|MAY 23, 2012|
- Ship scrapping accelerates, but fails to offset tonnage in market
- CSCL's 14,074-TEU Neptune surpasses upper size limits of expanded Panama
- Far East transshipments to be hit as MSC ups westward rate from east Med
- Ferry collision causes Gdynia Baltic Container Terminal crane collapse
- Ship bargains galore as market slows down: Malaysian Shipping Association
- Wuhan box train to Ulan Bator, city's first international rail link
- Hebei ports volume up 8.8pc to 252 million tonnes in first four months
- Jiangsu's Dafeng port launches shipping line to Pyeongtaek, South Korea
- China's e-commerce demands more sophisticated, comprehensive distribution
- Nairobi upgrades Kenya Ports Authority from 'good' to 'very good'
- Container terminal future bright as Turkey's new main highway swings by
- China Southern's April cargo volume grows 7.2pc to 103,400 tonnes
- Air China's April cargo throughput down 11.7pc to 93,300 tonnes
- DHL sets up international centre in Hong Kong to enhance HK-US delivery
|MAY 23, 2012|
- Essar Shipping net jumps to 55 cr. in Q4
- MOL Rate fluctuations a necessity in shipping: MOL UK head
- Handicraft exports climb 11 pc to $ 227 m in April
- Iron ore export projected to hit record low in FY13
- Panel proposes export of 2 mt wheat from govt reserves
- Adani Enterprises' consolidated income up 49 per cent in FY 12
- Vizag harbour project to be completed before schedule: Leighton
- Arshiya Rail Infrastructure inks rake leasing agreement with GATX
- Govt mulling allowing export of skimmed milk powder
- Great potential to boost trade with LatAm, Africa: Scindia
- India now importing iron ore
- EU envoy expects to seal FTA with India this year
|MAY 22, 2012|
- Around EUR 400 million to be ploughed into Carinthia's motorways
Asfinag, the company that finances Austria's motorways and high-speed highways, plans to invest more than EUR 400 million in widening and modernising motorways in the state of Cari...
- Hellmann Worldwide Logistics steps up rail transport services
Hellmann Worldwide Logistics, an Osnabruck (Germany)-based logistics service provider, began to operate a rail solutions service for urgent general cargo shipments in 2004. Now Hel...
- Irún - Jundiz (Vitoria) rail link terminated
The Spanish rail service provider Renfe terminated the Irún - Jundiz - Irún service on 6 May 2012. The move was due to lack of demand. The German intermodal transport provider, Kom...
- Logesta celebrating tenth anniversary
Logesta, a Spanish company that specialises in long-distance road haulage, increased its economic sales from EUR 36.8 million to EUR 137.84 million in the last ten years. In ...
- OOCL to increase rates
With effect from 15 June, Orient Overseas Container Line (OOCL), a subsidiary of Orient Overseas (International) Limited (OOIL), will apply a general rate increase (GRI) of USD 200...
- JadeWeserPort joins SPC
The German port implementation company JadeWeserPort Realisierungs GmbH became a member of the association that supports the Bonn (Germany)-based ShortSeaShipping Inland Waterway P...
- France: Frédéric Cuvillier new minister of transport
Frédéric Cuvillier has become minister of transport in the new French government. Nicole Bricq, the minister of the environment, will be the deputy minister for transport and the m...
- Hong Kong airport prolongs CEO's term of office
The Airport Authority Hong Kong (AAHK) is extending its CEO Stanley Hui Hon-chung's term of office by two years from 1 February 2013. Hui was appointed CEO of AAHK in February 2007...
- FAA proposes USD 395,850 civil penalty against US Airways
The USA's Federal Aviation Administration (FAA) is proposing a USD 395,850 civil penalty against US Airways Inc, based in Tempe AZ, for allegedly violating the US Department of Tr...
- Boeing delivers UK Royal Air Force's eighth C-17 Globemaster III
The US aerospace giant Boeing recently delivered the United Kingdom's eighth C-17 Globemaster III to the Royal Air Force (RAF). The first RAF C-17s entered service in 2001 and have...
- Cargolux launched weekly service to Manaus
Luxembourg-based Cargolux Airlines International launched a B747-400F airfreight service to Manaus (Brazil) on 18 May. The city is the capital of the federal state of Amazonas whic...
- Flash Europe takes over Roberts Europe
The express logistics company Flash Europe took over the direct courier service provider Roberts Europe, based in Maastricht (Netherlands), with effect form 10 May 2012. Details of...
- Post Nord AB gets the go-ahead for two acquisitions
The Danish-Swedish mail service provider Post Nord AB posted a Q1/2012 turnover of SEK 9.993 billion (EUR 1.093 billion), a slight decrease of less than 1% compared to the previous...
