|MAY 22, 2012|
- Asian, Japanese shipowners protest Panama Canal toll hike proposals
- Canadian Pacific proxy battle results in strike threat over pension reform
- Drewry survey shows container shipping underperforms on service
- China Merchants Logistics to set up distribution facility in Hefei
- Hainan set up farm product trading and logistics facility in Tianjin
- Guangzhou widens logistics index spectrum to provide greater nuance
- Cargotec sets up China joint venture with Jiangsu Rainbow Heavy Industries
- Top DP World executives inspect West African terminal in Senegal
- Toll mulls fate of loss-making divisions dragging on company's growth
- Famous Pacific Shipping moves 37 giant brewery tanks in Sri Lanka
- Generalov to step down from FESCO, but only at the right price
- Fire engulfs Air Cargo Carrier SH36's right landing gear while taxiing
- Cargolux flies cargo from Chongqing to Luxembourg via KL, Mideast, Georgia
- DHL Global Forwarding invests in new logistic centre at Brussels Airport
|MAY 22, 2012|
- DB Schenker Logistics, Khimji Ramdas Oman joint venture commences operations
- EU Navfor takes piracy fight ashore
- Evergreen Line, Hanjin & UASC to launch West Africa service
- Hanjin to levy Asia-Europe surcharge from June 1
- IMO signs strategic counter-piracy capacity building partnerships with UN agencies & EU
- NYK hybrid turbocharger's onboard electric-supply system recognised with excellence award
- Port of LAs April box volume hits all-time high
- RCL, NYKs Thailand-Vietnam-Pearl River Delta service
- Iran curbs push India to lean on UAE for oil
- ChPT proposes to develop dry port, multimodal logistics hub
- JN Port inks agreement with Union Bank to facilitate e-payment
- Major Ports' capacity proposed to be nearly doubled in 12th Plan
- NMPT expects to handle more main line vessels from Africa
- No final decision on Ports Regulatory Authority Bill: Vasan
- Vizag Agriport to develop fertiliser berth at Visakhapatnam Port
- India 46th in global trade logistics performance: WB
|MAY 21, 2012|
- BNSF Railway increases Q1 profit by 16%
The Omaha (USA)-based transport provider BNSF Railway, which owned by Berkshire Hathaway, reported a Q+/2012 net income of USD 789 million, almost 16% more than in the same period ...
- Asiana Airlines doubles Chongqing service
Starting today (21 May), South Korean Asiana Airlines is offering two more flights per week to Chongqing, thus doubling its frequency between Seoul Incheon and the Central Chinese ...
- Bertin SRl and Loxx team up
The German service provider Loxx recently began to collaborate with Bertin Srl (Italy) for shipments to and from Veneto (Italy). The backdrop to the partnership is the restructurin...
- New trailers for Gschwend Transport
The Swiss transport provider Gschwend Transporte recently took delivery of a new single-axle cityliner semitrailer from Kriessner GK Grünenfelder AG. Gschwend, based in Oberreit, w...
- Spain's TCB Railway receives ISO 9001 quality management certification
Spain-based TCB Railway, a rail freight company owned by Grup TCB, has been certified as compliant with the ISO 9001 standard for quality management. The international standard IS...
- Ipsen Industrial Packing inaugurates new export packing centre
A new export packing centre for Ipsen Industrial Packing has been built in Bremen (Germany)'s industrial park. Ipsen, a medium-sized enterprise, officially inaugurated the building...
- Syphax started service to Turkey
The new, privately-owned Tunisian Syphax Airlines started to serve Istanbul-Sabiha Gökcen airport on 19 May. The bi-weekly service that takes off from its hub Sfax (Tunisia) is the...
- Wim Bosman opens branch in Moscow
The Dutch forwarding and logistics company Wim Bosman has further expanded its network in Russia by opening a new branch in Moscow. This branch is an addition to the current presen...
- Agility inaugurates new facility in Malaysia
Logistics service provider Agility has opened a new facility in Penang (Malaysia) to meet growing demand for logistics services in the country. The new facility provides 6,000 sqm ...
- Thai's second Boeing B747-400 cargo freighter enters service
Thai Airways International plc (Thai) has introduced its second Boeing B747-400 retrofitted cargo freighter. It is being operated by Thai Cargo Services. Thai sponsored Ken Theerad...
