|JULY 23, 2012|
- Maersk to hike rates on major trade lanes worldwide in August and September
- Asia-Europe rates down 4.6pc to US$1,667/TEU, all major routes slide
- Jeddah clogged with loads from 14,000-TEUers as Damman congestion clears
- US court denies ICTSI plea, declares Portland dockers' go-slow legal
- Syrian container trade declines 20pc in first half as civil war rages
- INTTRA, SeaIntel devise information flow on box delivery reliability
- Evergreen to receive first of 20 Samsung 8,000 TEUers in July
- Maersk increases US-Australia/NZ rates $175/TEU from August 15
- Kenya's increasing volumes prompts Mombasa to tackle port congestion
- Konecrane wins order for 12 RTGs for Togo's Lome Container Terminal
- Korean Air back in black in second quarter after US$33 million loss
- Canada fines Korean Air US$5.4 million for role in cargo price-fixing
- Minister says Mangalore air cargo complex likely to be commissioned
- DHL commences US-Australia cargo flights with return via Hong Kong
- National Air Cargo wins US$2.9 billion Pentagon contract
|JULY 20, 2012|
- Allcargo-Mammoet successfully execute major heavy lifts at IOCL's Paradip refinery
- Apollo LogiSolutions appoints Capt. A. K. Bhattacharjee as CEO - CFS
- ASF calls for UN counter piracy task force
- Graig & GMI team up to deliver safe havens for shipping lenders
- ICS calls on EU to allow ship-sharing consortia
- Idle containership fleet up
- Line warns of Japanese electricity blackouts affecting reefers
- SCI takes delivery of Panamax bulk carrier
- Transpac rates fall for third consecutive week
- INP&DWF to boycott wage revision committee meeting
- Kerala may invite fresh bids for Vizhinjam port
- Rail freight corridor project reportedly stuck in Finance Ministry
- FinMin to take call on export yields repatriation in concert with RBI
- Forex reserves slip $ 872.7 m to $ 286.74 bn
- Govt to revise tariff value on imported RBD palmolein
- Govt working on strategy to narrow trade deficit with China
- Industrial output rebound is good but does not signal robust recovery: Montek
- INR ends weak at 55.32 in highly volatile trade
- MACCIA's Foreign Trade Policy seminar on Aug. 3
- Rays of hope from God's own country
- Kübler accomplishes unique transport operation with SCHEUERLE heavy duty vehicles
- Texas International Freight moves massive earthmover
|JULY 20, 2012|
- Contracts for pre-salt FPSO topside modules get go-ahead
- Bayonne Bridge raising would benefit from fast tracking
- Seaspan Shipyards chooses IFS Applications as MRP solution
- Administration looks to cut port project red tape
- Compact exhaust gas scrubber gets DNV approval
- Jensen Maritime designs Tier 3 tugboat for McAllister
- Jaya Shipbuilding signs agreement with IHC Merwede
|JULY 20, 2012|
- Port of Seattle honored for Guard/Reserve hiring practices
- Boeing marks 50th delivery of converted 747-400 freighter
- NYK emissions reporting nets third party certification
- US railroads deliver mixed bag during June
- NHTSA joins CBP team eyeing unsafe imports
|JULY 20, 2012|
- Port valuations
A terminal's worth is based on a lot more than its monetary value
- Asian bidders eye CMA CGM's port assets
China Merchants among potential buyers for 49% of French line's Terminal Link
- West African suezmax market slides further
Bottom of the market could be reached over next few weeks
- China Merchants said to be eyeing stake in Terminal Link
Investment in CMA CGM unit may give it a necessary foothold in overseas markets
- Suezmax newbuilding orders dry up as spot market slumps
Owners warned not to be tempted to order when market picks up later in the year
- Banks, boxes and bailouts
The pain in Spain falls mainly on consumer sentiment
- Tax bill fears for German owners
Members of the Containership Association support scheme could face 19% charge
- Phoenix Reederei files for insolvency
Collapse creates fear that other German shipowners with vessels financed by KG funds will be hit
- Why Chapter 11 only works when it works
Procedure is most useful where the owner has equity in its assets and support of financial institutions
- Winter bonanza lies ahead for LNG carriers
Rates forecast to top $180,000 per day, tempting owners to order more newbuildings
- US east and Gulf coast labour talks make 'significant progress'
ILA and USMX say they have agreement in principle on a number of issues, including automation
- Transnet plans $37bn investment across South Africa
Majority will go on turning TFR into important rail freight company, with rest spent on port terminals
