|MAY 24, 2012|
- MOL unveils new weekly China-Middle East service from June 8
- Hapag-Lloyd hikes rates for India-Europe, Japan-Arabian Gulf June 1
- Port of Savannah volume falls 4.2 per cent to 248,886 TEU in April
- Maersk levies surcharges for India to North America cargo from June 15
- Oman's Salalah first quarter volume increases 3pc to 922,000 TEU
- Signs of difficulties overcome at Vallarpadom ICTT box terminal
- NYK turbocharger generates electricity from main engine waste energy
- Hong Kong's Asia Airfreight Terminal April cargo off 0.4pc to 58,041 tonnes
- HKBAC opens 3rd hangar as demand for business aviation in Hong Kong grows
- Vietnam attracts foreign carriers as domestic airlines struggle or fade
|MAY 23, 2012|
- Caravel Logistics announces ICE service connecting Mundra & Cochin
- ICS publishes annual review
- MOL offers CMS service calling Mundra
- NYK's new slurry vessel delivered
- Steady market growth for Damco in Q1
- Videotel launching new dynamic positioning course
- India eager to enlarge economic ties with Iran
- CONCOR plans INR 1,600-cr. investment in current fiscal
- Ministry wants delayed highway projects completed within revised deadline
- Fluctuations in INR bound to happen: PM
- Global buyers seek slice of falling INR pie
- Govt likely to offer sops to exporters in FTP
- Govt urged to refrain from acquiring land for private business
- INR now breaches 56
- INR to get breather due to dollar inflows from EEFC account
- Policy package to boost flagging INR in pipeline
- Release export figures in quantity terms too: Parliamentary panel
- States set to play hardball over individual rates in GST
- MACCIA's Advanced Certificate Course in Customs from June 13-15
|MAY 23, 2012|
- Construction of 1,000 km express highways in India
The Indian government has approved the construction of 1,000 km of express highways under phase VI of the country's national highways development project. The main criterion for th...
- Kazakh Railways and InterRail start joint project
The international rail forwarding group InterRail, headquartered in Switzerland, and Kazakh Railways have presented a concept for a more effective handling of the east-west and wes...
- Sievert Handel Transporte investing in fleet rejuvenation
Sievert Handel Transporte, based in Lengerich (Germany), is stepping up investment in its vehicle fleet. During the current year the company is adding more than 100 new tractors, s...
- Cargo alliance Elvis concentrating on sales
It has just come to our attention that logistics manager Rolf-Dieter Köster began to strengthen the team of employees at the Elvis headquarters in Alzenau (Germany) on 1 April 2012...
- Volga-Dnepr Airlines and Chapman Freeborn deliver a boost to Congo's mining power generation
A Volga-Dnepr Airlines' AN-124-100 freighter chartered by Chapman Freeborn has carried a 22 t multi-stage press coil to the Congo to help step up the modernisation of the country's...
- First transit of unaccompanied trailers through the Channel Tunnel
Europorte Channel, the cross-Channel railfreight operator, has launched a new unaccompanied trailer transport service between Antwerp (Belgium) and London. The new service which en...
- Chairman of Eiffa board of directors elected
The Egyptian International Freight Forwarders Association (Eiffa) has elected a new board of directors. Medhat El Kady became the new chairman of the board, succeeding General Maze...
- Cuvillier to be junior transport minister in the French cabinet
Frédéric Cuvillier has become the junior minister for transports and maritime economy in Prime Minister Ayrault's cabinet. He reports to the minister of ecology, sustainable develo...
- Leimgruber delivers lifts for new trade fair centre
The Swiss transport and logistics company Paul Leimgruber has landed a major contract from lift manufacturer Schindler Aufzüge. Under the terms of the deal Leimgruber will be respo...
- Logisticor becomes Ziegler South Africa
The Ziegler Group, headquartered in Brussels (Belgium), has announced a further development on the South African logistics landscape with the launch of Ziegler South Africa on 1 Ma...
- Geodis Wilson expands cross border trucking operations to China
Geodis Wilson, a leading freight management company, is expanding its trucking operations to include China by extending its existing routes through Singapore, Malaysia, Thailand, a...
