|AUGUST 22, 2012|
- MOL to raise 50pc capacity of its Japan-Indonesia-SE Asia service
- Singapore's APL to quit Westbound Transpacific Stabilisation Agreement
- Shipping industry faces sea change as bigger box ships ply all trade lanes
- MSC declares it will stop all services to Iran to comply with sanctions
- United States cracks down on petroleum product trade to and from Iran
- Hapag-Lloyd reduces quarterly loss on 21pc higher revenue, improved rates
- Maersk pulls back from reefer sector due to high investment, low return
- Fujian's seven-month box throughput grows 9.9pc to 5.79 million TEU
- China's transportation network to hit 4.9 million kilometres in three years
- Shanghai to introduce measures to create world class express business
- Damco first half pre-tax profit rises 42pc to US$51 million, sales up 12pc
- Indian major port April-July container volume flat at 2.62 million TEU
- AP Moller's Lagos container terminal set to handle 720,000 TEU this year
- Port of Baltimore handles record US$51 billion worth of cargo in 2011
- Hot sauce spill at FedEx Memphis cargo hub results in 102 needing treatment
- China Southern's July air cargo volume climbs 9.1pc to 98,000 tonnes
- SIA Cargo adds Sao Paulo to destinations of scheduled freighter flights
- West Atlantic plays role in Airbus abandoning its A320P2F conversions
|AUGUST 21, 2012|
- Caravel Logistics launches new feeder service through Port Pipavav
- Container equipment fleet surges in 2011
- Emirates Shipping Line launches Far East-Gulf Express service
- JBS Academy conducts 'Ship Draft Survey' training at APSEZ
- Kandla Port emerging as global logistics hub: Dr Vaghela
- Major Ports handle 5 pc less cargo in April-July period
- New Mangalore Port, MRPL set to get SPM boost
- US Customs unsure of 100 pc box inspection at ports
- SBI opens branch at Arshiya's FTWZ in Mumbai (Panvel)
- Exports may perk up in Sept.: Sharma
- Exports may slip below $ 300 bn in FY13: Assocham
- Extractors urge govt to cut duty on oilmeal imports
- Import duty on power gear inadequate: BHEL
- INR recovers on fresh dollar selling
- Sharma to resolve widening trade deficit issue with China
- SME exporters earn high profit margins: Crisil
- World economic recovery suffers fresh setbacks, ICC/Ifo survey shows
|AUGUST 21, 2012|
- OAG Cargo gets new vice-president
OAG Cargo, a specialist for the supply of data and information products for the global aviation industry, has selected Alv Hill as interim executive vice-president. The appointment...
- More rest areas in Australia
Regular users of the Bruce Highway between Howard and Childers in Queensland (Australia) now have the opportunity to use a new government-built rest area on the southbound lane. On...
- U.S. Xpress and Maritime-Ontario launch North American shipping partnership
U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, and Maritime-Ontario Freight Lines Limited (M-O), a top Canadian freight carrier, h...
- More Mahan to Malaysia
Exactly one week ago, Iran's Mahan Air commenced scheduled flights between Teheran and Kuala Lumpur. The airline is initially operating two weekly services (due to bilateral freque...
- CN to invest USD 35 million in Wisconsin
The North American railroad CN and Superior Silica Sands have signed a multi-year agreement to move frac sand from a new processing plant now under construction in northern Wiscons...
- Siemens supplies signalling for new line in Algeria
The rail automation specialist Estel RA, a joint venture of the Algerian national company for rail transport (SNTF) and Siemens has been mandated by Algeria's national railway inve...
- Korean Cargo brings B747F back to South America
Korean Air Cargo once again began to operate a Boeing B747 freighter service to South America last week (week 33). The aircraft is routed via Lima (Peru) and Sao Paulo Viracopos (B...
- Air Astana increases service to Delhi and launches Beijing route
Starting today, 21 August 2012, Kazakhstan-based Air Astana is increasing its Almaty - Delhi service. It now operates this route five times a week instead of three. Starting on 25...
- Yusen Logistics now active in Bangladesh
Yusen Logistics has established operations in Bangladesh which will open for business on 15 October. The company stated that Bangladesh, among the "Next 11" emerging econ...