- GLS and Itella Logistics working together in the Baltic region
The GLS Group has teamed up with Itella Logistics for the export and delivery of parcels to Lithuania and Latvia. As both parcel specialists have already been working together in E...
|MAY 22, 2012|
- LPD 23 completes successful builder's sea trials
- Freire delivers research ship to Qatar
- Graig to supervise ten more bulker newbuilds at Jiangsu...
- BMT Nigel Gee to provide vessel designs to Estonia's BLRT...
- American Club e-learning module deals with VGP compliance
- T.O.S. takes delivery of portable tug trainer simulator
- Coast Guard compliance chief sounds alarm on U.S.-flag ship...
- GL and MAN study looks at LNG as containership fuel
|MAY 22, 2012|
- OOCL warns of possible strike against Canadian Pacific Railway
- ATA truck tonnage index lower during month of April
- MOL to begin new service covering China/Middle East
- WSF releases draft plan for new Mukilteo Ferry Terminal
- APL nets Coast Guard honor for marine environmental protection
|MAY 22, 2012|
- Gibraltar Strait eyes hub growth
Regional transhipment capacity will nearly double by 2015
- Algeciras and Tangier gear up for bigger ships
Ports position themselves for ultra-large containerships
- Arab Spring casts spotlight on labour
Moroccan port workforce joined calls for reform
- China feels the pinch
Economic planners change their tune as trade slows
- A flat marine market is no bad thing
Things could be worse after year of record natural catastrophes
- P&I clubs say results are robust in spite of high claims volatility
Turbulent and and uncertain investment markets also take toll
- Downturn claims youngest vessel sold for scrap
Youngest vessel to be demolished since global financial downturn began
- Tyne urges Liverpool to repay cruise terminal grant in full
UK northeast port calls on European Commission to investigate past funding
- Germany's smaller owners fear looming insolvencies
Small and medium-sized outfits heading for crisis without a recovery in charter rates and support from the banks
- Costa reacts first to Greek cruise liberalisation
Costa Atlantica headed for Crete and Rhodes this summer
- Cargo uptick fails to push aframax market out of stupor
Asian time-charter deal at $9,500 per day fails
- Sanctions among 'array of problems' vexing shipping
Greek shipowners' leader Theodore Veniamis sounds confident note ahead of Posidonia 2012
- Panamax market in 'stand off' between owners and charterers
Spot rates set to continue declining over the next week as more tonnage becomes available
- Defendant's absence disrupts Novoship trial
Unclear when Mr Mikhaylyuk will be well enough to attend court
- Almi hires ex-UBS man to secure finance for future LNG spree
Souyoutzoglou to secure funds for projected $1.6bn fleet expansion
- Sevan on track with FPSO Sevan Voyageur delivery to Teekay
Offshore specialist posts $8.1m first-quarter net profit
- Costa Allegra repairs still on hold due to possible sale
Cruiseship remains berthed at Fincantieri Shipyard
- Athens and Korea stock exchanges agree shipping listings pact
Dual-listed owners tap a larger investor pool, claim bourses
- Double standards
Given the different attitudes that exist across the IMO member states, it will be difficult to find common ground on standards for armed guards
- Damco unveils east-west split for Europe
Logistics firm divides business between mature and emerging markets
- Cobelfret received no 'special treatment' to drop Sanko claim
Belgian firm among three claimants pursuing Japanese operator in Baltimore court
- China's thermal coal and iron ore orders face default or delay
At least six coal cargoes re-offered on discount
- Drought threatens next Australian grain harvest
Forecast drop in exports could get worse
- Seaway pipeline reverses its flow
Pumping oil out of US flags long-term export trend
- Vale denies cutting out Cosco
Mining giant says it has chartered seven Cosco ships this year
- Graig China to supervise Global Union suezmax contract
Unit of Cardiff-based Graig to oversee building of 10 tankers at Rongsheng
- Liverpool must repay grant to target turnaround cruise calls
UPDATED: Rivals say port must repay all public funding
- DFDS reports revenue drop
UPDATED: Falling UK demand and North Sea overcapacity erode first-quarter results
- Singapore's rising star
Singapore should find a way to bottle its initiative and sell it to other hubs
- French unions call STX strike
Demand for nationalisation of St Nazaire yard
|MAY 22, 2012|
- Sasebo profits plunge 84%
JAPAN'S shipbuilder Sasebo HI said profits for the fiscal year that ended 31 March 2012 plunged 83.6% year on year to ¥734M ($9.2M), from ¥4.478Bn
- Upside seen for box shares
CIMB Securities today predicted shares for box shipping groups, which slid over the past fortnight, would rebound in 2H12
- Capesizes defy weak breaking sector
SALES of Capesizes for demolition are defying the slide in ship scrapping prices