- Gateway Partners gives Virgin Atlantic Cargo a dedicated sales focus in Japan
Western Associates Group, one of Japan's leading air cargo general sales agents, has established a new company, Gateway Partners Inc (GPI), to provide dedicated representation for ...
- APL receives highest honour for marine environmental protection in the USA
The global container carrier APL received the USA Coast Guard's highest award for excellence in marine environmental protection on 21 May. The world's seventh largest container car...
- Safmarine welcomes new Wafmax vessel
The "Safmarine Chachai", a new 4,500 teu, Safmarine-branded Wafmax containership, was delivered to the shipping company Safmarine on 21 May 2012. The environment-friendl...
- TSA sets cargo screening deadline for international inbound passenger aircraft
The USA's Transportation Security Administration (TSA) has set a deadline for passenger air carriers to conduct 100% cargo screening on international flights bou...
|MAY 23, 2012|
- Rena salvage operations continue
|MAY 23, 2012|
- Port of Portland terminal operator nets Foreign Direct Investment Business Award
- Plan approved for removal of COSTA CONCORDIA wreck
- Trucking group troubled with FMCSA safety-monitoring system
- NOAA delivers new charts covering Kotzebue Sound, Alaska
- Boeing marks delivery of 50th UPS 767-300 Freighter
|MAY 23, 2012|
- Many years needed for Far East-Europe container recovery
Trade will take until 2018 to regain 2011 volumes, model predicts
- Charterers hold back June cargoes to stifle Middle East VLCC rates
Tactic successful in lowering rates
- Built in the USA
Jones Act requirement faces calls for exemption
- What's the solution to Jones Act building restrictions?
Owners seek exemption from US-build clause
- East-west battle looms as Panama Canal expands
PNYNJ will outgun its east coast rivals as it invests in capacity
- Schemes, dreams and screams
Port of Oslo mixes art and ecology, business and leisure
- Bunker prices plummet as US crude oil stocks hit highest level since 1990
Glut drags down fuel prices by 10% or more
- Pressure mounts on Liverpool to repay grants
Row centres on decision to position cruise terminal to handle turnaround calls
- Charter deals favour widebeam boxships
Fuel economies and undersupply boost day rates for new tonnage
- Nautilus demands action on UK work permits
Union alleges owners fail to comply with rules
- Greek flag suffers further fall
State statistical authority reports 3.3% reduction in vessel numbers over last year
- Maersk Texas thwarts mass skiff attack
Company confirms incident after earlier confusion
- Eagle Bulk reverse stock split takes effect
Four-for-one split on Nasdaq keeps stock above $1
- Politicians must respect shipping industry, says Polemis
Governments should consult owners, says departing ICS chairman
- Caiano to buy Green Reefers
Chief executive blames poor outlook for sector
- Cosco International coating plant joint venture and clears legal hurdle
Independent board committee says deal with Japan Kansai is fair and reasonable
- VLCC market to suffer from China oil trade decline
RS Platou Markets warns slowdown will delay the recovery for tanker markets
- PMSCs demand more clarity from port states
Floating armouries unnecessary if port states 'took control'
- CSCL to borrow $100m to build working capital
Container shipping line seeks loan from China Development Bank
- Eitzen loses $16m in first quarter
Chemical tankers owner optimistic that improvements are on the way this year
- Rena containers recovery crosses the 800 mark
Good weather allows for steady progress
- Asia Maritime Pacific and OSL Holding announce dry-bulk merger
Hong Kong firms target intra-Asia and China-Africa trades
- Stepping on the gas
Offshore vessels eye North Sea bounty as UK energy bill outlines energy targets
- Ports co-ordinate response to global legislation
Espo and IAPH sign memorandum of understanding
- CMES plans larger credit facilities
Chinese carrier hopes to benefit from lower interest rates
- Ratify Unclos
Ratifying Unclos will reinforce the credibility of the US in negotiating maritime disputes
- Sietas Group attracts five bidders
European and Asian shipbuilding investors could buy whole group or individual companies
- Awilco LNG confident that it can fix two newbuildings
Demand for specialist gas carriers will continue in 2012, says Oslo firm
- BLT settles dispute with Lantern Maritime
Confidential deal restructures time charter for Chem Ranger