- TNT Express: road delivery for Tencent in China
TNT Express has signed a deal to become the primary road delivery service provider in China for Tencent, one of the country's largest internet service companies. Under the agreemen...
- AEB selects new general manager for Asia-Pacific
AEB (Asia Pacific) Pte Ltd has appointed Thomas Halliday as its new general manager. He will be based in Singapore and is to focus on growth across APAC region. Halliday, who was m...
- Hapag-Lloyd names new vessel "Hamburg Express"
The Hamburg (Germany)-based shipping company Hapag-Lloyd held a ceremony at the HHLA Container Terminal Altenwerder (CTA) to name its first 13,000 teu vessel "Hamburg Express" on ...
|AUGUST 21, 2012|
- FPSO conversion starts at Brazil's former Ishibras
- Chouest to hire 250 to 500 employees for LaShip shipyard
- USMMA gets "space" ship for training
- Conrad Industries adds to backlog
- Imtech system nominated for innovation award
- Kvichak delivers utility vessels to Superior Energy
- Cummings urges Obama to support Jones Act in SPR draw down
|AUGUST 21, 2012|
- Columbia River Crossing added to President's We Can't Wait list
- Crowley rejoining tanker trades with purchase of new Jones Act ships
- World Trade Center Tacoma schedules annual Globe Awards
- Trucks earn safety stickers at Port of Tacoma workshop
- Coast Guard teams with National Guard in Columbia River training exercise
|AUGUST 21, 2012|
- Global aframax earnings fall to lowest point so far this year
Baltic Sea earnings hit lowest point on record despite slow steaming in the region picking up
- IMO gears up for critical nickel ore meeting
Safety concerns rekindled by Vinalines Queen casualty
- Can test is not reliable
Trade association insists there is no rough and ready way to check safety
- Chinese coal demand faces stormy prospects
Steam coal imports have defied drop in power consumption - but for how long?
- MSC Flaminia to be inspected before sailing into German waters
NSB has yet to confirm which port will accept stricken boxship
- Jury is out on South Korean government shipyard finance boost
Policy may not be easy to implement
- Five-year-old capesizes and VLCCs worth the same on dollar per dwt
Baltic Exchange's sale and purchase assessments show continued decline in values
- MSC Flaminia gets help from Germany
Agreement to take stricken boxship in German waters raises questions over selection of place of refuge
- Colombia resumes coal exports as rail workers end month-long strike
Dispute halted some 4m tonnes of bulk movements
- Burden of Seychelles piracy trials must be eased, says UK report
House of Lords also warns on transferring pirates back to prisons in Somalia
- Rongsheng results reveal slump in cash reserves
Updated: Efforts to retain orders by extending order deadlines hit cashflow
- Iron-ore market loses faith in swift demand recovery
Price of 2013 futures falls below $100 per tonne
- Dover sees fall in haulier demand
Port facing privatisation reports dip in freight and passenger traffic
- Torm's losses and debts deepen
Weak market increases owner's second-quarter loss
- Shipbuilder P+S to file for insolvency
State aid is insufficient for German group's rescue plan, says company chief Rüdiger Fuchs
- Crowley buys Jones Act product tanker pair from Aker Philadelphia
Shipyard relieved after $250m deal for speculative newbuilds
- Drewry sticks to 6% growth forecast for box terminals
Annual report says emerging economies will show strongest increase, with container demand 'quite flat' in Europe and little growth in North America
- James Fisher reports strong growth
Group buoyed by 'robust' demand for specialist technical and offshore units
- Raveh to step down from Zim
New chief financial officer to be announced in days
- Navios Acquisition posts loss despite soaring revenues
Angeliki Frangou contrasts tanker company growth story with struggling peers
- Experts urge Nigeria to rethink its stance on private maritime security
Contracts that generate interest and controversy are a 'double-edged sword'
- Nigerians hold the solution to piracy and oil theft
Focus needs to be on answer that is not security dominated but one that involves the community
- GasLog remains bullish despite loss
Revenues will quadruple by 2015 as LNG fleet expands
- Privalov to face criminal charges over Sovcomflot role
September date set for $67m misappropriation hearing
- DSF benefits from international bank withdrawal from ship finance
Copenhagen financier will support credit-worthy Danish interests
- Recession in Europe weakens DFDS results
More turbulence ahead as 'difficult' cross-Channel start-up faces new competition
- Pirates' monsoon washout
Attacks on ships are way down thanks to strong winds, heavy rain and big waves - but let's see what happens when the sea calms down
|AUGUST 21, 2012|
- Breaking prices surge
INDIAN breakers were about the only ship recyclers in action last week, with Bangladesh and Pakistan celebrating the end of Ramadan
- Browse to be floating scheme?
