and tr...
- ICAO and ACI collaborate to enhance safety standards at airports
The International Civil Aviation Organization (ICAO) and Airports Council International (ACI) have signed a memorandum of cooperation (MoC) to provide a framework to jointly pursue...
- ALC inks widebody lease agreement with Cathay Pacific Airways
Air Lease Corporation (ALC), an aircraft leasing company that was founded in 2010 and is based in Los Angeles CA (USA), has leased a 2009-built Boeing B777-300ER to Hong Kong's Cat...
- Scheuerle and Kamag reshuffle management
Andreas Kohler and Susanne Schlegel have taken over the management of the vehicle manufacturers Scheuerle and Kamag (both members of the Transporter Industry International group/TI...
- Jean-Claude Terrier elected president of the union of French ports
Jean-Claude Terrier, chairman of the board of directors of Marseille seaport (France), has been unanimously elected president of the Union of French ports (UPF). His election was p...
- Kuehne + Nagel opens new automotive platform in Hungary
The Swiss logistics service provider Kuehne + Nagel has opened a new storage facility in Kecskemet, to the southeast of Budapest. The site has been specially designed to fulfil th...
- Stobart Group makes offer for Autologic
The UK logistics company Stobart Group has made an offer of GBP 12.4 million for Autologic in a deal that would see it become the largest car-transporter haulier in the UK. Both pa...
- Nippon Express expands logistics operations in Malaysia
Japan-based Nippon Express has expanded its logistics operations in Penang (Malaysia) through the completion of a new warehouse in the Bayan Lepas Industrial Park. Located 5 km fro...
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| JUNE 20, 2012 |
- Electric Boat gest $11 million more for advanced submarine...
- Maritime industry asks IMO to require the weighing of loaded...
- GL issues Clean Shipping Index certification for LNG fueled...
- Braemar makes management changes
- KFELS on track to deliver second jack-up to Ukraine ahead of...
- Rolls-Royce to supply design and equipment package for Augusta...
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| JUNE 20, 2012 |
- Carriers set to expand business calling Port of Tacoma terminal
- WSF selects Olympic as name for new ferry class
- Vintage aircraft to be displayed at Bowerman Airport in Hoquiam
- Industry calling for IMO to request accurate box weight
- TSA investigation results in termination of employees
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| JUNE 20, 2012 |
- Chapter 11 stigma haunts TBS International
Top executive expresses frustration at 'unfair' perception advantage enjoyed by opaque private companies
- China's hunger for imports reshapes east-west trade patterns
Boxships arriving fully loaded into one-time export-dominated market
- SocGen sets the pace for shipping exodus
Sale of part of French bank's book to Citibank is in line with sector's downsizing strategy
- Shipping mulls high yield debt as alternative to banks
At least two companies considering new options
- Blame game in Bonn
Shipowners clash with officials in Bonn
- Bet big on LNG, says Fostiropoulos
EXCLUSIVE INTERVIEW: Placing multiple orders now will pay off come 2015
- Capesize rates bottom out at last
China's steel consumption rises again
- Cosco Pacific mulls purchase of Greek state assets
China port operator to position Piraeus as Mediterranean hub
- Box bookings slow as fixture periods shrink
Brokers say new charters target 4,000 teu-plus tonnage
- Romania revives ore trade with China
First shipment arrived this month as ARIA consolidates shipments from Constanta
- Breaking the silence
The European Commission's proposal on shipbreaking gives a healthy recharge to the recycling debate
- Morten Arntzen compensation package gets shareholder nod
Company reveals retention bonuses for Itkin and Johnston
- Love is off the agenda as tanker firm bans office flings
New code of ethics combats favouritism and sexual harassment claims
- State government throws lifeline to P+S
European Commission has yet to approve Baltic shipyard's restructuring plan
- Femco denies weapons on board Alaed