- StealthGas profit soars in first quarter
Greece-based owner eyes new acquisitions as LPG market improves
|MAY 23, 2012|
- Short-notice toll hike blasted
CUSTOMERS sharply criticised the Panama Canal Authority (ACP) during today's public hearing on proposed toll increases to ensue in July
- Tankers nipped in the bud
THE AVERAGE age for demolishing crude tankers has dropped to 21 years from 26, a level not seen since 1995, BIMCO said today
- Interest expenses knock Golar LNG Partners
A JUMP in interest expenses has dragged lower the 1Q12 net profits of Golar LNG Partners, despite a rise in operating results
- Spanish builders pitch EC once again
MADRID has submitted a new tax-lease scheme to the EC in hope of ending the export order dearth that is threatening to put many private shipbuilders out of business
- VINALINES legal saga gets even stickier
POLICE in Vietnam have issued an arrest warrant for Duong Chi Dung, former chairman of government-owned carrier VINALINES
- STX France workers want new government's help
A CROWD of STX France workers and sympathisers demonstrated in Saint Nazaire today to urge Paris to push for new orders desperately needed at the yard
- Grain bulkers lose Atlantic 'escape route'
BULKER owners are losing the option of ballasting to the Atlantic in hope of collecting South American grains, brokers said today
- Hsu trashes yard investments
COURAGE Marine's president had further bad news today for already-struggling Chinese shipbuilders: "Yards are not a profitable investment
- Youngest box ship scrapped
WEAKNESS in the charter market for sub-Panamax box ships has claimed its youngest victim
- Athens-Seoul dual listings target shipping
THE ATHENS Exchange and its South Korean counterpart have agreed to facilitate dual listings, with an eye on shipping and energy companies
- Tug sinking report finds errors
A SERIES of errors led to the death of a tug crewman in the River Thames, the UK's Maritime Accident Investigation Branch has determined
- Awilco LNG's strong 1Q12 sparks full-year optimism
AWILCO LNG of Norway said today strong demand is keeping the sector's outlook bright on strong demand
- 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)
- Tankers seen hobbled by China
SLOWING Chinese growth and recessionary pressures in Europe are likely to prevent a surge in crude tanker rates, a report from Poten & Partners has warned
|MAY 23, 2012|
- APM Terminals Bids to Take Over Virginia Terminals
APM Terminals made an unsolicited bid it estimated at between $3 billion and $4 billion to take over the operations...
- China to Lift Ban on Virginia Logs
China will begin to lift its ban on imports of Virginia's hardwood and softwood logs under a six-month pilot project,...
- ATA Asks Congress to Mandate CSA Changes
The American Trucking Associations is stepping up its campaign to force changes in the Compliance, Safety, Accountability or CSA program,...
- Maersk Line Ltd. Ship Repels Pirates
The crew of a small U.S.-flag Maersk container ship repelled a pirate attack in the Gulf of Oman on Wednesday,...
- Class 8 Truck Orders, Backlog Decline
Net orders for new heavy-duty truck orders hit their lowest level since 2010 in April, continuing a decline that began...
- Congress Assures Jones Act Carriers on Oil Reserve Transport
Congress gave Jones Act carriers further assurance that they will ship oil from the U.S. oil reserves if needed, not...
- Virginia Weighs APM Bid for VPA Terminals
The state of Virginia is considering a proposal from APM Terminals to take over the operating rights of the Port...
- Canada Ready to End CP Strike 'If Necessary'
The Canadian government is ready to legislate the end of the Canadian Pacific Railway strike that began earlier today "if...
- Trans-Pacific Spot Rates Hold Firm
Eastbound trans-Pacific spot rates held steady this week for the fourth week in a row, indicating that carriers are maintaining...
- YRC Names Ware President of LTL Carrier Holland
Trucking giant YRC Worldwide chose a Scott D. Ware, a 27-year trucking veteran, to serve as president of its regional...
- Automation Key to West Coast Ports' Long-Term Strategy, PMA Says
Automation will provide the critical, long-term strategy for creating capacity and improving efficiency in cargo-handling at West Coast ports, according...
- RailAmerica Says Company in Preliminary Sales Talks
RailAmerica said it is in preliminary discussions with third parties regarding the potential sale of the short-line and regional railroad...