- Port of Rotterdam Q1 throughput up 3%
The port of Rotterdam reported that its Q1/2012 throughput of 110 million t was 3% higher compared to the same period last year. (it)
- Maersk Line to increase rates on Latin American routes
Denmark-based Maersk Line will increase its rates for USA and Mexico services to Brazil by USD 100 per 20ft, 40ft and 45ft container, while prices from Brazil to Central America an...
|MAY 21, 2012|
- Fairstar Heavy secures $247 million syndicated loan
- Greenpeace blocks bulker from leaving Brazil for U.S. with cargo...
- Rolls-Royce thrusters selected for three new Turkish Navy...
- Tidewater reports fourth quarter results and year end earnings...
- Former captain found guilty of dumping from Mercator Lines...
|MAY 21, 2012|
- Grays Harbor development group eyes Satsop Business Park changes
- Halibut Henry's Cafe now open at Bellingham Cruise Terminal
- Weather conditions put hold on Crowley tow of USS IOWA
- Schnitzer Steel predicts third quarter 2012 slowdown
- NYK hybrid turbocharger nets award of excellence
|MAY 21, 2012|
- China's iron-ore import price hits six-month low
Steel mills redeliver cargo and dampen capesize demand
- Staying within the boundaries
Flag states must not delegate all responsibility to class societies, says Isle of Man registry
- MLC Convention is an overwhelming task
Classification societies gear up to implement MLC Convention
- Owners gear up for ship energy efficiency deadline
Seven months to D-day, the race is on to certify more than 50,000 ships
- Shipdex online manual tool seeks Japanese backers
System updates vessels' operating instructions
- UK Carnival chief hangs tough in choppy waters
Bridge teams should be a democracy, says Dingle
- Supramax secondhand prices trending upward
Vintage tonnage yet to join suit in uptick
- Fairstar lands $247m loan to fend off Dockwise advance
Fresh cash covers outstanding payments for semi-submersibles
- Maersk may make further bond issues this year
Move would overturn previous policy to complete only one sale of debt per year
- Turkey's autogas boom boosts small LPG carriers
Subsidies mean that demand for smaller tonnage could prove short-lived
- Barnes quits American P&I Club to run US broking venture
PL Ferrari and Frank Crystal join forces
- Legal challenge could delay Serco ferry takeover
Rival bidder unhappy with Scottish Executive contract
- Plans for Abbot Point port expansion scaled back
Six out of eight additional terminals scrapped
- Ferry operators fail to overturn Dover tariffs
UPDATED: Trust port to press ahead with privatisation following inspector's report
- Scandlines downplays talk of sale of routes between Germany and Sweden
Speculation over discussions with route partner Stena Line regarding sale of the Trelleborg-Rostock route
- Shipowners support Brussels' anti-piracy efforts
Europe hints at role in setting standards for armed security
- Maritime security industry wants to shape IMO regulation
Players say shipowners should fund the framework
- China's New Order
Political transition sees the Chinese government's usual deft economic touch falter
- Knightsbridge takes Sanko to court
US-listed tanker owner joins queue to sue Japanese shipowner in Baltimore
- Police hunt for ex-Vinalines chairman
New Vietnam shipping scandal follows Vinashin convictions
- Marenave sees KG sell-out as chance to buy bargain ships
Chief executive Tobias König says company is well positioned to benefit from coming changes
- Lloyd Fonds looks to full-year profit
KG house to focus on existing funds
- 'Warfare at the waterfront' as demolition prices slip
Cash buyers look to knock money off high-priced deals
- Save the reef
Shipping has a duty to put the public's mind at rest about the safety of the Great Barrier reef, before the mood turns ugly
- Singapore beats Germany to top spot in logistics performance index
Germans fall to fourth place in World Bank survey
- Vale may launch second floating storage centre for giant VLOCs
Global marketing director names South Korea as possible location
- Gaurav Prem master found guilty in pollution case
Taohim convicted on two charges of obstruction
- India denies bail to Enrica Lexie guards
Kollam court cites flight risk for marines held on murder charge
|MAY 21, 2012|
- Work halted on Cai Mep container terminal