Russian company sticks to line on illegal weapons to Syria
- DP World rejects Aden port contract claims
Yemeni accusations over investment projects said to be 'unfounded and misleading'
- Bank of Korea sees shipyards turnaround in 2014
But until then, orders will continue to contract as euro crisis continues to affect demand, says central bank
- Yang Ming to order five ultra-large boxships
Taiwanese carrier has delayed moves to join the ULCC club
- Rotterdam World Gateway lands first-phase project financing
Funding secured despite simmering dispute between port authority and ECT
- Cash buyers defend their role in ship recycling
Biggest players say they are merely the middlemen and do not make huge amounts of money
- VLCCs pin hopes on Saudi Arabia raising oil output
World's biggest producer might tap 2.5m barrels per day of spare capacity
- Lawyers split on future of EU antitrust guidelines for shipowners
Questions raised about power of consortia
- Ultra-deepwater market eyes $700,000 day rate
Marine Money: Shortfall in rigs to meet Petrobras production targets will boost earnings by 2020
- TBS International lines up sale of older tweendeckers
Post-Chapter 11 strategy based on fleet rejuvenation through bulker charter-ins and debt reduction
- Kidwell takes the helm at Braemar Shipping Services
Marsh steps down as chief executive but will stay on sale and purchase desk
- Euroseas rights offering oversubscribed
Owner raises $14.9m to put towards potential acquisitions
- Rumble in Rio
IMO under fire as green campaigners prepare for war with UN
- Yangzijiang sells off stake in microfinance unit
Chinese shipbuilder to devote proceeds to similar wholly owned unit
- Shipowners oppose Chile's antitrust moves
ICS describes EU ban on conference as a retrograde step
- European shippers oppose container weighing
ESC says debate is too focused on a relatively small risk factor
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| JUNE 20, 2012 |
- FreeSeas default could hurt Yangzijiang's stock
FREESEAS' cancelled order for two Handysize bulkers and the ongoing pressure on shipbuilders would hurt Yangzijiang's stock, said an analyst today
- Russian owners call for fleet growth
THE Union of Russian Shipowners (SOROSS) has warned the country's new government that "the current rate of development of the fleet of [Russian] shipping companies is insufficient"
- Magomedov confirms FESCO buy-out
THE Summa Group, which is controlled by Zivayudin Magomedov, has finalised its buy-out of Far Eastern Shipping Company (FESCO) from Industrial Investors, owned by Sergei Generalov
- Yangzijiang sells microfinance stake
SINGAPORE-listed Chinese shipbuilder Yangzijiang said it will dispose its entire 31.5% equity stake in Wuxi Runyuan Technology Microfinance to streamline the group's structure
- Drybulk port snarls worsen
LOGISTICAL issues and dense fog in Chinese drybulk ports resulted in worsening congestion in the latest week
- Black Sea hole leads to UK Court
EVRAZ, the Russian steelmaker listed on the London Stock Exchange main board, is being sued in the UK High Court for $35.8M by a group of Swiss investors over a failed project to build a terminal for coking coal and iron-ore at Yuzhny
- Braemar makes board changes
BRAEMAR Shipping Services has appointed James Kidwell as chief executive with effect from today
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| JUNE 20, 2012 |
- FedEx's Smith Says Freight Shifting From Air to Sea
FedEx CEO Fred Smith said more shippers are transporting goods via ocean shipping at the expense air carriers, a modal...
- WFS, Aviapartner to Form Global Air Cargo Handling Giant
Shareholders of Worldwide Flight Services and Aviapartner agreed to combine the two companies. If approved by relevant competition authorities,...
- Freight Volume Down Again at Singapore's Changi Airport
Singapore's Changi Airport saw cargo volumes contract by 2.8 percent year-over-year last month. Overall, 152,884 metric tons were handled...
- Russia's Summa Closes in on Fesco Takeover
Russia's Summa investment and trading group moved closer to a $1.4 billion takeover of Fesco as it prepares to make...