- DFDS stumbles to losses
DANISH shipping and logistics group DFDS ran up 110M kroner in net losses ($19.9M and €14.8M) during the first quarter, from profits of 7M in that period of last year
- Boyden debuts drybulk ratings
GLOBAL Hunter Securities officially unveiled its drybulk coverage today, led by veteran analyst Natasha Boyden, who left Cantor Fitzgerald in March
- Iran crude gets through
INDIA'S Mangalore Refining & Petrochemicals obtained insurance from an unidentified Iranian provider for a crude cargo from Iran, IHS World Markets Energy reported today
- SinOceanic gets $164M
LOAN DEALS have raised $164M in short-term funding for SinOceanic Shipping
- 'KG Nouveau' predicted
GERMAN shipowners are preparing for stark changes in how they raise equity, Germany's VDR shipowners' association told Fairplay today
- Chinese LNG imports seen rising 40%
CHINA is expected to import 18.1Bn m³ of LNG this year, up 40% from last year, the Shipping China 2012 conference heard today in Shanghai
- Panamax bulkers trend down
RATES for Panamax bulkers are falling nearly across the board, with only Continent/Far East routes bucking the trend
- VLCC rates surge on fixing for June journeys
BROKERS told Fairplay today VLCC owners fixing already for June are giving the sector reason for optimism this week
- Sanko cancels LPG ship order
EMBATTLED Japanese shipowner Sanko Steamship has cancelled a very large gas carrier ordered at compatriot yard Sasebo HI
|MAY 22, 2012|
- For-Hire Truck Tonnage Dips 1.1 Percent in April
For-hire truck tonnage dropped 1.1 percent in April from March, but grew at a slightly faster year-over-year pace, 3.5 percent,...
- NY-NJ Port Authority Seeks Back Rent From Auto Processor
The Port Authority of New York and New Jersey said it has given the port's largest auto processor eight days...
- US Third-Party Logistics Revenue Up 5.9 Percent
U.S. third-party logistics providers' net revenue rose 5.9 percent in 2011, led by domestic transportation management and value-added warehousing and...
- Truckload Capacity Flattening, Survey Shows
Capacity at a group of seven large truckload carriers dropped 0.6 percent from a year ago in the first quarter...
- Labor Minister Attempts to Prevent Canadian Pacific Strike
Canadian Labor Minister Lisa Raitt plans to meet with representatives of Canadian Pacific and a railroad union today in an...
- Ocean Carriers Plan to Double Scrapping This Year
Ocean carriers and shipowners are set to scrap container ships totaling more than 200,000 20-foot equivalent units capacity in 2012,...
- Damco Volume Grew in First Quarter
Damco, the logistics unit of the A.P. Moller-Maersk Group, posted increases in first quarter volume, revenue and gross profit, but...
- RailAmerica for Sale, Report Says
The owner of RailAmerica, a short line and regional railroad holding company, is reportedly trying to find a buyer for...
- DFDS Faces First Quarter Losses
DFDS, Europe's biggest integrated short sea shipping and logistics company, slumped to a 97 million Danish kroner [$16.7 million] pre-tax...
- New Geared Container Ship Joins Safmarine Fleet
Safmarine took delivery of its latest container ship on Monday, the Safmarine Chachai, which was specially built for the African...
- Hapag-Lloyd to Raise India-Europe Freight Rates
Hapag-Lloyd will implement a general rate increase on its services from India to Europe and the Mediterranean. The planned...
|MAY 22, 2012|
- Safmarine takes control of latest WAFMAX ship
Safmarine has taken control of its third 4,500TEU capacity WAFMAX-class ship. The vessel will be deployed in the carrier's weekly Asia/West Africa service which ...
- Geodis Wilson launches trucking between China and ASEAN
Logistics company Geodis Wilson has announced that it is expanding its truck operations in Asia to include China - an extension of its existing routes through Singapore, ...
- Evergreen starts South Asia/Middle East shuttle service
Evergreen Line is to start a new service between southern India/Sri Lanka and the Middle East in early June. According to a brief announcement issued by Taiwan's ...
- TPT adds new cranes in Durban
Durban-based Transnet Port Terminals (TPT) has taken delivery of the first two in a series of six mobile cranes for its multipurpose Durban Ro-Ro Maydon Wharf Terminal ...
- MOL ups its coverage of China/Middle East via new partnership
MOL has boosted its coverage of the China/Middle East market by joining K Line, Pacific International Line (PIL) and Wan Hai's existing service next month.Dubbed ...
- Ruscon to improve Russian rail service
Ruscon aims to improve the reliability of its rail services in Russia through the provision of more owned railway equipment. The Russian-based logistics agent has ...
- Thai economy resurfaces after floods
After suffering the worst floods in more than half a century in 2011 - stymieing manufacturing and prompting production suspensions around the world, as shipments ...