ROYAL Dutch Shell has bought Chevron's interest in the Browse LNG scheme in Australia, which could become a floating project, IHS World Markets Energy reported today
- Jiangnan HI's profits drop by 87%
CSSC TODAY said profits dropped by 87% year on year in H1 of this year at its Shanghai-listed subsidiary Jiangnan HI
- Navios raises tanker cover
ANGELIKI Frangou's tanker company Navios Acquisition today reported further progress in securing long-term charter coverage
- Havila issuing $89M in bonds
HAVILA Shipping, the Norwegian offshore service vessel owner, said it is issuing 500M kroner ($89M) in bonds
- GasLog touts LNG fundamentals
NYSE-listed GasLog, the newest entrant to the US public markets, today forecast continued LNG strength, driven by project developments
- TORM loses five times more
TORM SAID today its interim losses for 2Q12 were more than five times those of the previous-year period
- Korea Line issues shares
KOREA Line issued 653,143 shares today to several companies that include some of the restructuring group's creditors
- DFDS issues profit warning
DFDS, the listed Danish ferry and logistics company, has issued a profit warning after reporting a sharp drop in 2Q12 profits
- Indonesian coal lifts Panamaxes, Supramaxes
A RISE IN Indonesia's thermal coal fixtures has injected more business into the Asian Panamax and Supramax market
- VLGC rates reach 2012 high
FREIGHT rates to ship LPG on the benchmark Persian Gulf/Far East route have hit a 2012 high of $77.219/tonne
- Yard resales rule bulker S&P
BUYERS are exploiting lower asset prices, producing another fruitful week for Chinese yards that are holding cancelled newbuilding orders
- RSHI profits fall (just) 82%
OUTSHINING other yards in China, Rongsheng HI today unveiled profits of 216M yuan ($34M) for the first six months of the year
- GO unveils slip in profits
GOLDEN Ocean, the listed drybulk group in John Fredriksen's business empire, predicted today that tonnage oversupply is likely to delay a major freight rate recovery
- Trans-Pacific box rate gains gone
TRANS-Pacific box rates have dropped off since posting substantial gains, suggesting the third-quarter peak season remains fragile
|AUGUST 21, 2012|
- MSC Flaminia to Be Towed to German Anchorage
The fire-damaged container ship MSC Flaminia will be towed to a sheltered anchorage in German waters for evaluation before it...
- BlueGrace Named Fastest-Growing Logistics Operator
BlueGrace Logistics, Riverview, Fla., increased its revenue 7,368 percent over three years to $63.6 million in 2011, making the Florida-based...
- Kings Point to Get New Training Ship
A ship used for recovery of solid-fuel rocket boosters from the space shuttle will be converted for use as a...
- DFDS Slashes 2012 Earnings Guidance
Denmark's DFDS cut its 2012 earnings guidance after Europe's largest short-sea shipping and logistics group's second quarter profit slumped amid...
- Taiwan, Thailand Downgrade Export Forecasts
The Asian export outlook continues to weaken, according to the latest export forecasts from Taiwan and Thailand. Taiwan export...
- China Ports' TEU Share Hits 30 Percent
China's container ports now handle 30 percent of international container volume, which has more than doubled in the last decade,...
- NYK Line Sets Oct. 1 Atlantic Rate Increase
NYK Line said it will implement an Oct. 1 general rate increase for trans-Atlantic cargo. The increase will...
- Crowley Buys Two Jones Act Tankers
Crowley Maritime Corp.'s petroleum and chemical transportation group has purchased two 45,800-deadweight-ton tankers Aker Philadelphia Shipyard has been building on...
- Derailed CSX Train Kills Two Outside Baltimore
A CSX Transportation train hauling coal derailed shortly after midnight Tuesday outside of Baltimore, killing two women who were on...