- TPT chief seeks to build links with other ports
Partnership would help boost economy across region, claims port terminals chief executive
- Lessons from aviation
Lessons can be learned for the maritime industry from the Air France crash
- Jinhai Heavy Industry takes $88m hit after delayed deliveries
Golden Ocean renegotiates prices of two kamsarmaxes and capesize down to $86.7m from original $174.75m
- NYK goes even greener
Japan giant has expanded its reporting on emissions to its supply chain, with independent verification
- CMG and DHL jointly open logistics centre in Shenzhen
DHL rents land from CMG on a long-term lease to cash in opportunity in Southern China's newest, buzzing financial zone
- Cape rates edge lower as demand prospects vanish
Iron ore prices are falling, while stockpiles in China's ports grow
- Transnet issues $1bn 10-year bond
Company claims bond issuance is 'significantly oversubscribed'
- Obama funding drive will boost US east coast ports
Projects include deepening federal navigation channels, raising the height of New York harbour's Bayonne Bridge and an intermodal container facility in Jacksonville
- Jaya to become IHC Merwede's contracted yard
Acquisition talks fail to bear fruit, but firms agree a smaller deal
- Bocimar profit falls 64% in second quarter
Handysize earnings below reported average for global fleet
- US urges ports to act upon Iranian ships flying false flags
Treasury warns that a lack of vigilance could result in severe penalties
- China Shipping Development moves ahead with bond offering
Yuan3bn deal will include five-year maturity
- Keppel's O&M net profit grows 2% in first half
Revenue grows 60% to S$4bn buoyed by higher volume of work
|JULY 20, 2012|
- Keppel O&M profit gain pared
KEPPEL Offshore & Marine said today lower newbuilding prices clipped the growth of its net profits to just 2% in 1H 2012, from 6% growth at this time last year
- Back-channel crude from Iran reported
OBSCURE private companies were reported today to offer Iranian crude at steep discounts to European traders as part of Tehran's attempt to restore exports hit by Western sanctions
- Croatia approves Brodotrogir yard takeover
CROATIA'S government today said it has accepted a bid for the Brodotrogir shipyard from a group run by a local mining tycoon
- Jurong to run Yangpu's port
SINGAPORE'S Jurong Port said it has signed a joint venture accord with SDIC Jurong Yangpu Port Co.
- GSI returns to tight competition
CHINA'S government-owned and listed Guangzhou Shipyard International today said it would take a 24% share in United Steel Structures, while its Glory Group Development would take a 25% stake
- Kremlin to privatise its 20% NCSC stake
THE KREMLIN said it has decided to privatise its 20% stake in Novorossiysk Commercial Seaport Co.
- Arctic mining pursued
CANADA Coal is betting that lower sea levels have made mining and bulker operations feasible on two Arctic islands
- Ramadan slows cargoes
THE ONSET of Ramadan, the month-long Muslim fasting season, has slowed the availability of Indonesian coal and ore cargoes, brokers told Fairplay today
- Ship could burn for weeks
DUTCH salvor Smit today resumed the battle against a deadly blaze on the 6,750teu MSC Flaminia in mid-Atlantic after firefighting had to be halted overnight after a second explosion in one of its cargo holds
- Container sector relies on capacity discipline
CAPACITY discipline will help box carriers maintain reasonable rates through this year's unusually tough third-quarter peak season, according to CIMB Securities
- Poof! Fairstar newbuilding order appears
DOCKWISE told Fairplay today it found out this week that Fairstar placed a $110M order for a new heavy-lift newbuilding while it was still fighting the Dockwise takeover
- LR1s catch up with LR2s
LR1 RATES are finally catching up with the LR2s, as demand firms for naphtha and jet fuel
- Penguin accepts fine
SINGAPORE'S shipbuilder Penguin International said today the group will not appeal against a fine for violating competition laws
- Dalian Oriental is bankrupt
BUILDER Dalian Oriental Marine & HI was reported today to have finally declared bankruptcy
- VLCC gains seen next week
BROKERS today saw VLCC freight rates probably inching up next week, with bunker prices rising again
|JULY 20, 2012|
- EU to tighten grip on Syria
- Patrick's productivity plan for Port Botany draws sharp criticism
Patrick Stevedores' AUD348(USD359) million plan to automate terminal operations at its Port Botany container terminal complex in Sydney, Australia, has drawn wide ...