- Second-time also lucky for Karin Schepers
A report by the UK's Marine Accident Investigation Branch [MAIB] on the investigation of the grounding of the BG Freight-chartered 803TEU Karin Schepers off the ...
- Freight rates cruising for a bruising
The latest information from the Shanghai Shipping Exchange (SSE), which is supported to some extent by the World Container Index, shows that the comparatively high ...
|MAY 22, 2012|
- Solvang cited
US Coast Guard port inspections result in detention of Norwegian gas carrier, OSG tanker, ER Schiffart boxship and others.
- Sanko Mineral still in custody
Cobelfret won't be given a better seat at the bargaining table after dropping claim as talks to free ship continue, Sanko says.
- Let's make a deal
Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.
- Golar LNG Partners downed
John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.
- Boyden back in business
Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.
- MOL joins rivals
Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
- DFDS falls to a loss
But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
- Dung on the run
Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
- Will you see an end product?
Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
- Dark day for boxship
Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
- Vale rubbishes boycott talk
Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
- Yard window wide open
Deutsche Bank spots an opportunity for investors in South Korea's major shipbuilders despite economic black clouds.
- Sevan switches to black
Teekay-controlled FPSO firm books a profit in the first quarter as restructuring efforts near an end.
- Passenger in toilet trouble
UK man avoids jail after storming bridge of Red Funnel ferry in search of convenience.
- US shipping stocks see rally
Frontline, OSG and Eagle Bulk all up over 10% Monday as Wall Street snaps a six-day losing streak.
|MAY 22, 2012|
- World Bank sees logistics performance slow down
"Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled," said bank official Otaviano Canuto.
- Flextronics: U.S. sourcing may shift more to Mexico
Company projections show Mexico will become a cheaper production route for getting goods to the United States over the next 10 years as prices in Europe and China flatten out due to continued increases in transportation costs.
- GAO says information-sharing reduces duty evasion
CBP urged to create a policy and a mechanism for sharing information among ports regarding the use of higher bond amounts to help prevent evasion of antidumping and countervailing (AD/CV) duties.
- Maersk's truncates Expreso loop
The ocean carrier has converted its North America-to-Central and South America Expreso service into an exclusive Central America feeder, dropping previous calls in the Gulf Coast of the United States and Mexico as well as the north coast of South America.
- NVO Countdown - No. 8
In the 12-month period from May 2011 through April 2012, SeaMaster Logistics, a Hong Kong-based subsidiary of New Jersey-based Summit Logistics, moved 133,805 TEUs on U.S. inbound trades.
- Iran sanctions worry Asian shipowners
- MOL joins Far East/Mideast loop
- Geodis Wilson expands Asia trucking in China
- CaroTrans adds breakbulk, ro/ro unit
- COSCO hikes Asia-ECSA rates
- Safmarine gets new Africa-specific ship
- Canadian labor minister summons Teamsters
- SC exec arrested for illegal exports to Iran
- Zim sets peak season surcharge
- Latin America growth lures Asia 3PL
- SBS makes Hansen VP of U.S. Southeast
- GPI to serve Virgin in Japan
- U.S. Ex-Im Bank works with Colombian bank
- U.S. allows celery, arugula, spinach from Colombia
|MAY 22, 2012|
- APL receives premier environmental award
'We hope that our award win will serve as an industry benchmark and encourage others to similarly strive for environmental improvements.'
- EU moving towards early date for 0.50% sulphur limit
Environmental groups welcome commitment that EU 'wants cleaner fuels earlier rather than later'.
- North European bunker markets firming on Tuesday
Good demand and avails in Hamburg.
- Little movement in Fujairah bunker prices
No 180 cSt avails in Cape Town until further notice.
- Noble Bunkers to enter Gulf of Mexico bunker market
Player plans to supply ECA Compliant fuels.
- Supplier sees surge in bunker sales in Russian Far East
Rosneft's volumes up by 34% in Q1.
- Eqypt to 'more than double bunker volumes'
Growth to come on the back of the the opening of bunkering facilities at Port Said East Port on the Suez Canal.
- Ferry operator reports 'challenging market'
DFDS blames higher bunker prices for increased costs.
- Bunker prices climbing in Asian ports
No reports of problems with avails.
- Managing director leaves Singapore office of Fratelli Cosulich
Ronnie Yeo to pursue new roads and career opportunities, says board member.
- Singapore ship chandlers and bunkering trade up in Q1
Increases were 'due largely to higher prices compared to a year ago', says Department of Statistics.
- Canadian oil firm 'evaluating' future of Dartmouth refinery
Imperial Oil's Dartmouth refinery produces marine fuels, among other materials.
- Staff promotion at Marinoil
Amelia Chapa has been promoted to sales manager.