VIETNAM has halted work on a deepsea box terminal in Cai Mep's port, Nguyen Thanh Tinh of operator Gemadept told Fairplay today
- Stena Bulk to spin off expanded LNG business
STENA Bulk, the drybulk and tanker operator, said it plans to spin off its LNG unit and expand it as a separate company
- VLGC rates ease off
THE VLGC spot market appears to be correcting itself from early May's surge
- Knightsbridge targets Sanko
NASDAQ-listed Knightsbridge Tankers is the latest plaintiff to be awarded an attachment against the Sanko Steamship-owned Sanko Mineral
- Japan remains S&P top dog
JAPAN'S sellers are dominating bulker S&P, accounting for half of reported newbuilding resales in the past week
- Fairstar signs for $247M loan facility
FAIRSTAR Heavy Transport said today it has signed a $247M syndicated loan facility led by ING Bank
- Minsheng seeks IPO clearance in China
MINSHENG Shipping has asked the Shanghai Stock Exchange for permission to proceed with an IPO
- PSA, Tianjin bolster ties
PSA HAS said it has "strengthened ties" with Tianjin Port Group in line with development plans for hinterland investments in northeastern China
- Asians assail Panama plan to raise tolls
ASIAN shipowners are opposing a proposal by the Panama Canal Authority (ACP) to raise tolls by 7.4-7.6% from 1 July
- Sale of arrested VLCC illuminates S&P picture
SINGAPORE bunker trader Sentek Singapore has bought a Maroil-owned VLCC that had been under arrest in the city-state since 12 August last year
- Abbot Point port expansion cut back
QUEENSLAND'S government confirmed today it has decided to cut back drastically on the Abbot Point coal port's expansion
- 3 sought after fatal sinking
SEARCHERS are looking today for three crew members missing since a general cargo ship capsized and sank this weekend in the Ionian Sea, killing its captain
- Courage gains property stake
TAIWAN'S bulker company Courage Marine said today it has secured a stake in a Shanghai property from a debtor whom it identified as Jason Chang
- Japan's yards dive to 3-year low
ORDERS for Japan's struggling shipbuilders have dived to a three-year low since the new fiscal year began
|MAY 21, 2012|
- Diesel Prices Fall Below $4 a Gallon
Diesel prices across the U.S. dropped below the $4 gallon mark, declining 4.8 cents in the week ending May 21...
- Tianjin Port Group, PSA International Agree to Develop Port
China's Tianjin Port Group and Singapore-based global container terminal operator PSA International have signed an agreement to further develop Tianjin...
- Economists Forecast Slow Gains Through 2013
The National Association for Business Economics said its quarterly survey of economists foresees continued moderate growth through 2013 as the...
- Cargo Volume Falls at Hong Kong International Airport
Cargo throughput at the world's largest freight airport fell 12.5 percent last month compared to March. Volume through Hong...
- Footwear Sales, Imports Tread Upward
Footwear sales in the U.S. were up 7.9 percent in March, rising to a near-record $2.41 billion, just short of...
- Antwerp to Operate Dutch Rail Terminal
The Antwerp Port Authority has joined a consortium to operate a new rail freight terminal across the border of the...
- Delaware Seeks to Expand Port of Wilmington
Delaware officials are seeking a public-private partnership to expand the Port of Wilmington by developing a $500 million deepwater terminal...
- Eaton to Buy Irish-based Cooper Industries
Industrial manufacturer Eaton is purchasing a global electrical equipment supplier in a bid to create a $21.5 billion power management...
- Savannah Container Throughput Dropped in April
The volume of containers moving through the port of Savannah dropped by 4.2 percent in April from the same month...
- MSC Hikes Rates from Eastern Mediterranean to Chile
Mediterranean Shipping Co. will put a general rate increase into effect next month on all westbound cargo shipped from the...
- Union Gives Canadian Pacific 72-Hour Strike Notice
Just days after William Ackman, an activist investor, wrested control of Canadian Pacific Railroad, the honeymoon is already over. ...
- DHL Opens Distribution and Consolidation Center in Hong Kong
DHL Express has opened a distribution and consolidation center in Hong Kong near to Hong Kong International Airport. ...