- Carriers Won't Fight APM's Virginia Bid
Mediterranean Shipping Co. and CMA CGM say they no longer object to a proposal by APM Terminals to take over...
- Caravel Logistics Launches India-Mideast Feeder Link
Caravel Logistics has launched a feeder link between India and the Middle East. From Port Pipavav on India's west...
- HKIA Extends Year-Over-Year Decline
The world's largest freight airport saw a slight month-on-month increase in volume during July, but growth compared to 2011 remained...
- Emirates Shipping to Launch Far East-Gulf Service
Emirates Shipping Line plans to expand its intra-Asia service network by buying slots on the Pacific South & Gulf Service...
|AUGUST 21, 2012|
- Zim Line's CFO resigns
It has been announced that Zim Line's much-liked chief financial officer Allon Raveh (in photo) will leave the company by the end of the year. No replacement has ...
- Angola to invest in Cabinda
Angola's Minister of Transport has announced that the government is prepared to spend USD1 billion over the next five years on improving port infrastructure in ...
- Russian trade hits the rocks
Russian ports joined the rest of Europe in terms of declining container cargo growth in the first half of the year. St Petersburg's growth reached just 1.5% compared ...
- Wan Hai and MOL merge Intra Asia loop as volumes in SE Asia/Japan jump
Taiwan's Wan Hai Lines (WHL) has announced that it is merging its New Super 1 (NS1) service with MOL's CHS3 sling, creating for both more capacity and a wider geographical ...
- Tacoma's volumes soar on back of new GA string
Container volumes through the US Pacific Northwest Port of Tacoma have soared by 20% year-on-year on the back of the new Grand Alliance (GA) service that it won ...
- China's growth under pressure
That was the stark message given by Chinese Prime Minister, Wen Jiabao, at the weekend. He said that the nation's economy was 'under pressure' and that it is facing ...
- Lords change view on armed guards
The UK's House of Lords EU Committee for External Affairs has published a follow-up report on Somali piracy in which it says that it has 'changed its view on the ...
- MSC Flaminia: set to enter German waters
|AUGUST 21, 2012|
- CMA CGM beefs up board
France's largest containership operator has recruited three career politicians to join its board of directors.
- CSDC scraps again
China Shipping Development has continued its scrapping drive after selling one of its ageing bulkers to be chopped up in its homeland.
- Navios narrows deficit
Angeliki Frangou's Navios Maritime Acquisition posted a second-quarter loss Tuesday despite a 38% surge in revenue.
- Farstad rues oversupply
Norway's Farstad has lamented the rapid increase in the number of platform supply vessel newbuilds hitting the water.
- Germany pulls the plug
Cash-strapped German shipbuilder P+S Werften is filing for insolvency after the state pulled the plug on rescue funding.
- CSDC record ended
China Shipping Development has chalked up its first half-year loss as a listed company.
- Boa charter chopped
Singapore's Emas AMC is not extending its charter of a BOA OCV deepwater subsea vessel.
- Floatel firms Keppel rig
Floatel has firmed up a contract with Keppel FELS for a $315m accommodation rig.
- Privalov stands trial
Sovcomflot's former London chief Yuri Privalov is to face court action in Russia on charges of embezzling $67m of the company's cash.
- Raveh leaving Zim
Zim CFO Allon Raveh is to leave at the end of the year, with a successor due to be announced within days.
- GasLog on the nose
GasLog has again promised to pay a dividend by the end of the year after hitting Wall Street forecasts on the nose in the second quarter.
- Fun on the Fringe
Shipping is not a laugh a minute right now so we have borrowed a one liner from the funniest man at the Edinburgh Fringe Festival to help brighten up your day.
- MEO surge goes on
Miclyn Express Offshore has completed a stellar full year thanks to its rapid expansion.
- Doychev freed
Bulgarian shipowner Doychin Doychev has been released from police custody after an initial hearing in his drugs-bust case.
- Fire hits German bulker
Firefighters have tackled a small blaze on an Oldendorff Carriers bulker in New Zealand.
- Rongsheng rocked
China Rongsheng Heavy Industries laid bare the challenging picture for the Chinese shipbuilding market after seeing its first half profit collapse.