- China Airlines Launches Freight Service to Luxemburg
China Airlines has launched a new freighter service linking Asia and Europe via India and Southeast Asia. The twice-weekly...
- Canadian Pacific Suspends Canadian Service After Strike
Canadian Pacific Railway suspended Canadian service on Wednesday after union workers began a strike early in the day. CP...
- Indonesia to Build Transshipment Terminal Near Batam
Indonesia plans to build a major new container transshipment terminal designed to offer lines an alternative to Singapore and Tanjung...
- Analyst: Weak European Demand Could Force Lines to Idle Ships
Divergent demand growth rates between the trans-Pacific and Asia-Europe container shipping trades will emerge as the year progresses forcing carriers...
- Cargolux Airlines Adds Manaus to Europe-Latin America Service
Cargolux Airlines International has added an additional stop on its freighter service between Europe and Latin America. The Luxembourg-based,...
- Green Reefers Calls It Quits
Norway's Green Reefers, one of the largest operators of refrigerated cargo ships, is winding up its operations and selling its...
- Japanese Exports to US Surge 42.9 Percent
Japan's exports to the United States rose for the sixth consecutive month in April on a year-on-year basis, jumping 42.9...
- APL and PIL to Launch New Far East-Red Sea Service
APL and Pacific International Lines will launch a new a new joint service linking the Far East and Red Sea...
|MAY 23, 2012|
- What shall we do with the drunken sailor?
From time to time there are newspaper reports of an airline pilot being prevented by the authorities from boarding a plane on suspicion of being drunk: clearly ...
- OOCL warns of CP rail box disruption
OOCL is one of many carriers to flag-up to shippers the possibility that the Canadian Pacific Railway [CPR] will prohibit the acceptance of all container traffic ...
- NYK clubs together with RCL for new China-ASEAN service
NYK has joined forces with Regional Container Lines (RCL) to launch a joint service, the Thailand-Vietnam-Canton (TVC) sling that will replace its TVS sling with ...
- Rail relief for Chennai
At least that is the hope of shippers and liners utilising the heavily-congested Indian city port of Chennai as they await formal government approval for the addition ...
- MSC in trouble with New Zealand shippers
The New Zealand Shippers Council (NZSC) is unhappy over the way that MSC's schedules are being changed at short notice. It claims this is adversely affecting the ...
- ATA predicts slower growth in Q2
The American Trucking Association's [ATA] 'barometer' for-hire truck tonnage index declined by a month-on-month 1.1% in April, suggesting that the US economy is ...
- World Bank: East Asian markets at risk
In its latest report the World Bank has warned that the economies of East Asia are increasingly 'vulnerable' to the eurozone crisis and that export markets could ...
- Maersk adds ports to ME2 service
Maersk Line has added extra ports to its Mediterranean-Middle East (ME2) service as it seeks to extend the link's coverage into the faster-growing eastern Mediterranean ...
- ICTSI to invest more in Rijeka
International Container Terminal Services (ICTSI) has outlined plans to spend another HRK133 (USD22.5) million this year on Adriatic Gate Container Terminal (AGCT) ...
|MAY 23, 2012|
- World City refuses to fold
Cruise industry's 'white elephant' says billion-dollar project is still alive despite decades of setbacks and Title XI rejection.
- Pool pledge drive bears fruit
Heidmar says new participants prove pools offer an attractive destination for owners seeking relief from tanker market turmoil.
- Peter G in the driver's seat
Incumbent chairman, CEO and CFO of General Maritime Corp avoid the axe as backer Oaktree Capital installs 'new' regime.
- ULTR loses Wall Street ally
Felipe Menendez-led owner dealt another blow as FBR Capital cuts research coverage despite encouraging endorsement.
- False alarm for Maersk vessel
Fears of 20-skiff pirate hit on AP Moller ship off the coast of Iran prove wide of the mark.
- AMP swallows OSL Holdings
Hong Kong bulker operators merge under AMP name, with major shareholder Mark Young remaining in CEO role.
- SSC revs up earnings
Lion City-listed car carrier owner's bigger fleet drives up net earnings.
- Dolphin's seismic sales soar
Oslo-listed operator reports revenue hike but higher costs keep it in the red.