- Three Carriers Form West Africa-Europe VSA
Evergreen Line, Hanjin Shipping and United Arab Shipping Co. are teaming up in a new vessel-sharing agreement that will launch...
- Trucking Safety on a Crash Course
Two years after federal regulators launched the Compliance, Safety and Accountability initiative, the program is still incomplete, lacking a long-promised...
- XPO Logistics Itching to Grow
XPO Logistics is willing to suffer some short-term pain in return for long-term gain, taking a first quarter loss of...
- High Transportation Costs Spark Intermodal Growth
You'd be hard pressed to find a better barometer than intermodal traffic of the road ahead for U.S. shippers and...
- Centers of Excellence and Expertise Ease Imports Processing
Few industries can match the repetitive practices of automobile importers. "We use the same carriers. We ship to the same...
- Euro-Crash Threatens Asia-Europe Peak-Season Surcharges
Ocean carriers are walking a tightrope in the Asia-Europe trades as they prepare to raise freight rates for the fourth...
- LTL Carriers in It for the Long Haul
The less-than-truckload landscape changed in the past couple of decades as mergers, acquisitions and company failures shifted market share. Traditionally...
- Easing of PTC Regulations Falls Short of Rail Hopes
The Obama administration's loosening of restrictions on a costly crash-avoidance technology mandate this month did little to bring great joy...
- Legislators Pressed to Review Lacey Act
Retailers, homebuilders and importers are urging Congress to take a fresh look at an environmental law that was amended four...
- Hopes Mount for National Freight Transportation Plan
It's a sad state of affairs when the most anyone can hope for in the next surface transportation bill is...
- Active For-Hire Carriers Growing in Number
Less sometimes is more, as QualifiedCarriers found when it delved into the Department of Transportation data on motor carriers. The...
- Motor Carriers Adapt to CSA
Out on the road, where regulatory aspirations meet reality, the impact of the CSA initiative is easier to sense than...
- On Double-Brokered Loads: The Devil You Know - And Don't Know
Q: I have a question on our liability for a double-brokered load. We brokered the load and, unbeknownst to...
|MAY 21, 2012|
- CI Awards 2012: beat the TUESDAY [May 22] cut-off
- Langh offers new design of steel carrying container
Alaskartano (Finland)-based Langh Ship Cargo Solutions, which specialises in the design of equipment and systems for the shipment of heavy goods, including steel, ...
- South Africa scores well in latest World Bank logistics report
The Washington (DC)-based World Bank's latest survey measuring a country's trading efficiency has seen South Africa register a significant improvement in its performance ...
- MISC still working out its liner pain
Malaysian transport group MISC Berhad's operating profit for the first quarter was ravaged by exit costs from its liner business sector in which it called a final ...
- MOL's on time performance 'badly hit' by port congestion
MOL's average on-time arrival performance for the first quarter of this year in the east-west trades has dropped compared to Q4 2011 as it has been knocked by port ...
- PSA inks new deal with Tianjin
Singapore's PSA has signed a 'strategic co-operation framework agreement' with China's Tianjin Port Group [TPG] designed to develop further synergies between the ...
- Obama tells EU: focus on jobs and growth
Speaking at a meeting of the G8 nations at Camp David, Maryland at the weekend, US President Barack Obama said that there was an 'emerging consensus' that European ...
- ICG's boxes drop 6% against austerity backcloth
The number of containers transported by the Dublin-headquartered, Irish Continental Group's Eucon and Feederlink feeder and domestic services declined by 5.9% to ...
|MAY 21, 2012|
- TransAtlantic AHTS goes long
Swedish offshore vessel about to break out of the spot game after penning Stena drillship support pact with Chevron Canada.
- Noble eyes ETA's frozen funds
Hong Kong trader attempts to unthaw cash tied to Heidmar case after Emirates Trading fails to settle arbitration award.
- Evergreen lines up loop
Taiwanese containership giant prepares to pair of 2,000 TEU vessels to work on Persian Gulf rotation.
- Tidewater tops forecasts
Dean Taylor prepares to leave on a high note as New York-listed offshore giant sees earnings more than double.
- Shell locks in Frontline trio
Time charter rates hold steady despite spot surge as tanker titan ties up series of two-year VLCC fixtures, brokers say.