- ILA contract negotiations move forward after resolution of key issues
US East Coast (USEC) contract labour negotiations have received a boost after the International Longshoremen's Association (ILA) and the United States Maritime ...
- RCL deploys panamax feeder intra-Asia
Wednesday heralded the introduction of the biggest commercial feeder currently operating on the booming Singapore - Laem Chabang corridor. The ...
- US Admin speeds up USEC ports harbour deepening
US East coast (USEC) ports have received a boost in their efforts to be ready for the widening of the Panama Canal after the US Government announced that it is ...
- Gonzalez to replace Abesamis at ICTSI
Manila-based International Container Terminal Services, Inc. (ICTSI) has announced that Christian R. Gonzalez will become head of its Asia region. He will replace ...
- MSC Flaminia: fire fighting to last weeks
- Maersk changes New Zealand feeder service
Maersk has improved its service to New Zealand by adding calls at Wellington and Nelson to its weekly Southern Star schedule from Singapore. The first calls there ...
- TCB prepares for more competition in Barcelona
Barcelona Container Terminal (TCB) has announced further measures through which it intends to meet the challenge from neighbouring TERCAT's impending expansion ...
|JULY 20, 2012|
- Golden goose
- Golden goose
Analyst urges clients to keep an eye on shipowner's stock following overhaul of Jinhai bulker order.
- IHI arrives at EAS
IHI Marine lands in Brazil in a bid to save stalled Transpetro newbuilding contracts.
- Viking pens cruise duo
- McQuilling storms Lion City
- Alaed "unloads choppers"
The Femco cargoship Alaed has reportedly rid itself of its controversial cargo of Syrian attack helicopters.
- Sinopacific wins Nigeria job
SinoPacific Shipbuilding has made its first foray into Africa with an order for a quartet of platform supply vessels.
- Titan's troubles swell
A leading investor in Titan Petrochemicals is suing the company and three individuals for misrepresentation and breach of contract.
- Sinokor tied to cape resale
- CIN buys Tirrenia
Italy has completed the privatisation of ro-pax owner Tirrenia in a deal with Compagnia Italiana di Navigazione.
- Solstad seals CSV sale
Solstad has completed the sale of a half share in one of its construction support vessels.
- China Merchants sounds alarm
China Merchants Holdings is the latest Hong Kong-listed company to brace investors for bad earnings news.
- CMES worse by half
China Merchants Energy Shipping (CMES) has posted a weaker first-half profit in tough tanker and bulker markets.
- Jaya inks IHC deal
Singapore group Jaya Holdings has signed up to build Dutch shipyard IHC Merwede's offshore vessels in Asia.
- Greeks tuck in
Shipowners gorge on nearly $2bn worth of newbuild and secondhand tonnage in the first six months despite the downturn.
- BG heads to Lisbon
UK-owned feedership player BG Freight Line is putting its money on Portugal.
- Salvors to board MSC Flaminia
Efforts to fight an extensive fire on the crippled containership MSC Flaminia appear to be delivering a result.
- Weight warning
The UK has warned owners of the dangers of "overweight" rescue boats as part of its probe into a fatal fall on the car carrier Tombarra in 2011.
- PNSC crew quizzed
Indian authorities are questioning the crew of a Pakistani cargoship that dropped anchor off the Gujarat coast.