- Emirates to Launch New Iraq Service
Emirates is expanding it air freight capacity to Iraq after seeing demand soar. The airline will launch a four...
- ILWU Files Suit in Portland Dispute
The International Longshore and Warehouse Union elevated its battle with the electrical workers' union and terminal operator ICTSI Oregon a...
- Hapag-Lloyd Suspends Cargo Bookings to Riyadh, Saudi Arabia
Hapag-Lloyd temporarily suspended "acceptance of shipments" bound for Riyadh via the Port of Dammam, Saudi Arabia. "Riyadh-bound containers are...
- Japanese Exports to US Soar 38.2 Percent
Japan's exports to the United States rose for the seventh consecutive month in May on a year-on-year basis, jumping 38.2...
- APL Seeks Rate Increase on Asia-Europe Trade
APL plans to implement a general rate increase on the westbound leg of Asia-Europe trade, effective July 1. The...
- Regional Planning Expert Calls for CREATE Program for Southern California
A regional planning expert called upon goods movement interests in Southern California to develop a CREATE-style public-private infrastructure development program...
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| JUNE 20, 2012 |
- Good news...bad news for ocean carriers
You have probably noticed that the cost of filling your car with fuel has been somewhat less in this past month, reflecting the sharp fall in the cost of crude ...
- Solverminds signs up Philippine carrier
Specialist software solution company Chennai, India-headquartered Solverminds has through its subsidiary, SVM Solutions & Technologies, inked a contract ...
- Extension of 100% scanning deadline welcomed but NRF still calls for repeal
The recently announced two-year extension before the 100% US box container scanning mandate has to be introduced has been welcomed by the industry - but shipper ...
- Sub-panamax tonnage prospects are promising
DVB Bank of Germany, which is a main player in the ship finance sector, believes that the prospects for sub-panamax (2,000 - 3,000TEU) vessels are more promising ...
- AfDB pours USD18 million into ISSIF
In a bid to inject pace into sub-Saharan Africa's desperate need to improve its infrastructure, including that of its transport systems, the African Development ...
- ESC objects to compulsory weighing of containers
Answering ocean carriers' recently repeated call for all containers to be compulsorily weighed, the European Shippers' Council (ESC) has opined that it is a false ...
- MSC slows Asia-Med services
MSC has added an extra vessel to the rotations of its Dragon and Tiger services between Asia and the Mediterranean. According to Alphaliner, two additional ...
- Marsh leaves the Braemar boardroom
Alan Marsh FICS, retires as chief executive of London-based Braemar Shipping Services [BSS] today, after heading up the company in its plc format for the past 11 ...
- Asia-Europe rates head south early
The average all-in freight rate of all cargo loaded out of China for Europe continued downwards last week. According to the Shanghai Shipping Exchange's China Containerised ...
- Felixstowe rail reaches new high
The Port of Felixstowe has set a new rail record, handling a total of 11,474 containers (17,211 TEUs) in a single week. This follows three weeks of record-breaking ...
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| JUNE 20, 2012 |
- Eagle strikes a deal
Lenders take a bite out of Sophocles Zoullas-led bulker owner in exchange for debt overhaul and covenant cure.
- CCM coverage coup continues
Clarkson Capital Markets wades deeper into new territory after adding Golar stocks to equities research repertoire.
- DOF director steps down
Oslo-listed offshore giant tight lipped about which competitor poached longtime board member Britt Mjellem.
- All eyes on Iran
EU ban may extinguish surge in floating storage as Tehran turns to NITC tanker fleet for transport needs, MJLF says.
- Milaha seals $110m loan
Credit line with Qatar National Bank will fund 19 tugs under construction.
- Seafarers face longer ordeals
Pirates held crews for an average of eight months in 2011, a rise of more than 50%, according to a new report.
- Birkeland crosses stateside
ABN AMRO places Francis Birkeland at the head of a fresh assault on the US finance market.
- Hapag halts Atlantic run
German container line suspends service to US due to market doldrums.