- Braemar cuts bonuses
Shrinking performance bonuses take a toll on the pay packets of Alan Marsh, James Kidwell and Quentin Soanes.
- Excel fixes duo
Greek owner finds another year's work for two ships, with Iron Vassilis taking $3,000 per day pay cut.
- SinOceanic inks finance deal
Jan Haakon Pettersen-led boxship owner wraps up expensive short-term package to finance costly newbuilding.
- ONGC under fire
SCI and Greatship have a pop at charterer for booking elderly offshore vessels at rock-bottom rates.
- Ferrari links with Crystal
Leading US insurance broker launches marine operation in partnership with top P&I specialist.
- Concern over Vietnamese ships
Country's register says at least 20 vessels detained this year over safety issues.
- Fesco chiefs eye bonus
Russian container line could pay 57% of 2011 profit to its directors.
- Hoegh LNG lands FPSO gig
Sveinung Stohle-led company wins engineering study for floating liquefaction unit.
- Vale to build VLOC hub
Brazilian mining giant may chose Korea for a second trans-shipment hub for its giant ore carriers.
|MAY 21, 2012|
- Taylor, helped drive Customs' AMS with liners, died
Gary S. Taylor, who is credited with bringing the liner carrier perspective to U.S. Customs' development of the Automated Manifest System, died of cancer on May 12 in Palm Springs, Calif. He was 62.
- MSC ends Europe-Central America loop
According to a notice on carrier's German Website, cargo can now reach its Cristobal hub (on the Atlantic side of the Panama Canal) direct via its Europe-WCSA service, and can reach Puerto Limon via transshipment over Freeport, Bahamas.
- APS starts operations in Portland, Ore.
- PSA, Tianjin port ink expansion deal
PSA said the agreement "forms the basis for both companies to seek further collaboration and expansion." The two entities already collaborate on port projects in China.
- MOL's on-time rate drops in 1Q
The carrier said its performance in the first quarter was affected by Asian port congestion, particularly in Hong Kong, Yantian, Singapore, and Shanghai, and bad weather in Europe (as well as fog in Shanghai).
- DB Schenker taps new head of rail automotive
- Lawmaker claims retaliation against FMC staffers
- Hamlin confirmed to Oakland port board
|MAY 21, 2012|
- EU sulphur regulation compromise 'might fly'
Confirmation of strict 2015 limit for ECAs on the cards; EU may move ahead of IMO on general 0.50% sulphur limit.
- Mixed price movements in Rotterdam, Hamburg
Southern European markets also lack direction.
- Small price rises in Fujairah
Players report low demand in Middle East hub.
- Bullish near term outlook for fuel oil
Fuel oil 'probably the most interesting product' at present, says Barclays Capital commodities analyst.
- Oil below $100 expected to be short-lived
Conference hears that supply buffers 'remain slim' and global demand robust despite high prices hurting demand in in OECD countries.
- Shipping caught by 'fatal combination' of falling rates and rising prices
Hapag-Lloyd CEO says rates rises will bring prices and costs 'back into harmony'.
- BP committed to continue deepwater oil projects
After spending $22 billion in wake of Deepwater Horizon disaster, BP says it 'cannot walk away' from deepwater oil projects.
- Hydrogen powered vessel to start commercial operations
'Large tankers could be hydrogen powered in 20 or 30 years,' says fuel cell designer.
- Fuel additive performance claims verified by LR
Product designed to treat many of the quality issues commonly associated with modern marine distillate fuels.
- Price movements lack direction in key Asian ports
Good avails in Asian ports on Monday.
- Fuel homogenisers can lower vessel operating costs, says maker
Producer of CD92 homogeniser claims it can recover up to 80% of sludge content for use as bunkers.
- Asia new 'large market' for LNG use
Industry executive suggests existing LNG terminals can be refurbished to enable bunkering operations.
- Hambantota bunkering facility to be comissioned 'shortly'
SLPA 'vigorously campaigning' to use Hambantota as transshipment hub for vehicles.
- Investors urged to 'increase exposure' to Aegean shares
Aegean has potential to show improved volumes on the back of recent stronger tanker market activity, says Dahlman Rose.
- Gulf Petrochem plans to expand bunker ops at UAE ports
Expansion would meet 'growing requirements' of clients, says Group CEO.