- Golden Ocean gets a discount
Bulk carrier owner Golden Ocean is making a substantial saving on three newbuildings on order in China in return for accepting a three to six month delay in delivery.
- Antwerp volumes down
The key Belgian port of Antwerp has posted a 2.1% drop in cargo volumes in the first half of 2012.
- Koncar wins Trogir race
Croatian tycoon Danko Koncar has had a bid accepted for the Brodotrogir shipyard.
- Syrian volumes plunge
Container volumes have shrunk 20% at Syria's main port of Latakia as fighting escalated.
- France standing tall
Brokers back Parisian influence, while Clive Palmer digs himself into a Titanic hole.
- Disposals lift CMB
Belgian shipping conglomerate Compagnie Maritime Belge (CMB) saw its daily earnings from its dry-bulk fleet drop in the second quarter of this year, although profits were significantly higher because of gains made on the disposal of its interests in Clarksons and FMG.
- Robbers target three
Somali pirates were quiet on the attack front this week, but high-seas burglars were busy elsewhere.
- Golar LNG Partners completes FSRU purchase
Golar LNG Partners has completed its $385 million purchase of the floating storage and regasification unit (FSRU) Nusantara Regas Satu from Golar LNG.
|JULY 20, 2012|
- Fire easing on stricken MSC ship
"The extent of the damage to the cargo is still not known, and it is most likely that such an assessment can only be made once the vessel has reached a port of refuge," the liner carrier said in a statement Friday.
- Aspect launches Web tool for oil shippers
- President puts 7 port projects on the fast track
The White House said port projects in Jacksonville, Miami, Savannah, Charleston and New York/New Jersey will be expedited by executive order as part of a program to make the review process for infrastructure projects more efficient.
- Kurz: Title XI fight could have wider impact for U.S. fleet
APT is asking a federal judge to order MarAd to make a decision on whether to grant it a loan guarantee for five 49,000-deadweight-ton petroleum tankers that were built at the General Dynamics NASSCO shipyard in San Diego.
- GreenRoad offers fleet safety app
- 2 indicted for plotting illegal exports to Iran
- Montreal copes with low water
A handful of liner carriers has highlighted the problem in recent weeks, via customer advisories, with some of the lines levying surcharges to offset their impacted operations at Montreal.
- Maersk extends SE Asia-NZ butterfly loop
- ILA, USMX resolve automation, chassis issues
- ARI hopes telematics will maximize fleet value
- Maersk trims WAF loops
- New Orleans Cold Storage opens new terminal
|JULY 20, 2012|
- Prices in the Americas down as week closes
Trading was slow on the US Gulf, according to a local supplier.
- Angry reactions to US sulphur verification policy
Bunker community vents frustration at discrepancy between IMO guidelines and globally accepted methodology for interpretation of sulphur test results.
- Titan woes pile up
Storage and tanker company facing yet more court battles.
- Bunker prices climb in Middle East and Africa
Prices gains in evidence across Middle East and African markets puts Cape Town in front with double digit rise.
- Firming bunker prices close week in Europe
Prices have maintained their upward spurt with with gains seen in the key European ports.
- NYK gets the green light
Japanese liner giant monitors greenhouse gas emissions along its supply chain.
- Exhaust gas scrubber gets official endorsement
'Approved' scrubber will allow ships to meet ECA sulphur cap.
- US warns industry on 'deceptive' IRISL
Iranian ships could be hiding their ownership through false documentation.
- Bunker prices end week higher
Singapore benchmark 380 cSt rises to seven-week high on Friday.
- FAL Oil tanker seized for unpaid debt
Tanker seized following failure to pay German bank around $3 million in debt.
- Wartsila to supply engines for nine Kuwaiti tankers
RT-flex engines provide for low fuel consumption and reductions in exhaust emission, says Finnish engineering firm.
- VLCC market going 'bad to worse' on rising bunkers
Bunker prices rise to seven week high this week while VLCC spot rates have fallen to the lowest for the year to-date.
- Singapore court lifts injunction against bunkering exec
'Top performer' need not wait to start work at rival firm.
- Bunkering operations resume in Korean ports
Operations return to normal as typhoon Khanun passes.