- Minsheng files for IPO
Chinese container line plotting share sale in Shanghai to raise money for new vessels.
- Chinese handbrake for tankers
Falling oil demand in China will slow down rate recovery, RS Platou Markets says.
- Carnival in dialysis drama
Cruise line says sorry for booting disabled woman off ship after mix-up involving misplaced blood-cleaning machine.
- Viking makes losing start
TransAtlantic-owned offshore owner posts first quarter deficit due to weak North Sea spot market.
- Eitzen Chem cuts cash burn
Oslo-listed owner posts smaller than expected loss as revenue climbs and costs shrink.
|MAY 23, 2012|
- NEWSFLASH: APM Terminals makes bid to operate Port of Virginia
APM Terminals, a subsidiary of the A.P. Moller-Maersk group, said Wednesday that it has made an offer to operate all Virginia Port Authority (VPA) facilities in Hampton Roads and inland.
- NY-NJ port says tenant owes $2.8 million
The port authority is giving Foreign Auto Preparation Service (FAPS), the largest auto processor in the port, eight days to meet its financial obligations. FAPS operates on 119 acres and serves about 13 auto manufacturers.
- Teamsters strike at CP
Workers began a strike against the Canadian Pacific Railway after midnight Wednesday, idling the company's freight trains. Teamsters Canada Rail Conference represents 4,800 conductors, yardmen, locomotive engineers and rail traffic controllers.
- Boxship scrapping hits record pace
"The total capacity scrapped this year is expected to exceed 200,000 TEUs, making this the second highest year of scrapping behind the record-breaking 379,000 TEUs scrapped in 2009," Alphaliner said.
- Freight payment firm launched
- Washington Notebook: Panama Canal report's credibility issues
- APL, PIL start Far East-Red Sea service
Eight ships of about 6,000-TEU capacity will be deployed in the joint service with a rotation of Shanghai, Ningbo, Xiamen, Chiwan, Nansha, Singapore, Djibouti, Aden, Jeddah, Sukhna, Aqaba, Djibouti, Singapore, Nansha, and Shanghai.
- Maersk hikes westbound transatlantic rates
- Exel makes senior appointments
- U.S. presses East African trade opportunities
- Sarsfield heads Avalon's int'l development
- Langh unveils container for ore, scrap
- SAP buys procurement leader Ariba
- NOAA releases Alaskan Arctic nautical map
- FMC reviews 19 OTI license applications
|MAY 23, 2012|
- BP Marine confirms third Panama Canal bunker barge
Company expects barge to begin trading within the next two to four weeks once final permit issues have been resolved.
- Insurance ban for ships carrying Iranian product could be lifted
EU officials say they want to avoid any 'undesired impact'.
- What premium do you expect for LSFO in major US ports?
- Investigation into 'hazardous' fuel blending in Rotterdam
Study showed some ocean-going vessels were being bunkered by fuel oil contaminated with hazardous waste materials.
- Prices falling in Fujairah
Good demand in Middle East hub.
- Bunker market softens in Rotterdam
Some prices climbing in Mediterranean markets.
- Fuel oil arbitrage will be 'heavy in June'
Traders say Singapore market will be 'finely balanced'.
- EPA 'apoplectic' over cruise industry sulphur proposals
'Flexibility' for cruise industry could mean emissions 'ten times' greater than would achieved by following ECA regulations.
- LNG suppliers 'yet to be convinced' the bunker role exists
Shipowners need to know that LNG will be made available 'at attractive price levels and the right locations', says new study.
- Bunker prices soft in Asian ports
Supplies of bunkers not an issue.
- Sinopec Zhoushan April bunker sales up
Firm sells 250,000 mt of bunkers in April, up 20,000 mt from previous month.
- New Chinese oil storage facility could start operations in June
Tank farm will reserve most storage capacity for gasoline, gasoil and fuel oil.
- Fifty Chinese fishing vessels switching to use LNG as fuel
Fishing vessels expected to use 20% lesser fuel during operations after the conversion.
- Industry players urged to know their counterparts
A deal going badly in the current operating environment 'can kill a company dead', says Managing Director of Ocean Intelligence.
- Fujairah studies feasibility of LNG bunkering
The port hopes to become a regional LNG bunkering hub in the future, says Harbour Master.