- Euroseas sees out fundraiser
Aristides Pittas-controlled owner is almost $15m to the good after wrapping up a rights issue.
- Bumi inks Nam Cheong order
Hassan Basma-led Malaysian offshore owner kicks off its latest newbuilding programme with four-ship order at compatriot yard.
- TY ties up another six
Florida's FMT goes ahead with optional tank barges at Mississippi shipyard.
- DVB backs Universal push
German lender at the head of consortium offering up $275m to Geden Lines spin-off.
- Bitumen carrier breaks up
Cargo washes up on Philippine shores as grounded Chang Da 12 battered by rough seas.
- Cosco Corp cause for concern
DBS Vickers says exposure of Cosco Corp (Singapore) to Europe makes it more of a risk to investors than Yangzijiang despite FreeSeas default.
- Universal reveals final secrets
Geden-backed venture begins $200m IPO march backed by a first quarter profit and a board containing Jens Ismar.
- Femco denies arms shipment
Russian owner of Alaed breaks silence to claim vessel is "now making ordinary commercial voyage."
- Weakened, not beaten
Navies must keep up pressure on Somali gunmen despite falling attacks, warns EU Navfor commander.
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| JUNE 20, 2012 |
- FMC reviews 22 OTI license applications
- INTTRA signs on Spanish NVO
- WFS, Aviapartner to combine
Shareholders of both WFS and Aviapartner have agreed to combine the companies, with Aviapartner to join WFS. The new group will be controlled by LBO France, WFS' majority shareholder.
- IKEA to erect solar panels on DCs
- Disney to use Jaxport for most Florida imports
- Phoenix International reportedly for sale
Chicago-based freight forwarder Phoenix International is reportedly exploring a $500 million sale, according to a report this week by Reuters. The report listed a string of the top global logistics companies as potential suitors.
- News of TIGER grant recipients trickles out
DOT will announce later this week the full list of recipients of its TIGER grants, but several ports and other government agencies receiving funds were notified by members of Congress and made announcements.
- Canada welcomed into TPP fold
A day after Mexico was welcomed into negotiations over a sweeping pan-Pacific trade pact, Canada was also invited Tuesday, with two of the United States' top five trading partners now involved.
- CSL orders 2 gearless bulkers
- Ebbrecht joins Railinc board
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| JUNE 20, 2012 |
- New guide on abatement technology
'Exhaust gas treatment systems will not be suitable for all ship types,' says classification society.
- Prices falling in Fujairah
Sharp falls in Suez.
- Markets firm in Rotterdam but soften elsewhere
Good demand in Hamburg.
- SEEMP can be 'turned into a business advantage'
DNV encourages ship operators to 'use the new requirements to create some momentum for energy efficiency in the company.'
- New LNG bunkering terminal could be operational in 2015
Vopak forms 'strategic alliance' with owner of gas-grid in south-west Sweden.
- Rosneft Marine opens office in China
Company sees opportunity to provide low sulphur fuel to ships heading into North American ECA.
- Brightoil's US operations 'accumulated $15 million loss'
Group says it is conducting an audit of its US activities.
- Bunker prices firming in Asian ports
Supplies of bunkers 'fine' in key Asian ports on Wednesday.
- Two more players exit Singapore bunker market
Prestige Marine and Gas Trade no longer have MPA licences to supply bunkers in Singapore.
- Huyundai Heavy starts exporting LNG fuelled engines
Hyundai HiMSEN H35/40GV engine can be used in power plants, vessels and offshore facilities.
- Hong Kong annual bunker sales may drop by 1 million mt in 2012
Volumes could fall to 7 million mt, says Managing Director of Sea Trader International Ltd.
- Japan receives first valemax vessel
Vessel will emit 34% lesser carbon dioxide emissions per tonne of ore transported than other ships.
- Quality disputes 'more major' than quantity disputes
Bunker quality claims can be 'huge', says admiralty manager of Fichte & Co.
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