- End of the road
A 1974-built cargo ro-ro has been put up for sale by its Fijian owner.
- DFDS sees headwinds
Danish ferry operator DFDS has dimmed its full-year forecast after making a difficult start to life in the English Channel.
- Havila hits the mark
Havila Shipping has finished its latest trip to the bond market more than $80m to the good.
- CNOOC adds one
Chinese oil company CNOOC has ordered an offshore installation ship at a CSSC shipyard.
- Tanker gains for Fisher
UK shipping group James Fisher has posted a bigger profit in the first six months as its small products tankers enjoyed a spot-rate boost.
- Torm loss deepens
Torm continued to burn cash in the second quarter as it fought to remove the financial black cloud hanging over its head.
- Mixed for GOGL
Norwegian bulker owner Golden Ocean (GOGL) has survived a weaker second quarter to turn around its loss over the first six months.
- Cape pair head for demo
Two more early-1990s capesize bulkers look to have been sent for demolition in the face of poor freight rates.
- Aegean eyes Hong Kong
Aegean Marine Petroleum Network plans to expand its global network by establishing operations in Hong Kong.
|AUGUST 21, 2012|
- ILA protests military cargo handling in Charleston
The union contends the Marines are allowing Jacksonville, Fla.-based Portus Stevedoring Co. to move its military cargo operation from Jacksonville to Charleston to bypass the use of ILA workers in Charleston.
- BlueWater Reporting to release West Coast port call analysis
- Manhattan provides growth to Fantastic Holdings
- Report: Sustainable supply chain to benefit food shippers
- Drewry: 800 million TEUs in global throughput by 2017
Nearly one in three TEUs on a global basis is now handled at a Chinese port, compared to 19 percent in 2002. Meanwhile, global container volume rose to 588.8 million TEUs in 2011, compared to 279.3 million in 2002.
- Emirates joins Asia-Mideast leg of GA/Hanjin loop
- Low water stalls Mississippi barge traffic
The Army Corps of Engineers is trying to dredge the river channel in areas to keep commodities flowing, but many shippers complain they have to ship lighter loads to ensure vessels don't hit bottom.
- Flaminia owner hopes to enter German waters
- Cadec extends performance management scorecards
- MSC raises Med-U.S. rates in October
- New international maritime labor regs ratified
The ILO Maritime Labor Convention (MLC) was recently ratified by Russia and the Philippines, meaning the required 30 ILO member states had approved the international regulation. It goes into effect from August 2013.
- CSX derailment near Baltimore kills 2
- Washington Notebook: FDA's F.U. inspection sounds worse than it is
- Crowley adds 2 new Jones Act tankers
- Registry for U.S. apparel, footwear suppliers
- Zim CFO to leave at year's end
- CMA CGM adds 3 directors
|AUGUST 21, 2012|
- Bominflot expands Mediterranean operations
Company has extended its Spanish supply operation to the Ports of Alicante and Castellon.
- Containerships set to become ever larger
Average capacity has increased 25% in the last four years.
- Market mainly firm in Fujairah
Suez prices lack direction.
- Markets lack direction in North West Europe
No congestion in Rotterdam.
- Noble Group declines to comment on Tolson departure
Source says it is 'business as usual' at Singapore office.
- Contract for LNG bunkering report goes to Germanischer Lloyd
Study will help in the drafting of EU-wide standards.
- Shipbuilder sees profits collapse
But Rongsheng predicts 'enormous demand' for fuel-efficient vessels when recovery beings.
- Bunker prices show little movement in Asian hubs
Supplies of bunker fuels were fine at key Asian ports on Tuesday.
- American scientists discuss alternative bunker fuel
Material releases 15% lower soot-like particulates with 26% lesser nitrogen oxide emissions.
- Scottish ferry operators order fuel efficient thrusters
Vessels to be fitted with Rolls-Royce thrusters at Cammell Laird shipyard.
- Titan court hearing adjourned to early September
Extension granted by Bermuda court after inital hearing of SPHL's petition on August 16.
- Hong Kong supplier takes 'cautiously optimist approach' for 2012
Credit risk 'an area of concern', says Chimbusco Pan Nation Petro-chemical spokesman.